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m / <br />MEMu TO: Mayor i City Council <br />FROM: Finance Director -Treasurer Braoer <br />DATE: February 26, 1986 <br />RE: RECOMMENDATIONS REGARDING 1985 WATER AND SEWER <br />MAINTENANCE <br />The Water and Sewer Systems Maintenanrn and Capita' Improvements <br />Program, adopted in 1983, outlines a fivrr year program of <br />maintenance activities and capital improvements. The total costs <br />of each year's projects vary greatly: from a low of $36,000.00 to <br />a hiqh of $188,700.00 in the. Water Fund, for example. To <br />minimize the impart on annual hudgets, the Program adopted a <br />twofold approach to financing these projects: <br />1) An anmial maintenance allowance would be budgeted in the <br />Water and Sewer Funds; at,d <br />2) Interfund loans(s) would be utilized to finarce the laEaer <br />projects of the Water Fund with an amount hudgeted earh <br />year to repay the loan(s). <br />A total of $30,041.00 was expended on water maintenance projects <br />in 1985 (see Exhibit I). Financinq for these projects was <br />provided by the 1984 Maintenance Allnwance of $42,500.00. The <br />1985 Debt Service Allowance of $23,458.00 was not used since <br />larqe projects requiring interfund loans have not yet been <br />undertaken. <br />Of the $65,958.00 budgeted for Water Maintenance Projects in 1985 <br />there remains a balance of $33,917.00. The 1986 Budget contains <br />approximately $149,400 of (late_ Maintenance Projects. I, <br />therefore recommend that Council designate thi; 1985 unexpended <br />halance of $35,917.00 for future Water Fund Maintenance and <br />Capital Improvement Projects. <br />Durinq 1985 a total of $19,669.00 watt expended on Sewer <br />Maintenance Projects (see Exhibit II). Of the $33,187.00 <br />budgeted for 1985 Sewer Maintenance Projects there remains a <br />balance of $13,518.00. I recommend that Council designate this <br />1985 unexpended balance of $13,518.00 for Future Sewer Fund <br />Maintenance i Capital Improvement Projects. <br />NECOMMENDA'rION: Council designate the unexpended amounts budget- <br />ed for 1985 Water t Sower Maintenance for Future <br />Maintenance and Capital Improvemeet Projects. <br />Proposed resolutions are attached for your <br />consideration. <br />DB,'ds <br />Attachments <br />