Agenda Packets - 1993/01/04 - Laserfiche WebLink

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Depreciation expense is 20.64% greater than that of 1992. Depreciation expense has • increased due to the final payment on the City's cold storage building being made in 1991 and the Sewer Utility's share of depreciation on it. The policy of the Council is to budget depreciation expense only on assets acquired with funds of the Sewer Utility. No depreciation is budgeted on assets acquired from contributions. The City's assets acquired from contributions are mostly sewer mains which were financed by special assessments to benefitted properties. The City's policy is to use that method of financing for the replacement of those assets. Capital Outlay is budgeted at $183,489. This is $153,270 more than the $30,219 budgeted in 1992. The amount budgeted for Capital Outlay may vary greatly from year to year and is dependent on the item(s) being replaced. Capital Outlay items are based upon: 1) a Vehicle and Equipment Plan adopted by the Council which is updated annually and 2) upon the City's Long Term Water & Sewer Systems Maintenance and Capital Improvements Plan adopted in 1983. The major Capital Outlay item for 1993 is a new sewer cleaning truck. This piece of equipment is used forpreventative maintenance cleaning as well as the opening of obstructed sewer lines. The net price of the unit is $165,000 after the trade in of the old unit. A schedule of all budgeted Capital Outlay items is provided below. SEWER FUND CAPITAL OUTLAY 120 ADMINISTRATION • ACC'T 703 - Upgrade Utility Billing Software $ 3,000 (Cost to be shared equally by Water & Sewer Funds) ACC'T 703 - Upgrade Personal Computer $ 1,500 (Cost to be shared equally by Water & Sewer Funds) ACC'T 703 - Upgrade Personal Computer Software $ 500 (Cost to be shared equally by Water & Sewer Funds) TOTAL ADMINISTRATION $ 5,000 ACC'T 703 - Cellular Phone - $ 350 ACC'T 703 - Truck Grease System $ 1,000 (Cost to be shared equally by Water & Sewer Funds) ACC'T 703 - Four Gas Analyzer $ 4,000 (Cost to be shared equally by General, Water & Sewer Funds) • ACC'T 703 - Patch Trailer $ 4,200 (Cost to be shared equally by General, Water & Sewer Funds)