Laserfiche WebLink
TC: Mayor 3 Council <br />FROM: Dcn Brager, Finance Cirectcr <br />DATE: October 28. 1993 <br />DA TE: Seventh Draft - 1994 Budget <br />Attached for your consideration is the seventh draft of the 1994 Budget. <br />The Budget needs to be finalized so that staff may prepare material for <br />the newsletter, budget video, and the budget hearing. <br />Water Qfi <br />The narrative accompanying the Water Utility Budget describes the <br />budget in detail. A rate increase of five cents is recommended. If <br />approved the 1994 rate would be S1.15 per 1,000 gallons. <br />Sewer Utility <br />The narrative accompanying the Sewer Utility Budget describes the <br />budget in detail. Staff recommends no rate increase. <br />CaslElectric Franchise Fee Fund <br />Revenues of 5176,766 are anticipated for 1994. Council has directed <br />that $125.312 of fees be transferred to the General Fund in 1994. <br />Street i iiaght WON <br />Tim Cruikshank has revised this budget per Ccuncil direction given at <br />the last Work Sessicn. A separate memo from time is induded in your <br />packet. <br />Fire Improvement Bcnds <br />The City's share of debt service on the Fire Improvement Bonds is <br />5100,417 for 1994. The City's share is raised by levying a property tax. <br />Surface Water Manaoement <br />The surface water utility ordinance was recently approved. Rates <br />approved will raise $114,808 in 1994, Expenditures include street <br />sweeping, which was budgeted previously. The balance was put in <br />capital outlay pending Ccuncil approval of projects to be undertaken. <br />