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Home My WebLink About2016.10.18_OPWA AgendaPUBLIC NOTICE OF THE MEETING OF THE RECEIVED OWASSO PUBLIC WORKS AUTHORITY OCT 4 2 Council Chambers, Old Central Building 109 N Birch, Owasso, OK 74055 City Clerks Office Regular Meeting Tuesday, October 18, 2016 - 6:30 pm 1. Call to Order Chair Lyndell Dunn 2. Roll Call 3. Consideration and appropriate action relating to a request for approval of the Consent Agenda. (All matters listed under "Consent" are considered by the Trustees to be routine and will be enacted by one motion. Any Trustee may, however, remove an item from the Consent Agenda by request. A motion to adopt the Consent Agenda is non - debatable.) A. Approve minutes: • October 4, 2016, Regular Meeting • October 11, 2016, Regular Meeting B. Approve claims 4. Consideration and appropriate action relating to items removed from the Consent Agenda 5. Consideration and appropriate action relating to an amendment for re- appropriation of a Carryover Budget in FY 2016 -2017 Linda Jones Staff recommends approval of the FY 2017 budget amendment to increase the appropriation for expenditures by $200,257. 6. Report from OPWA Manager 7. Report from OPWA Attorney B. Official Notices to Authority (documents for acknowledgment or information only, no discussion or action will be taken) • Payroll Payment Reports: o Pay Period Ending Date 10/1/16 • Monthly Budget Status Report - September 2016 9. New Business (New Business is any item of business which could not have been foreseen at the time of posting of the agenda) 10. Adjournment Notice of Public Meeting filed in the office of the City Clerk and the Agenda posted at City Hall, 200 S Main, at 6:00 pm on Friday, October 14, 2016. %v ?/ Sherry orl C Clerkr /. OWASSO PUBLIC WORKS AUTHORITY MINUTES OF REGULAR MEETING Tuesday, October 4, 2016 The Owasso Public Works Authority met in regular session on Tuesday, October 4, 2016, in the Council Chambers at Old Central, 109 N Birch, Owasso, Oklahoma per the Notice of Public Meeting and Agenda filed in the office of the City Clerk and posted at City Hall, 200 S Main (west side), at 6:00 pm on Friday, September 30, 2016, 1. Call to Order Chair Lyndell Dunn called the meeting to order at 7:57 pm. 2. Roll Call Present Chair - Lyndell Dunn Trustee - Doug Bonebrake Trustee - Bill Bush Trustee -Jeri Moberly A quorum was declared present. Staff: Authority Manager - Warren Lehr Authority Attorney - Julie Lombardi Absent Vice - Chair- Chris Kelley 3. Consideration and appropriate action relating to a request for approval of the Consent Agenda. (All matters listed under "Consent" are considered by the Trustees to be routine and will be enacted by one motion. Any Trustee may, however, remove an item from the Consent Agenda by request. A motion to adopt the Consent Agenda is non - debatable.) A. Approve minutes: • September 20, 2016, Regular Meeting B. Approve claims Mr. Bush moved, seconded by Ms. Moberly to approve the Consent Agenda with claims totaling $393,004.48. YEA: Bonebrake, Bush, Moberly, Dunn NAY None Motion carried: 4 -0 4. Consideration and appropriate action relating to items removed from the Consent Agenda None 5. Consideration and appropriate action relating to Resolution 2016 -03, approving professional services agreements; providing preliminary approval with respect to the issuance