FY 7/1/19-6/30/20
Final Budget Teton Village Water & Sewer District Budget Hearing Information
P.O. Box 586 / 7020 Rachel Way Teton Village, WY 83025 307-733-5457
Location: 7648 Granite Loop Road (Fire Station) Date: 7/18/2019 Time: 6:00 PM
Teton County S-A
Budget Prepared by: Jim Terry, Treasurer
BUDGET MESSAGE
W.S. 16-4-104(d)
On Thursday, July 18, 2019, the Board of Directors of the Teton Village Water and Sewer District (TVWSD) will present the budget for the 2020 fiscal year for public comment. The hearing will begin at 6:00 PM in the Teton Village Fire Station, which is located at 7648 Granite Loop Road in Teton Village, WY. The budget for FY 2020 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 DEQ and EPA. The mill levy tax to property owners will remain at 3.5 mills for FY 2020.
S-B
RESERVE DESCRIPTION
TVWSD has over $14 million in capital assets that include an office building, wastewater treatment facilities, wells, controls buildings and miles of pipeline. The reserves policy was adopted by the Board with the intent to maintain a prudent level of financial resources to react to an extreme event or to replace an assest that fails unexpectedly. The policy includes $1.0 million in emergency reserves, $2.5 million in capital reserves replacement and an amount equal to debt service requirements for the FY. S-C
Names of Board Members Tim Carney, Chairman John B.L. Harkness, Secretary Frank Kaunitz, Director Jim Terry, Treasurer Donald Gervais, Director
Does the district have regular office hours exceeding 20 hours per week?
Date of End of Term
11/3/20 11/8/22 11/3/20 11/3/20 11/8/22
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 - 11:30 AM
FINAL BUDGET SUMMARY 2017-2018 Actual
OVERVIEW
2018-2019 Estimated
2019-2020 Proposed
Final Approval
S-3
Total Budgeted Expenditures Total Principal to Pay on Debt Total Change to Restricted Funds
$3,019,033 $347,336 $975,000
$3,006,180 $357,634 $22,242
$2,501,702 $366,311 $10,513
$2,536,702 $366,311 $10,513
S-4
Total General Fund and Forecasted Revenues Available
$5,489,563
$4,964,077
$4,786,743
$4,786,743
S-5
Amount requested from County Commissioners
$672,848
$734,865
$922,766
$922,766
$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 7/1/19-6/30/20
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)
2017-2018 Actual
2018-2019 Estimated
2019-2020 Proposed
Final Approval
$1,603,426 $672,848 $0 $0 $0 $906,053 $0
$1,624,474 $734,865 $0 $0 $0 $297,502 $0
$3,182,327
$2,656,841 $2,715,013 $2,715,013 Teton Village Water & Sewer District
2017-2018 Actual $0 $92,151 $206,298 $1,023,376 $393,958 $1,303,250 $3,019,033 2017-2018 Actual $347,336 2017-2018 Actual
2018-2019 Estimated $0 $80,769 $176,839 $1,239,636 $392,080 $1,116,856 $3,006,180 2018-2019 Estimated $357,634 2018-2019 Estimated
$1,600,177 $922,766 $0 $0 $0 $192,070 $0
2019-2020 Proposed
$1,600,177 $922,766 $0 $0 $0 $192,070 $0
Final Approval
$0 $72,092 $229,153 $1,276,805 $435,152 $488,500 $2,501,702 2019-2020 Proposed
$0 $72,092 $229,153 $1,276,805 $435,152 $523,500 $2,536,702 Final Approval
$366,311 2019-2020 Proposed
$366,311 Final Approval
$2,307,236
$2,307,236
$2,071,730
$2,071,730
$417,245 $2,525,000 $0 $2,942,245
$417,245 $3,500,000 $0 $3,917,245
$439,487 $3,500,000 $0 $3,939,487
$439,487 $3,500,000 $0 $3,939,487
$0 $2,278,250 $0 $2,278,250
$22,242 $1,116,856 $0 $1,139,098
$10,513 $488,500 $0 $499,013
$10,513 $523,500 $0 $534,013
$5,220,495 $1,303,250 $3,917,245
$5,056,343 $1,116,856 $3,939,487
$4,438,500 $488,500 $3,950,000
$4,473,500 $523,500 $3,950,000
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 & Sewer District NAME OF DISTRICT/BOARD
FYE
6/30/2020
PROPERTY TAXES AND ASSESSMENTS 2017-2018 Actual R-1 R-1.1 R-1.2
Property Taxes and Assessments Received Tax Levy (From the County Treasurer) Other County Support
