RESOLUTION # 16-05


RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE IMMOKALEE WATER AND SEWER DISTRICT AMENDING THE FISCAL YEAR 2016 BUDGET


WHEREAS, the Board of Commissioners of the IMMOKALEE WATER AND SEWER DISTRICT (hereinafter referred to as the "Board") is empowered to construct, operate and maintain a Water and Sewer System (the "System") as described in Florida Statute Chapter 78-494, Laws of Florida, which was amended by chapters 93-366, 94-489, and 95-492, Laws of Florida, was codified, reenacted, amended, and repealed as Chapter No. 98-495, was amended in Chapter 2005- 298; and was amended in Chapter 2015-205; and


WHEREAS, the Board is authorized and empowered to make rules and regulations for its own government and proceedings; and


WHEREAS, the Board met, reviewed, and amended the Budget for the Fiscal year ending on September 30, 2016, during a publicly advertised meeting on March 16, 2016;


NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE IMMOKALEE WATER AND SEWER

DISTRICT, in public meeting assembled that the following Fiscal Year 2016 Amended Budget be adopted and recognized as Resolution 16-05:

FISCAL YEAR 2016 AMENDMENT ASSUMPTIONS:

REVENUE


Assumes no rate Increase

O&M EXPENSES

ALL DEPARTMENTS


DEPARTMENT 10

Additional funds allocated for Repairs & Maintenance for Tank Maintenance and Quality Enterprise storm drain

DEPARTMENT 20

Additional funds allocated for Other Contract Services -MIT for DIW

DEPARTMENT 30


DEPARTMENT 40

Additional funds allocated for Other Professional Services for Rate Study

DEPARTMENT 50

DEBT SERVICE

This is calculated using Rural Development schedules.


CAPITAL FUNDS

"Other Capital & Emergency Funds" consists of 2.5% of projected revenue, which is deducted from

capital equipment reserve

Inhouse capital funds will be used from capital equipment reserves

DEPARTMENT 10

CIP#

Cost

METER REPLACEMENT/BACKFLOW PROGRAM (ONGOING)

2016-101

$100,000

(2) F150 REGULAR CAB

2016-102

$56,924

GPS - 14

2016-103

$4,755

SCADA - WATER PLANTS (3)

2016-104

$40,000


DEPARTMENT 20

F150 4X4

2016-201

$30,739

GPS - 7

2016-202

$2,377

FENCING

43,061

DIW PIPING

$181,462


DEPARTMENT 30

LIFT STATION REPLACEMENT PARTS-ONGOING

2016-301

$40,000

F250 TRUCK WITH UTILITY BODY

2016-302

$29,604

LIFT STATION SCADA SYSTEM

2016-303

$34,000

GPS - 8

2016-304

$2,717

LIFT STATION REHAB Q & X4

2016-305

$180,000

MANHOLE REPLACEMENT

$50,000

LIFTSTATION W FORCEMAIN

$172,700

LINE CLAY PIPE IN FWV

$249,000


DEPARTMENT 40

ADMIN OFFICE REPAIRS - LOBBY & DOORS

2016-401

$20,000

GPS - 1

2016-402

$340


DEPARTMENT 50

EMERGENCY, SPECIALTY & SHOP TOOLS

2016-501

$15,000

GPS - 9

2016-502

$3,057

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IMMOKALEE WATER & SEWER DISTRICT

