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id <br />DISPOSITION <br />REQUEST FOR COUNCIL CONSIDERATION <br />STAFF REPORT <br />AGENDA SESSION DATE. NOVEMBER 1, 1993 <br />Item Description: <br />1994 BUDGET — 7TH DRAFT <br />Administrator's Review/Recommendation: <br />- No comments to supplement this report <br />Comments attached. <br />Explanation/Summary (attach supplement sheets as necessary.) <br />S IDIi MARY: <br />Agendn Section: <br />Report Number: <br />Report Date; _11/01/93 _ <br />Attached for your consideration is the seventh draft of the 1994 Budget. The Budget needs to <br />be finalized so that staff may prepare material for the newsletter, budget video, and the budget <br />hearing. <br />Water Utility <br />The narrative accompanying the Water Utility Budget describes the budget in detail. A rate <br />increase of five cents is recommended. If approved the 1994 rate would be $1.15 per 1,000 <br />gallons. <br />Sewer Utility <br />The narrative accompanying the Sewer Utility Budget describes the budget in detail. Staff <br />recommends no rate increase. <br />Gas/Electric Franchise Fee Fund <br />Revenues of $176,766 are anticipated for 1994. Council has directed that $125,312 of fees be <br />transferred to the General Fund in 1994. <br />Street Light Utility <br />Tim Cruikshank has revised this budget per Council direction given at the last Work Session. A <br />separate memo from time is included in your packet. <br />Fire Improvement Bonds <br />The City's share of debt service on the Fire Improvement Bonds is $100,417 for 1994. The <br />City's share is raised by levying a property tax. <br />Don Brager, Finance Di otor-Treasurer <br />RE.COM• ENDATION: <br />