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City Council Regular Meeting Minutes <br /> May 14, 2002 <br /> Page 6 <br /> • Total Off-Sale $ 222,279 <br /> 2 <br /> 3 • Stonehouse 60,536 <br /> 4 • Total Profits $ 283,265 <br /> 5 <br /> 6 Utility Operations-Water/Sewer: <br /> 7 • Enterprise Fund—Breakeven Fund <br /> 8 * Revenues $1,112,691 <br /> 9 0 Expenditures $1,104,023 <br /> 10 <br /> 11 • Surplus $ 8,668 <br /> 12 <br /> 13 • Inflationary Increase 2002 was approved <br /> 14 • Water$1.10 per hundred cubic feet <br /> 15 • Sewer$2.08 per hundred cubic feet <br /> 16 <br /> 17 Water Filtration: <br /> 18 • Interest Earnings Fund O/M <br /> 19 • Total Interest Earnings = $ 348,533 <br /> 20 • Operation/Maintenance = 103,646 <br /> 16 • Interest Reserves $ 244,887 <br /> 23 <br /> 24 • Central Park Project $ 59,000 <br /> 25 • Un-Funded Contingency <br /> 26 • Designate to Complete Park Funding <br /> 27 • Balance $185,887 — Funds 2002 O&M <br /> 28 <br /> 29 Severance Fund: <br /> 30 9 2000 Liability $ 489,205 <br /> 31 • 2001 Liability $ 527,919 <br /> 32 • Current Funds on Hand $ 211,250 <br /> 33 • Current Policy/Approved by Council: maintain a cash balance over$200,000 <br /> 34 • No Appropriation Necessary for 2001 <br /> 35 <br /> 36 Investment Summary: <br /> 37 • U.S. Government Securities $ 6,373,644 <br /> 38 • Commercial Paper $ 4,205,370 <br /> 39 * Repurchase Agreements $ 1,771,933 <br /> 40 • Money Markets $ 290,911 <br /> 41 <br /> 42 Total Investments $12,641,858 <br /> It • Investment Income= $ 673,938 <br /> 45 <br /> 46 Outstanding Debt 12/31/01: <br />