of the Authority's Sales Tax Revenue Note, Series 2016; and containing other provisions relating thereto Sherry Bishop presented the item recommending approval of Resolution 2016 -03. There were no comments from the audience. After discussion, Mr. Bush moved, seconded by Mr. Bonebrake to approve Resolution 2016 -03, as recommended. YEA: Bonebrake, Bush, Moberly, Dunn NAY None Motion carried: 4 -0 OPWA October 4, 2016 Page 2 6. Report from OPWA Manager None 7. Report from OPWA Attorney None B. Official Notices to Authority (documents for acknowledgment or information only, no discussion or action will be taken) • Payroll Payment Reports: o Pay Period Ending Date 9/17/16 9. New Business (New Business is any item of business which could not have been foreseen at the time of posting of the agenda) None 10. Adjournment Ms. Moberly moved, seconded by Mr. Bonebrake to adjourn the meeting. YEA: Bonebrake, Bush, Moberly, Dunn NAY None Motion carried 4 -0 and the meeting adjourned at 8:07 pm. Lyndell Dunn, Chair Lisa Wilson, Minute Clerk OWASSO CITY COUNCIL, OPWA & OPGA MINUTES OF JOINT REGULAR MEETING Tuesday, October 11, 2016 The Owasso City Council, Owasso Public Works Authority, and Owasso Public Golf Authority met in a joint regular meeting on Tuesday, October 11, 2016, in the Council Chambers at Old Central, 109 N Birch Street, Owasso, Oklahoma per the Notice of Public Meeting and Agenda filed in the office of the City Clerk and posted at City Hall, 200 S Main (west side), at 6:00 pm on Friday, October 7, 2016. 1. Call to Order Mayor /Chair Lyndell Dunn called the meeting to order at 6:00 pm. Present Absent Mayor /Chair - Lyndeli Dunn None Vice - Mayor /Vice- Chair- Chris Kelley Councilor /Trustee - Doug Bonebroke Councilor /Trustee - Bill Bush Councilor /Trustee -Jeri Moberly A quorum was declared present. 2. Discussion relating to the issuance of the OPWA Sales Tax Revenue Note, Series 2016 to finance capital improvements projects Sherry Bishop introduced Ben Oglesby, Financial Advisor. Linda Jones presented the item and discussion was held. Mr. Oglesby answered questions. Ms. Jones presented the monthly sales tax report, listed in Item 10, and discussion as held. It was further explained that items would be placed on the November 1, 2016, Council and OPWA agendas for consideration and action. 3. Presentation and discussion relating to the Wastewater Master Plan Dwayne Henderson introduced Ryan Christopher of Greeley and Hansen, who presented the item and discussion was held. 4. Presentation and discussion relating to Community Center user fees Larry Langford presented the item and discussion was held. It was further explained that an item would be placed on the October 18, 2016, Council agenda for consideration and action. 5. Discussion relating to Community Development items A. Final Plat - Carrington Pointe II (south of Carrington Pointe 1) B. Final Plat - Oklahoma Central Credit Union (northeast corner of the intersection of N 129 E Ave and E 116 St N) C. Tax Increment Financing (TIF) District in Owasso's Redbud District Bronce Stephenson presented items 3A, 3B, 3C and discussion was held. It was further explained that items 3A and 3B would be placed on the October 18, 2016, Council agenda for consideration and action. It was further explained that item 3C would be placed on the November work session to continue discussion. 