HomeMy WebLinkAboutReso 66-2003RESOLUTION NO. 66-2003
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION AUTHORIZING AN AMENDMENT TO THE 2003-
2004 OPERATING BUDGET (No. 04-01) TO ADJUST REVENUES FOR
THE SEWER FUND FOR 2003-2004
WHEREAS, approval of the attached budget amendment resolution adjusts revenue in the
Sewer Fund by increasing revenue by a net of $331,350 reflecting:
an increase in rent charged to the other member cities of $343,514;
the charges for the new state loan's debt service payments to be paid by the City of San
Bruno ($337,836), reflecting San Bruno's share of Treatment Plant renovations;
a reduction in sewer connection fees and East of 101 development impact fees of $350,000,
reflecting a slowdown in development activity.
WHEREAS, the adoption of this resolution will result in a net increase of Sewer Fund
reserves of $331,350 for 2003-2004.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San
Francisco that the City Council authorizes an amendment to the 2003-2004 Operating Budget (No.
04-01) to adjust revenues for the Sewer Fund.
I hereby certify that the foregoing Resolution was regularly introduced and adopted by the
City Council of the City of South San Francisco at a regular meeting held on the 9th day of July 2003
by the following vote:
AYES: Councilmembers Joseph A. Fernekes, Richard A. Garbarino, and Raymond L.
Green, Mayor Pro Tem Karyl Matsumoto and Mayor Pedro Gonzalez
NOES: None.
ABSTAIN: None.
ABSENT: None.
ATTEST:
/ City Clerk
ENTERPRISEFUNDS
Sewer Rental Fund
Summary of Revenues, Expenditures, and Changes in Fund Balance
REVENUES
Actual Adopted Estim~ed Proposed Estimated Estimated
2001-02 2002-03 2002-03 2003-04 2004-05 2005-06
Operations:
Charges for Services 7,820,331 8,746,000 8,746,000 9,183,300 9,826,000 10,514,000
Other Cities 2,681,138 2,831,000 2,831,000 4,164,754 4,248,049 4,333,010
Connection Fees and Other 1,002,071 850,000 650,000 500,000 500,000 500,000
State Loan Proceeds 7,544,930 17,130,000 17,130,000
Developer Fees 189,357 250,000 314,000 150,000 150,000 150,000
Interest/Other income 193,138 84,360 84,360 84,360 95,800 62,000
Total Revenues
19,430,965 29,891,360 29,755,360 14,082,414
14,819,849 15,559,010
EXPENDITURES
Operating Expenses
Debt Service
Capital Expenditures
8,233,976 8,611,113 8,611,113 11,099,698 11,432,689 11,775,670
1,428,603 4,090,000 1,840,336 3,820,411 3,810,261 3,813,211
7,544,930 17,751,691 17,751,691 76,200 200,000 200,000
Total Expenditures
Net Income
Total Fund Balance 3,417,610
Encumbrances, End of Year 1,078,964
Emergency Capital Repairs Reserve
Undesignated Reserve,
End of Year 2,338,646
17,207,509 30,452,804 28,203,140 14,996,309
_2,223,456 .... (567 ,_4_47) , 1,552_.~22~? (913,895)
4,969,830
670,000
4,O55,935
15,442,950 15,788,881
(623,100_) (229,870)
3,432,835 3,202,965
500,000 750,000 1,000,000
4,299,830 3,555,935 2,682,835 2,202,965
The Sewer Rental Fund consists of: the Water Quality Control Plant Division, the Sewer Maintenance Division
in Maintenance Services, and planned Sewer capital project expenses.
The major priorities in capital are the proposed multi-year effort for inflow and infiltration work,
(the "Wet Weather program") which will be funded by a new State Loan,
and capacity improvements in the East of 101 area, funded by developer impact fees.