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FORM B-1 2022 ADJUSTMENTS TO BASE BUDGET <br />DEPARTMENT #: 494 FUND:601 <br />NAME:WATER OPERATING <br />4 <br />Account #:4340 Amount (neg if decrease)$6,500 <br />ADVERTISING (PRINTING/PUBLISHING) <br />Description of Adjustment: <br />Mail CCR Report <br />Benefits if done: <br />Implications if not done: <br />5 <br />Account #:4360 Amount (neg if decrease)$1,037 <br />INSURANCE <br />Description of Adjustment: <br />Benefits if done: <br />Implications if not done: <br />6 <br />Account #:4363 Amount (neg if decrease)$49 <br />AUTO INSURANCE <br />Description of Adjustment: <br />LMCIT suggests cities may want to allow for 3 to 7% increases for auto rates. <br />Benefits if done: <br />Implications if not done: <br />Increase Postage and Printing to accommodate a CCR mailed to all customers. <br />MDH requires we make the CCR available to all residents annually. This may also provide an opportunity to <br />disseminate water treatment plant information to residents and businesses. <br />Wouldn't mail CCR nor have an opportunity to mail water treatment updates to residents and businesses. <br />LMCIT Insurance Coverage (Property & Liability). Given the reinsurance uncertainty, for budgeting purposes cities <br />may want to allow for a 5 to 10% increase for property coverage rates on average and 8 to 12% for members with <br />excess liability limits. <br />103