FY 7/1/21-6/30/22
Final Budget Teton Village Water and Sewer District Budget Hearing Information
P.O. Box 586 / 7020 Rachel Way Teton Village, WY 83025 (307) 733-5457
Location: Teton Village District Office Date: 7/15/2021 Time: 6:00 PM
Teton County S-A
Budget Prepared by: Jim Terry, Treasurer
BUDGET MESSAGE
W.S. 16-4-104(d)
The FY2022 budget for Teton Village Water and Sewer District (TVWSD) continues the commitment from the TVWSD Board of Directors and staff to ensure that the water and sewer systems are well maintained and that operations remain in compliance with permits from US EPA and WY DEQ. The FY2022 budget contains use of reserve funds towards the phase 4 expansion to the wastewater treatment facility. This expansion will increase capacity to match the future needs of Teton Village per the Master Plan. Pending approval from SRF for a loan towards fifty percent of the total cost, the project is estimated to start construction in the spring of 2022. The District intends to fund the project without increasing rates, as well as continuing to hold the mill levy tax at 3.5 mills for FY2022.
S-B
RESERVE DESCRIPTION
The TVWSD Board adopted a reserves policy with the intent of maintaining judicious financial resources, allowing the District to easily react to an extreme event, replace an asset that fails unexpectedly, or expand the wastewater treatment plant. Currently the District has $6,611,211in cash and investments, including $4,644,522 in unrestricted reserves. For the 2021-22 Fiscal year the Board approved resolution no. 2021-2 dedicating $3.6 of the Districts reserves and general fund savings as matching funds towards the anticipated 2022 WWTP Improvements. S-C
Names of Board Members Tim Carney, Chairman John B.L. Harness, Secretary Jim Terry, Treasurer Frank Kaunitz, Director Donald Gervias, Director
Does the district have regular office hours exceeding 20 hours per week?
Date of End of Term
11/8/22 11/8/22 11/5/24 11/5/24 11/5/24
If Yes, enter Address of office: City, State, Zip: Phone Number: Hours Open:
Where are the minutes of your board meeting available for public review? Teton Village District Office, 7020 Rachel Way, Teton Village, WY 83025 How and where are the notices of meeting posted for the public?
www.tetonvillagewy.org Where are the public meetings held? Teton Village District Office, 7020 Rachel Way, Teton Village, WY 83025
Yes
7020 Rachel Way Teton Village, WY 83025 (307) 733-5457 Mon - Thu 8:30 AM - 4:00 PM, Fri 8:30 AM - 12:00 PM
FINAL BUDGET SUMMARY 2019-2020 Actual
OVERVIEW
2020-2021 Estimated
2021-2022 Proposed
Final Approval
S-3
Total Budgeted Expenditures Total Principal to Pay on Debt Total Change to Restricted Funds
$2,278,627 $362,266 $65,511
$2,355,449 $415,025 $65,325
$3,314,813 $361,688 -$432,000
$3,911,660 $361,688 -$432,000
S-4
Total General Fund and Forecasted Revenues Available
$4,052,834
$4,147,500
$4,876,958
$4,990,356
