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anticipated to be constructed in 1997 and these expenditures for the project <br />and for the furniture, £Lxtures, and equipment are not in the 1997 operating <br />budget. <br /> <br />In addition to the expenses for the liquor store building project that is <br />planned for 1997, the liquor store will also continue to transfer a significant <br />amount of funds into the city general fund in order to keep taxes low. The <br />liquor store transfers also helps finance the 1991 fire hall expansion project <br />and the 1993 City Hall building project. It is anticipated that the liquor store <br />will transfer $123,450 out of its profits in 1997 to help finance the general <br />operation of the city and for these two building projects <br /> <br />The WWTS budget receives operating revenues that are sufficient to meet its <br />operating expenses. Excess operating revenues from the rate payers are <br />combined with the sewer connection charges to help finance the plant <br />expansion project and to provide for the depreciation funding. A I million <br />dollar (Phase I) treatment plant expansion was undertaken in 1994 and 4.8 <br />million dollar treatment plant expansion was started in 1996. The debt for <br />these projects are listed in the operating budget. <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:\councilXbudentfd.doc <br /> <br /> <br />