2010 BUDGET - Laserfiche WebLink

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Water, Wastewater, and Storm Water Funds Total Water Fund expenses are budgeted to decline slightly by 1.5% in 2010 from 2009 estimates. Wastewater Fund expenses (excluding interfund transfers) are budgeted to decline by $170,000 or 7.5%, in 2010 from 2009 estimates. This decline is due to reductions in capital outlay. The 2009 budget includes a 1.0% rate increase in water fees, no increase in wastewater fees, and a 25-cent increase, from $2.75 to $3.00, in monthly storm water fees for single family accounts and a proportionate increase for all other accounts. A 1.0% water rate increase will increase the minimum water billing for each residential account from $10.14 to $10.24. The residential sewer charge will stay the same at $14.34 per month. The adopted rate increases will add approximately $42,000 to the 2010 Water Utility Fund revenue and approximately $38,000 to the 2010 Storm Water Fund revenue. When consolidated, the Water Utility Fund, the Wastewater Utility Fund, and the Storm Water Utility Fund are referred to as the Combined Utility Fund. The current reserves of the Combined Utility Fund are significant, estimated to be 116% of annual expenses by the end of 2010. However, as shown in the graph below, reserves are expected to decline over the next few years due to funding for large capital projects. The graph below illustrates the long-term financial forecast for the Combined Utility Fund. This forecast is part of the City’s Long-Term Financial Plan and includes the same expenditure assumptions as for the General Fund. 2010 Preliminary Work Plan & Performance Goals Recognizing the lower level of resources available for 2010, the City Manager and staff intend to focus on specific goals during 2010. As with the rest of the budget, we will finalize the list of goals based on direction from City Council. Proposed goals include: Training. Organize and implement a series of training classes focused on skills and knowledge needed to be a successful supervisor at the City of Louisville. Administration and Human Resources Departments. HRIS System. Implement a human resource information system. Administration and Human Resources Departments. è