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CITY OF ST. ANTHONY <br /> REQUEST FOR CITY COUNCIL ACTION <br /> •, ------------------------------------------------------------------------ <br /> Date Submitted Type of Action Requested Agenda Item Number <br /> Resolution <br /> March 8.-_],984.. <br /> Ordinance New Business-4 <br /> Date Action Requested. Formal Action/Motion Title Water and <br /> X Other <br /> March 13, 1984 Sewer Rates <br /> --- _.----------------------- ----------------------- ----------------- <br /> T0: Mayor and Councilmen <br /> FROM: * David- M. Childs, City Manager <br />'s -----------------------------------------------r------------------------ <br /> .. SUMMARY DISCUSSION -OF -SUBJECT: The C.PA..f i rm which audits the financial records <br /> of-the City of -�St. Anthony made the following statement in their June 30, 1983 <br /> management letter: <br /> "The.-operations of the Water and Sewer Funds incurred losses in 1982 of <br /> approximately $33,000 each. These losses are similar to losses incurred <br /> in 1'981 . We suggest that user rates be revi-ewed' annually to determine <br /> the adequacy 'of 'income generated 'si'nce operating expenses have increased - <br /> significantly during the past several years. The rates charged by the <br /> City are not intended to recover the depreciation on contributed assets , <br /> but the rates should be sufficient to generate income to cover other ' <br /> operating expenses." <br /> Staff has completed a 'review of water and sewer rates and presents the following <br /> information and recommendations. <br /> WATER FUND <br /> The water_ rates were last increased in. mid-1982 when the charges were raised from <br /> 33t per 100 cubic feet 'to 40C per -100'cubic feet. This increa'se--came -too late in, <br /> the year to put ' the Water Fund in the black for 1982, but in 1983 the fund (not <br /> including depreciation, etc. ) functioned as follows: <br /> Receipts <br /> 1st quarter $ 31 ,029 <br /> 2nd quarter 42,907 <br /> 3rd quarter 61 ,437 <br /> 4th quarter 40,477 <br /> Total $176,650 <br /> The 1983 budget .esti'mate for revenue from water sales was $182,600 or about $6,000 <br /> in excess of actual receipts. <br /> " Actual expenditures were' about $215,000. Other receipts- (permits, interest earn- <br /> ings, etc.) allowed the Water Fund to balance in 1983, subject to audit by our <br /> CPA firm. <br /> • <br /> CITy MANAGER'S REVIEW: . COMMENTS: <br />