Laserfiche WebLink
FORM B-1 2023 ADJUSTMENTS TO BASE BUDGET <br />DEPARTMENT #: 465 FUND: 602 <br />NAME:SEWER OPERATING <br />4 <br />Account #:4345 Amount (neg if decrease)$1,738 <br />PAYMENT PROCESSING <br />Description of Adjustment: <br />Benefits if done: <br />Implications if not done: <br />5 <br />Account #:4360 Amount (neg if decrease)$1,754 <br />INSURANCE <br />Description of Adjustment: <br />Benefits if done: <br />Implications if not done: <br />6 <br />Account #:4363 Amount (neg if decrease)$67 <br />AUTO INSURANCE <br />Description of Adjustment: <br />Benefits if done: <br />Implications if not done: <br />Credit card and ACH processing fees due to new customers and existing customers utilizing electronic payment <br />methods. <br />Cost of accepting credit card and ACH utility billing payments. <br />LMCIT Insurance Coverage (Property & Liability). LMCIT suggested increases for 2023 are not yet available, but in <br />2022 it was suggested to allow for a 5 to 10% increase for property coverage rates on average and 8 to 12% for <br />members with excess liability limits. Preliminary 10% increase has been assumed. <br />LMCIT Auto Insurance Coverage. LMCIT suggested increases for 2023 are not yet available, but in 2022 it was <br />suggested to allow for a 3 to 7% for auto rates. Preliminary 7% increase has been assumed. <br />103