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Atta 7.A. - Page 54
<br /> Table 16
<br /> Revenues by Customer Type
<br /> Fiscal Year 2011-12
<br /> Number Percent of Percent
<br /> of Consumption Total Total of Total
<br /> Accounts (CCF) Consumption Revenues Revenue
<br /> Single-family 18,846 2,184,935 48% $12,168,055 44%
<br /> Muliti-family 1,684 891,080 19 5,199,781 19
<br /> Comercial 1,538 808,743 18 5,528,711 20
<br /> Industrial/Other 113 87,634 2 596,124 2
<br /> Irrigation 411 340,641 7 2,316,672 S
<br /> Fire 657 1,770 0 667,144 2
<br /> Recycled 162 257,221 6 990,352 4
<br /> Total 23,411 4,572,024 100% $27,466,839 100%
<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 2007-08.
<br /> Table 17
<br /> Revenues from Connection and Facilities Fees and Capacity Charges
<br /> FY 2007-OS FY 2008-09 FY 2009-10 FY 2010-11 FY 2011-12
<br /> Connection Fees $424,260 $114,408 $ 77,216 $ 80,303 $ 98,436
<br /> Facilities Fees 63,293 172,229 180,494 324,341 264,526
<br /> Capacity Charge 48,817 186,353 35,954 656,217 328,286
<br /> Total $536,370 $472,990 $293,664 $1,060,861 $691,248
<br /> Source:City of Redwood City-Finance Department.
<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.
<br /> Each year the City adopts a resolution specifying the dates by which it must receive a
<br /> proposed budget and adopt a final budget. The City Council usually receives the proposed
<br /> budget by the end of May and thereafter schedules one or two public study sessions to review
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