FISCAL YEAR 2016 BUDGET


SOURCES AND USES OF FUNDS


2015


2016


2016

ACTUAL

ADOPTED

AMENDED

SOURCES OF FUNDS

Charges for Services

Water Sales

$2,723,616

$2,746,367

$2,746,367

Wastewater Charges

4,689,555

4,739,810

4,739,810

Meter Service Charges

585,006

594,000

594,000

Reconnection and Transfer Fees

103,275

105,431

105,431

Miscellaneous Charges and Fees

55,613

50,000

50,000

Late Fees

84,190

86,879

86,879

Cross Connection Control fee

296,521

306,258

306,258

Total Charges for Services

$8,537,776

$8,628,744

$8,628,744

Non-Operating Revenue

Interest Income

$47,692

$50,000

$50,000

Interest Income - Assessments

0

0

0

Assessment Interest Income

0

5,435

5,435

Contributed Capital - Grant- FDEP

0

0

0

Contributed Capital - Grant- USDA

380,506

0

0

Contributed Capital - Customers

96,660

30,000

30,000

Contributed Capital - Developer

408,417

70,000

70,000

Debt Proceeds - USDA

0

Debt Proceeds - FDEP

0

0

0

Debt Proceeds - FCB

0

0

0

Other Non-Operating Revenue

42,444

42,809

42,809

Master Plan

Grant / Insurance Proceeds

0

0

Total Non-Operating Revenue

$975,719

$198,244

$198,244

TOTAL SOURCES OF FUNDS

$9,513,495

$8,826,988

$8,826,988

USES OF FUNDS

Operations and Maintenance

Water Treatment and Distribution

$1,634,914

$1,867,838

$1,912,838

Wastewater Treatment

1,529,244

1,677,546

1,717,546

Wastewater Collection

653,469

711,981

711,981

Customer Service and Administration

1,058,560

1,516,471

1,543,971

Maintenance Department

346,322

645,202

645,202

Depreciation

1,737,470

1,600,000

1,820,763

Total O & M Expenditures

$6,959,978

$8,019,037

$8,352,300

Capital Expenditures

Water Treatment and Distribution

$505,077

$65,000

$65,000

Wastewater Treatment

0

0

0

Wastewater Collection

265,619

35,000

35,000

Customer Service and Administration

0

0

0

Maintenance Department

0

0

0

Total Capital Expenditures

$770,696

$100,000

$100,000

Debt Service

Principal

$572,646

$596,845

$598,468

Interest

757,902

737,262

735,639

Total Debt Service

$1,330,548

$1,334,108

$1,334,108

Funds Balance


$1,803,970


$1,076,410


$666,497

Undesignated

Previous Designated Balance Forward

$5,520,741

$5,694,028

$5,903,842

Additions

$1,968,269

$1,506,229

$2,206,306

Reductions

($1,585,168)

($1,332,159)

($2,737,473)

Total Designated Funds

$5,903,842

$5,868,098

$5,372,674

Other Uses of Funds

Arrowhead Assessment Discount

36

Bad Debt Expense

31,249

35,000

35,000

Loss on Disposal of Assets

1,914

25,000

25,000

Total Other Uses of Funds

$33,199

$60,000

$60,000

TOTAL USES OF FUNDS

$9,094,421

$9,513,145

$9,846,407

EXCESS (DEFICIENCY) OF SOURCES OVER USES OF FUNDS

$419,074

($686,156)

($1,019,419)

TRANSFER (TO) FROM RESERVES TO BALANCE BUDGET

($419,074)

