Laserfiche WebLink
In 2017, the Capital Outlay expense includes a roof replacement at Northbound. In the cash flow analysis <br />we still anticipate the $850,000 advance for the quiet zone improvements. <br />Wastewater — As part of the updated long-range plan, staff recommends a 3% utility rate adjustment for <br />2016 which is consistent with prior year projections when we issued the sewer revenue bonds in 2014. <br />Staff has also updated the long-range financial model for the Wastewater Fund which incorporates the <br />costs of the facility expansion. <br />Personal — Consistent with 2015 budget. <br />Supplies —Operating Supplies remains the same due to anticipated use of ferric chloride which will be <br />needed for the new permit requirements. This accounts for the budget increase in 2015. <br />Other Services and Charges — The increase is related to the number of lift station/control panel <br />replacements needed in 2016. <br />Capital Outlay — Includes anticipated draw schedule for the expansion. <br />Financial model: Staff will review in detail the long range financial plan for the Wastewater Fund. The <br />projections were reviewed with Standard & Poor's during our bond issue last year and they felt <br />comfortable with our long-range plan in this fund. <br />Financial Impact <br />N/A <br />Attachments <br />■ Department worksheets <br />