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It should be noted that the transfers to the general fund have increased to <br />$110,000 for 1999. This transfer is for general city services and excludes the <br />$31,250 transfer for the city hall debt service. <br /> <br />Typically, the WWTS budget receives sufficient operating revenues to meet <br />its operating expenses. However, in 1999, use of reserves are being projected <br />in ordeW to balance the budget based on a low estimate for sewer connection <br />charges. Hopefully connection charges will be higher than what is estimated <br />and reserves will not be required. Additionally the Council should note that <br />depreciation is listed as an expense in the operating budget in the amount of <br />$313,500. These funds are being put away for emergencies, plant repairs, <br />and a Possible future plant expansion. When the plant was expanded it was <br />understood that some of these depreciation funds may be needed to balance <br />the bu~tgets. <br /> <br />As pre~iously discussed with the City Council, the debt service is a long term <br />obligation based on the approximately $5 million worth of expenses that were <br />undertaken in 1994 and in 1996 for the expansion of the treatment plant. <br />This annual debt payment is scheduled to remain level over the next 19 <br /> <br />years. , <br /> <br />The City Council adopted a resolution in 1997 which called for increases in <br />sewer User fees for 1998 and 1999. The rate increases approved were at the 2 <br />percent per year level. <br /> <br />Recommendation <br /> <br />It is recommended that the City Council adopt a motion approving the three <br />attached enterprise fund budgets. <br /> <br />s:finance/budget/entfunds <br /> <br /> <br />