2013 BUDGET INFORMATION
The Budget for 2013 reflects the anticipated revenues primarily from water sales to existing customers. It also includes revenues from limited tap sales to new development in rural Boulder and Weld Counties, as well as in areas served by the Left Hand Water District that are within the Town of Frederick and lie within the District. Revenue projections in 2013 reflect no increase in water rates or in minimum monthly fees for regular tap-holding customers. The only rate change was a slight increase, from $6.70 to $9.00 per thousand gallons, for bulk water through hydrant meter rentals. It has been determined that sufficient levels of revenue and reserves can be reached and maintained without increasing other water rates in 2013. Water rates, fees, and charges are budgeted to pay all current operation and maintenance expenses of the system, to accumulate funds for future maintenance and replacement costs, and to create net revenue in the amount necessary to pay the principal and interest on all debt.
The 2013 Budget reflects an anticipated decrease in operating expenditures of approximately 2% from the 2012 budget, as well as expenditures for repair and replacement projects for existing infrastructure, and for regional raw water supply and delivery projects in which the District is participating. The majority of the capital projects in 2013 will be funded by the Board designated reserve fund for replacement of aging infrastructure. Replacement funds come from water rates and replacement projects are included in long range plans and prioritized on an annual basis.
Summary of 2013 Budgeted Revenues and Expenditures: