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2020 CIP – Page 1 <br />MEMORANDUM <br />To: Mayor Walsh and Orono City Council <br />From: Dustin Rief, City Administrator <br />Subject: Water and Sewer CIP <br />Date: October 26, 2020 <br /> <br /> <br />Staff has continued to work on the 2021 budget. The Water Utility CIP ad Sanitary Sewer CIP <br />information and correlating fund balance information is provided for discussion. <br /> <br />Issues for discussion: <br /> <br />• Water Fund – The Water Utility Fund is funded by water service usage fees with <br />a 2020 projected yearend cash balance of $219,364 and estimated revenues of <br />$1,202,914 for 2021. The capital expenditures for 2021 are proposed at $420,500. <br /> <br />• Sanitary Sewer Fund – The Sewer Utility Fund is funded by sewer access <br />charges at a flat rate. The 2020 year-end projected cash balance is $1,640,125 with <br />an estimated revenue for 2021 of $2,108,959. The proposed capital expenditures <br />are $833,000. <br /> <br /> <br />