S-5
Amount requested from County Commissioners
$922,766
$1,002,792
$1,140,733
$1,141,156
$0
$0
S-1 S-2
Additional Funding Needed :
S-6
REVENUE SUMMARY
S-7 S-8 S-9 S-10 S-11 S-12 S-13
Operating Revenues Tax levy (From the County Treasurer) Government Support Grants Other County Support (Not from Co. Treas.) Miscellaneous Other Forecasted Revenue
Total Revenue FY 7/1/21-6/30/22
S-14
EXPENDITURE SUMMARY
S-15 S-16 S-17 S-18 S-19 S-20R S-20
Capital Outlay Interest and Fees On Debt Administration Operations Indirect Costs Expenditures paid by Reserves Total Expenditures
DEBT SUMMARY
S-21
Principal Paid on Debt
CASH AND INVESTMENTS
S-22
TOTAL GENERAL FUNDS
Summary of Reserve Funds Beginning Balance in Reserve Accounts S-24 a. Sinking and Debt Service Funds S-25 b. Reserves S-26 c. Bond Funds Total Reserves (a+b+c) S-27 Amount to be added S-28 a. Sinking and Debt Service Funds S-29 b. Reserves S-30 c. Bond Funds Total to be added (a+b+c)
2019-2020 Actual
2020-2021 Estimated
2021-2022 Proposed
Final Approval
$1,627,849 $922,766 $0 $0 $0 $167,161 $0
$1,688,946 $1,002,792 $0 $0 $0 $120,704 $0
$2,717,776
$2,812,442 $2,928,259 $3,041,656 Teton Village Water and Sewer District
2019-2020 Actual $408,523 $76,137 $189,067 $1,177,302 $427,598 $0 $2,278,627 2019-2020 Actual $362,266 2019-2020 Actual
2020-2021 Estimated $436,038 $64,603 $200,356 $1,234,891 $419,561 $0 $2,355,449 2020-2021 Estimated $415,025 2020-2021 Estimated
$1,678,818 $1,140,733 $0 $0 $0 $108,708 $0
2021-2022 Proposed
$1,791,792 $1,141,156 $0 $0 $0 $108,708 $0
Final Approval
$795,850 $55,503 $228,080 $1,339,470 $463,910 $432,000 $3,314,813 2021-2022 Proposed
$1,361,896 $55,503 $228,080 $1,360,381 $473,800 $432,000 $3,911,660 Final Approval
$361,688 2021-2022 Proposed
$361,688 Final Approval
$1,335,058
$1,335,058
$1,948,699
$1,948,699
$450,000 $4,513,686 $0 $4,963,686
$450,000 $4,579,197 $0 $5,029,197
$450,000 $4,644,522 $0 $5,094,522
$450,000 $4,644,522 $0 $5,094,522
$0 $65,511 $0 $65,511
$0 $65,325 $0 $65,325
$0 $0 $0 $0
$0 $0 $0 $0
$5,029,197 $0 $5,029,197
$5,094,522 $0 $5,094,522
$5,094,522 $432,000 $4,662,522
$5,094,522 $432,000 $4,662,522
S-23
S-31 S-32 S-33
Subtotal Less Total to be spent TOTAL RESERVES AT END OF FISCAL YEAR
End of Summary
Date adopted by Special District Budget Officer / District Official (if not same as "Submitted by")
DISTRICT ADDRESS: P.O. Box 586 / 7020 Rachel Way Teton Village, WY 83025
PREPARED BY: Jim Terry, Treasurer
DISTRICT PHONE: (307) 733-5457 Prepared in compliance with the Uniform Municipal Fiscal Procedures Act (W.S. 16-4-101 through 124) as it applies. 1/23/19
Form approved by Wyoming Department of Audit, Public Funds Division
Final Budget Teton Village Water and Sewer District NAME OF DISTRICT/BOARD
FYE
6/30/2022
PROPERTY TAXES AND ASSESSMENTS
DOA Chart of Accounts R-1 R-1.1 R-1.2
Property Taxes and Assessments Received Tax Levy (From the County Treasurer) Other County Support (see note on the right)
