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<br />Water Customers and Revenues. The following table sets forth a breakdown of revenues of
<br />the Enterprise by customer type for Fiscal Year 2015-16 (excluding revenues derived from
<br />connection fees, late payment penalties and shut-off fees).
<br />
<br />Table 15
<br />Revenues by Customer Type
<br />Fiscal Year 2015-16
<br />
<br /> Number
<br />of
<br />Accounts
<br />Consumption
<br />(CCF)
<br />Percent of
<br />Total
<br />Consumption
<br />Total
<br />Revenues
<br />Percent
<br />of Total
<br />Revenue
<br />Single-family 19,134 1,557,358 44% $13,587,250.06 42%
<br />Multi-family 1,675 692,805 20 6,508,568.18 20
<br />Commercial 1,477 686,984 19 6,989,729.31 22
<br />Industrial/Other 126 102,057 3 1,045,964.69 3
<br />Irrigation 423 217,894 6 2,019,202.21 6
<br />Fire 708 5,608 0 743,715.91 2
<br />Recycled 174 282,033 8 1,594,944.27 5
<br /> Total 23,717 3,544,739 100 32,489,374.63 100
<br />
<br />Source: City of Redwood City Finance Department.
<br />
<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 2011-12.
<br />
<br />Table 16
<br />Revenues from Connection and Facilities Fees and Capacity Charges
<br />
<br /> FY 2011-12 FY 2012-13 FY 2013-14 FY 2014-15 FY 2015-16
<br />Connection Fees $ 98,436 $ 110,233 $ 180,209 $ 109,245 $ 136,336
<br />Facilities Fees 264,526 588,273 559,925 1,155,230 836,968
<br />Capacity Charge (1) 328,286 1,592,702 1,422,513 936,495 1,760,662
<br /> Total $691,248 $2,291,208 $2,162,647 2,200,970 2,733,965
<br />
<br />Source: City of Redwood City Finance Department.
<br />(1) The increase in revenues for Fiscal Year 12-13 through Fiscal Year 15-16 is the result of new residential and
<br />commercial developments in the City.
<br />
<br />
<br />ENTERPRISE FINANCIAL INFORMATION
<br />
<br />Budgetary Process
<br />
<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 />
<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 Assistant City Manager meet with department heads to review the requests and establish
<br />program objectives for the coming fiscal year. The City Manager then prepares
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