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Section S. That the sum of $13,411,680.00 based on the estimated Water and Sewer <br />Budget, is hereby authorized out of utility fund revenues for the payment of operating expenses <br />and capital outlay of Water and Sewer Utility Departments, as hereinafter itemized: <br />WATER: <br />Warehouse <br />$ <br />114,596.00 <br />Billing & Collecting <br />$ <br />2,158,092.00 <br />Water Production <br />$ <br />3,030,817.00 <br />Water Distribution <br />$ <br />2,173,167.00 <br />Sub-Total <br />$ 7,476,672.00 <br />SEWER: <br />Sewer Maintenance <br />1,589,652.00 <br />Waste Water Treatment <br />$ <br />2,195,229.00 <br />Lift Station <br />$ <br />442,067.00 <br />Sub-Total <br />$ 4,226,948.00 <br />MERIT RAISES <br />$13,165.00 <br />Total Operating Expense <br />$ 11,716,785.00 <br />REVENUE BOND REQUIREMENTS FOR D <br />EBT SERVICE: <br />G.O. Refunding Bonds 2003 <br />$ <br />426,825.00 <br />G.O. Refunding Bonds 2010 <br />$ <br />1,167,735.00 <br />TWDB Loan <br />$ <br />100,335.00 <br />Total Bond Requirements <br />$ 1,694,895.00 <br />Grand Total <br />$ 13,411,680.00 <br />Section 6. That the sum of $1,694,895.00 is hereby appropriated out of the Water and <br />Sewer Interest & Sinking Funds for the purpose of paying accrued interest and making the <br />principal payments as the same mature on the Water and Sewer Revenue Bonds, and creating the <br />prescribed contingent and reserve fund therefore. <br />Section 7. That the sum of $1,780,353.00 is hereby authorized out of the Economic <br />Development Fund for payment of operating expenses and capital outlay for the Paris Economic <br />Development Corporation, as hereinafter itemized: <br />ECONOMIC DEVELOPMENT FUND: <br />Economic Development $ 1,780,353.00 <br />Total <br />$ 1,780,353.00 <br />4 <br />