6. Discussion relating to the supplemental appropriation carryover budgets Linda Jones presented the item and discussion was held. It was further explained that an item would be placed on the October 18, 2016, Council and OPWA agendas for consideration and action. Owasso City Council, OPWA & OPGA October 11, 2016 Page 2 Discussion relating to the renewal of property insurance Sherry Bishop presented the item and discussion was held. It was further explained that an item would be placed on the October 18, 2016, Council agenda for consideration and action. 8. Discussion relating to a proposed amendment to the Owasso Code of Ordinances, Part 10, Chapter 8, Alarms Scott Chambless presented the item and discussion was held. Bill Allen, Civilian Administrator, answered questions. It was further explained that an item would be placed on the November worksession for additional discussion. Consideration and appropriate action relating to a request for an executive session for the purpose of discussing confidential communications between the City Council and the City Attorney concerning the potential acquisition of real property located at 10010 N Garnett Rd, as provided for in Title 25, O.S. Section § 307(B)(3) Bill Bush moved, seconded by Jeri Moberly to enter into executive session. YEA: Bonebrake, Bush, Kelley, Moberly, Dunn NAY: None Motion carried: 5 -0 At 8:41 pm, the Council, along with Warren Lehr, Julie Lombardi, and Rogers Stevens entered into executive session. At 9:02 pm, the Council returned to open session. 10. Discussion relating to City Manager items • Monthly sales tax report • City Manager report Linda Jones presented the Monthly sales tax report under Item 2. Under the City Manager Report, Mr. Lehr advised that a resolution calling for an election for Wards 3 and 4 would be presented for Council consideration and action in November; and advised that The Wall That Heals, mobile Vietnam Veterans Memorial would be displayed at the Tulsa Tech Owasso Campus from Thursday, October 13 through Sunday, October 16. 11. City Council/Trustee comments and inquiries None 12. Adjournment The meeting adjourned at 9:09 pm. Lyndell Dunn, Mayor /Chair Juliann M. Stevens, Minute Clerk Claims List 10/18/2016 Budget Unit Title Vendor Name Payable Description Payment Amount OPWA ADMINISTRATION JPMORGAN CHASE BANK CHARACTER TRAINING 24.95 JPMORGAN CHASE BANK CHARACTER TRAINING 158.00 ONEOK, INC OKLAHOMA NATURAL GAS NATURAL GAS USAGE 98.01 UNIFIRST HOLDINGS LP UNIFORM CLEANING 31.07 UNIFIRST HOLDINGS LP UNIFORM CLEANING 33.47 UNIFIRST HOLDINGS LP UNIFORM CLEANING 33.17 UNIFIRST HOLDINGS LP UNIFORM CLEANING 33.47 COX COMMUNICATIONS DIGITAL TV ADAPTER 114.47 CITY GARAGE LABOR /OVERHEAD CHGS - OCT 170.33 BLUE ENERGY FUELS, LLC CNG FUEL PURCH - SEPT, 20 24.39 JPMORGAN CHASE BANK OWASSO CHAMBER - LUNCHEON 15.00 JPMORGAN CHASE BANK SAMSCLUBSUPPLIES 160.77 JPMORGAN CHASE BANK OFFICE DEPOT - SUPPLIES 62.76 AT &T LONG DISTANCE PHONE BILL 5.67 JPMORGAN CHASE BANK WALMARTSUPPLIES 49.77 JPMORGAN CHASE BANK WALMART- SUPPLIES 7.28 JPMORGAN CHASE BANK 1OFFICE DEPOT - SUPPLIES 20.92 TOTAL OPWA ADMINISTRATION 1,043.50 UTILITY BILLING TODD C. KIMBALL METER READER 855.00 TECHNICAL PROGRAMMING SERVICES INC BILLING SERVICES 1,367.20 ONEOK, INC OKLAHOMA NATURAL GAS BILLING SERVICES 2,525.51 TODD C. KIMBALL METER READER 583.20 TYRONE EUGENE DINKINS METER