5.6. SR 11-20-1995 - Laserfiche WebLink

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ry o ikkl River ITEM 5.6. 10 10 WIM11i1M TO: Mayor & City Council FROM: Pat Klaers, City Admin ator DATE: November 20, 1995 P SUBJECT: Enterprise Funds Budget The City Council has three enterprise funds under its control. These enterprise funds are for the liquor store, wastewater treatment system (WWTS), and the garbage collection program. Attached for your review are the details of these three enterprise budgets as projected for 1996 activities. The City Council should review, discuss, and, as appropriate, change these budgets and then consider a motion to approve the budgets for 1996. The garbage collection program began in 1990. In 1993 the billing . responsibility for this program shifted to the Elk River Municipal Utilities department. Almost all of this budget (97 %) is for the fees that are paid to the three garbage collection firms that are contracted to provide services in the city. The city offers recycling to the residents on a bi- weekly basis and offers three different options for garbage collection services. The liquor store budget has generated a significant surplus of revenues over expenditures for the last ten years. A large part of this surplus is transferred into the general fund to help finance the Fire Hall expansion project, the City Hall facility, and the general operation of the city. In the past few years, in addition to the annual $58,000 for public buildings, anywhere from $85,000 to $125,000, has been transferred to the general fund to finance government activities in order to help keep the city tax levy and tax rate down. After the transfers into the general fund, the balance of excess revenues over expenditures is retained in the liquor store reserve. These funds are necessary for inventory purposes and in order to make improvements in the liquor store facility along with planning for the future. This future may include an additional facility as the community grows, and a new upgraded facility at a different Highway 169 location. A tentative new Northbound Liquor store site was purchased in 1995. • The WWTS budget receives operating revenues that are sufficient to meet its operating expenditures. Excess operating revenues are combined with sewer 13065 Orono Parkway • P.O. Box 490 • Elk River, MN 55330 • (612) 441 -7420 • Fax: (612) 441 -7425