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Home My WebLink About2015-934-12/7/2015' Y Prepared by Kelley ..Felchle, Deputy City Clerk, City of Waterloo, ,, 715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323 . RESOLUTION NO. 2015-934.' RESOLUTION APPROVING THE 2016 BUDGET OF THE WATERLOO WATER WORKS, AND AUTHORIZING THE CITY CLERK TO FILE SAID DOCUMENTS WITH THE BLACK HAWK COUNTY AUDITOR. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WATERLOO, IOWA: Section 1 . Following notice published on November 12, 2015 of the public hearing on November 25, 2015,,. the Waterloo Water Works Calendar Year 2016 Budget is approved and attached to this resolution. PASSED AND ADOPTED this 7th day of December 2015 . Ernest G. Clark, Mayor ATTEST: 5 Suzy Schres, CMC City Cle k a Department of Management ADOPTED BUDGET CERTIFICATE CERTIFICATION To: Waterloo City Council At a meeting of the Waterloo Water Works Board of Trustees, held after public hearing as required by law, (Governing Board) Can November 25,20.15,the proposed budget for calendar year 2016 was adopted as summarized and attached hereto. Telephone Area Code (319)232-6280 Dennis.D. Clark. . Board Secretary Address P.O. Box 27, 325 Sycamore Street Waterloo, Iowa Zip 50704- Record 0704Record of Public Hearing and Adoption of Budget: On November 25, 2015, Waterloo Water Works Board of Trustees met for the purpose of conducting a public hearing on the proposed CY 2016 budget as published. Notice of time and place of hearing had been published on November 12, 2015 rin the Waterloo::Courier and the affidavit of publication was available to file with the City Council, The budget estimate was considered and taxpayers and residents heard for and against said estimate were as follows: No oral or written comments'were received. 7 After giving opportunity for all desiring to be heard, the Board adopted the following budget resolution: A RESOLUTION ADOPTING THE BUDGET FOR THE CALENDAR YEAR ENDING DECEMBER 31, 2016. BE IT RESOLVED by the Waterloo Water Works Board of Trustees: The budget for calendar year ending December 31. 201 asset forth in the Adopted Budget Summary and in the detailed budget in support thereof showing the estimated revenues and expenditures for said calendar year is adopted, and the Secretary is directed to make the filing required by law and to set up the books in accordance with the summary and detail as adopted. a r Passed and approved on November 25, 2015, by the following vote: (list names) Ayes: Kuntz Nay-,.;. None Potter Vltienands ent: Norte Orr Chairperson erry Kuntz riy»7 Attest: Secretary Dennis D. Clark Department of Management ADOPTED`BUDGET SUMMARY CALENDAR YEAR 2016 WATERLOO WATER WORKS i NAME OF ENTERPRISE Budget Re-Estimated Actual REVENUES&OTHER FINANCING SOURCES CY 2016 CY 2015 CY 2014 Use of Mone -and Property (line 398) 241 271 301 Char es for Services (line 414) 243 $ 8,920,000 273 $8,534,962 303 $7,913,886 i Miscellaneous pine 416) 245 $ 698,000 275 $ 703,801 305 $ 794,749 GperatiN Transfers In (line 417) 247 277 307 Proceeds of Long Term Debt/FEMA _(line 418) 248 278 308 Proceeds of Fixed Asset Sales pine 419) 249 279 309 Total Revenues&Other Finarrcirl ;Sources 250 $ 9,618,000 280 $9,238,763 310 $8,708,635 EXPENDITURES&TRANSFERS OUT :Expenditures (line 386) 255 $11,686,090 285 $7,759,303315 $9,089,419 Transfers Out {iihe 387) 259 289 319 Total Expenditures&Transfers Out 260 $11,686,090 290 $7,759,303 320 $8,089,419 Excess of Revenues&Other Sources Over(undeo Expenditures&Transfers Out 261 $(2,068,090) : 291 $ 1,479,460 321 $ 380,784. I