Agenda Packets - 1993/11/01 - Laserfiche WebLink

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Cecreciaticn expa .r ense is 7.-t7'aver than ;hat of t993. !Depreciation expense has ncreased due to purcnase of ecuicment in 1991 anc the Sewer Utility's share of decrec:aticn on it. The pciicy of the Ccundl 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 C;ty's assets acquired from contributions are mostly sewer mains which were financed by special assessments to benefitted preceries. The City's policy is to use that method of financing fer the replacement of those assets. Capital Outlay is budgeted at $35,450. This is $148,039 less than the $183,489 budgeted in 1993. The amount budgeted for Capital Outlay may vary greatly from year to year and is dependent on the item(s) being replaced (a truck mounted sewer jet rodder budgeted at $164,969 for 1993). 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 Flan adopted in 1983. The major Cacital Outlay item for 1994 is the replacement of a departmental pick-up truck. A schedule of all budgeted Capital Outlay items is Provided below. SEWER FUND CAPITAL OUTLAY 120 ADMINISTRATICN ACCT 703 - Check orctecter/signer S 750 (Cost to be shared by General, Water & Sewer Funds) ACCT 703 - Fixed asset software $ 1,C00 (Cost to be shared by General,Water & Sewer Funds) ACCT 703 - Upgrade P=_rsonal Computer Software S 500 (Cost to be sharac aquaily by Water & Sewer Funds) TOTAL ACMINISTRATiCN S 2,250 121 OFERATIONS ACCT 703 - Transmission retarder S 2,500 ACC'T 703 - Video printer equipment S 2,300 ACCT 703 - Grease system $ 1,8C0 ACCT 703 - Portable racic S 8c0 ACCT 703 - Fick -up truck S 19,5C0 ACCT 703 - Power convener S 1,4C0