HomeMy WebLinkAboutAgenda_Regular_08/28/1973•
VILLAGE OF TEQUESTA
COUNCIL MEETING
AGENDA
August 28, 1973
1. Opening Prayer and Pledge of Allegiance to the Flag by
Councilman Leone,
2. Approval of minutes of August 14, 1973 Regular Council Meeting
and minutes of August 17, 1973 Public Hearing of the Councilmen.
3. Financial Report for July 1973
4. Councilmen Project Reports
5, Mr. Karl A, Kandell to discuss ideas relating to his design for
Seabrook Road, and removal of Martin County Little Club from the
Villages water system.
• 6, Mr, Sumpter H. Barker, Brockway, Owen ~ Anderson,Engineers, to
discuss the improvement of Tequesta Drive between U,S. Highway
No. 1 and Old Dixie Highway. ff- M ~ ~~'s
7. Village Attorney items
8. Other items
9. Time for visitors
10, Adjournment
VILLAGE OF TEQUESTA, FLORIDA
WATER DEPARTMENT
JULY 1973 AND YEAR TO DATE
(SEVEN (7) MONTHS).
JULY YEAR TO
OPERAT IlVG REVENUES 1973 DATE
Water Sales
Village of Tequesta (26,233,000 - 208,469,000) $ 15,288.80 $ 116,264.18
Town of Jupiter (3,733,000 - 34,740,000) 3,173.28 25,806.05
Jupiter Inlet Colony (4,028,000 - 29,272,000) 2,160.36 16,166.11
Other Areas.(12,263,000 - 80,040,000) 8,324.51 53,669.54
Total Water Sales 46 257 000 - 352 521 000 28 946.95 211 905.88
1972 Water Sales 38 290 000 - 286 900 000 2,236.77 1?6,277.26
Fire Hydrant Rental Fees -0- -0-
28,946.95 211,905.88
Other Operating Revenues 4.59 9.06
$ 28,951.54 $ 211,914.94
OPERATING EXPENSES
Ptanping and Storage Expense
Wages $ 503.12 $ 3,576.44
Utilities 1,579.85 11,242.77
Chemicals 126.00 793.80
Repairs 2.10 3,184.15
Truck Gasoline and Oil 19.63 173.40
Truck Repair and Expense 6.51 44.44
Small Tools 10.86 75.68
•
Miscellaneous 41.14 306.43
Total Pwnping and Storage Expense $ 2,289.21 $ 19,397.11
Distribution Expense
Wages $ 1,656.71 $ 11,025.39
Repairs -0- 258.89
Truck Gasoline and Oil 29.73 193.51
Truck Repairs and Expense 6,51 81.28
Miscellaneous -0- 155.28
Total Distribution Expense $ 1,692.95 $ 11,714.35
Office and. Administrative Expense
Wages $ 433.32 $ 3,405..74
OASI Expense 151.68 984.92
Rent 333.33 2,333.31
Administrative Management 500.00 3,500.00
Supplies 7.83 1,931.60
Telephone 21.00 181.94
Employee Insurance Premitans 60.32 564.00
Employee Pension Premiums -0- 2,617.00
Financial Consultant's Fee 100.00 700.00
Fiscal Agent's Fee -0- -0-
Bank Escrow Agent's Fee -0- -0-
Engineering Service -0- 582.12
Licenses and Fees -0- 100.00
Insurance Expense 210.00 1,481.00
Miscellaneous Expense 27.20 104.79
Legal Fees -0- -0-
Equipment -0- 127.45
JULY YEAR TO
1973 DATE
Auditing Expense $ -0- $ 1,400.00
Contingencies -0- -0-
Total Office and Administrative Expense $ 1,844.68 $ 20,013.87
Total Operating Expense 5,826.84 51,125.33
Net Operating Revenue $ 23,124.70 $ 160,789.61
Non-Operatine Revenue
Connection Charges -Net $ (130.23) $ 10,805.19
Frontage Charges -0- 1,551.50
Accrued Interest on Invested Funds 1.575.00 11,025.00
Total Non-Operating-Revenue $ 1,444.77 $ 23,381.69
Net Tncome $ 24,569.47 $ 184,171..30
Depreciation Expense 3,300.00 23,100.00
Net Income Before Debt Service $ 21,269.47 $ 161,071.30
Less Debt Service Requirements
Interest $ 6,775.00 $ 47,425.00
Principal 1,750.00 12,250.DO
Renewal and Replacement Fund 2,312.12 9,412.10
Certificate Redemption Fund 1,977.91 13,845.3?
Paying Agent Expense -0- 108.72
Total Debt Service Requirements $ 12,815.03 $ 83,041.19
Net Income $ 8.454.44 $ 78,030.11
VILLAGE OF TEQUESTA, FLORIDA
WATER DEPARTMENT
DISTRIBUTION OF REVENUE FUND
JULY 1973
Total Revenues to be Distributed: $ 39x708.02 $ 210,366.32
~_
Revenue for Prior Month Distributed To:
Sinking Fund $ 8,525.00 $ 59,675.00
Renewal and Replacement Fund 2,312.12 9,412.10
Certificate Redemption Fund 1,9?7.91 13,845.3?
Capital Improvements Reserve Fund 20,699.39 77,759.Oi
Operation and Maintenance Fund 5,302.41 42,304.56
Village of Tequesta Utility Tax 689.43 5,751.81
Town of Jupiter Utility Tax 165.89 1,304.85
Refund of Overpayments 35.8? 298.62
Transfer to Meter Deposits Fund -0- 15.00
$ 39,708,02 $ 210,366.32
VILLAGE OF TEQUESTA, FLORIDA
WATER DEPARTMENT
CASH SUl~II~1ARY
JULY 31, 1973
Cash on Deposit - First National Bank £~ Trust Company
Revenue Fund $ 31,912.31
Operation and Maintenance Fund 11,467.41
Meter Deposits Fund 1,736.73
45,116.45
Certificates of Deposit - Meter Deposits Fund 43,000.00
Certificates of Deposit - Reserve Account 103,000,00
Cash on Deposit -Bank of Palm Beach and Trust Company
Sinking Fund
• Reserve Account
Renewal and Replacement Fund
Certificate Redemption Fund
Capital Improvements Reserve Fund
Certificates of Deposit
Sinking Fund
Renewal and Replacement Fund
Certificate Redemption Fund
Capital Improvements Reserve Fund
Petty Cash
$ 81.64
2.43
56.33
20.02
1,494.16
1,654,58
$ 30,000,00
31,000.00
85,000.00
235,000.00
191,116.45
382,654.58
100.00
$ 573,871.03
a