Be inning Fund Balance as ori2inally reported, (line 390) 1 262 $ 5,829,367 292 $4,34 322 $4,730,69 Ad ustment to actual Beginning Fund Balance as restated January 1 Ending Fund Balance December 31 (line 388) 263 $ 3,761,277 293 $5,829,367 323 $4,349,907 (line XXX)is line reference from the detail page w Department of Management WATERLOO WATER WORKS NAME OF ENTERPRISE RESOURCES_ DETAIL CALENDAR YEAR 2016 Budget Re-Estimated Actual' j. CY 2016 CY 2015 CY 2014 Be innin Fund'Balance,Januaryl 390 $ 5,829,367 $ 4,349,907 $ 4,730,691 Use of Money& Pra ert 398 Charges for Services: Hospital , 411 Water 404 $ 8,920,000 $ 8,534,962 $ 7,913,886 Sewer 405 Electric 406 j Gas 407 Total Charges for Services - 414 Miscellaneous 416 $ 698,000 $ 703,801 $ 794,749 Other Financing Sources: Operatim Transfers In 417 Proceeds of Long Term 418 Debt/FEMA Proceeds of Fixed Asset Sales 419 Total Resources 421 $15,447,367 $13,588,670 $13,439,326 4 � r REQUIREMENTS DETAIL i . i Budget Re-Estimated Actual CY 2016 CY 2015 CY 2014 Expenditures: I Hos ital 338 Water 360 $11,686,090 $ 7,759,303 $ 9,089,419 Sewer 357 Electric 361 Gas 362 Total EX enditures: 386 $11,686,090 $ 7,759,303 $ 9,089,419. Transfers Out 387 i Ending Fund Balance December 31 388 $ 3,761,277 $ 5,829,367 $ 4349,907 Total Requirements 389 $15,447,367 $13,588,670 $13,439,326 f 4([ I s 1 , , i o ATE �F IUWA Ido solemnly swear that the annexed copy of legal ST , Waterloo Water Works 2016 Budget Estimate Black 'Hawk County, SS Notice was published in the Waterloo-Cedar Falls Courier, a daily,.newspaper printed in Waterloo, Black Hawk County, Iowa, once commencing on the 12th day of November,2015 in the name of said r newspaper, and;that the annexed rate of advertised is the regular legal rate of said newspaper, and that the NOTII;E OFPUBt.1C IiBARING' stiowp below. Budget Estltt#1l�eie Coples of the Wtalled proposed 2016 following is a correct bill for publishing said notice. VYeterloo Water AN6rks,Wolof o4,town- budget may be-obtaind or Viewed e No- o p1,Enterprll>E The Waterloo Water the office of the Waterloo Waley Works, Works Bgard a1 IYlrstoes will conduct a $25 Sycanioro Slreat,"Watstioo, Iowa: pubAchoarlhg en(Governing Beard)the Ai the pubHa hearfnf6 anY resldent May tI+ proposed cefendor.year 2416 t-u et at presen ob)t at[ons to,or argumohts.ln Printer's $25.75 rile Waterloo Wgtvr Works OfOoe,;.326 gavor ot,airy pert bi the proposed dud• Syeanlore Sireet on Noverirb* 2015, 00 0¢IovlcA•M,i4' s November 6,2018 beglnnlpg at B The Budget 6s11tngtir Summary of pro-%/s!Dennis D.Clark Secretary posed revenues'arid'expenditures Is BUDGET ESTIMATE SUMMARY Budget° Re-esUmated Actpat Revenue&other Flna&lil Sources 2010. 9.015' 2014-. Use 6fmdneyandproperty -, -,-.Use Charge's far servloes-• $BA20 000 51,5311962 $7 913 686 p Mlscelfan`eou`a 1 5 8 000 ',_ S 703901 $--794749 Offer FlnanGng Sources, Total Revenues&Flnancing Saurces S 8,8 f8 000 8238 783 $8"708 935 Expenditures&Transfers Out - � F Subscribed and sworn to before me this Expandftures 511 MAN �_S 759 303 9,089 419 �Uyt jr{ Tren`sfer0 mll Day of � ( 't /s a_ 'Total Ezpendllures&Transfers Oul 511.686 0911- 5 7,769 303 $9f1e9 419-: A.D. ZO Excess`of Ravenu s$other Sources - - -`^••,, (+)(-)Expenditures&Transfers Out $2,088,0901. S 4;479,460 •5_ 380.784 , Beginning Fund Balance as originally $5,829,36 $4,39,907, $4,730,691 reported hj Endln9 Fund Balance' December 31 S 3.781.277 S 5,B29 367 ._ $4.349907 Notary Public Received of I , r the sum of j Dollars. In full for publication of the above notice. —M—CV1 TR Ell E LAY �pN Ni;78?A13 � . i I t