HomeMy WebLinkAbout#17 WAC and SAC proforma discussion
MAYOR & COUNCIL COMMUNICATION
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DATE: 9/1/15
ITEM 17
AGENDA ITEM: WAC and SAC Proforma Discussion
SUBMITTED BY: Clark Schroeder Interim City Administrator
THROUGH: Cathy Bendel
REVIEWED BY: Cathy Bendel
SUGGESTED ORDER OF BUSINESS:
- Introduction of Item .............................................................. City Administrator
- Report/Presentation…………………………………………City Administrator
- Questions from Council to Staff ............................................. Mayor Facilitates
- Call for Motion ............................................................... Mayor & City Council
- Discussion ....................................................................... Mayor & City Council
- Action on Motion .................................................................... Mayor Facilitates
POLICY RECOMMENDER: City Council
FISCAL IMPACT: see attachment SUMMARY AND ACTION REQUESTED:
A request was made my Mayor Pearson to have a proforma on the cities WAC and SAC funds.
Assumptions need to be made that affect the cash flow of these funds which could have material
effect on their financial analysis. One assumption is what time frame is used to buildout current approved housing units that are in a WAC/SAC zone. The current balance of these funds is
healthy due to prepayments for hookups, but the concern is will the city be able to cash flow
these services 10-15 years down the road. Other factors could also affect these fund which need
to be considered during any long-range projections.
RECOMMENDATION: Discussion and information only.