5.3. SR 11-24-2003 - Laserfiche WebLink

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then the Council can decide on the direction that this project should take. This project could be in the $1 million range and funds for this expenditure are in the WWTS fund balance. Bonding would need to be considered for a more expensive project. Two other financial items to note regarding the WWTS budget included a sewer availability charge (SAC) increase and the rate increase resolution. This rate increase resolution calls for a 3% increase in the rates for both 2004 and 2005. The city has done this type of rate increase resolution for the past few years and it is necessary in order to keep up with inflation. The other financial issue is the SAC increase. The attached memo from Terry Maurer explains the need for this SAC increase. The 2004 WWTS operating expenditures are actually projected to decrease as compared to 2003. This is due to the large amount of capital outlay that was in the 2003 budget as compared to 2004. On the other side of the equation, the 2004 revenues are projected to increase over the 2003 budget. This revenue increase is entirely in the SAC line item. The SAC projection for both 2003 and 2004 are expected to be conservative, especially if a rate increase is authorized by the City Council for 2004. Any revenues in excess of the expenditures are put into the fund balance to help finance major plant and equipment expenses. Recomm enda tion It is recommended that the City Council approve the following: · The resolution calling for a sewer rate increase for 2004 and 2005. · The SAC increase effective January 1, 2004. · Authorize the advertisement for an additional WWTS employee. · Authorize work to begin on the digester cover project and the plant head works project. · Approve the garbage/recycling, liquor store, and WWTS enterprise fund budgets. S:~Council~Pat~Budget~enterprise funds.doc