Agenda Packets - 1993/09/07 - Laserfiche WebLink

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STAFF REPORT SEPTEMBER 7, 1993 PAGE TWO SPECIAL REVENUE FUNDS BUDGETS Also attached for your review are the Proposed 1994 Budgets of various Special Revenue Funds. The Recreation Activity Fund's Proposed 1994 Budget of $179,854 is offset by estimated revenues of $182,864. The fund anticipates a small profit of $3, 010 for 1994. The City's cable T.V. related activities are accounted for in the Cable T.V. Fund. The fund's Proposed 1994 Budget is $40,830. This budget is financed from cable T.V. franchise fees. Recycling activities funded by a SCORE grant from Ramsey County are budgeted in the Recycling Fund. A partial funding of the Recycling Coordinator's salary and activities to promote recycling by residents are budgeted in this fund. The Proposed 1994 Budget is $23,823 . Presently the Storm Water Management Fund is financing the cost of the City's street sweeping program. The Proposed 1994 Budget of $31, 194 is offset by connection charges and appropriation of fund balance. Reenacting the ordinance which established the Street Light Utility has been proposed. Thus, a 1994 Proposed Budget of $75, 363 has been submitted. DEBT SERVICE Debt service of $100,417 is due in 1994 to the City of Blaine for the Fire Improvement Bonds of 1991. The referendum, approved by voters in 1990, provided for a property tax levy to pay principal and interest on the bonds. The City's proposed 1994 levy includes an amount for this debt service. WATER & SEWER UTILITIES A first draft of the Water Utility Budget is attached for your review. A rate increase to $1. 15 from $1. 10 is proposed for 1994 .. This increase was recommended in a utility rate study conducted by Tautges, Redpath & Co. , Ltd prior to issuance of Water Improvement Bonds of 1991, which financed the new water treatment plant, water tower, and other system improvements. Even at that rate a loss of $17, 122 is projected. Staff will review the proposed Water Utility Budget further and submit