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- <br />d) <br />TO: <br />FROM: <br />DATE: <br />Mayor Peterson and Council Members <br />Ron Moorse, City Administrator <br />December 11,2003 <br />SUBJECT: 2004 Enterprise and Capital Fund Budgets <br />llie Council lias reviewed all 2004 budget inronnation diat relates to the General Fund, and/or to tlie <br />tax levy. The Council lias not reviewed budget information related to the entcriirisc funds, wiiicli arc <br />fee-supported rather dian tax-supixirtcd. Also, altiiougli Uicrc liavc been (K'ricMlic discussions <br />regarding upcoming MSA sUvet improvement projects, particularly die Willow and 6 intersection <br />improvements, die Council has not reviewed the plan for MSA projects. <br />Attached are cash How budgets for the Enterprise Funds, and a list of capital expenditures in the <br />Enterprise Funds, as well as in the General Fund. Inibrmation regarding upcoming MSA street <br />improvement projects will lie providctl at the worksession. <br />Water and Sewer Funds <br />The fees in die Water :uid Sewer Funds arc incrcasctl each year to ensure diey are sunicieiit to cover <br />operating cx|x.*iises including a substanti:il |K)rtion of depreciation ex|K*nsc. lliis, as well as annual <br />expenditures for nityor reliabilitation to extend die lil'c of die utility infrastructure, enable die Funds to <br />meet dicir long tcmi infrastructure needs. <br />V ■ <br />V V " <br />•V > <br />• : .