$686,156

$1,019,419

$0

$0

$0


Page # 2 of 18


OPERATIONS

AND

MAINTENANCE


Page 3 of 18

IMMOKALEE WATER & SEWER DISTRICT

FISCAL YEAR 2016 BUDGET

OPERATIONS AND MAINTENANCE EXPENDITURES

PROGRAM 1000 - Water Treatment and Distribution


CODE


DESCRIPTION


2015


2016


2016

ACTUAL

ADOPTED

AMENDED


1100


Salaries and Wages


$564,474


$641,302


$641,302

1410

Overtime

15,848

80,922

80,922

2110

FICA

44,984

55,250

55,250

2540

Unemployment Taxes

2,521

2,441

2,441

2200

Employer Pension Contribution

32,340

38,478

38,478

2310

Health/Life Insurance

200,888

235,932

235,932

2430

Workers Compensation

23,700

26,000

26,000

4010

Travel and Training

20,240

26,000

26,000

4110

Telephone and Fax

7,426

6,424

6,424

4350

Electric---All Other

165,844

168,253

168,253

4510

General Liability Insurance

16,595

18,586

18,586

4530

Comprehensive Auto Insurance

8,776

9,829

9,829

4590

Other Insurance

85,031

95,235

95,235

4640

Repairs & Maintenance

131,744

106,920

151,920

4630

Other Contract Services

27,918

25,704

25,704

5220

Vehicle Fuel

33,583

37,821

37,821

4650

Vehicle Maintenance

16,459

20,967

20,967

3310

Licenses and Permits

7,592

4,125

4,125

5240

Chemicals

86,633

103,635

103,635

5340

Other Materials

114,131

131,741

131,741

5280

Laboratory Fees

25,135

27,143

27,143

5270

Uniforms/Clothing Allowance

2,211

3,900

3,900

5410

Memberships/Periodicals/Books

840

1,228

1,228


COLUMN TOTALS


$1,634,914


$1,867,838


$1,912,838


Calculations for expenses use estimated increases in costs in the amount of 4%, with the following exceptions:

Payroll type expenses are calculated at actual, including allowances for Schedule A raises.

Training increased to $2,000 per employee

Uniform expenses reflect $200 allowance for uniform and $100 for shoe allowance per employee.

Electric, Chemicals & Vehicle Fuel are calculated at 10% increase

Laboratory fees & Repairs & Maintenance budgeted figures are adjusted to reflect 3 year actual/projected average plus cola

IMMOKALEE WATER & SEWER DISTRICT

FISCAL YEAR 2016 BUDGET

OPERATIONS AND MAINTENANCE EXPENDITURES

PROGRAM 2000 - Wastewater Treatment


CODE


DESCRIPTION


2015


2016


2016

ACTUAL

ADOPTED

AMENDED


1110


Salaries and Wages


$515,107


$503,639


$503,639

1410

Overtime

9,327

25,324

25,324

2110

FICA

39,367

40,466

40,466

2540

Unemployment Taxes

2,057

2,284

2,284

2200

Employer Pension Contribution

24,721

30,218

30,218

2310

Health/Life Insurance

140,270

164,512

164,512

2430

Workers Compensation

12,470

15,393

15,393

4010

Travel and Training

6,837

18,000

18,000

4110

Telephone and Fax

2,473

3,570

3,570

4350

Electric

279,380

266,124

266,124

4370

Section 8 Electric

9,933

15,656

15,656

4510

General Liability Insurance

16,595

18,586

18,586

4530

Comprehensive Auto Insurance

4,387

4,913

4,913

4590

Other Insurance

80,029

100,832

100,832

4920

Section 8 Field Maintenance

0

15,443

15,443

4640

Repairs & Maintenance

98,763

106,281

106,281

4660

Section 8 Repairs

15,724

13,952

13,952

4630

Other Contract Services

16,659

28,236

68,236

5220

Vehicle Fuel

10,609

13,449

13,449

4650

Vehicle Maintenance

13,195

14,072

14,072

3310

Licenses and Permits

1,275

11,747

11,747

5240

Chemicals

49,947

54,478

54,478

5340

Other Materials

40,757

38,929

38,929

5280

Laboratory Fees

35,283

28,727

28,727

4910

Residuals Management

102,367

139,700

139,700

5270

Uniforms/Clothing Allowance

960

2,400

2,400

5410

Memberships/Periodicals/Books

750

613

613


COLUMN TOTALS


$1,529,244


$1,677,546


$1,717,546


Calculations for expenses use estimated increases in costs in the amount of 4%, with the following exceptions:

Payroll type expenses are calculated at actual, including allowances for Schedule A raises.

Additional Service Tech Position was added in 2014

Training increased to $2,000 per employee

Uniform expenses reflect $200 allowance for uniform and $100 for shoe allowance per employee.

Chemicals & Vehicle Fuel are calculated at 10% increase

Repairs & Maintenance, Laboratory Fees & Other Materials budgeted figures are adjusted to reflect 3 year actual/projected average plus cola

Electric costs increased to reflect Schwing Bioset System and new WWTP

Residuals Management reduced to reflect cost savings by Schwing Bioset system.

