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Item # 5.3. <br />of <br />~~ <br />^..- <br />aver <br />MEMORANDUM <br />TO: Mayor and City Council <br />FROM: Tim Simon, Finance Director <br />DATE: November 8, 2010 <br />SUBJECT: Enterprise Fund Budgets (Liquor and Wastewater) <br />The 2011 budgets for the liquor and wastewater operations will be presented and discussed <br />on Monday. The garbage fund budget will be presented at an upcoming meeting. Copies of <br />the budgets and capital improvements for the next several years are attached for your review. <br />Dave Potvin, liquor store manager, will be present to review the 2011 budget. In addition, <br />we will review the cash flow analysis of the liquor fund for the next several years. <br />As part of the budget process, staff has reviewed the customer user rates for wastewater. <br />Staff is not recommending a utility rate change. Gary Leirmoe, chief operator, will be <br />present to discuss the current year operating costs and the anticipated capital improvement <br />projects in the next couple of years. In addition, we will review the cash flow analysis of the <br />wastewater fund for the next several years. <br />Final adoption of the budgets will be on the agenda in December. <br />C:\Users\jmiller\AppData\Local\Microsoft\Windows\Temporary Internet <br />Files\Low\Content.IES\68D8GBW0\enterprise%20budgets[1 ].doc <br />