|
<br />Table 3 2004 Update
<br />Redwood City Water Financing Plan
<br />Water Fund Financial History & Budget Summary
<br /> Actual Actual Actual Budget Budget
<br /> 2001/021 2002/031 2003/041 2004/052 2005/0&
<br />Beginning Operating Reserve $12,180,472 $11,686,048 $6,574,256 $3,835,555 $2,879,084
<br />Revenues3
<br />Water service charges 4,562,413 4,794,905 5,148,205 5,200,000 5,300,000
<br />Water sales 8,890,010 8,631,101 10,508,602 11,850,000 12,000,000
<br />Facility fees 267,446 239,378 345,894 250,000 250,000
<br />Connection fees 111,329 48,826 125,097 90,000 90,000
<br />Interest income 778,038 634,845 378,183 55,340 24,024
<br />Other 152,757 155,365 225,078 65,000 65,000
<br />Total 14,761,993 14,504,420 16,731,059 17,510,340 17,729,024
<br />Expenses
<br />Employee costs 2,414,426 2,794,861 3,154,037 3,890,360 4,079,042
<br />Supplies and services 1,629,912 1,494,898 1,636,701 1,539,801 1,577,259
<br />SFPUC water purchases4 5,201,703 5,100,175 6,815,529 6,927,785 7,500,547
<br />Internal services 2,528,595 2,715,494 2,670,807 3,112,144 3,202,071
<br />Minor operating capital outlay 25,296 37,327 21,432 14,775 25,150
<br />Less transfers in for revenue svcs (447,515) (469,891) (493,385) (518,054) (543,957)
<br />I nvestment loss 0 0 258,382 0 0
<br />Subtotal operating 11,352,417 11,672,864 14,063,503 14,966,811 15,840,112
<br />Transfer to CIP fund, potable capital 2,704,000 2,750,000 2,000,000 2,000,000 2,000,000
<br />Transfer to CIP fund, recycled capitalS 1,000,000 5,000,000 2,000,000 0 0
<br />Conservation program capital 200,000 188, 163 1,400,000 1,500,000 900,000
<br />Capital asset acquisition 0 5,185 6,257 0 0
<br />Subtotal non-operating 3,904,000 7,943,348 5,406,257 3,500,000 2,900,000
<br />Total 15,256,417 19,616,212 19,469,760 18,466,811 18,740,112
<br />Revenues less operating expenses 3,409,576 2,831,556 2,667,556 2,543,529 1,888,912
<br />Revenues less total expenses & transfer (494,424) (5,111,792) (2,738,701) (956,471) (1,011,088)
<br />Ending Operating Reserve 11,686,048 6,574,256 3,835,555 2,879,084 1,867,996
<br />
<br />1 Source: Redwood City Water Enterprise, Historical & Projected Operating Results (Water Cash Flow 21)
<br />2 Source: Redwood City Fiscal Year 2004 - 2006 Budget, Public Works Services pages PWS 26 - 31.
<br />3 2005/06 Budget does not account for rate adjustments projected in this financial plan.
<br />4 2005/06 Budget has not been adjusted to account for likely scenario of no SFPUC wholesale rate increase.
<br />5 An additional $300,000 was transferred prior to 2001/02 (see Table 7).
<br />
<br />BARTLE WELLS ASSOCIA TES
<br />F:\Jobs\Redwood City\1921\ \Redwood City Tables 12-20-04\Budget, 12/21 /2004,6:32 PM
<br />
|