HomeMy WebLinkAbout2025 Adopted Budget Certificate Aug-14
ADOPTED BUDGET CERTIFICATE
To: Waterloo City Council
At a meeting of the Telecommunications Utility Board of Trustees ,held after public hearing as
(Governing Board)
required by law,on 11/25/2024 ,the proposed budget for 2025
(xx/xx/xx) (specify fiscal or calendar and year)
was adopted as summarized and attached hereto.
Telephone
Area Code 319-291-4323 -e 646"---- Board Secretary
(signature)
ddress 715 Mulberry Street
Waterloo, IA 50703
Record of Public Hearing and Adoption of Budget:
On 11/25/24 ,the Telecommunications Utility Board of Trustees met for the purpose
(co,fco/xx)
of conducting a public hearing on the proposed 2025 budget as published.Notice of time and place of
(specify fiscal or calendar and year)
hearing had been published on 11/14/2024 in the Waterloo Cedar Falls Courier and the affidavit of publication
(xx/xx/xx) (newspaper)
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.
After giving opportunity for all desiring to be heard,the Board adopted the following budget resolution:
A RESOLUTION ADOPTING THE BUDGET FOR Calendar 2025 YEAR ENDING 12/31/2025
(specify fiscal or calendar) (xx/xx/xx)
BE IT RESOLVED by the -elecommunications Utility Board of Trustee:The budget for Calendar 2025
(specify fiscal or calendar)
ending 12/31/2025 as set forth in the Adopted Budget Summary and in the detailed budget in
(xx/xx/xx)
support thereof showing the estimated revenues and expenditures for said budget year in accordance with the summary
and detail as adopted.
Passed and approved on, 11/25/2024 by the following vote:(list names)
(xx/./xx)
Ayes: 5 Nays: 0
Absent- 0
DIIGNGITALLYED S
Chairperson
(Si netu
Ke- - Secretary
signature)
710 BROADBAND OPERATIONS
FY2025 RE-EST FY2026 BUDGET
Revenue
Misc Fees/Taxes Collected $ 5,000 $ 10,000
Internet Service 625,000 2,368,800
TV Service - 475,900
Phone Service - 84,600
Total Revenue $ 630,000 $ 2,939,300
Expenditures
Wages&Salaries $ 1,077,900 $ 1,507,600
Employee Benefits 526,100 920,000
Cost of Goods Sold 178,700 997,100
Operating Supplies/Services/Int 729,600 860,000
Building Lease 175,000 175,000
Misc Fees/Taxes Pd 3,200 15,500
Total Expenditures $ 2,690,500 $ 4,475,200
Net Addition to Net Assets $ (2,060,500) $ (1,535,900)
711 BROADBAND CAPTIAL
2025 2026
Total Build: $ 20,709,400 $ 33,004,200
Department of Management
Aug-14
ADOPTED BUDGET SUMMARY
CALENDAR YEAR 2024
Waterloo Telecommuniations Utility (specify fiscal or calendar year budget)
NAME OF ENTERPRISE
Budget Re-Estimated Actual
(specify budget years) 2024 2023 2023
REVENUES & OTHER FINANCING SOURCES
Use of Money and Property (line 398) 241 0 271 0 301 0
Charges for Services (line 414) 243 530,511 273 0 303 0
Miscellaneous (line 416) 245 0 275 0 305 0
Operating Transfers In (line 417) 247 0 277 0 307 0
Proceeds of Long Term Debt (line 418) 248 31,627,664 278 0 308 0
Proceeds of Fixed Asset Sales (line 419) 249 0 279 0 309 0
Total Revenues & Other Financing Sources 250 32,158,175 280 0 310 0
EXPENDITURES & TRANSFERS OUT
Expenditures (line 386) 255 31,628,529 285 0 315 0
Transfers Out (line 387) 259 0 289 _ 0 319 0
Total Expenditures & Transfers Out 260 31,628,529 290 0 320 0
Excess of Revenues & Other Sources
Over (Under) Expenditures & Transfers Out 261 529,646 291 0 321 0
BEGINNING Fund Balance (line 390) 262 0 292 0 322 0
ENDING Fund Balance (line 388) 263 529,646 293 0 323 0