$672,848
2018-2019 Estimated $734,865
2019-2020 Proposed $922,766
Final Approval $922,766
FORECASTED REVENUE 2017-2018 Actual 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 Rents, Reimbursements 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):
R-6.3 R-6.4 R-6.5 R-6.6
Total Other Forecasted Revenue (a+b)
2018-2019 Estimated
2019-2020 Proposed
Final Approval
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
$0 $0 $0 $0 $0
$0
$1,603,426
$1,624,474
$1,600,177
$1,600,177
$1,603,426
$1,624,474
$1,600,177
$1,600,177
$0 $0 $0 $0
$0 $0 $0 $0
$0 $0 $0 $0
$0
$87,771 $130,749 $687,533 $906,053 $2,509,479
$87,000 $122,236 $88,266 $297,502 $1,921,976
$90,000 $101,570 $500 $192,070 $1,792,247
$90,000 $101,570 $500 $192,070 $1,792,247
$0
$0
$0
$0 $0
$0 $0
$0 $0
$0
$0
$0
$0
Final Budget Teton Village Water & Sewer District NAME OF DISTRICT/BOARD
FYE
6/30/2020
CAPITAL OUTLAY BUDGET 2017-2018 Actual E-1
2018-2019 Estimated
2019-2020 Proposed
Final Approval
Capital Outlay Real Property Vehicles Office Equipment Other (Specify)
E-1.1 E-1.2 E-1.3 E-1.4 E-1.5 E-1.6 E-1.7 E-1.8
TOTAL CAPITAL OUTLAY
$0
$0
$0
$0
ADMINISTRATION BUDGET 2017-2018 Actual E-2 E-2.1 E-2.2 E-2.3 E-2.4
Personnel Services Administrator Secretary Clerical Other (Specify)
2018-2019 Estimated
2019-2020 Proposed
Final Approval
$96,716 $11,922
$72,852 $46,287
$102,732 $39,721
$102,732 $39,721
$1,325
$1,900
$1,900
$1,900
$1,969 $9,975
$3,500 $10,300
$4,000 $11,000
$4,000 $11,000
$2,382 $1,058 $50
$3,250 $2,000 $0
$3,500 $2,000 $1,500
$3,500 $2,000 $1,500
$62,385 $323 $18,193 $206,298
$18,900 $100 $17,750 $176,839
$25,000 $100 $37,700 $229,153
$25,000 $100 $37,700 $229,153
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
E-3.5 E-3.6 E-4 E-4.1 E-4.2 E-4.3
Contractual Services Legal Accounting/Auditing Other (Specify)
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) Building Expense Bank Charges see additional details
TOTAL ADMINISTRATION
Final Budget Teton Village Water & Sewer District
FYE
6/30/2020
OPERATIONS BUDGET 2017-2018 Actual E-7 E-7.1 E-7.2 E-7.3 E-7.4
Personnel Services Wages--Operations Service Contracts Other (Specify) Temp Services
2018-2019 Estimated
2019-2020 Proposed
Final Approval
$584,364
$600,901
$668,805
$668,805
$225
$0
$5,000
$5,000
$9,638
$12,000
$13,000
$13,000
$13,668
$13,500
$15,000
$15,000
Operating supplies (List) Physical Plant - Water Physical Plant - Sewer
$22,927 $49,652
$22,050 $75,000
$26,000 $118,000
$26,000 $118,000
Program Services (List) Maintain Plant - Water Maintain Plant - Sewer
$59,715 $163,799
$66,005 $308,125
$91,000 $193,500
$91,000 $193,500
Contractual Arrangements (List) Engineering Consultant Fees
$11,981 $5,446
$11,000 $18,000
$14,500 $15,000
$14,500 $15,000
Other operations (Specify) Vehicle Maintenance Vehicle Gas & Oil Utilities
$3,143 $3,382 $95,436
$5,000 $3,000 $105,055
$5,000 $5,000 $107,000
$5,000 $5,000 $107,000
$1,023,376
$1,239,636
$1,276,805
$1,276,805
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 E-8.5 E-9 E-9.1 E-9.2 E-9.3 E-9.4 E-9.5 E-10 E-10.1 E-10.2 E-10.3 E-10.4 E-10.5 E-11 E-11.1 E-11.2 E-11.3 E-11.4 E-11.5 E-12 E-12.1 E-12.2 E-12.3 E-12.4 E-12.5 E-13
TOTAL OPERATIONS
Final Budget Teton Village Water & Sewer District
FYE
6/30/2020
INDIRECT COSTS BUDGET 2017-2018 Actual E-14
2018-2019 Estimated
2019-2020 Proposed
Final Approval
Insurance Liability Buildings and vehicles Equipment Other (Specify) Surety Bonds
E-14.1 E-14.2 E-14.3 E-14.4 E-14.5
$16,069 $26,025 $2,479
$13,944 $26,421 $2,603
$14,641 $28,241 $2,733
$14,641 $28,241 $2,733
$618
$677
$700
$700
$43,655 $7,063 $5,888 $97,255 $171,910
$47,510 $7,687 $6,408 $103,074 $159,700
$53,635 $8,678 $7,234 $117,146 $175,000
$53,635 $8,678 $7,234 $117,146 $175,000
$10,210 $10,386 $2,400
$11,112 $10,544 $2,400
$12,544 $12,200 $2,400