Page 5 of 18

Page 5 of 18

IMMOKALEE WATER & SEWER DISTRICT

FISCAL YEAR 2016 BUDGET

OPERATIONS AND MAINTENANCE EXPENDITURES

PROGRAM 3000 - Wastewater Collection Dept.


CODE


DESCRIPTION


2015


2016


2016

ACTUAL

ADOPTED

AMENDED


1110


Salaries and Wages


$286,305


$300,363


$300,363

1410

Overtime

14,582

30,361

30,361

2110

FICA

22,725

25,300

25,300

2540

Unemployment Taxes

945

1,049

1,049

2200

Employer Pension Contribution

16,261

18,022

18,022

2310

Health/Life Insurance

95,003

98,643

98,643

2430

Workers Compensation

7,698

9,624

9,624

4010

Travel and Training

8,551

12,000

12,000

4110

Telephone and Fax

1,838

2,069

2,069

4350

Electric

37,077

38,836

38,836

4510

General Liability Insurance

16,595

18,586

18,586

4530

Comprehensive Auto Insurance

5,118

5,732

5,732

4590

Other Insurance

1,250

1,400

1,400

4640

Repairs & Maintenance

59,922

62,349

62,349

4630

Other Contract Services

2,833

1,977

1,977

5220

Vehicle Fuel

13,981

15,278

15,278

4650

Vehicle Maintenance

24,177

27,504

27,504

3310

Licenses & Permits

290

8,306

8,306

5240

Chemicals

0

1,596

1,596

5340

Other Materials

36,879

30,781

30,781

5270

Uniforms/Clothing Allowance

918

1,800

1,800

5410

Memberships/Periodicals/Books

520

405

405


COLUMN TOTALS


$653,469


$711,981


$711,981


Calculations for expenses use estimated increases in costs in the amount of 4%, with the following exceptions:

Payroll type expenses are calculated at actual, including allowances for Schedule A raises.

Additional Service Tech Position was added in 2014

Training increased to $2,000 per employee

Uniform expenses reflect $200 allowance for uniform and $100 for shoe allowance per employee.

Repairs & Maintenance budgeted figures are adjusted to reflect 3 year actual/projected average plus cola + $20,000

Other Materials budgeted figures are adjusted to reflect 3 year actual/projected average plus cola

Electric, Chemicals & Vehicle Fuel are calculated at 10% increase

IMMOKALEE WATER & SEWER DISTRICT

FISCAL YEAR 2016 BUDGET

OPERATIONS AND MAINTENANCE EXPENDITURES

PROGRAM 4000 - Customer Service / Administration


CODE


DESCRIPTION


2015


2016


2016

ACTUAL

ADOPTED

AMENDED


1110


Salaries and Wages


$500,114


$606,719


$606,719

1410

Overtime

1,135

3,572

3,572

2110

FICA

36,355

46,687

46,687

2540

Unemployment Taxes

1,697

1,862

1,862

2200

Employer Pension Contribution

29,032

36,403

36,403

2310

Health/Life Insurance

134,367

153,040

153,040

2430

Workers Compensation

374

1,282

1,282

3120

Legal Services

41,299

43,000

43,000

3130

Legal Services - Sewer Assessments

0

0

0

3130

Other Professional Services

788

1,500

29,000

3210

Accounting/Auditing

34,500

44,000

44,000

3140

Engineering Services

81,896

287,780

287,780

3140

Engineering Services - SRF

0

0

0

4010

Travel and Training

17,815

34,000

34,000

4110

Telephone and Fax

3,669

3,961

3,961

4210

Postage & Freight

38,152

44,434

44,434

4510

General Liability Insurance

3,278

3,671

3,671

4530

Comprehensive Auto Insurance

731

819

819

4590

Other Insurance

29,473

33,010

33,010

4630

Other Contract Services

509

36,069

36,069

4640

Repairs & Maintenance

32,178

22,162

22,162

5220

Vehicle Fuel

255

369

369

4650

Vehicle Maintenance

2,373

790

790

5130

Office Supplies

19,592

27,423

27,423

4930

Misc. Office Expense

33,585

35,682

35,682

4930

Misc. Bank Fees

8,234

9,337

9,337

4930

Misc. Expense

-6,546

735

735

4930

Arrowhead Assessment Exp.

