Laserfiche WebLink
-2- <br />In the Utility Funds, a minor increase is expected in the water utility but a <br />substantial increase is expected in the sewer utility due to the loss of a <br />$35,000.00 one time sewer bill credit in 1973, and the addition of one new <br />Public Works employee. Total net income for the Utility Funds is estimated <br />at $86,450.00 of which $42,846.00 will be used for debt bonds and interest <br />which amounts to $148,535.00 in 1974. ($213,700 before the Ehler's report <br />reduction). <br />The balance of the net income will be used to build up the utility fund balance <br />from its dangerously low level of about $79,000.00. The utility fund balance <br />will be increased to provide for emergencies and to pay for the addition of <br />filtration facilities at Well No. 4, and the purchase of land and one additional <br />well at a later date. <br />The total debt levy will be 5.25 mills compared to 5.279 mills in 1973. <br />The anticipated tax increase on a $20,000.00 home will be $2.53 a year; on <br />a $25,000.00 home, $3.53 per year. <br />The Clerk agreed with the Council that the Village was presently in good <br />financial shape. However, he sounded a word of warning that unless the <br />Legislature provides new tax sources and relaxes the Levy Limitation Law, <br />problems may develop in funding anticipated 1975 disbursements. <br />General Fund <br />Water Utility <br />Sewer Utility <br />Receipts <br />1973 <br />419 ,083 <br />1974 <br />474,464 <br />Net Receipts <br />1973 1974 <br />114,900 123,900 <br />Net Receipts <br />1973 1974 <br />145,200 211,700 1. <br />Disbursements <br />1973 1974 <br />407,967 <br />499,655 <br />Net Disbursements <br />1973 1974 <br />86,303 94,975 <br />Net Disbursements <br />1973 1974 <br />103,000 154,175 <br />1. Sewer use charges to increase January 1, 1974 from $9.00 to $12.00 per <br />quarter. <br />MSP (Neisen- Hodges) To adopt Resolution No. 611 certifying a General tax levy <br />for 1973/74 of $192,620.00. 5 Ayes <br />MSP (Johnson- Baumgartner) To adopt Resolution No. 612 certifying a bond and <br />interest tax levy for 1973/74 of $105,689.00. <br />MSP (Pickar - Neisen) To adjourn at 8:50 P.M. <br />es <br />ectfully Submitted, <br />A /lc, <br />ennis S. Zy <br />Clerk- Administrator <br />5 Ayes <br />5 Ayes <br />