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It is anticipated that total revenues for 2004 will be approximately $103,863 which includes interest earnings of $4,500. Expenditures are estimated to be at $79,080 which includes depreciation (non-cash) of $18,005. Recycling Uti, ii ,ty Fund With the closure of the landfill in 1993, the primary funding source for the curb side recycling program was lost. It is anticipated that total revenues will be approximately $203,547 and include County grants of $58,435 and estimated interest earnings of $500. These revenue projections incorporate a rate of $5.64/quarter that was adopted on November 25, 2003. Expenditures are estimated to be $169,727 and include the costs to administer the curb side recycling program and two clean-up days during 2004. Storm Water Utility Fund It is estimated that total revenues for 2004 will be $340,461. This Fund was created in 2000 to maintain drainage problems throughout the City. Expenditures are estimated to be at $278,924 which includes depreciation (non-cash) of $127,304. It must be noted that this budget represents "operating" expenditures only. The total costs of the storm utility projects are capitalized and expensed yearly under the depreciation line item. Also attached to this case is a resolution amending the 2003 activity. This is primarily a "housekeeping" item and is done on an annual basis. The projections through the end of the year are based on actual activity. Staff Recommendation: Approve attached Resolution #04-01-XXX Adopting the 2004 Enterprise Fund Budgets, and Approve attached Resolution #04-01-XXX Amending the 2003 Enterprise Fund Budgets, Commission Action: Motion t6 recommend Council adopt Resolution #04-01-XXX Adopting the 2004 Enterprise Fund Budgets, and Motion to recommend Council adopt Resolution #04-01-XXX Amending the 2003 Enterprise Fund Budgets. FC: 01/27/04