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Public Works Committee 6.2. <br /> Meeting Date: 07/19/2016 <br /> By: Bruce Westby,Engineering/Public <br /> Works <br /> Title: <br /> Review Engineering Revenue Budget Item <br /> Purpose/Background: <br /> Purpose: <br /> The purpose of this case is to review the purpose and application of the"Engineering Revenue"budget item. <br /> Background: <br /> The City's budget includes revenues for Engineering department expenses incurred while working to design, <br /> implement, construct and administer public improvement projects,and also to review plans and plats and to inspect <br /> construction of public improvements for private development projects. Engineering revenue amounts are estimated <br /> based on a percentage of public improvement projects(currently 12%)and on billable time spent working on <br /> private development projects. <br /> Engineering revenue related to public improvement projects appear to have first been incorporated into the City's <br /> budget in 2003 after the City lost slightly more than $300,000 in annual revenues due to the State cutting Local <br /> Government Aid(LGA)and reducing Market Value Homestead Credit(MVHC)starting in State fiscal year 2003 <br /> (July 2002—June 2003). At that time, Engineering revenue was estimated at$30,000 per year. By comparison,the <br /> adopted 2016 General Fund budget includes Engineering revenue estimated in the amount of$274,000. <br /> Timeframe: <br /> Approximately 10 minutes for presentation and discussion. <br /> Observations/Alternatives: <br /> Staff is presenting this information in advance of the 2017 budgeting process in an attempt to address any questions <br /> Committee members might have regarding the Engineering revenue budget item. If additional information is <br /> desired, Staff can present the information at a future Public Works Committee meeting. <br /> Funding Source: <br /> N/A <br /> Recommendation: <br /> N/A <br /> Action: <br /> No action is requested or required. <br /> Attachments <br /> No file(s)attached. <br /> Form Review <br /> Inbox Reviewed By Date <br />