READER 272.85 TOTAL UTILITY BILLING 5,603.76 WATER JPMORGAN CHASE BANK GREENHILL- GRAVEL 332.86 JPMORGAN CHASE BANK HD SPLY -R900I REGISTER 471.36 JPMORGAN CHASE BANK HD SPLY -CTS ELBOWS 3,303.45 JPMORGAN CHASE BANK HD SPLY -METER CANS /PIPE 2,074.10 TREASURER PETTY CASH TRAVEL EXPENSE 206.50 TREASURER PETTY CASH TRAVEL EXPENSE 206.50 VERDIGRIS VALLEY ELECTRIC COOP WATER CONTROL ELECTRIC 30.60 JPMORGAN CHASE BANK BROWN FARMS-SOD 57.50 JPMORGAN CHASE BANK HD SPLY -METER CANS /SETS 725.00 JPMORGAN CHASE BANK HD SPLY -METER CAN /BRAUMS 560.00 JPMORGAN CHASE BANK HD SPLY - SETTERS /BRAUMS 1,299.90 BLUE ENERGY FUELS, LLC CNG FUEL PURCH - SEPT, 20 56.90 CITY GARAGE LABORIOVERHEAD CHGS - OCT 1,986.41 JPMORGAN CHASE BANK HD SPLY - TALLGRASS METERS 11,835.25 UNIFIRST HOLDINGS LP UNIFORM CLEANING 50.50 CITY GARAGE VEH PARTS PURCH -SEPT, 2 247.05 FLEETCOR TECHNOLOGIES FUELMAN EXP - SEPT, 2016 1,006.41 TWIN CITIES READY MIX, INC 1DRIVEWAY REPAIR 528.00 Page 1 Claims List 10/18/2016 Budget Unit Title Vendor Name Payable Description Payment Amount WATER... CITY OF TULSA UTILITIES WATER 108,106.58 CITY OF TULSA UTILITIES WATER 222,937.08 TWIN CITIES READY MIX, INC CONCRETE 144.00 UNIFIRST HOLDINGS LP UNIFORM CLEANING 50.50 UNIFIRST HOLDINGS LP UNIFORM CLEANING 50.50 UNIFIRST HOLDINGS LP UNIFORM CLEANING 50.50 TOTAL WATER 356,317.45 WASTEWATER TREATMENT UNIFIRST HOLDINGS LP UNIFORM CLEANING 48.31 UNIFIRST HOLDINGS LP UNIFORM CLEANING 67.11 UNIFIRST HOLDINGS LP UNIFORM CLEANING 63.45 JAMES A. OZBUN REPAIRS 3,140.00 BH MEDIA HOLDING GROUPS, INC LEGAL NOTICES 57.60 FLEETCOR TECHNOLOGIES FUELMAN EXP - SEPT, 2016 561.59 CITY GARAGE VEH PARTS PURCH - SEPT, 2 39211 CITY GARAGE LABORIOVERHEAD CHGS - OCT 907.66 UNIFIRST HOLDINGS LP UNIFORM CLEANING 51.91 JPMORGAN CHASE BANK HUTHER & ASSOC -BIG TEST 925.00 JPMORGAN CHASE BANK GRAINGER- IMPELLER 10.49 JPMORGAN CHASE BANK GRAINGER- VOLUTE 16.37 JPMORGAN CHASE BANK GRAINGER- FUNNEL 7.84 JPMORGAN CHASE BANK GRAINGER- DIESEL CAN /LIGHT 87.30 JPMORGAN CHASE BANK KOMLINE- STEERING CYLINDER 445.45 JPMORGAN CHASE BANK NCL -HEAT ELEMENT 858.44 JPMORGAN CHASE BANK OREILLY- RAGS /HAND CLEANER 18.98 JPMORGAN CHASE BANK OREILLY- TORQUE WRENCH 29.99 JPMORGAN CHASE BANK REASORS -LAB WATER 7.44 JPMORGAN CHASE BANK HD SPLY - MANHOLE HOOK 47.11 JPMORGAN CHASE BANK HACH -COD TESTING 234.34 JPMORGAN CHASE BANK HACH - AMMONIA TESTING 125.98 JPMORGAN CHASE BANK HACH - AMMONIA TESTING 310.84 JPMORGAN CHASE BANK TULCO OILS- HYDRAULIC OIL 302.00 AT &T LONG DISTANCE PHONE BILL 0.74 JPMORGAN CHASE BANK WASTE MGMT- SLUDGE REMOVAL 1,612.52 JACQUELYN BROOKE KONONCHUK FOG MANAGEMENT INSPECTION 2,550.00 JPMORGAN CHASE BANK LOWES- THROTTLE CABLE 49.11 JPMORGAN CHASE BANK GREEN CO- SLUDGE TESTING 130.00 JPMORGAN CHASE BANK LOWES -BIT DRIVER SET 56.88 JPMORGAN CHASE BANK AMER SPORTWORKS- CABLES 50.82 JPMORGAN CHASE BANK NCL - PIPETS BASKET 239.70 JPMORGAN CHASE BANK NCL -ACID 333.94 JPMORGAN CHASE BANK NCL - BAROMETER 110.91 JPMORGAN CHASE BANK LOWES -ROPE 18,03 VERIZON WIRELESS IWIRELESS CONNECTION 80.02 Page 2 Claims List 10/18/2016 Budget Unit Title I Vendor Name Payable Description IPayment Amount TOTAL WASTEWATER TREATMENT 13,949.98 WASTEWATER COLLECTION; VERIZON WIRELESS WIRELESS CONNECTION 80.04 JPMORGAN CHASE BANK J & R EQUIP - CAMERA PARTS 109.35 JPMORGAN CHASE BANK ATWOOD- GENERATOR OIL 71.82 JPMORGAN CHASE BANK BUMP2BUMP- OIL /AIR FILTERS 136.15 VERDIGRIS VALLEY ELECTRIC COOP COFFEE CREEK ELECTRIC 418.49 VERDIGRIS VALLEY ELECTRIC COOP GARRETT CREEK ELECTRIC 125.44 VERDIGRIS VALLEY ELECTRIC COOP GARRETT CREEK ELECTRIC 256.73 JPMORGAN CHASE BANK HD SUPPLY- REPAIR CLAMPS 334.68 JPMORGAN CHASE BANK HD SUPPLY -W WC TOOLS 42.05 UNIFIRST HOLDINGS LP UNIFORM CLEANING 42.08 BLUE ENERGY FUELS, LLC CNG FUEL PURCH - SEPT, 20 204.12 CITY GARAGE LABOR/OVERHEAD CHGS - OCT 1,250.25 CITY GARAGE VEH PARTS PURCH -SEPT, 2 152.00 FLEETCOR TECHNOLOGIES FUELMAN EXP - SEPT, 2016 185.26 LOT MAINTENANCE OF OKLAHOMA, INC. VACTOR LIFT STATION 2,600.00 UNIFIRST HOLDINGS LP UNIFORM CLEANING 42.08 UNIFIRST HOLDINGS LP UNIFORM CLEANING 42.08 UNIFIRST HOLDINGS LP UNIFORM CLEANING 42.08 ONEOK, INC OKLAHOMA NATURAL GAS NATURAL GAS USAGE 150.69 ONEOK, INC OKLAHOMA NATURAL GAS NATURAL GAS USAGE 22.47 TOTAL WASTEWATER COLLECTIONS 6,307.86 REFUSE COLLECTIONS JPMORGAN CHASE BANK STEVES WHLSE - CHISEL SET 16.98 UNIFIRST HOLDINGS LP UNIFORM CLEANING 33.50 UNIFIRST HOLDINGS LP UNIFORM CLEANING 11.26 JPMORGAN CHASE BANK LOWES- HARDWARE 2.48 UNITED ENGINES, LLC GRABBER GEAR ASSEMBLY 1,105.78 CRANE CARRIER COMPANY REPAIR HUB & DRUM 581.55 FLEET SERVICE OF TULSA, INC SERVICE UNIT 151 489.84 FLEETCOR TECHNOLOGIES FUELMAN EXP - SEPT, 2016 3,476.99 CITYGARAGE VEH PARTS PURCH -SEPT, 2 2,333.83 CITY GARAGE LABORIOVERHEAD CHGS - OCT 4,179.08 UNIFIRST HOLDINGS LP UNIFORM CLEANING 33.50 BLUE ENERGY FUELS, LLC CNG FUEL PURCH - SEPT, 20 990.11 JPMORGAN CHASE BANK FLEETPRIDE- RADIATOR HOSE 24.04 JPMORGAN CHASE BANK AMERIFLEX- BACKHOE HOSE 108.75 JPMORGAN CHASE BANK BUMP2BUMP- CHISEL 6.99 JPMORGAN CHASE BANK FASTENAL -METAL FILE 8.20 JPMORGAN CHASE BANK LOWES -METAL FILE 6.98 JPMORGAN CHASE BANK FASTENAL -BOLTS 9.00 COVANTA LANCASTER, INC REFUSE TIPPING FEES 4,876.00 JPMORGAN CHASE BANK ISTEVES WHLSE -TOOL BOX 49.75 Page 3 Claims List 10118/2016 Budget Unit Title I Vendor Name Payable Description IPaymentAmount TOTAL REFUSE COLLECTIONS 18,344.61 RECYCLE CENTER JPMORGAN CHASE BANK GRAINGER- BLOWER/DRILL BIT 195.19 JPMORGAN CHASE BANK WASTE MGMT - TIPPING FEES 1,031.45 OSI ENVIRONMENTAL INC OIL RECYCLING 125.00 JPMORGAN CHASE BANK QUIK SERVICE -STEEL 1,491.50 AT &T LONG DISTANCE PHONE BILL 0.18 UNIFIRST HOLDINGS LP UNIFORM CLEANING 6.72 CITY GARAGE LABOR/OVERHEAD CHGS - OCT 351.50 EKLUND HEAT & AIR LLC REPLACED BLOWER MOTOR 375.50 UNIFIRST HOLDINGS LP UNIFORM CLEANING 6.72 UNIFIRST HOLDINGS LP UNIFORM CLEANING 6.72 UNIFIRST HOLDINGS LP JUNIFORM CLEANING 6.72 TOTAL RECYCLE CENTER 3,597.20 405,164.3 FUND GRAND TOTAL OPWA GRAND TOTAL $405,164.36 nTity wit lout limits. TO: The Honorable Chair and Trustees Owasso Public Works Authority FROM: Linda Jones, Finance Director SUBJECT: Supplemental Appropriation Carryover Projects DATE: October 14, 2016 BACKGROUND: Every year at the June 30 fiscal year end, there are unspent budgets. While the appropriation of these items was included in the FY 2016 budget, the actual expenditure for all or part of these open items will occur during FY 2017. One example is the Sports Park water line. It was approved by Council for expenditure from the FY 2016 budget. However, the completion of the upgrade will occur in FY2017. Because the services were appropriated in FY 2016, they were not included in the FY 2017 Budget. Because the FY 2017 budget was prepared prior to year -end, before it was known whether funds would be expended or not, fund balances used to develop the budget were projected as though all non -salary budgets would be expended by year -end. Therefore, approval of carryover budgets does not reduce estimated June 30, 2017, fund balances. In order to keep from having purchase orders open for multiple years, past practice of Council is to close prior year purchase orders at the end of September and re- appropriate the funds in the subsequent year along with authorizing the City to re -issue the purchase orders in the new year. Furthermore, since Generally Accepted Accounting Principles (GAAP) do not recognize encumbrances, closing out old encumbrances where goods and services have not been received, will enable the City's budgetary financial statements to more closely align with audited GAAP statements. RECOMMENDATION: Staff recommends approval of the FY 2017 budget amendment to increase the appropriation for expenditures by $200,257 in the Owasso Public Works Authority. ATTACHMENT: Budget Carryover Summary BUDGET CARRYOVER SUMMARY FYE 30- Jun -2016 REVENUE EXPENDITURE FUND FUND DEPT DEPARTMENT CARRYOVER CARRYOVER OPWA 61 405 UTILITY BILLING 2,720 OPWA 61 420 OPWA -WATER 32,832 OPWA 61 450 OPWA -WWTP - OPWA 61 455 OPWA - WASTEWATER COLL - OPWA 61 480 OPWA- REFUSE 88,840 OPWA 61 485 OPWA- RECYCLE CENTER 75,865 $ 200,257 OWASSO PUBLIC WORKS AUTHORITY PAYROLL PAYMENT REPORT PAY PERIOD ENDING DATE 10/01/16 Department Payroll Expenses Total Expenses OPWA Administration 10,812.35 15,999.98 Utility Billing 5,724.80 10,841.11 Water 14,092.14 24,097.37 Wastewater 11,413.03 19,818.14 Wastewater Collection 9,312.40 14,816.13 Refuse 12,971.01 20,341.91 Recycle Center 998.40 1,581.46 FUND TOTAL 65,324.13 107,496.10 OWASSO PUBLIC WORKS AUTHORITY - OPERATING FUND FISCAL YEAR 2016 -2017 Budgetary Basis Statement of Revenues & Expenses As of September 30, 2016 NONOPERATING REVENUES (EXPENSES) Interest MONTH YEAR $ PERCENT $ TO -DATE TO -DATE BUDGET OF BUDGET OPERATING REVENUES: 3,163 12,275 Water $ 595,648 $ 1,851,153 $ 5,759,000 32.14% Wastewater 350,080 1,034,444 4,214,500 24.54% Refuse & recycle 163,002 493,978 1,969,325 25.08% Other Utility fees 21,323 64,921 262,925 24.69% TOTAL OPERATING REVENUES 1,130,053 3,444,496 12,205,750 28.22% OPERATING EXPENSES: OPWA administration $ (50,792) $ (148,634) $ (830,833) 17.89% Utility Billing (36,349) (103,676) (459,946) 22.54 % Water (422,941) (1,246,692) (4,197,013) 29.70% Wastewater (128,897) (388,764) (2,213,202) 17.57% Refuse & Recycle (80,543) (232,200) (1,730,406) 13.42% Debt payments (218,394) (778,734) (3,268,222) 23.83% TOTAL OPERATING EXPENSES (937,917) (2,898,700) (12,699,622) 22.83% OPERATING REVENUES OVER EXPENSES 192,136 545,796 (493,872) NONOPERATING REVENUES (EXPENSES) Interest $ 651 $ 1,775 $ 20,000 8.87% Other revenues 528 3,163 12,275 25.77% Transfers in 125,000 125,000 424,047 29.48% Transfers out - - - 0.00% TOTAL TRANSFERS 126,180 129,938 456,322 LONG -TERM DEBT PROCEEDS AND EXPENDITURES Proceeds of long -term debt $ - $ 596,774 $ 625,988 Expenditures of long -term debt (596,774) (625,000) TOTAL LONG -TERM DEBT PROCEEDS AND EXPENDITURES - - 988 NET INCOME (LOSS) $ 318,316 $ 675,734 $ (36,562) ENCUMBRANCES OUTSTANDING WORKING CAPITAL - Beginning Balance $ (647,622) 1,032,986 1,032,986 WORKINGCAPITAL - EndingBalance $ 1,061,098 $ 996,424