Budget Amendment FY19 OUAOICEECHOBEE UTILITY AUTHORITY
JULY 8, 2019
PROPOSED FY19 BUDGET AMENDMENT #1
The proposed amendment to the Okeechobee Utility Authority fiscal year
2019 budget is only for the Operating Fund. It incorporates the following:
1. Financial Impact Operations & Maintenance Expenses:
Uses of Operating Funds
Additional costs from Hurricane Irma (see attachment): $ 49,000
Additional costs for meters (from $501c to $165k): $115,000
Total $164,000
Sources of Operating Funds
Increased revenues from external funding:
South Florida Water Management District $ 26,243
FEMA 8,815
Cash in the Operating Fund $128,942
$164,000
II. Financial Impact of Capital Projects:
Uses of Operating Funds
Additional costs of SWTP Water Storage Tanlc (see attachment) $575,530
Replacement of truck 412 damaged in accident 22,000
Insurance payment (4,087)
Net budget for replacement truck 17,913
Total $593,443
Sources of Operating Funds
FY19 budgeted expenditures reclassified as operating expense $593,443
The FY19 budget originally contemplated one major project for replacement of
meters of $600,000, which would have qualified as capital expenditures under
accounting rules. Since the meters are being replaced on an individual basis versus
as one major project, accounting rules state that the cost to replace the meters are
to be expensed as operating expenses.
The proposed net increase to OUA's Operating Budget is $128,942 and there is no
change to the budget for Capital Projects.
OUA staff recommends that the OUA Board adopt Resolution 19-04, to approve
the FY19 Budget Amendment #1 to the FY19 Budget.
Okeechobee Utility Authority
Fiscal Year 2019 Proposed Budget Amendment #1
Hurricane Irma Expenditures for FY19
718/19
FY19
Operating & Capital Expenditures
Loading & hauling of biosolids to Waste Management 27,295.00
Sludge disposal at Waste Management landfill 35,556.08
Equipment rental 775.00
Miscellaneous and other expenses 5,373.92
subtotal 69,000.00
Structural upgrades to Roof of
Residual Drying Facility by Parkson 79,898.00
Repair of Residual Drying Facility by Parkson 374,487.00
Total WWTP 523,385.00
Sources of Funds to pay for project
OUA FY19 Budget Allocation
Additional OUA FY19 Budget Allocation
Total WWTP
Note:
FEMA is to reimburse OUA approximately $461,644
when the repair and upgrade is completed
474,385.00
49,000.00
523,385.00
2019 Budget Amendment 1 6/25/2019 11:29 AM
Okeechobee Utility Authority
SWTP Water Storage Tank (31VI gal)
2019 Proposed Budget Amendment #1
7/8/19
Capital Expenditures
Construction (R.I Sullivan) 5,095,000
Design Engineering (Eckler) 322,200
Construction Engineering (Eckler) 233,600
Concrete materials testing & inspection (Nutting Engineers) 8,730
Total 5,659,530
Sources of Funds to pay for project
OUA FY19 Budget Allocation 5,086,000
Additional OUA FY19 Budget Allocation 573,530
Total 5,659,530
2019 Budget Amendment 1 6/25/2019 11:29 AM