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REQUEST FOR COUNCIL CONSIDERATION Agenda Section: '' <br /> STAFF REPORT Report Number: <br /> EG AGENDA SESSION DATE NOVEMBER 1, 1993 Report Date: 11/01/93 <br /> • <br /> DISPOSITION <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 /> SUMMARY; <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 tor-Treasurer <br /> • <br /> RECIOMMENDATION; 2 <br />