Res. #11-029 - Adopting Budget & Tax Levies for 2012

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Utility Fund Budget Summary The City of Centerville utilizes an enterprise fund accounting system that isolates revenue and expenditures for each of its water, sewer and storm water operations. To that end, each fund is supported through a set of user fees that are analyzed on an annual basis to ensure the proper set of reserves are maintained in order to meet on going cash flow needs and to replace existing infrastructure as it becomes depreciated. Water Fund Rates The typical water customer can be classified into two different categories—residential and commercial each with a fixed and or variable component to the cost structure. There are currently 1,292 residential parcels (1,036 hooked on to water) and 75 commercial parcels (44 hooked onto water) customers. The proposed 2012 rates remain the same as 2011 and are chronicled below: Water 2011 2012 - Proposed Residential - Fixed Charge 21.00 per quarter 21.00 per quarter Variable - Rate per thousand gallons per quarter (0 - 90,000) 2.00 2.00 Variable - Rate per thousand gallons per quarter (90,000 - 150,000) 2.20 2.20 Variable - Rate per thousand gallons per quarter (150,000 - xxx) 2.50 2.50 Commercial - Fixed Charge 21.00 per quarter 21.00 per quarter Variable - Rate per thousand gallons per quarter (0 - 500,000) 2.00 2.00 Variable - Rate per thousand gallons per quarter (500,000 - xxx) 2.50 2.50 Water Fund Revenue: These water rates are projected to produce water sales of $290,000. Other miscellaneous revenues in this classification are budgeted at $66,000, which provides a total revenue budget of $356,000 for 2012. Water Fund Expenditures: Expenditures in this classification include personnel time maintaining the water treatment system/utility billing system, chemicals, depreciation on existing infrastructure and other miscellaneous items. Water fund expenditures are budgeted at $356,000 for 2012 of which $180,000 is depreciation. Sewer Fund Rates The 2012 rates for sewer are proposed to increase by $5.75 per quarter from $59.25 to $65.00. Sewer 2011 2012 - Proposed Residential - Fixed Charge 59.25 per quarter 65.00 per quarter Commercial - Fixed Charge 59.25 per sac unit per quarter 65.00 per sac unit per quarter Sewer Fund Revenue: These sewer rates are projected to produce sewer user revenue of $377,000, which is an increase of roughly $33,000 over 2011. Other miscellaneous revenues in this classification are budgeted at $55,500, which provides a total revenue budget of $432,500.