2007-06-18 W&S Exhibits
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NEW HANOVER COUNTY, NORTH CAROLINA
WATER AND SEWER DISTRICT
2007-08 BUDGET ORDINANCE
BE IT ORDAINED by the New Hanover County, North Carolina, Water and Sewer
District in special session assembled:
Section 1: The following amount is hereby appropriated for the operation of New
Hanover County Water and Sewer District and its activities for the fiscal year beginning July 1,
2007, and ending June 30, 2008, according to the following schedule:
Section 2: For said fiscal year, there is hereby appropriated out of the Water and Sewer
District Fund the sum of:
$20.136.368
Section 3: It is estimated that the following Water and Sewer District Fund revenues will
be available during the fiscal year beginning July 1, 2007, and ending June 30, 2008, to meet
the foregoing Water and Sewer District Fund appropriations:
Revenue Source
Charges for Service
Transfers from Other Funds
Interest On Investments
Miscellaneous Revenue
Special Assessments
Total Revenues - Water and Sewer District Fund
Amount
$15,581,000
2,873,608
611,000
915,000
155.760
$20.136.368
Section 4: All expenditures relating to obtaining the bond referendum and or installment
purchase will be reimbursed from non-taxable bond proceeds and installment purchase
proceeds in accordance with the requirements of the United States Treasury Regulations
Section 1.150-2.
Section 5: Copies of this Budget Ordinance shall be furnished to the Finance Director of
the New Hanover County, North Carolina, Water and Sewer District, to be kept on file by him
for his direction in the collection of revenues and expenditures of amounts appropriated.
Section 6: That appropriations herein authorized and made shall have the amount of
outstanding purchase orders as of June 30, 2007, added to each appropriation, as it appears in
order to account for the payment against the fiscal year in which it is paid.
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Clerk to the District Board
(j))-4
ADOPTED, this 18th day of June 2007.
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William A. Ko p, r., Chairman
Water and Sewer District
-
Wtf.-t> 'X B 3. lif. 2.
AGENDA: June 18,2007
NEW HANOVER COUNTY BOARD OF COMMISSIONERS
AN ORDINANCE AMENDING THE FISCAL YEAR 2007 BUDGET
BY BUDGET AMENDMENT 2007-104
B~ IT ORDAINED by the Board of Commissioners of New Hanover County, North Carolina, that
the followmg Budget Amendment 2007-104 be made to the annual budget ordinance for the fiscal year
ending June 30, 2007.
Section 1: Details of Budget Amendment:
Fund: Water and Sewer
Department: Water and Sewer Administration/Water and Sewer Finance
Exnenditure: Decrease Increase
Water and Sewer Administration:
Transfer to Capital Proiects $980,167
Total $980.167
Revenue: Decrease Increase
Water and Sewer Finance:
Appropriated Fund Balance $980, 167
Total $980.167
Fund: Brookfield/Brierwood and WelIfieldrrreatment Plant
Department:
Revenue: Decrease Increase
Brookfi eldlBri erwood:
Installment Loans $165,652
Transfer in from Fund 800 $165,652
WellfieldlTreatment Plant:
Installment Loans $814,515
Transfer in from Fund 800 $814,515
Total $980 167 $980.167
Section 2: Explanation
1) To appropriate fund balance in Fund 800 to transfer to BrookfieldlBrierwood Project and the
WellfieldlTreatment Plant Project. These two projects were initially funded with estimated installment
financing. The cost to issue COPs (Certificates of Participation) financing for the BrookfieldlBrierwood.
Project reduced the proceeds received; therefore, a budget transfer is required.
2) The estimated installment financing for the WellfieldlTreatment Plant has been delayed until plant
construction. This budget amendment will appropriate necessary funds to cover the revenue shortfall until
the financing occurs and the County would reimburse itself.
Section 3: Documentation of Adoption:
This ordinance shall be effective upon its adoption.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of New
Hanover County, North Carolina, that the Ordinance for Budget Amendment 2007-104 amending the
annual budget ordinance for the fiscal year ending June 30, 2007, is adopted.
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