$12,544 $12,200 $2,400
$393,958
$392,080
$435,152
$435,152
E-14.6 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 Tax LT Disability & Vision Care
E-15.9 E-17
see additional details
TOTAL INDIRECT COSTS
DEBT SERVICE BUDGET 2017-2018 Actual D-1 D-1.1 D-1.2 D-1.3 D-2
2018-2019 Estimated
2019-2020 Proposed
Final Approval
Debt Service Principal Interest Fees TOTAL DEBT SERVICE
$347,336 $92,151
$357,634 $80,769
$366,311 $72,092
$366,311 $72,092
$439,487
$438,403
$438,403
$438,403
Final Budget Teton Village Water & Sewer District NAME OF DISTRICT/BOARD
FYE
6/30/2020
GENERAL FUNDS End of Year C-1 C-1.1 C-1.2 C-1.3 C-1.4
C-2 C-2.1 C-2.2 C-2.3 C-2.4
Beginning
Total Estimated Cash and Investments on Hand
$3,917,245 $6,224,481
General Fund Reductions: a. Unpaid bills at FYE b. Reserves Total Deductions (a+b) Estimated Non-Restricted Funds Available
$324,830 $3,917,245 $4,242,075 $1,982,406
$75,000 $3,939,487 $4,014,487 $2,209,994
2017-2018 Actual $417,245
2018-2019 Estimated $417,245
Reserves (From Below)
C-1.5 C-1.6
Beginning
2018-2019 Estimated $412,612 $0 $1,894,624 $0 $3,917,245 $6,224,481
Balances at Beginning of Fiscal Year General Fund Checking Account Balance Savings and Investments Account Balance General Fund CD Balance All Other Funds
2017-2018 Actual $412,612 $1,894,624
2019-2020 Final Approval Proposed $712,179 $712,179 $100,381 $100,381 $1,259,170 $1,259,170 $3,950,000 $6,021,730
$3,950,000 $6,021,730
$75,000 $3,950,000 $4,025,000 $1,996,730
$75,000 $3,950,000 $4,025,000 $1,996,730
SINKING & DEBT SERVICE FUNDS
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: 25-May-18 Amount to be added to the reserve Date of Reserve Approval in Minutes: 22-May-19 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
2019-2020 Final Approval Proposed $439,487 $439,487
$22,242
$10,513
$10,513
$417,245
$439,487
$450,000
$450,000
$0 $417,245
$0 $439,487
$0 $450,000
$0 $450,000
2017-2018 Actual $2,525,000
2018-2019 Estimated $3,500,000
$2,278,250
$1,116,856
$488,500
$523,500
$4,803,250
$4,616,856
$3,988,500
$4,023,500
$5,562 $268,797 $1,028,891
$5,670 $810,004 $301,182
$30,000 $92,500 $366,000
$30,000 $112,500 $381,000
$1,303,250 $3,500,000
$1,116,856 $3,500,000
$488,500 $3,500,000
$523,500 $3,500,000
RESERVES
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: 25-May-18 Amount to be added to the reserve Date of Reserve Approval in Minutes: 22-May-19 SUB-TOTAL Identify the amount and project to be spent a. Vehicles b. Capital - Water c. See Additional Details Date of Reserve Approval in Minutes: TOTAL OTHER RESERVE OUTLAY (a+b+c) Balance to be retained
2019-2020 Final Approval Proposed $3,500,000 $3,500,000
BOND FUNDS 2017-2018 Actual
C-5
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-5.1 C-5.2 C-5.3 C-5.4 C-5.5 C-5.6 C-5.7
2018-2019 Estimated $0
2019-2020 Final Approval Proposed $0
$0
$0
$0
$0
$0
$0
$0
$0
$1,303,250
$1,116,856
$488,500
$523,500
Final Budget Teton Village Water & Sewer District NAME OF DISTRICT/BOARD
FYE
6/30/2020
ADDITIONAL DETAILS 2017-2018 Actual
Add to Section R-5.3 Miscellaneous R-5.3 Miscellaneous E-5.8 Other E-5.8 Other E-5.8 Other E-5.8 Other E-5.8 Other E-5.8 Other E-5.8 Other E-15.9 Indirect payroll costs C-4.9 Reserves C-4.9 Reserves
Description Review Fees Connection Fees Information Technology Legal Notices Passes/Other Postage Telephone/Communications Mileage Software/Website Development Vehicle Allowance Capital - Sewer Capital - Admin
2018-2019 Estimated
2019-2020 Proposed
Final Approval
DATA INPUT $8,500 $679,033
$1,500 $86,766
$500 $0
$500 $0
$1,411 $746 $1,705 $1,974 $10,578 $0 $1,779 $2,400
$650 $100 $2,500 $2,000 $11,000 $0 $1,500 $2,400
$5,000 $500 $14,000 $2,000 $11,000 $100 $5,100 $2,400
$5,000 $500 $14,000 $2,000 $11,000 $100 $5,100 $2,400
$1,028,891 $0
$272,182 $29,000
$295,500 $70,500
$295,500 $85,500