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<br /> City Council <br /> Special Meeting Minutes <br /> June 27,2006 <br /> Page 5 of 8 <br />Water & Wastewater Fund Revenues <br />. The City increased water and sewer charges 3% in 2006 to cover <br /> increases in operational expenditures. <br />Expenses <br />. The South Plant Generator was budgeted for replacement - $409,459 <br />. Radio Frequency Meters were budgeted - $500,000 <br />Water & Wastewater Fund Expenses <br />. Biosolids Compost Turning was budgeted for $135,000 <br />. Windy Gap Firming Projects for - $310,000 <br /> 2006 REVENUE FORECAST <br />In all funds, it is projected there will be a $500,000 shortfall in sales tax. There <br />are losses in home improvement stores and restaurants. However, there are <br />increases in sales tax in the value purchase stores. All cities are experiencing <br />shortfall in use tax. <br /> 2006 REVENUE AND EXPENSE FORECAST <br />General Fund: ($427,401) <br />Northwest Parkway: Ending projected fund balance - $9 Million <br />Conservation Trust: Ending projected fund balance - $3.9 Million <br />Capital Projects: Ending projected fund balance of $2.4 Million <br />Water & Wastewater Fund: Ending projected fund balance of $6.4 Million <br />Capital Projects Fund: Ending projected fund balance of $237,452 <br />Library Construction Fund: Ending projected fund balance of $500,000 <br />Water & Wastewater Fund: Ending projected fund balance of $152,630 <br />McCaslin Interchange: There may be an outstanding amount due on the <br />McCaslin Boulevard Improvements of $100,000. <br />