FY 7/1/20-6/30/21
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: 7/16/2020 Time: 6:00 PM
Teton S-A
Budget Prepared by: Jim Terry, Treasurer
BUDGET MESSAGE
W.S. 16-4-104(d)
The FY 2021 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 adn WY DEQ. The mill levy tax to property owners will remain at 3.5 mills for FY 2021.
S-B
RESERVE DESCRIPTION
TVWSD has over $14 M 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 asset that fails unexpectedly. The policy includes $1.0 M in emergency reserves, a target of $2.5 M in capital reserves replacement and an amount equal to debt service requirements for the fiscal year. S-C
Names of Board Members Tim Carney, Chairman John B.L. Harkness, Secretary Jim Terry, Treasurer Frank Kaunitz, Director 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 11/3/20
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 2018-2019 Actual
OVERVIEW
2019-2020 Estimated
2020-2021 Proposed
Final Approval
S-3
Total Budgeted Expenditures Total Principal to Pay on Debt Total Change to Restricted Funds
$3,330,716 $351,500 -$531,148
$2,289,999 $362,266 $65,511
$2,617,807 $365,200 $0
$2,617,807 $365,200 $0
S-4
Total General Fund and Forecasted Revenues Available
$5,134,885
$5,232,741
$5,423,516
$5,466,460
S-5
Amount requested from County Commissioners
$765,912
$922,766
$1,006,381
$1,002,792
$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 7/1/20-6/30/21
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)
2018-2019 Actual
2019-2020 Estimated
2020-2021 Proposed
Final Approval
$1,631,529 $765,912 $0 $0 $0 $222,479 $0
$1,627,849 $922,766 $0 $0 $0 $167,161 $0
$2,619,920
$2,717,776 $2,615,363 $2,658,307 Teton Village Water and Sewer District
2018-2019 Actual $967,308 $82,046 $181,131 $1,180,769 $388,314 $531,148 $3,330,716 2018-2019 Actual $351,500 2018-2019 Actual
2019-2020 Estimated $419,895 $76,137 $189,067 $1,177,302 $427,598 $0 $2,289,999 2019-2020 Estimated $362,266 2019-2020 Estimated
$1,456,446 $1,006,381 $0 $0 $0 $152,536 $0
2020-2021 Proposed
$1,517,979 $1,002,792 $0 $0 $0 $137,536 $0
Final Approval
$619,300 $73,203 $226,180 $1,274,921 $424,203 $0 $2,617,807 2020-2021 Proposed
$619,300 $73,203 $226,180 $1,274,921 $424,203 $0 $2,617,807 Final Approval
$365,200 2020-2021 Proposed
$365,200 Final Approval
$2,514,965
$2,514,965
$2,808,153
$2,808,153
$450,000 $3,500,000 $0 $3,950,000
$450,000 $2,968,852 $0 $3,418,852
$450,000 $3,034,363 $0 $3,484,363
$450,000 $3,034,363 $0 $3,484,363
$0 $0 $0 $0
$0 $65,511 $0 $65,511
$0 $0 $0 $0
$0 $0 $0 $0
$3,950,000 $531,148 $3,418,852
$3,484,363 $0 $3,484,363
$3,484,363 $0 $3,484,363
$3,484,363 $0 $3,484,363
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
6/30/2021
PROPERTY TAXES AND ASSESSMENTS 2018-2019 Actual R-1 R-1.1 R-1.2
Property Taxes and Assessments Received Tax Levy (From the County Treasurer) Other County Support
$765,912
2019-2020 Estimated $922,766
2020-2021 Proposed $1,006,381
Final Approval $1,002,792
FORECASTED REVENUE 2018-2019 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 & Review Fees Other: See Additional Total Miscellaneous Total Forecasted Revenue
2019-2020 Estimated
2020-2021 Proposed
Final Approval
$0
$0
$0
$0
$1,631,529
