NOTICE OF PUBLIC HEARING
PROPOSED BUDGET FOR FISCAL YEAR 2019-2020
KOOTENAI COUNTY WATER DISRICT #1
Notice
is hereby given that Kootenai County Water District #1 (KCWD1), Kootenai County
Idaho, will hold a public hearing for the consideration of the proposed budget
for the fiscal period December 1, 2019 to November 30, 2020, pursuant to the
applicable section(s) of Idaho Code. The
hearing will be held at the Fire sub-station, 7739 E. Sunnyside Road, Coeur
d’Alene, ID at 6:00 P.M. on Wednesday August 28, 2019. All interested resident patrons and tax
payers are invited to appear and show cause, if any, why such budget should or
should not be adopted.
2020 Condensed Budget
|
2019 Condensed Budget
|
2018 Condensed Budget
|
2018 Condensed Actual
|
|
REVENUES
|
||||
Water Service Revenue
|
177,867.00
|
127,500.00
|
120,500.00
|
147,637.00
|
Tax Revenue
|
131,133.00
|
123,600.00
|
120,000.00
|
130,346.00
|
Insurance Claim Refund
|
-
|
-
|
-
|
85,042.00
|
309,000.00
|
251,100.00
|
240,500.00
|
363,025.00
|
|
EXPENSES
|
||||
Utilities
|
51,000.00
|
55,250.00
|
43,250.00
|
55,749.00
|
Staff Costs
|
61,500.00
|
71,000.00
|
74,000.00
|
63,447.00
|
Depreciation
|
40,000.00
|
-
|
-
|
41,564.00
|
Professional Services
|
35,000.00
|
19,000.00
|
19,000.00
|
42,819.00
|
Maintenance & Operations
|
84,000.00
|
95,320.00
|
94,720.00
|
167,790.00
|
Debt Obligations
|
30,600.00
|
2,500.00
|
1,500.00
|
30,251.00
|
Office Expenses and Other
|
6,900.00
|
8,030.00
|
8,030.00
|
5,995.00
|
TOTAL EXPENSES
|
309,000.00
|
251,100.00
|
240,500.00
|
407,615.00
|
TOTAL INCOME/LOSS
|
-
|
-
|
-
|
(44,590.00)
|
The proposed revenues and expenditures for
fiscal year 2020 have been tentatively approved by the Kootenai County Water
District #1 Board of Directors (the “Board”) at their meeting held July 31,
2019. The Board recognizes that a change
to water rates will be necessary to realize the revenue stated in the Water
Service Revenue line.
