Fiscal Year 2004 Proposed Budget

Section N - Enterprise, Special Revenue and Internal Services Funds
Utilities Fund
Department of Environmental Services

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DEPARTMENT OF ENVIRONMENTAL SERVICES / DEPARTMENT OF PUBLIC WORKS
DEBT SERVICE AND OTHER

PROGRAM MISSION: This account is maintained to pay the annualized debt service costs from the sale of bonds for water systems, sewer systems, and the Water Pollution Control Plant. Also included in this account are expenditures for fund-wide accounts such as rental of office space at the Courthouse Plaza and costs of General Fund work performed for the Utilities Fund.

Debt Service and Other
FY 2003 FY 2004 FY 2005 % Change:
Actual Adopted Proposed '04 to '05
Debt Service $5,731,769 $6,042,476 $6,327,307 5%
Other 2,378,230 2,447,173 3,575,141 46%
Total Expenditures $8,109,999 $8,489,649 $9,902,448 17%

SIGNIFICANT BUDGET HIGHLIGHTS: The budget for Debt Service and Other reflects:

  • Other portion of this agency will increase due to re-establishing funding of the rate stabilization account ($500,000) in FY 2005. An increase in the charges to the Utilities Fund for work performed by General Fund agencies and County overhead is included ($127,968) as well as a reserve for COLA, increase in the cost of benefits and other adjustments to the compensation package ($500,000).
  • Debt service increases a total of $284,831. Principal and interest payments for existing debt decrease by $187,379. An increase in debt service expense of up to $472,210 is anticipated in FY 2005 for the planned expansion and upgrade of the Water Pollution Control Plant.
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