$1,627,849
$1,456,446
$1,517,979
$1,631,529
$1,627,849
$1,456,446
$1,517,979
$0
$0
$0
$0
$108,813 $35,016 $78,650 $222,479 $1,854,008
$85,853 $37,155 $44,153 $167,161 $1,795,010
$75,000 $38,602 $38,934 $152,536 $1,608,982
$60,000 $38,602 $38,934 $137,536 $1,655,515
$0
$0
$0
$0
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)
Final Budget Teton Village Water and Sewer District NAME OF DISTRICT/BOARD
FYE
6/30/2021
CAPITAL OUTLAY BUDGET 2018-2019 Actual E-1
2020-2021 Proposed
Final Approval
Capital Outlay Real Property Vehicles Office Equipment Other (Specify) Water Sewer
E-1.1 E-1.2 E-1.3 E-1.4 E-1.5 E-1.6 E-1.7 E-1.8
2019-2020 Estimated
see additional details
TOTAL CAPITAL OUTLAY
$722,525 $229,440 $15,343 $967,308
$90,846 $277,430 $51,619 $419,895
$353,800 $205,000 $60,500 $619,300
$353,800 $205,000 $60,500 $619,300
ADMINISTRATION BUDGET 2018-2019 Actual E-2 E-2.1 E-2.2 E-2.3 E-2.4
Personnel Services Administrator Secretary Clerical Other (Specify)
2019-2020 Estimated
2020-2021 Proposed
Final Approval
$121,525
$121,425
$138,580
$138,580
$1,500
$1,900
$2,000
$2,000
$5,410 $10,300
$15,000 $10,300
$5,000 $11,000
$5,000 $11,000
$3,211 $1,772 $0 $0
$3,750 $2,030 $55 $0
$4,000 $4,000 $0 $0
$4,000 $4,000
$19,310 $100 $18,003 $181,131
$14,500 $60 $20,047 $189,067
$21,000 $100 $40,500 $226,180
$21,000 $100 $40,500 $226,180
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) Office & Apt Util, Maint & Landscaping Bank Charges see additional details
TOTAL ADMINISTRATION
Final Budget Teton Village Water and Sewer District
FYE
6/30/2021
OPERATIONS BUDGET 2018-2019 Actual E-7 E-7.1 E-7.2 E-7.3
Personnel Services Wages--Operations Service Contracts Other (Specify)
2019-2020 Estimated
2020-2021 Proposed
Final Approval
$600,087
$626,462
$678,921
$678,921
$6,250
$8,762
$13,000
$13,000
$10,008
$6,289
$15,000
$15,000
Operating supplies (List) Physical Plant - Water Physical Plant - Sewer
$15,988 $70,328
$18,018 $101,377
$21,000 $97,500
$21,000 $97,500
Program Services (List) Maint of Plant - Water Maint of Plant - Sewer
$76,485 $260,172
$87,531 $190,747
$93,500 $211,500
$93,500 $211,500
Contractual Arrangements (List) Engineering Services Consultant Fees
$11,892 $22,133
$16,500 $3,616
$14,500 $7,500
$14,500 $7,500
Other operations (Specify) Vehicle Maintenance Vehicle Gas & Oil Utilities
$1,937 $3,076 $102,413
$5,000 $5,000 $108,000
$5,000 $5,000 $112,500
$5,000 $5,000 $112,500
$1,180,769
$1,177,302
$1,274,921
$1,274,921
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 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 and Sewer District
FYE
6/30/2021
INDIRECT COSTS BUDGET 2018-2019 Actual E-14
2019-2020 Estimated
2020-2021 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
$13,944 $26,421 $3,100
$13,064 $28,926 $250
$13,370 $30,662 $743
$13,370 $30,662 $743
$669
$650
$700
$700
$45,199 $4,617 $10,060 $100,959 $159,526
$53,635 $7,234 $8,678 $117,146 $171,639
$50,685 $1,308 $6,458 $120,091 $174,420
$50,685 $1,308 $6,458 $120,091 $174,420
$10,571 $10,848 $2,400
$12,544 $11,432 $2,400
$11,854 $12,712 $1,200
$11,854 $12,712 $1,200
$388,314
$427,598
$424,203
$424,203
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 Taxes LTD & Vision Care
