1959-38A RESOLUTION ADODPTING AN ESTIMATED BUDGET
FOR THE FISCAL YEAR BEGINNING NOVEMBER 1,
1959 AND ENDING OCTOBER31, 1960 AI]D ADOPTING
AN AMOUNT DETERMINED TO BE THE ANTICIPATED
CASH RECEIPTS OF THE WATER DEPARTMENT OF THE
CITY OF EDGEWATER, VOLUSIA COUNTY, FLORIDA.
BE IT RESOLVED by the City Council of the City of Edgewater,
Volusia County, Florida:
SECTION 1. That the following is hereby adopted as the
estimated budget for the fiscal year beginning November 1, 1959 and
ending October 31, 1960:
Operation
&
Maintenance
$23,978.00
Principal
&
Interest
$23,664.00
Reserve Account 4,300.00
Contingencies 1,973.00
Total 53,815.00
SECTION 2. That the amount of $53,815.74 is hereby adopted as
the anticipated cash receipts for the fiscal year beginning November 1,
1959 and ending October 31, 1960.
BE IT FURTHER RESOLVED that all resolutions or parts of resolutions
in conflict herewith be and the same hereby are rescinded.
The above and foregoing resolution was presented by Councilman
Farrell who moved its adoption, said motion being seconded by
Councilman Bro¢a and upon roll call vote, said resolution was duly de—
clared adopted at the regular meeting of said Council held on the 21st day
of September, A.D. 1959, the vote on said roll call of said Council being
Approved this 21st day of Sept ber, A.D. 1959-
d
Acting May
1959-W
ESTIMATED BUDGET FOR WATER DEPARTMENT
OPERATION & MAINTENANCE
Wages
$10,000.00
Social Security
175.00
Power
1,738.00
Chemicals
100.00
Supplies
1,080.00
Truck Expense
900.00
Repairs & Replacements
5,805.00
Telephone
302.00
Machine Rental
2,400.00
Printing & Office Expense
778.00
Auditing
200.00
Miscellaneous
500.00
Total
$23,978.00
PRINCIPAL & INTEREST ACCOUNT
Interest
$19,000.00
Principal
4,664.00
Total $23,664.00
RESERVE ACCOUNT 4,200.00
CONTINGENCIES 1,973.00
Grand Total $53,815.00
:. Y ' a Y l t 5U k W
4 Mo.
12 Mo.
A/C Receivable
8,991.90
26,975.70
Meter Deposits
300.00
900.00
Meter Applications
1,275.00
3,825.00
Cut—off & Cut —in
235.00
705.00
Utility Tax
5,386.68
16,160.04
Hydrant Rental
1,500.00
3,000.00
Miscellaneous
750.00
2,250.00
$18,438.58 $53,815.74
Total Anticipated Revenue $53,815.00