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Depreciation expense is 7.47% greater than that of 1993. Depreciation expense has <br /> increased due to purchase of equipment in 1991 and the Sewer Utility's share of <br /> depreciation on it. The policy of the Council is to budget depreciation expense only <br /> on assets acquired with funds of the Sewer Utility. No depreciation is budgeted on <br /> assets acquired from contributions. The City's assets acquired from contributions <br /> are mostly sewer mains which were financed by special assessments to benefitted <br /> properties. The City's policy is to use that method of financing for the replacement <br /> of those assets. <br /> Capital Outlay is budgeted at $35,450. This is $148,039 less than the $183,489 <br /> budgeted in 1993. The amount budgeted for Capital Outlay may vary greatly from <br /> year to year and is dependent on the item(s) being replaced (a truck mounted sewer <br /> jet rudder budgeted at $1 6 98A for '993). Capital Outlay items are-based-upon: 1) <br /> a Vehicle and Equipment Plan adopted by the Council which is updated annually <br /> and 2) upon the City's Long Term Water & Sewer Systems Maintenance and Capital <br /> Improvements Plan adopted in 1983. The major Capital Outlay item for 1994 is the <br /> replacement of a departmental pick-up truck. A schedule of all budgeted Capital <br /> Outlay items is provided below. <br /> SEWER FUND CAPITAL OUTLAY <br /> 120 ADMINISTRATION <br /> • ACC'T 703 - Check protector/signer $ 750 <br /> (Cost to be shared by General, Water & Sewer Funds) <br /> ACC'T 703 - Fixed asset software $ 1,000 <br /> (Cost to be shared by General,Water & Sewer Funds) <br /> ACC'T 703 - Upgrade Personal Computer Software $ 500 <br /> (Cost to be shared equally by Water & Sewer Funds) <br /> TOTAL ADMINISTRATION - — $ 2,250 <br /> 121 OPERATIONS <br /> ACC'T 703 - Transmission retarder $ 2,500 <br /> ACC'T 703 - Video printer equipment $ 2,300 <br /> ACC'T 703 - Grease system $ 1,800 <br /> ACC'T 703 - Portable radio $ 800 <br /> • ACCT 703 - Pick-up truck $ 19,500 <br /> ACC'T 703 - Power converter $ 1,400 <br />