E-15.9 E-17
see additional details
TOTAL INDIRECT COSTS
DEBT SERVICE BUDGET 2018-2019 Actual D-1 D-1.1 D-1.2 D-1.3 D-2
2019-2020 Estimated
2020-2021 Proposed
Final Approval
Debt Service Principal Interest Fees TOTAL DEBT SERVICE
$351,500 $82,046
$362,266 $76,137
$365,200 $73,203
$365,200 $73,203
$433,546
$438,403
$438,403
$438,403
Final Budget Teton Village Water and Sewer District NAME OF DISTRICT/BOARD
FYE
6/30/2021
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
$3,418,852 $5,933,817
General Fund Reductions: a. Unpaid bills at FYE b. Reserves Total Deductions (a+b) Estimated Non-Restricted Funds Available
$3,418,852 $3,418,852 $2,514,965
$350,000 $3,484,363 $3,834,363 $2,099,454
2018-2019 Actual $450,000
2019-2020 Estimated $450,000
$450,000
$450,000
$450,000
$450,000
$0 $450,000
$0 $450,000
$0 $450,000
$0 $450,000
2018-2019 Actual $3,500,000
2019-2020 Estimated $2,968,852
Reserves (From Below)
C-1.5 C-1.6
Beginning
2019-2020 Estimated $542,288 $120,315 $1,852,362 $0 $3,418,852 $5,933,817
Balances at Beginning of Fiscal Year General Fund Checking Account Balance Savings and Investments Account Balance General Fund CD Balance All Other Funds
2018-2019 Actual $542,288 $120,315 $1,852,362
2020-2021 Final Approval Proposed $346,004 $346,004 $435,436 $435,436 $2,026,713 $2,026,713 $3,484,363 $6,292,516
$3,484,363 $6,292,516
$350,000 $3,484,363 $3,834,363 $2,458,153
$350,000 $3,484,363 $3,834,363 $2,458,153
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: 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
2020-2021 Final Approval Proposed $450,000 $450,000
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: May-19 Amount to be added to the reserve Date of Reserve Approval in Minutes: May-20 SUB-TOTAL Identify the amount and project to be spent a. W&S Projects b. c. Date of Reserve Approval in Minutes: May-20 TOTAL OTHER RESERVE OUTLAY (a+b+c) Balance to be retained
2020-2021 Final Approval Proposed $3,034,363 $3,034,363
$65,511 $3,500,000
$3,034,363
$3,034,363
$3,034,363
$0 $3,034,363
$0 $3,034,363
$0 $3,034,363
$531,148
$531,148 $2,968,852
BOND FUNDS 2018-2019 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
2019-2020 Estimated $0
2020-2021 Final Approval Proposed $0
$0
$0
$0
$0
$0
$0
$0
$0
$531,148
$0
$0
$0
Final Budget Teton Village Water and Sewer District NAME OF DISTRICT/BOARD
FYE
6/30/2021
ADDITIONAL DETAILS 2018-2019 Actual
Add to Section
Description
2019-2020 Estimated
2020-2021 Proposed
Final Approval
DATA INPUT
R-5.3 Miscellaneous
Reimbursements
$78,650
$44,153
$38,934
$38,934
E-1.7 Capital Outlay
Admin - Billing System & Office Updates
$15,343
$51,619
$60,500
$60,500
Passes, Annual Meeting & Legislative Change Books & Software Information Technology Notices & Election Expense Postage & Shipping Website Maintenance Telephone / Communications Travel & Mileage
$2,200 $1,230 $634 $223 $1,745 $49 $11,922 $0
$2,179 $1,852 $1,466 $550 $2,500 $500 $11,000 $0
$14,000 $6,000 $3,000 $2,000 $3,000 $1,500 $11,000 $0
$14,000 $6,000 $3,000 $2,000 $3,000 $1,500 $11,000 $0
$2,400
$2,400
$1,200
$1,200
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-5.8 Other E-15.9 Indirect payroll costs
Vehicle Allowance