City Council Minutes 1993 09 27 - Laserfiche WebLink

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EXPERIENCE AND PROJECTIONS OF TOTAL BUDGET: 1991 - 1996 Sharon Asti-Caranci, Finance Director, stated that for the combined Capital Improvement Fund, Conservation Trust, Capital Projects, Water & Sewer Funds, it is based on the five year CIP for 1995 and 1996. She explained that with the Water & Sewer Fund, she has to come back and add in operational increases, which are based on figures Tom Phare's staff put together in their 20 year CIP and O&N expenditures. The Water Fund revenues increased by about 5% per year and the expenditures by 4%. The Sewer Fund, revenues and expenditures are increasing by 4%. Both of these projections do not include any rate increases. The city's water rate increases run out at the end of 1994. Those figures could change should the city at some time look at increasing the water and sewer rates. The Golf Course Fund is based on the projections put out by the management company running the Golf Course. The Debt Service Fund in 1994 will not have any revenues and in 1994, also, is the city's last payment on the Steinbaugh property. After that, that fund will no longer have expenditures, unless there is more general long term debt. She explained that in the General Fund on the revenue side in 1995, all of the revenues for both '95 and '96 increase by about 5% and, also, add the Centennial Shopping Center. For the expenditure side in 1995, they've used about a 4% inflation rate, added a police officer and a parks worker, done the full year funding for the Library staff, capital equipment included software, police cars, and a backhoe. There is a decrease in the Parks & Recreation Department for the capital equipment that they're getting this year. It transfers Public Works staff from the combined Capital Improvement Program into the General Fund, because they no longer have a lot of projects in the combined Capital Improvement Program. Some of their funding will move over into the Sales Tax Fund to offset the work they're doing on those projects. The remainder of it moves back into the General Fund. For 1996, the changes in the General Fund were about a 4% inflation. All of the Parks & Recreation staff that are in the combined Capital Improvement Program moved into the General Fund, which mainly includes Randy Burkhardt at 100%, some of Steve Baysinger's time, and his ~secretary's time, and some capital equipment: a pickup, mower, and a police car. Mayer stated that he would be proposing for 1994 the most recent CML figures for cost of living, which had gone up 4.3% in the past 12 months. He stated that he would propose that the service expansion fees go up 4.3%, which would raise them $.10/s.f., up to $2.50, tap fees on water go up 4%, which would raise the $300 next year, and also by 1996, start placing a Golf Course to Water Fund payback of maybe, approximately $100,000 starting in 1996 given what the professionals at the Golf Course said was an adequate reserve. Brand: (INAUDIBLE) 7