4001 4005
2019-2020 Actual $922,766
2020-2021 Estimated $1,002,792
2021-2022 Proposed
Final Approval
$1,140,733 $
1,141,156
FORECASTED REVENUE
DOA Chart of Accounts R-2 R-2.1 R-2.2 R-2.3 R-2.4 R-2.5 R-3 R-3.1 R-3.2 R-3.3 R-3.4 R-4 R-4.1 R-4.2 R-4.3 R-4.4 R-5 R-5.1 R-5.2 R-5.3 R-5.4 R-5.5 R-6 R-6.1 R-6.2
Revenues from Other Governments State Aid Additional County Aid (non-treasurer) City (or Town) Aid Other (Specify) Total Government Support Operating Revenues Customer Charges Sales of Goods or Services Other Assessments Total Operating Revenues Grants Direct Federal Grants Federal Grants thru State Agencies Grants from State Agencies Total Grants Miscellaneous Revenue Interest Other: Specify Other: See Additional Total Miscellaneous Total Forecasted Revenue Other Forecasted Revenue a. Other past due as estimated by Co. Treas. b. Other forecasted revenue (specify):
2020-2021 Estimated
2021-2022 Proposed
Final Approval
4211 4237 4237 4237
4300 4300 4503
$0
$0
$0
$0
$1,627,849
$1,688,946
$1,678,818 $
1,791,792
$1,627,849
$1,688,946
$1,678,818
$1,791,792
$0
$0
$0
$0
$85,853 $37,155 $44,153 $167,161 $1,795,010
$42,364 $37,653 $40,687 $120,704 $1,809,650
$30,000 $40,708 $38,000 $108,708 $1,787,526
$30,000 $40,708 $38,000 $108,708 $1,900,500
$0
$0
$0
$0
4201 4201 4211
4501 4500
4004 4500 4500
R-6.3 R-6.4 R-6.5 R-6.6
2019-2020 Actual
Total Other Forecasted Revenue (a+b)
Final Budget Teton Village Water and Sewer District NAME OF DISTRICT/BOARD
FYE
6/30/2022
CAPITAL OUTLAY BUDGET
DOA Chart of Accounts E-1 E-1.1 E-1.2 E-1.3 E-1.4 E-1.5 E-1.6
Capital Outlay Real Property Vehicles Office Equipment Other (Specify) Water Sewer
2020-2021 Estimated
2021-2022 Proposed
Final Approval
6201 6210 6211 6200 6200
E-1.7 E-1.8
2019-2020 Actual
see additional details
TOTAL CAPITAL OUTLAY
$90,846 $277,307 $40,370 $408,523
$255,963 $134,000 $46,075 $436,038
$676,000 $90,000 $29,850 $795,850
$691,000 $522,000 $148,896 $1,361,896
ADMINISTRATION BUDGET
DOA Chart of Accounts E-2 E-2.1 E-2.2 E-2.3 E-2.4
Personnel Services Administrator Secretary Clerical Other (Specify)
7002 7003 7004
2019-2020 Actual
2020-2021 Estimated
2021-2022 Proposed
Final Approval
$121,425
$136,445
$141,480
$141,480
$1,900
$2,000
$2,000
$2,000
$15,000 $10,300
$3,000 $11,000
$5,000 $11,000
$5,000 $11,000
7031 7032 7033 7034
$3,750 $2,030 $55 $0
$1,100 $4,000 $0 $0
$3,000 $4,000 $0 $0
$3,000 $4,000
7035 7035
$14,500 $60 $20,047 $189,067
$15,974 $16 $26,822 $200,356
$20,000 $100 $41,500 $228,080
$20,000 $100 $41,500 $228,080
7005 7005
E-2.5 E-2.6 E-2.7 E-3 E-3.1 E-3.2 E-3.3 E-3.4
Board Expenses Travel Mileage Other (Specify) Director Stipends
7011 7012 7013 7013 7013
E-3.5 E-3.6 E-4 E-4.1 E-4.2 E-4.3
Contractual Services Legal Accounting/Auditing Other (Specify)
7021 7022 7023 7023
E-4.4 E-4.5 E-4.6 E-5 E-5.1 E-5.2 E-5.3 E-5.4 E-5.5 E-5.6 E-5.7 E-5.8 E-6
