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Street Light Utili _fy Fund (continued) <br /> <br />As with the Water and Sewer Utility Funds, the revenue projections for 1997 are based on 120 <br />additions to the system for subdivision lights. It is anticipated that total revenues for 1997 will <br />be approximately $45,655 which includes interest earnings of $4,500. Expenditures are <br />estimated to be at $29,836 which includes depreciation (non-cash) of $7,856 <br /> <br />Recycling Utility_ Fund <br /> <br />With the closure of the landfill in 1993, the primary funding source for the curb side recycling <br />program was lost. A rate of $3.05 per quarter was adopted at the August 22, 1994 Council <br />meeting, with an effective date beginning with the first quarter of 1995. <br /> <br />Additions to the system have been estimated to be 120, so as to be comparable to all other <br />projections for services that depend on household additions in the City. It is anticipated that total <br />revenues will be approximately $106,095 and include County grants of $38,441 and estimated <br />interest earnings of $3,000. Expenditures are estimated to be $102,476 and include the costs to <br />administer the curb side recycling program and two clean-up days during 1997. This activity, as <br />proposed results in an increase in retained earnings of $3,619. <br /> <br />Staff Recommendations: <br /> <br />Staff recommends approval of Resolution #96-12-XXX Adopting the 1997 Enterprise Fund <br />Budgets. <br /> <br />Committee Action: <br /> <br />Motion to recommend City Council adoption of Resolution #96-12-XXX Adopting the 1997 <br />Enterprise Fund Budgets. <br /> <br />Reviewed By: <br /> <br />City Administrator <br />Finance Officer <br />City Engineer <br />Economic Development Coordinator <br />Parks/Utilities Supervisor <br /> <br />FC: 12/10/96 <br /> <br /> <br />