Item 5 Item 5 We have come a long way the DOTEN FORMULA 2016 - - PowerPoint PPT Presentation

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Item 5 Item 5 We have come a long way the DOTEN FORMULA 2016 - - PowerPoint PPT Presentation

Jun 26, 2023 274 likes •626 views

Item 5 Item 5 We have come a long way the DOTEN FORMULA 2016 2016 Budget Budget 1 FIVE FUNDS FIVE FUNDS Trash 400 Trash 400 General 100 General 100 Admin 500 Admin 500 Water Accounting Roads Legal Fire/Emergency

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We have come a long way … the DOTEN FORMULA 2016 2016 Budget Budget

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Item 5 Item 5

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General 100 General 100

  • Water
  • Roads
  • Fire/Emergency

Sewer 200 Sewer 200 Snow 300 Snow 300 Trash 400 Trash 400 Admin 500 Admin 500

  • Accounting
  • Legal
  • Liability/Fire Insurance
  • Miscellaneous [non-attributable]

FIVE FUNDS FIVE FUNDS Expe Expenses History History

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Our actual expenditures have declined over the last five years. We do not have a full year’s data for 2015 so we extrapolate. It is worth noting that this does include the busiest & most expensive months of the year.

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Water Production Water Production History History

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1>Chinquapin meter was found unreliable .. It was replaced 2> We no longer need to estimate our leakages .. These are actual based on production less delivered and billed.

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PPA Water PPA Water Use Use

‘Water Use’ still plays a role in fee attribution.

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It relates directly to Se Sewe wer Fund r Fund costs and is a major part of the Gene General ral Fund Fund expenses. Admini Administr stration Fund Fund expenses are allocated to each of the other funds as a ratio9 of the total budget. The Trash Fund Trash Fund & Snow Fund Snow Fund are paid by the cabin users with a set fee.

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Water & Sewer Water & Sewer Prorations Prorations

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2015 2015 Fees Fees Paid Paid

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Our budgeted Income was slightly greater than our budgeted expenses.

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Budge Budget t History History This [2015] year we expect to expend the approximate amount we have in

  • ur budgeted funds … and our INCOME was extrapolated to $953,920.

Recall that we rebuilt the Camp Blue Sewer Pumps … a $91,262 hit and we also purchased a Truck Chassis for $49,500 which is included [$12,375 ea fund] in the ‘CURRENT’ column. Our Sewer Budget last year was $454,300.

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We are within our BUDGET PARAMETERS ….

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Budge Budget History & t History & 2016 Proposal 2016 Proposal [NOTE that THE 2016 PROPOSED BUDGET is only 8% over 2015 years PROJECTED EXPENSES of $908,442] Any proposal to pay for this must take into account our current financial status and the accrual trends.

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2016 BUDGET PROPOSAL

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Fund B Fund Balances lances We are showing growing FUND BALANCES ∴ it seems we could hold our CURRENT FEES … this is open to Board discussion. Now we can examine out 2016 FEE STRUCTURE with slight variances from this year.

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Current & Recent Fund B rrent & Recent Fund Balances lances

[includes CD Funds] [includes CD Funds]

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We have several options on ‘cost-of-living adjustments’ for staff. Staff COLA Staff COLA Consideratio Considerations ns These will impact the FEE OPTIONS following.

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Holding Curren Holding Current t Fees Fees

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Decreasing Fees Decreasing Fees Slightly Slightly

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Increasing Fees Increasing Fees Slightly Slightly

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Cabin Use Cabin Use Tiers Tiers

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NOTE: 97.6% of our cabin users are below the 50,000 gallons ‘BASE TIER’ we adopted last year.

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2014 2014 Water Water Tiers Tiers Adopted Adopted

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Last year we used the AVERAGE Gallons from a (2 or) three year track record [The Chinquapin meter was problematic]. We may want to consider some more memorable (rounder?) tier levels for our C/C members. I have made a suggestion based on trends and current (2014-15) use. Commercial & Camp Water Use Tiers [History]

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Potential Surch Potential Surcharge rge Impacts Impacts

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Impacts of ‘surcharge’ at $10/10kGal Rate (Adopted in 2014 Budget)

GALLONS LLONS

NOTE NOTE COST COST 1 53,760 Prior > 2010-11 $37.60 2 51,500 No Recent Prior $15.00 3 89,430 Prior> 2013-14 $394.30 4 92,380 Prior> 2011-12 & 2013-14 $420.38 5 56,820 No Recent Prior $68.20 6 57,150 No Recent Prior $71.50 7 633,190 Prior> 2011-12 [PPA Connection] NC 8 110,650

Prior> 2011-12 & 2013-14 [yr round]

$606.50 9 55,900 Prior > 2011-12 $59.00 10 695,340 No Recent Prior $6,453.40 1,896,120 1,896,120 $8,125.88 $8,125.88 This is the cost of excess water to those who used excess.

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Sample Billing Sample Billing

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This is a sample of what the Bill would look like . The notation in the box and the dates will change. We will provide the meter readings for each year.

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Yields a cost of ~$19.05/kGallons Adding a 10% mark-up results in a cost of: $20.96/kGallons Suggest:

$21.00/kGallons

2015 General Fund & Gen Fund Administrative Costs [extrapolated from ¾ year activities [see slide #7 ] Gallons produced for ‘Delivery’ [see slide #3] Retail Fees Retail Fees

$270,919 + $35,570 = $306,489 16,087,209 Gallons

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