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Home My WebLink AboutDocumentation_Stormwater_Tab 7&8_5/21/1998 17 r Ili/ ••• 1/ VILLAGE OF TEQUESTA / I /// STORMWATER UTILITY RATE & CAPITAL IMPROVEMENT PROGRAM FY 99 Opening Fund Balance 62,016 Withdraw from Fund -8,070 Projected FY 99 Fund Excess 40,000 Accumulated Fund Balance 93,946 PROPOSED 10-YEAR REVENUE FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 Proposed Stormwater Utility Fee $239,600 $261,600 $274,600 $282,800 $291,300 $300,000 $309,000 $318,300 $327,800 $337,600 Interest Income $4,000 $4,000 $5,000 $6,000 .$7,000 $8,000 $9,000 $10,000 $11,000 $12,000 Transfer from General Fund $24,300 $24,300 $24,300 Jupiter/Dover Ditch $3,840 $3,840 $3,840 $3,840 $3,840 $3,840 $3,840 $3,840 $3,840 $3,840 Transfer from Stormwater Utility Fund Balance 8,070 TOTAL REVENUES $279,810 293,740 307,740 292,640 302,140 311,840 321,840 332,140 342,640 353,440 PROPOSED 10-YEAR EXPENDITURES Personal Services (1) $57,370 $60,000 $62,000 $64,000 $67,000 $69,000 $72,000 $75,000 $78,000 $82,000 Operating Expenses (1) $120,440 $124,000 $126,000 $128,000 $130,000 $132,000 $134,000 $136,000 $138,000 $140,000 Capital Outlay (2) $102,000 $98,000 $100,000 $95,000 $110,000 $100,000 $100,000 $100,000 $100,000 $100,000 TOTAL EXPENDITURES $279,810 $282,000 $288,000 $287,000 $307,000 $301,000 $306,000 $311,000 $316,000 $322,000 PROPOSED ADJUSTMENT TO UTILITY RATE Annual Rate Increase 8 10% 5% 5% 3% 3% 3% 3% 3% 3% 3% Annual ERU Rate $6.20 $6.50 $6.83 $7.04 $7.25 $7.46 $7.69 $7.92 $8.16 $8.41 10-YEAR CAPITAL IMPROVEMENT PROGRAM - Fairview East Drainage Modification $90,000 Golfview Drive Drainage Modification $50,000 Country Club Drive Drainage Expansion (Tequesta Circle to 215 Country Club Drive) $48,000 Bridge Road Drainage Improvement $90,000 Riverside Drive Drainage Improvement $85,000 North Dover Road Drainage Improvement $100,000 Swales Reshape _ $50,000 $50,000 $50,000 $50,000 $50,000 Video Drainage System $10,000 10,00o 10,000 Pipe Replacement $50,000 $50,000 $50,000 $50,000 $50,000 TOTAL CAPITAL IMPROVEMENT EXPENDITURE $90,000 $98,000 $100,000. $95,000 $110,000 $100,000 $100,000 $100,000 $100,000 $100,000 * Includes 252 Units at Lighthouse Cove. 1) Assumes 3% Increase Per Year. 2) See 10-Year Capital Improvement Program Details.