0

3,000

3,000

4930

Advertising

5,580

3,628

3,628

Board Member Pay

0

21,000

21,000

3310

Licenses and Permits

175

1,459

1,459

5410

Memberships/Periodicals/Books

7,947

9,078

9,078


COLUMN TOTALS


$1,058,560


$1,516,471


$1,543,971


Calculations for expenses use estimated increases in costs in the amount of 4%, with the following exceptions:

Amended budget changes include additional $30,000 for a rate study.

Payroll type expenses are calculated at actual, including allowances for Schedule A raises.

Changed Payscale position titles and added extra line items for 3 Clerk positions (Annual Cost $18,481 including benefits)

Training increased to $2,000 per employee

Legal fees are based on the contract dated 04/30/96, with $500 increase in 2003, 2007, and 2015, and allowances for up to $7,000 in additional service

Accounting & Auditing includes estimate for new fees related to Arrowhead Assessment

Engineering fees are based on the new contract amount with G&H + $203,000 for additional studies

Vehicle Fuel is calculated at a 10% increase

Repairs & Maintenance budgeted figures are adjusted to reflect 3 year actual/projected average plus cola

Page 7 of 18

Page 7 of 18

IMMOKALEE WATER & SEWER DISTRICT

FISCAL YEAR 2016 BUDGET

OPERATIONS AND MAINTENANCE EXPENDITURES

PROGRAM 5000 - MAINTENANCE


CODE


DESCRIPTION


2015


2016


2016

ACTUAL

ADOPTED

AMENDED


1110


Salaries and Wages


$162,565


$356,948


$356,948

1410

Overtime

1,036

26,025

26,025

2110

FICA

12,229

29,297

29,297

2540

Unemployment Taxes

451

799

799

2200

Employer Pension Contribution

15,982

21,417

21,417

2310

Health/Life Insurance

90,638

123,515

123,515

2430

Workers Compensation

7,686

11,145

11,145

4010

Travel and Training

3,148

12,000

12,000

4110

Telephone and Fax

1,787

1,700

1,700

4510

General Liability Insurance

2,255

2,526

2,526

4530

Comprehensive Auto Insurance

5,118

5,732

5,732

4640

Repairs & Maintenance

6,187

9,471

9,471

4630

Other Contract Services

1,043

2,991

2,991

5220

Vehicle Fuel

7,945

11,031

11,031

4650

Vehicle Maintenance

10,617

12,103

12,103

3310

Licenses and Permits

40

1,133

1,133

5340

Other Materials

16,131

15,105

15,105

5270

Uniforms/Clothing Allowance

819

1,800

1,800

5410

Memberships/Periodicals/Books

645

465

465


COLUMN TOTALS


$346,322


$645,202


$645,202


Calculations for expenses use estimated increases in costs in the amount of 4%, with the following exceptions:

Payroll type expenses are calculated at actual, including allowances for Schedule A raises.

Training increased to $2,000 per employee

Uniform expenses reflect $200 allowance for uniform and $100 for shoe allowance per employee.

Vehicle Fuel is calculated at a 10% increase

Repairs & Maintenance & Other Materials budgeted figures are adjusted to reflect 3 year actual/projected average plus cola

Additional Maintenance Tech 1 position for 2015

Payroll expenses (except for the supervisor) are allocated to other departments, as time is used.


