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FC CASE # 4 REVIEW PROPOSED 1997 ENTERPRISE FUNDS BUDGETS By: Jessie Hart, Finance Officer Background: The City currently has four Enterprise Funds for which we budget annually. These funds are as follows: Water Utility Fund - This fund is used to account for the operation of the City-owned water system. Sewer Utility Fund - This fund is used to account for the operation of the City-owned sanitary sewer system. Street Light Fund - This fund is used to account for the operation of the City-owned street lights within subdivisions and the priority street lights throughout the City. Recycling Utility Fund - This fund is used to account for the operation of the City's curbside recycling program and annual recycling days. We are currently in the process of compiling the proposed budget information for the aforementioned funds. As part of this process, it is necessary to evaluate the adequacy of current rates charged for these services and the potential need to increase these rates in order to ensure p these functions continue to be self-supporting. As a part of this process, we are surveying surrounding and other growing communities on their utility rates. This information is helpful in that we need to be cognizant of the market in these areas. The resulst or the survey should not be the determining factor in establishing our rates. Ramsey's rates should be representative of our systems and our costs. The proposed budget worksheets and rate survey are currently in process and were not available to be distributed with this agenda packet although we anticipate they will be available for discussion at the meeting. Committee Action: None required - for discussion purposes only. Reviewed by: City Administrator Finance Officer Copies also distributed to: City Engineer Parks/Utilities Supervisor FC: 11/26/96