07-17-1995 WS - Laserfiche WebLink

Home Browse Search

REQUEST FOR COUNCIL CONSIDERATION Agenda Section: MHOS REPORT Report Number: 1111( AGENDA SESSION DATE Report Date: DISPOSITION Item Description: Administrator's Review/Recommendation: - No comments to supplement this report - Comments attached. Explanation/Summary (attach supplement sheets as necessary.) SUMMARY; Presented herein are the first drafts of the Cable T.V., Surface Water Management, Water, and Wastewater Utility Funds. Each fund's budget will be reviewed briefly. Staff will be present at the July 14, 1995 budget review meeting to answer any questions you may have. CABLE T.V. FUND Cable T.V. activities are presented in two programs: Cable Casting Government Meetings and Cable T.V. Programming. The proposed 1996 budget of$18,543 for Cable Casting Government Meetings is $2,357 lower than 1995 as a result of the resignation of the Cable T.V. Technician and the anticipated hiring of a replacement at a lower wage. A budgeted wage increase of 3% caused the 1996 Cable T.V. Programming budget to increase by $1,585. Total proposed Cable T.V. expenditures for 1996 are $38,643. Estimated 1996 revenues of $44,500 are sufficient to finance proposed expenditures. An excess of revenues over expenditures of $5,857 is projected for 1996. SURFACE WATER MANAGEMENT FUND The proposed budget of the Street Sweeping program of the Surface Water Management Fund is $402 lower than the previous year's budget. Personnel Services has a budgeted increase of 3%, however, materials and supplies and contractual services have been budgeted slightly lower than 1995. The total Street Sweeping budget proposed for 1996 is $13,662. Proposed expenditures for System Maintenance of $94,734 are approximately $18,000 higher than the previous year due to contracted ditch and pond cleaning being scheduled for 1996 and a lower Capital Outlay budget. Contingency of$26,646 has been included. Total proposed expenditures of$108,396 are offset by a like amount of estimated revenues. WATER UTILITY FUND Expenses of the Water Fund are projected to increase by $145,466 in 1996 compared to 1995. Two large increases are beyond staff's control and are major factors in this increase. Projects financed by the xffinalized and have caused depreciation expense to increase to $101,112 from 47,804. R�at • ervice onhe Water Bonds will be $256,208 in 1996, whereas, in 1995 budgeted debt service was $188,908. Pursuant to the Utility Rate Study staff has projected water rates at $1.25 for 1996, an increase of $0.05. Projected 1996 net income is $3,982.