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8.A. - Page 55
<br /> Table 15
<br /> Revenues by Customer Type
<br /> Fiscal Year 2013-14
<br /> Number Percent of Percent
<br /> of Consumption Total Total of Total
<br /> Accounts (CCF) Consumption Revenues Revenue
<br /> Single-family 19,047 2,286,478 49% $15,335,624.23 46%
<br /> Muliti-family 1,666 805,641 17 5,808,257.74 17
<br /> Commercial 1,527 814,853 17 6,720,899.65 20
<br /> Industrial/Other 114 86,173 2 721,065.40 2
<br /> Irrigation 413 366,115 8 2,880,168.76 9
<br /> Fire 681 1,483 0 712,752.74 2
<br /> Recycled 164 323,816 7 1,462,720.73 4
<br /> Total 23,612 4,684,559 100% $33,641,489.25 100%
<br /> Source:City of Redwood City-Finance Department.
<br /> The following table sets forth the revenues of the Enterprise derived from water
<br /> connection and facilities fees, and water capacity charges since Fiscal Year 2009-10.
<br /> Table 16
<br /> Revenues from Connection and Facilities Fees and Capacity Charges
<br /> FY 2009-10 FY 2010-11 FY 2011-12 FY 2012-13 FY 2013-14
<br /> Connection Fees $ 77,216 $ 80,303 $ 98,436 $ 110,233 $ 180,209
<br /> Facilities Fees 180,494 324,341 264,526 588,273 559,925
<br /> Capacity Charge(1) 35,954 656,217 328,286 1,592,702 1,422,513
<br /> Total $293,664 $1,060,861 $691,248 $2,291,208 $2,162,647
<br /> Source:City of Redwood City-Finance Department.
<br /> (1) The increase in revenues for Fiscal Year 12-13 and Fiscal Year 13-14 is the result of new residential and
<br /> commercial developments in the City.
<br /> ENTERPRISE FINANCIAL INFORMATION
<br /> Budgetary Process
<br /> The fiscal year of the City begins on the first day of July of each year and ends on the
<br /> thirtieth day of June the following year. Formal budgetary integration is employed as a
<br /> management control device during the year for the general fund, special revenue funds, debt
<br /> service funds, capital project funds, and proprietary funds (including the water enterprise
<br /> fund).
<br /> Budgets for the general, special revenue, debt service and capital projects funds (except
<br /> the General Improvement District 1-64 construction fund) are adopted on a basis consistent
<br /> with generally accepted accounting principles, except for capital outlay in special revenue and
<br /> capital projects funds which is budgeted on a project length basis. Budget requests are
<br /> submitted by departmental managers to the City Manager for review. The City Manager and
<br /> the Finance Director meet with department heads to review the requests and establish program
<br /> objectives for the coming year. The City Manager then prepares his recommendations to the
<br /> City Council and the Finance Director submits the financing plan to fund the recommended
<br /> budget.
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