Other Administrative Expenses Office Supplies Office equipment, rent & repair Education Registrations Other (Specify) Office/Apt Landscaping, Util & Maint Bank Charges see additional details
TOTAL ADMINISTRATION
Final Budget Teton Village Water and Sewer District
FYE
6/30/2022
OPERATIONS BUDGET
DOA Chart of Accounts E-7 E-7.1 E-7.2 E-7.3
Personnel Services Wages--Operations Service Contracts Other (Specify)
7202 7203
2019-2020 Actual
2020-2021 Estimated
2021-2022 Proposed
Final Approval
$626,462
$657,581
$717,270
$735,181
$8,762 $0 $6,289 $0
$6,200 $0 $9,500 $0
$13,000 $0 $15,000 $0
$13,000
7220 7220 7220 7220
$18,018 $101,377
$20,253 $91,000
$19,200 $101,000
$19,200 $101,000
7230 7230 7230 7230
$87,531 $190,747
$88,594 $206,231
$98,500 $215,500
$94,500 $217,500
7400 7400 7400 7400
$16,500 $3,616
$23,032 $5,500
$14,500 $7,500
$14,500 $7,500
7450 7450 7450 7450
$5,000 $5,000 $108,000
$3,000 $2,000 $122,000
$5,000 $5,000 $128,000
$5,000 $5,000 $133,000
$1,177,302
$1,234,891
$1,339,470
$1,360,381
7204 7204
E-7.4 E-7.5 E-7.6 E-8 E-8.1 E-8.2 E-8.3
Travel Mileage Other (Specify) Training & Schools
E-8.4
7211 7212 7212
$15,000
E-8.5 E-9 E-9.1 E-9.2
Operating supplies (List) Physical Plant - Water Physical Plant - Sewer
E-9.3 E-9.4 E-9.5 E-10 E-10.1 E-10.2
Program Services (List) Maintain Plant - Water Maintain Plant - Sewer
E-10.3 E-10.4 E-10.5 E-11 E-11.1 E-11.2
Contractual Arrangements (List) Engineering Consultant Fees
E-11.3 E-11.4 E-11.5 E-12 E-12.1 E-12.2 E-12.3
Other operations (Specify) Vehicle Maintenance Vehicle Gas & Oil Utilities
E-12.4 E-12.5 E-13
TOTAL OPERATIONS
Final Budget Teton Village Water and Sewer District
FYE
6/30/2022
INDIRECT COSTS BUDGET
DOA Chart of Accounts E-14 E-14.1 E-14.2 E-14.3 E-14.4 E-14.5
Insurance Liability Buildings and vehicles Equipment Other (Specify) Surety Bonds
E-14.6
2019-2020 Actual
2020-2021 Estimated
2021-2022 Proposed
Final Approval
7502 7503 7504
$13,064 $28,926 $250
$13,370 $28,175 $743
$13,500 $33,500 $750
$13,500 $33,500 $750
7505 7505
$650
$700
$700
$700
7511 7512 7513 7514 7515
$53,635 $7,234 $8,678 $117,146 $171,639
$50,685 $5,175 $1,136 $120,091 $174,420
$65,694 $6,784 $1,374 $128,812 $177,414
$67,753 $6,997 $1,417 $129,999 $184,309
7516 7516
$12,544 $11,432 $2,400
$11,854 $12,012 $1,200
$12,452 $13,930 $9,000
$12,842 $13,033 $9,000
$427,598
$419,561
$463,910
$473,800
E-14.7 E-15 E-15.1 E-15.2 E-15.3 E-15.4 E-15.5 E-15.6 E-15.7 E-15.8
Indirect payroll costs: FICA (Social Security) taxes Workers Compensation Unemployment Taxes Retirement Health Insurance Other (Specify) Medicare LT Diabilty & Vision Care
E-15.9 E-17
see additional details
TOTAL INDIRECT COSTS
DEBT SERVICE BUDGET
DOA Chart of Accounts D-1 D-1.1 D-1.2 D-1.3 D-2
2019-2020 Actual
2020-2021 Estimated
2021-2022 Proposed
Final Approval
Debt Service Principal Interest Fees TOTAL DEBT SERVICE
6401 6410 6420
$362,266 $76,137
$415,025 $64,603
$361,688 $55,503
$361,688 $55,503
$438,403
$479,628
$417,191
