Agenda Packets - 1983/08/22 - Laserfiche WebLink

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-2- The personnel service accounts also reflect Council's desire to change from contracting for engineering services to having an in-house engineer. The Plater Fund's personnel service accounts reflect this by budgeting for its share an engineer's position which will be paid for from the General, Water, and Sewer Funds. Consequently, Account 4303, other professional services, was revised to reflect this change. Adjustments to budgeted motor fuels and lubricants, Account 4170, were made to reflect more closely average fuel consumption over the past several years. Total Water Fund expenditures for 1984 are estimated to be $329,072. This is an increase of $8,796 over 1983 budgeted expenditures of $320,276. The Water Fund is projected to have a net income of $12,217 for 1981. Plater sales are based upon present• rates of $0.70 por 1,000 gallons. Staff feels that there is no need for an adjust- ment of water rates in 1984. SEWER FUND REVENUES Sewer use fees are based upon present rates of $29.75 per REC per quarter and the five year average for the number of RECs billed. The five year average of RECs billed was used as RECs have varied as much as 135 RECs over the past five years. The five year average was felt to be a conservative estimate to use in projecting 1984 sewer use fees of $562,989. Connection fees and permits were estimated using historical averages. Investment income was estimated using an average cash balance of $80,000 and average interest earnings of 8%. Total Projected 1984 Sewer Fund revenues are $571,151. This is an increase of $1,810 over. 1983 budget revenues of $509,341. EXPENDITURES As was outlined in the commentary on the Water Fund,the following changes were made to personnel services: the one-fourth maintenance man position was deleted, a share of an engineer's position was added, and personnel service accounts reflect an increase of 3% over 1983 levels.