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It is anticipated that total revenues for 2006 ~vill be approximately $I64,619 which includes <br />interest earnings of $8,500. Expenditures are estimated to be at $112,815 which includes <br />depreciation (non-cash) of $27,800. <br /> <br />Recycling Utility Fund <br /> <br />It is anticipated that total revenues will be approximately $263,925 and include County grants of <br />$37,750 and estimated ihterest earnings of $600. These revenue projections incorporate a rate of <br />$7.31/quarter. Expenditures are estimated to be $263,838 and include the costs to administer the <br />curb side recycling program and two clean-up days during 2006. <br /> <br />Storm Water' Utility Fund <br /> <br />It is estimated that total revenues for 2006 will be $472, I42. This Fund was created in 2000 to <br />maintain drainage problems throughout the City. Expenditures are estimated to be at $363,409 <br />wl'fich includes depreciation (non-cash) of $185,604. It must be noted that ti'tis budget represents <br />"operating" expenditures only. The total costs of the storm utility projects are capitalized and <br />expensed yearly under the depreciation line item. <br /> <br />Also attached to this case is a resolution amending the 2005 activity. This is primarily a <br />"housekeeping" item and is done on an annual basis. The projections through the end of the <br />year are based on actual activity. <br /> <br />Staff Recommendation: <br /> <br />Approve attached Resolution #06-01-XXX Adopting the 2006 Enterprise Fund Budgets, <br />and <br /> <br />Approve attached Resolution #06-0I-XXX An3ending the 2005 Enterprise Fund Budgets, <br /> <br />Council Action: <br /> <br />Motion to recommend Council adopt Resolution #06-01-XDCX Adopting the 2006 Enterprise <br />Fund Budgets, <br /> <br />and <br /> <br />Motion to recommend Council adopt Resolution #06-01-XXX Amending the 2005 Enterprise <br />Fund Budgets. <br /> <br />FC: 01/10/06 <br /> <br />-310- <br /> <br /> <br />