$417,191
Final Budget Teton Village Water and Sewer District NAME OF DISTRICT/BOARD
FYE
6/30/2022
GENERAL FUNDS
C-1 C-1.1 C-1.2 C-1.3 C-1.4
Balances at Beginning of Fiscal Year General Fund Checking Accountand Balance Savings Investments Account General FundBalance CD Balance All Other Funds
Reserves (From Below)
C-1.5 C-1.6 C-2 C-2.1 C-2.2 C-2.3 C-2.4
DOA Chart of Accounts 1010 1040 1050 1020
Total Estimated Cash and Investments on Hand General Fund Reductions: a. Unpaid bills at FYE b. Reserves Total Deductions (a+b) Estimated Non-Restricted Funds Available
2010
End of Year
Beginning
Beginning
2019-2020 Actual
2020-2021 Estimated
2021-2022 Proposed
$26,627 $889,909 $418,522
Final Approval
$46,940 $913,957 $987,802
$46,940 $913,957 $987,802
$5,029,197 $6,364,255
$26,627 $889,909 $418,522 $0 $5,029,197 $6,364,255
$4,662,522 $6,611,221
$4,662,522 $6,611,221
$206,760 $5,029,197 $5,235,957 $1,128,298
$208,369 $5,094,522 $5,302,891 $1,061,364
$36,096 $4,662,522 $4,698,618 $1,912,603
$210,760 $4,662,522 $4,873,282 $1,737,939
2019-2020 Actual $450,000
2020-2021 Estimated $450,000
$450,000
$450,000
$450,000
$450,000
$0 $450,000
$0 $450,000
$0 $450,000
$0 $450,000
2019-2020 Actual $4,513,686
2020-2021 Estimated $4,579,197
$65,511
$65,325
$4,579,197
$4,644,522
DOA Chart of Accounts SINKING & DEBT SERVICE FUNDS
1070
C-3 C-3.1 C-3.2 C-3.3 C-3.4 C-3.5 C-3.6 C-3.7 C-3.8 C-3.9 C-3.10 C-3.11 C-3.12
Beginning Balance in Reserve Account (end of previous year) Date of Reserve Approval in Minutes: 15-Jul Amount to be added to the reserve Date of Reserve Approval in Minutes: SUB-TOTAL Identify the amount and project to be spent a. b. c. Date of Reserve Approval in Minutes: TOTAL CAPITAL OUTLAY (a+b+c) Balance to be retained
RESERVES
1090
C-4 C-4.1 C-4.2 C-4.3 C-4.4 C-4.5 C-4.6 C-4.7 C-4.8 C-4.9 C-4.10 C-4.11 C-4.12
Beginning Balance in Reserve Account (end of previous year) Date of Reserve Approval in Minutes: 15-Jul Amount to be added to the reserve Date of Reserve Approval in Minutes: 15-Jul SUB-TOTAL Identify the amount and project to be spent a. Plant Expansion b. c. Date of Reserve Approval in Minutes: TOTAL OTHER RESERVE OUTLAY (a+b+c) Balance to be retained
BOND FUNDS
2019-2020 Actual
C-5.8
Beginning Balance in Reserve Account (end of previous year) Date of Reserve Approval in Minutes: Amount to be added to the reserve Date of Reserve Approval in Minutes: SUB-TOTAL Identify the amount and project to be spent Date of Reserve Approval in Minutes: Balance to be retained
C-5.9
TOTAL TO BE SPENT
C-5.2 C-5.3 C-5.4 C-5.5 C-5.6 C-5.7
$0 $4,579,197
$0 $4,644,522
2021-2022 Final Approval Proposed $4,644,522 $4,644,522
$4,644,522
$4,644,522
$432,000
$432,000
$432,000 $4,212,522
$432,000 $4,212,522
1060
C-5 C-5.1
2021-2022 Final Approval Proposed $450,000 $450,000
2020-2021 Estimated $0
2021-2022 Final Approval Proposed $0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$432,000
$432,000