CAPITAL

OUTLAY

IMMOKALEE WATER & SEWER DISTRICT

FISCAL YEAR 2016 BUDGET


WATER TREATMENT AND DISTRIBUTION


CAPITAL

CAPITAL OUTLAY

PROPOSAL

2015

2016

2016

NUMBER

ACTUAL

ADOPTED

AMENDED


OTHER CAPITAL & EMERGENCY FUNDS*


68,659


68,659

ON GOING METER REPLACEMENT FUND

2016-101

134,892

100,000

100,000

(2) F150 REGULAR CAB

2016-102

56,924

56,924

GPS - 14

2016-103

4,755

4,755

SCADA - WATER PLANTS (3)

2016-104

40,000

40,000

(2) F150 REGULAR CAB

2015-102

45,720

(1) ELECTRIC GATE - CARSON WATER PLANT

2015-103

0

10,983

MINI TAKEUCHI EXCAVATOR AND TRAILER

2015-104

59,994

COMPUTERS (6) PLUS INSTALLATION

2015-105

4,052

NEW AC JVW PLANT

11,775

AC REPLACEMENT WATER PLANT OFFICE

5,975

IMMOKALEE DRIVE - QUALITY ENT/ENGINEERING & PERMIT

204,306

CARPORT

2,353

AC & UNDERSIZED LINES -1,2,3,& 4 (ENGINEERING & PERMITTING)

LAKE TRAFFORD RD/19TH REPLACE AC LINE

180,000

MADISON & HERITAGE LOOP

70,000

PROJECTS FINANCED FROM RESERVE FUNDS -PG 18

-469,068

-270,338

-531,321


FDEP SRF LOAN


0

Contributed Capital - Developer

408,417

35,000

35,000

Contributed Capital - Customer

96,660

30,000

30,000


TOTALS


505,077


65,000


65,000

IMMOKALEE WATER & SEWER DISTRICT

FISCAL YEAR 2016 BUDGET


WASTEWATER TREATMENT


CAPITAL

CAPITAL OUTLAY

PROPOSAL

2015

2016

2016

NUMBER

ACTUAL

ADOPTED

AMENDED


OTHER CAPITAL & EMERGENCY FUNDS*


0


59,248


59,248

F150 4X4

2016-201

30,739

30,739

GPS - 7

2016-202

2,377

2,377

FENCING

43,061

DIW PIPING + ENGINEERING

16,519

164,943


EXTRA SPREADER FOR BIOSET


2015-201


45,931

4X4 ALL TERRAIN UTILITY VEHICLE

2015-202

CLARIFIER REPAIR


CARPORTS FOR EQUIPMENT


2014-202


5,018

BEAMS

10,000

PROJECTS FINANCED FROM RESERVE FUNDS -PG 18

-77,468

-92,364

-300,368

USDA FUNDED PROJECT LOAN (CIP)

0

0

USDA FUNDED PROJECT GRANT *

0

0


WWTP MONITORING WELLS


TOTALS


$0


$0


$0

IMMOKALEE WATER & SEWER DISTRICT

FISCAL YEAR 2016 BUDGET


WASTEWATER COLLECTION


CAPITAL

CAPITAL OUTLAY

PROPOSAL

2015

2016

2016

NUMBER

ACTUAL

ADOPTED

AMENDED


OTHER CAPITAL & EMERGENCY FUNDS*


0


59,248


59,248

MANHOLE REPLACEMENT

50,000

50,000

LIFT STATION REPLACEMENT PARTS-ONGOING

2016-301

40,000

40,000

F250 TRUCK WITH UTILITY BODY

2016-302

29,604

29,604

LIFT STATION SCADA SYSTEM

2016-303

30,000

30,000

GPS - 8

2016-304

2,717

2,717

LIFT STATION REHAB Q & X4

2016-305

91,000

180,000

LIFT STATION REPLACEMENT PARTS-ONGOING

2015-301

0

BOOM TRUCK WITH HYDRAULIC CRANE

2015-302

76,498

LIFT STATION SCADA SYSTEM (5)

