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AGENDA ITEM 3C <br />STAFF ORIGINATOR Al Rolek <br />MEETING DATE January 22, 2001 <br />TOPIC <br />VOTE REQUIRED <br />BACKGROUND <br />Consideration of adopting Resolution 2001 -08 adopting the final <br />2001 Water and Sewer Operating Budgets <br />Simple Majority <br />The City Council reviewed the proposed 2001 Water and Sewer Operating Budgets at their <br />Budget work session held August 31, 2000. Since that time three items in the budgets have <br />been amended. First, the new 49er's contract calls for an `On Call' payment to employees <br />required to carry pagers. A line item has been added to each budget for this new pay category. <br />Second, the MCES Treatment Charges have been increased to reflect a more recent estimate of <br />this expense. <br />Finally, depreciation expense has been added into the budgets for both funds. This is a departure <br />from past budgeting practice and establishes a policy in our utility rate - setting structure. The <br />addition of this expense will remind us that at some point the water and sewer systems will need <br />to be replaced. By including depreciation in the budget we provide for the collection of revenue <br />over the life of the current infrastructure to finance its replacement at the end of its useful life. <br />The proposed revenues for this budget assume that the City Council has reviewed, adjusted and <br />adopted the new utility rate structure proposed by staff. <br />It has been the practice of the City Council to adopt the Water and Sewer Operating budgets by <br />resolution. Staff recommendation is to adopt Resolution 2001 -08 adopting the final 2001 Water <br />and Sewer Operating Budgets. <br />OPTIONS <br />1. Adopt Resolution 2001 -08 adopting the final 2001 Water and Sewer Operating Budgets. <br />2. Return to staff for further review. <br />3. Deny Resolution 2001 -08. <br />RECOMMENDATION <br />Option 1. <br />• <br />