HomeMy WebLinkAbout2011-1111-12/5/2011 RESOLUTION NO. 2011-1111
RESOLUTION APPROVING THE CALENDAR YEAR 2012
WATERLOO WATER WORKS BUDGET.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO,
IOWA:
Section 1 . Following notice published November 7, 2011 of the
public hearing held on December 05, 2011, the Waterloo Water Works
Calendar Year 2012 Budget is approved as follows:
BUDGET RE-ESTIMATED ACTUAL
REVENUES & OTHER FINANCING SOURCES CY 2012 CY 2011 CY 2010
Use of Money and Property
Charges for Services $7, 073, 940 $6, 576, 120 $6,273, 641
Miscellaneous $614,750 $599, 150 $701, 412
Operating Transfers In
Proceeds of Long Term Debt/FEMA $351,835 $59,702
Proceeds of Fixed Asset Sales
Total Revenues & Other Financing
Sources $7, 688, 690 $7,527, 105 $7, 034, 755
EXPENDITURES AND TRANSFERS OUT
Expenditures $10, 811,291 $6,766, 508 $6, 545, 486
Transfers Out
Total Expenditures & Transfers
Out $10, 811,291 $6, 766, 508 $6, 545, 486
Excess of Revenues & Other Sources
Over (under) Expenditures &
Transfers Out $ (3, 122, 601) $760, 597 $489,269
Beginning Fund Balance as
originally reported $4, 300, 182 $3, 539, 585 $3, 050, 316
Adjustment to actual
Beginning Fund Balance as
restated January 1
Ending Fund Balance December 31 $1, 177, 581 $4, 300, 182 $3, 539, 585
PASSED AND ADOPTED this 5th day of December, 2011 .
rnest G. Clark, Mayor
ATTEST:
S Sc ares, City Clerk