2015-303

33,403

PORTABLE GENERATOR

2015-304

23,957

SEWER CAMERA

2015-305

12,147

LIFT STATION X2 & W CELLULAR BASED RTU

6,032

IMMOKALEE DR /SEWER LATERALS

21,192

CARPORTS FOR EQUIPMENT

4,845

SEWER REHAB

LIFT STATION REHAB Q & X4

CIP

HIGH PRIORITY SEWER LINE REHAB #2 FWV

249,000

LIFT STATION W FORCEMAIN

172,700

PROJECTS FINANCED FROM RESERVE FUNDS -PG 18

-178,074

-302,569

-813,269

USDA FUNDED PROJECT LOAN

USDA FUNDED PROJECT GRANT

Contributed Capital Developer-

265,619

35,000

35,000


TOTALS


$265,619


$35,000


$35,000

IMMOKALEE WATER & SEWER DISTRICT

FISCAL YEAR 2016 BUDGET


CUSTOMER SERVICE / ADMINISTRATION


CAPITAL

CAPITAL OUTLAY

PROPOSAL

2015

2016

2016

NUMBER

ACTUAL

ADOPTED

AMENDED


OTHER CAPITAL & EMERGENCY FUNDS*


0


29,700


29,700

ADMIN OFFICE REPAIRS - LOBBY & DOORS

2016-401

20,000

20,000

GPS - 1

2016-402

340

340


TAPE BACKUP ON FILE SERVER


2,956

BILLMASTER UPGRADE TO ONLINE PAYMENTS

2,000

PROJECTS FINANCED FROM RESERVE FUNDS -PG 18

-4,956

-50,040

-50,040

USDA FUNDED PROJECT LOAN

USDA FUNDED PROJECT GRANT *


TOTALS


0


0


0

IMMOKALEE WATER & SEWER DISTRICT

FISCAL YEAR 2016 BUDGET


MAINTENANCE


CAPITAL

CAPITAL OUTLAY

PROPOSAL

2015

2016

2016

NUMBER

ACTUAL

ADOPTED

AMENDED


OTHER CAPITAL & EMERGENCY FUNDS*


0


5,000


5,000

EMERGENCY, SPECIALTY & SHOP TOOLS

2016-501

15,000

15,000

GPS - 9

2016-502

3,057

3,057


TRAILER


2015-502


6,098


CARPORT ROOF


4,845


0


0

PROJECTS FINANCED FROM RESERVE FUNDS -PG 18

-10,943

-23,057

-23,057


TOTALS


$0


$0


$0



DEBT


SERVICE

IMMOKALEE WATER & SEWER DISTRICT

FISCAL YEAR 2016 BUDGET


DEBT SERVICE EXPENDITURES


2015


2016


2016

ACTUAL

ADOPTED

AMENDED


DEBT SERVICE EXPENDITURES

SERIES A REVENUE BONDS

Principal

90,000

100,000

100,000

Interest

32,000

27,500

27,500

SERIES B REVENUE BONDS

Principal

37,000

34,000

34,000

Interest

11,400

9,550

9,550

SERIES 1985 REVENUE BONDS

Principal

21,000

22,000

22,000

Interest

15,398

14,348

14,348

SERIES 1989 REVENUE BONDS

Principal

97,000

102,000

102,000

Interest

125,300

120,450

120,450

SERIES 1990 REVENUE BONDS

Principal

6,000

7,000

7,000

Interest

8,350

8,050

8,050

SERIES 1996 REVENUE BONDS

Principal

91,000

96,000

96,000

Interest

168,920

164,256

164,256

SERIES 1998 REVENUE BONDS

Principal

15,000

16,000

16,000

Interest

28,980

28,305

28,305

SERIES 2001 REFUNDING BONDS (USDA)

Principal

38,000

40,000

40,000

Interest

86,760

85,050

85,050

CAPITAL LEASE PAYMENTS

Principal

0

0

0

Interest

0

0

0

SERIES 2008 REVENUE BONDS (USDA)

Principal

45,000

47,000

47,000

Interest

138,644

136,675

136,675

SERIES 2013 REVENUE BONDS (USDA)

