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ACCOUNT # DESCRIPTION  2004 ACTUAL   2005 BUDGET   2005 ACTUAL   2006 BUDGET 
11/30
CAPITAL PROJECTS
REVENUE
308.00.10 BEGINNING BALANCE       3,960,910.03      4,164,800.00       4,164,866.39     4,819,000.00
318.30.10 REAL ESTATE EXCISE TAX  1ST 1/4 %            74,057.21         135,000.00          130,203.23        100,000.00
318.30.11 REAL ESTATE EXCISE TAX  2ND 1/4 %            74,057.15         135,000.00          128,671.16        100,000.00
334.03.81 TIB GRANT FUNDS                       -                        -                         -          500,000.00
337.44.10 HB 2260 GRANT FUNDS                       -                        -                         -            50,000.00
361.11.10 INVESTMENT INTEREST            53,115.86         135,000.00          113,196.39          75,000.00
367.12.10 IN LIEU OF PARKING                       -            34,000.00            34,000.00                     -  
369.90.10 MISCELLANEOUS             1,100.00                      -                         -                100.00
379.34.10 WATER SYSTEM DEVELOPMENT            71,481.00          64,500.00            64,360.00          48,800.00
379.34.11 WATER SYSTEM CONNECTION FEES            56,834.00          51,200.00            51,180.00          38,500.00
379.35.10 SEWER SYSTEM DEVELOPMENT            99,347.00         115,000.00          113,529.00          66,500.00
379.35.11 SEWER SYSTEM CONNECTION FEES            69,800.00          79,500.00            79,566.00          46,600.00
397.19.10 FROM CURRENT FUND            20,000.00          20,000.00            20,000.00          20,000.00
397.19.11 FROM CURRENT FUND FOR SEWER                       -           100,000.00          100,000.00                     -  
397.31.10 FROM STREET FUND            16,000.00          16,000.00            16,000.00          66,000.00
397.34.10 FROM WATER FUND          216,000.00         216,000.00          216,000.00        226,000.00
397.35.10 FROM SEWER FUND          216,000.00         116,000.00          116,000.00          66,000.00
397.37.10 FROM REFUSE FUND            21,000.00          21,000.00            21,000.00          21,000.00
397.38.10 FROM STORM WATER FUND            46,000.00          36,000.00            36,000.00          41,000.00
TOTAL REVENUE       1,034,792.22      1,274,200.00       1,239,705.78     1,465,500.00
Text Box: The Town levies a 1/2% real estate excise tax on the sale of real property within the Town. These funds must be used to finance those capital projects specified in the Town's capital facilities plan. New water and sewer connection fees are deposited directly in this fund to help finance future improvement of these systems. The Town has received a $50,000 HB 2260 grant from San Juan County and a grant from the State Transportation Improvement Board to help finance phase three of the Guard Street Improvements. Also "in lieu of parking" funds are deposited into this reserve. Developers are allowed to pay into this fund when constructing parking at their project is not feasible. The Town will use these funds in the future to develop a parking area within the Town.
