05/17/1973 - Budget Minutes Tigard Water District
Budget Meeting
May 17, 1973
PRESENT
Commissioners Budget Members
Clarence F. Nicoli Neil Longfellow
Don W. Thomas Harold A. Myers
John M. Wied Glen P. Sorum (absent)
R. Verne Wheelwright M. G. Jenovich (absent)
John S. Martin (absent)
Staff
Robert E. Santee, Administrator
Visitors
__ None
Mr. Wheelwright, Budget Officer, called the meeting to order at 7:54 p.m.
Mr. Myers was elected Budget Chairman.
Mr. Longfellow was elected Budget Secretary.
Mr. Wheelwright presented the budget message. (see attached document).
Motion was made to approve the budget document, as presented, for all
funds. Motion carried.
Motion was made to the meeting at 8:01 p.m. Motion carried.
TIGARD WATER DISTRICT 81341 5. W. COMMERCIAL ST.
TIGARD, OREGON 97223
PHONE (503) 639-1554
May 171 1973
8:00 p.m.
Budget Messages FY1973-74
Financial policies of the water district remain essentially the same.
A summary of the proposed budget is shown as follows:
Income:
Meter installations $ 60,000
Water Sales 382,000
Developer's, Overhead & Equipment,
Wage reimbursement 41,400
Miscellaneous 10,030
wow $493.430
Expenses:
Salaries $131,200
Water Costs, incl. electricity 56,000
Pipe replacements & extensions 72,000
Bond Sinking Fund 93,960
Miscellaneous 140,270
$493.430
The bonded debt requirements total $234,970 of which $189,070 can be
provided from resources within the district and $45,900 from taxation. The
same tax rate of 26c per $1,000 assessed valuation is proposed.
Two bond construction funds are active; namely: Bond Construction #1
and #1A. #1 will total about $160,000 and #lA about 180,000 on July 1st.
All of these funds are budgeted to be spent during the next fiscal year. Of
major importance is the 16-inch main from Bradley Corners to Tigard and
Tiedeman Streets. Other funds will be spent on 12-inch transmission mains and
pump stations.
Of major concern to the district is whether the State Engineer will
,.. require the closing of any or all of the deep wells. Additional funds have
been placed in the contingency fund for this purpose.
R. VERNE WHEELWRIGHT