Principal

48,000

49,000

49,000

Interest

121,974

122,100

122,100

SERIES 2013 REVENUE BONDS (USDA)- Assessment

Principal

53,045

53,049

53,045

Interest

3,183

3,183

3,183

FLORIDA COMMUNITY BANK - WWTP CONST. LOAN

Principal

0

0

0

Interest

0

0

0

FDEP LOAN DW110120

Principal

15,902

16,943

17,880

Interest

9,915

10,377

9,440

FDEP LOAN DW110121

Principal

15,699

13,857

14,543

Interest

7,079

7,417

6,732

FDEP LOAN DW11014

Principal

0

Interest

0

Total Principal

572,646

596,849

598,468

Total Interest

757,902

737,262

735,639


TOTAL DEBT SERVICE EXPENDITURES


$1,330,548


$1,334,112


$1,334,108

IMMOKALEE WATER & SEWER DISTRICT

FISCAL YEAR 2016 BUDGET


DEBT SERVICE RESERVES


2015


2016


2016

ACTUAL

ADOPTED

AMENDED


DEBT SERVICE RESERVES

SERIES A REVENUE BONDS

Annual Reserve

0

0

0

Reserve Balance

151,008

151,008

151,008

SERIES B REVENUE BONDS

Annual Reserve

0

0

0

Reserve Balance

20,592

20,592

20,592

SERIES 1985 REVENUE BONDS

Annual Reserve

0

0

0

Reserve Balance

37,680

37,680

37,680

SERIES 1989 REVENUE BONDS

Annual Reserve

0

0

0

Reserve Balance

404,518

404,518

404,518

SERIES 1990 REVENUE BONDS

Annual Reserve

0

0

0

Reserve Balance

27,931

27,931

27,931

SERIES 1996 REVENUE BONDS

Annual Reserve

0

0

0

Reserve Balance

426,868

426,868

426,868

SERIES 1998 REVENUE BONDS

Annual Reserve

0

0

0

Reserve Balance

31,500

31,500

31,500

SERIES 2001 REVENUE BONDS

Annual Reserve

0

0

0

Balance

52,250

52,250

52,250

SERIES 2008 REVENUE BONDS (USDA)

Annual Reserve

18,372

18,372

18,372

Balance

128,604

146,976

146,976

SERIES 2013 REVENUE BONDS (USDA)

Annual Reserve

20,000

20,000

20,000

Balance

43,333

63,333

63,333

LESS

BALANCE IN SPECIAL RESTRICTED RESERVE

165,900

165,900

165,900

Total Annual Reserves

38,372

38,372

38,372

Reserve Balance

1,158,384

1,196,756

1,196,756

IMMOKALEE WATER & SEWER DISTRICT

FISCAL YEAR 2016 BUDGET


Unrestricted Net Assets


2015


2016


2016

ACTUAL

ADOPTED

AMENDED


Designated Funds


100,000


100,000


100,000

Designated for emergencies

Additions to fund

Reductions to fund

Net emergency fund

860,000

960,000

960,000

Designated for operations (6 months)


37,494


536,174


56,251

Additions to fund

Reductions to fund

Net operation funds

2,673,344

3,209,518

3,265,768

Designated for vehicle replacement

Additions to fund

195,720

100,000

100,000

Reductions to fund

(172,218)

(117,267)

(117,267)

Net vehicle replacement fund

276,353

235,584

218,317


Designated for capital equipment

Additions to fund

1,395,000

530,000

1,710,000

Reductions to fund

(1,412,950)

(528,736)

(1,600,787)

Net capital/equipment fund

191,103

192,367

300,316


Designated for maintenance reserve


240,055


240,055


240,055

Additions to fund

Reductions to fund

Net maintenance reserve

1,903,042

2,143,097

2,143,097


Transfer to operations


0


(686,156)


(1,019,419)

Undesignated

1,803,970

1,076,410

666,497

Total Designated funds

5,903,842

6,740,566

6,887,499

Undesignated funds

1,803,970

1,076,410

666,497

Total additions

1,968,269

1,506,229

2,206,306

Total reductions

(1,585,168)

(1,332,159)

(2,737,473)

Balance unrestricted net assets

7,707,812

7,130,820

6,534,576


PASSED AND DULY ADOPTED by the Board of Commissioners of the IMMOKALEE WATER AND SEWER DISTRICT, this 16th day of March 2016.


BOARD OF COMMISSIONERS IMMOKALEE WATER AND SEWER DISTRICT


BY: BY:

Joseph Brister Bonnie Keen

Chairman Secretary