CAPITAL PROJECTS
EXPENDITURES
596.34.41 WATER PROFESSIONAL SERVICES                       -                        -                         -            15,000.00
1 GUARD STREET MAIN (PHASE 3)       15,000
596.34.63 WATER SYSTEM IMPROVEMENTS          341,039.56          95,000.00            92,068.64          88,000.00
1 GUARD STREET MAIN (PHASE 3)       80,000
2 NICHOLS STREET MAIN         8,000
596.35.41 SEWER PROFESSIONAL SERVICES                       -            15,000.00            12,385.89          90,000.00
1 NELSON STREET MAIN       15,000
2 SEWER MARINE LINE        75,000
596.35.63 SEWER SYSTEM IMPROVEMENTS       1,161,966.48         468,500.00          125,629.77        430,000.00
1 NELSON STREET MAIN     200,000
2 DEPARTMENT OF ECOLOGY ORDER     200,000
3 PUGET SOUND KEEPERS ALLIANCE       30,000
596.37.41 REFUSE PROFESSIONAL SERVICES                      -                         -              5,000.00
DEVELOP A YARD WASTE PROGRAM
596.41.41 STREET PROFESSIONAL SERVICES                        -            60,000.00            23,906.39          10,000.00
GUARD STREET MAIN (PHASE 3)
596.41.63 STREET IMPROVEMENTS                       -                        -                         -          825,000.00
GUARD STREET MAIN (PHASE 3)
TOTAL EXPENDITURES       1,503,006.04         638,500.00          253,990.69     1,463,000.00
CAPITAL PROJECTS
BEGINNING BALANCE       3,960,910.03      4,164,800.00       4,164,866.39     4,819,000.00
REVENUE ESTIMATE       1,034,792.22      1,274,200.00       1,239,705.78     1,465,500.00
EXPENDITURE APPROPRIATION       1,503,006.04         638,500.00          253,990.69     1,463,000.00
ENDING BALANCE       3,492,696.21      4,800,500.00       5,150,581.48     4,821,500.00
Text Box: The 2004 water project was to install a 327' pump pressure zone from the Marguerite Street water tank to the Top of the Harbor. The upgrade to the wastewater treatment plant was completed in early 2004 as was the new pump station in Sunshine Alley. The Malcolm Street sewer main will be relocated in 2005. A portion of the main is located on private property. The Town is under a Department of Ecology (DOE) compliance order to replace an ageing sewer main each year over the next ten years. The Town is also under a DOE order to make improvements at the wastewater plant to comply with our NDPES permit. The Town has been award a State Transportation Board grant for improvements on a portion of Guard Street. The water main on Guard will be replaced during the project. The Town will develop a yard waste management program in 2006. As of December 31, 2005, the burning of yard waste will be prohibited.
EQUIPMENT RESERVE
REVENUE
308.00.20 BEGINNING BALANCE          718,167.49         749,000.00          748,986.10        863,850.00
361.11.20 INVESTMENT INTEREST             9,640.00          22,000.00            18,900.86          10,000.00
369.90.20 SALE OF EQUIPMENT             4,351.51            2,000.00             1,617.23            1,000.00
397.19.20 FROM CURRENT FUND             7,000.00            7,000.00             7,000.00            7,000.00
397.19.21 FROM CURRENT FUND  FIRE DEPT            58,500.00          58,500.00            58,500.00          59,500.00
397.34.20 FROM WATER FUND            33,600.00          33,600.00            33,600.00          43,700.00
397.35.20 FROM SEWER FUND            35,300.00          35,300.00            35,300.00          45,900.00
397.37.20 FROM REFUSE FUND            34,800.00          34,800.00            34,800.00          33,900.00
397.38.20 FROM STORMWATER FUND                       -                        -                         -              4,400.00
397.40.20 FROM STREET FUND          133,150.00          40,450.00            40,450.00          44,150.00
TOTAL REVENUE          316,341.51         233,650.00          230,168.09        249,550.00
EQUIPMENT RESERVE
EXPENDITURES
591.22.66 LEASE PAYMENTS            51,115.42          53,500.00            53,441.18          53,500.00
 FIRE ENGINE
591.22.83 INTEREST PAYMENTS             7,299.54            5,000.00             4,973.78            2,600.00
 FIRE ENGINE
594.13.64 EQUIPMENT ADMINISTRATION            10,769.50            1,900.00             1,782.00            4,800.00
1 COMPUTER MAYOR'S OFFICE            800
2 MONITOR EXECUTIVE ASSISTANT            600
3 PRINTER EXECUTIVE ASSISTANT            600
4 COMPUTER CASH RECEIPTING DESK            700
5 COMPUTER SYSTEM ADMINISTRATOR         2,100
594.22.64 EQUIPMENT FIRE DEPARTMENT            1,000.00             1,097.45                     -  
594.31.64 EQUIPMENT STREET DEPARTMENT          189,645.63            1,000.00             1,392.52                     -  
594.34.64 EQUIPMENT WATER DEPARTMENT