05/13/1996 - Budget Packet �GtJ�
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BOARD OR COMMISSIONERS
Serving Unincorporated Area
BUDGET MEETING AGENDA .
Monday,;May 13, 1996.
600'p.m.
1. Call to Order
2. Visitor Comments
3. 1996/97 Budget Discussion
4. Adjournment
Executive Session: The Tigard Water District may go into Executive Session
under the provisions of.ORS 192.660'(1) (d), (e), & (h) to discuss labor relations,
real property transactions, current and pending litigation issues.. All discussions
within this session are confidential; therefore nothing from this meeting may be
disclosed by those present. Representatives of the news media are allowed to
attend this session but must not disclose any information discussed during this
session.
kathy\twd\5-13.89n
May 8, 1996
Members of the Budget Committee
Tigard Water District
8777 SW Burnham Street
Tigard,Oregon 97223
Included herein is the proposed budget for the Tigard Water District for the fiscal year 1996/97. This budget is
very similar to the 1995/96 budget adopted by the Board in June 1995.
The Tigard Water District budget used to include all operations and debt service of the entire Tigard Water system.
However, due to the withdrawal of the Cities from the District in January 1994, the remaining Tigard Water
District budget only includes the activities of the Tigard Water District Board. All other water activities are now
included in the City of Tigard annual budget.
The proposed budget includes as its main source of funding an estimated beginning balance of$20,035. Revenues
for the year are estimated at $9,965 which includes interest of$1,800 and the 1% of water revenues of$8,165.
Total resources available for appropriation are$30,000.
The proposed budget provides for attorney and engineering services if needed. Also included are costs for City of
Tigard staff time spent on District business and$4,000 for public relations or advertising.
The property tax levy for debt service included in the previous two years budgets is no longer necessary due to the
final maturity of the outstanding debt in the current year.
The budget committee must make a motion to approve the proposed budget as amended by the budget committee.
Once approved by the budget committee,the budget will be advertised and presented to the Tigard Water District
Board at a hearing in June for final adoption.
Respectfully submitted
Lou Ane Mortensen
Budget Officer
April 29,1996 Tigard Water District
Proposed Budget
General Fund 1996/97
Actual Adopted Proposed Approved
Resources 1994/95 1995/96 1996/97 1996/97
Revenues
One Percent Water Sales 7,348 7,700 8,165
Recovered Expenditures 323 0 0
Interest Earnings 1,341 1,500 1,800
Total Revenues 9,012 9,200 9,965 0
Beginning Balance 30,670 24,000 20,035
Total Resources 39,681 33,200 30,000 0
Expenditures
Personnel 0 0 0 0
Materials and Services
Attorney 541 2,300 1,050
Financial Reveiw 10 0 10
Election Costs 759 0 800
Meeting Notice 131 - 600 600
Public Relations 0 4,000 4,000
BoundraryCommission Dues 3,226 3,400 800
Special District Assoc Dues 100 100 100
Meeting/Staff Support 4,776 7,800 7,800
Special Districts Assoc conference 0 400 400
Travel/Food & Lodging 0 650 650
Insurance 2,928 2,600 2,600
Engineering Services 0 2,500 2,500
Misc 0 500 500
Total Materials and Services 12,472 24,850 21,810 0
Capital Outlay 0 0 0 0
Total Expenditures 12,472 24,850 21,810 0
Contingency 0 8,350 8,190
Total Appropriations 12,472 33,200 30,000 0
Projected Ending Fund Balance 27,209 0 0 0
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April 30, 1996
Tigard Water District
Proposed Budget
Expenditure Details
Attorney Estimated 6 hours for the year at$175 per hour.
Election Costs Election for commissioners in March 1997
Meeting Notice Publication of board meetings, election, budget
committee, and budget hearing notices.
Public Relations Funds for fliers and information for unincorporated area
Dues Special Districts Association of Oregon and the Portland Metro
Area Local Boundry Commission
Staff Support Accounting 2 hours per month 27.63 663
Meeting 10 hours per month 23.07 2,768
Ed Wegner 2 hours per month 45.03 1,081
Randy Volk 2 hours per month 36.55 877
Mike Miller 2 hours per month 32.43 778
Budget Total 14 hours 42.95 601
Misc staff time 1,032
7,800
SDAO Conference 2 members attend at $200 each
Travel, etc. 2 members at Seaside conference room and board for 3 nights.
Contingency Amount set aside for unanticipated expenditures.
April 29, 1996 Tigard Water District
Proposed Budget
Debt Service Fund 1996/97
Actual Adopted Proposed Approved
Resources 1994/95 1995/96 1996/97 1996/97
Revenues
Property Tax Collections 35,728 32,585 0 0
Interest Earnings 972 0 0 0
Total Resources 36,700 32,585 0 0
Expenditures
Interest 11,083 1,629 0 0
Principal 26,740 30,956 0 0
Total Expenditures 37,823 32,585 0 0
Projected Ending Balance -1,123 0 0 0
Property Tax Summary
Debt Service Requirements 27,895 32,158 0 0
Collection Rate 94% 94% 0% 0%
Levy Required to produce requiremens 29,676 34,211 0 0
Projected Assessed Value 403,753,000 535,566,065
Projected Tax Rate per$1,000 AN 0.073 0.064
Impact on Home valued @ $100,000 7.35 6.39 0 0
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TIGARD WATER DISTRICT
INCOME STATEMENT & BALANCE SHEET
As of April 30, 1996
INCOME STATEMENT
Accounts I FY BUDGET I Prior Y-T-D Monthly V-T-D I
REVENUES
1%PY Water Sales Revenue 7,700.00 7,777.46 7,777.46
Interest Earned 1,500.00 1,234.80 127.18 1,361.98
Recovered Expenditures
Total Revenues 9,200.00 9,012.26 127.18 9,139.44
EXPENDITURES
Professional Services 4,800.00 49.50 49.50
Contractual Services 7,800.00 1,697.60 2,027.98 3,725.58
Special Department Expense 4,500.00
Office Supplies&Expenses
Advertising&Elections 600.00
Dues&Subscriptions 3,500.00 896.00 896.00
Travel Food&Lodging 650.00
Education&Training 400.00
Insurance 2,600.00 1,804.00 1,804.00
Contingency/Reserve 8,350.00
Total Expenditures 33,200.00 4,447.10 2,027.98 6,475.08
BALANCE SHEET
ASSETS
Cash&Investments 31,774.22 (1,900.80) 29,873.42
Net Fixed Assets
Total Assets 31,774.22 (1,900.80) 29,873.42
LIABILITIES & FUND BALANCE
Liabilities
Accounts Payable
Due Other Funds
Total Liabilities
Fund Balance
Fund Balance 24,000.00 27,209.06 27,209.06
Excess of Rev/(Exp.) (24,000.00) 4,565.16 (1,900.80) 2,664.36
Total Fund Balance 31,774.22 (1,900.80) 29,873.42
Total Liabilities and Fund Balance 31,774.22 (1,900.80) 29,873.42
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