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It is anticipated that total revenues for 2003 will be approximately $92,245 which includes interest earnings of $4,500. Expenditures are estimated to be at $66,962 which includes depreciation (non-cash) of $17,005. Recycling Utility 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 $176,737 and include County grants of $42,335 and estimated interest earnings of $500. These revenue projections incorporate a rate of $5.34/quarter that was adopted on December 14, 1999 and charged to residents for the periods of 2000-2003. Expenditures are estimated to be $176,737 and include the costs to administer the curb side recycling program and two clean-up days during 2003. Storm Water Utility Fund It is estimated that total revenues for 2003 will be $334,968. This Fund was created in 2000 to maintain drainage problems throughout the City. Expenditures are estimated to be at $333,775 which includes depreciation (non-cash) of $90,000. This results in a budgeted operating profit of $1,193. 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 2002 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 #03-01-XXX Adopting the 2003 Enterprise Fund Budgets, and Approve attached Resolution #03-01-XXX Amending the 2002 Enterprise Fund Budgets, Commission Action: Motion to recommend Council adopt Resolution #03-01-XXX Adopting the 2003 Enterprise Fund Budgets, and Motion to recommend Council adopt Resolution #03-01-XXX Amending the 2002 Enterprise Fund Budgets. FC: 01/28/03