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Recycling Fund <br />Revenue is intended to have a 6% increase based on planned rate increase. The City is required <br />to offer curb side recycling to all of its residents. The City pays for the service even if the <br />resident chooses not to recycle. The current recycling contract with Waste Management ends on <br />9/30/2024. The last time the recycling contract was out for bid, the cities rates increased by 30%. <br />The 2025 budget is anticipating a $20,000 positive net income. <br />Cable Fund <br />Revenues from a franchise fee are the main source of funds for the Cable Fund. This fund <br />covers expenses related to the City’s meeting and agenda management platform and streaming <br />city meetings. <br />The 2025 budget is anticipating a $900 positive net income. <br />Golf Course Fund <br />Revenues in the golf course fund derives from green fees, cart rental and sales. The fees are <br />evaluated each year prior to the start of the season. Budgeted revenues are based off of previous <br />year trends. The expenditure of the golf course sees an increase in personal service due to the <br />transition of the clubhouse manager to a full-time position with benefits. Additionally, equipment <br />rental and administrative charge budget line item increased based on prior year trends. <br />The 2025 budget is anticipating a $770 positive net income. <br />Stormwater Fund <br />For 2025 budgeting, staff have conservatively budgeted revenue based on prior years actual and <br />a rate increase of 1%. The Stormwater fund is designed to accumulate funds for capital projects., <br />therefore has minimal operating budget expenditures compared to the other enterprise funds. <br />Operating transfer expenditure is the most significant impact as this will be a yearly budgeted <br />transfer into the Facility Fund to help offset stormwater related facility costs and future planning. <br />The funds that are accumulated in the stormwater fund do not reflect in the operating budget but <br />are used for stormwater projects and projects in conjunction with roads often exceed $100,000 or <br />more. <br />The 2025 budget is anticipating a $254,000 positive net income. <br />Internal Service Funds <br />Fleet Fund <br />The Fleet Fund charges each applicable department for their portion of fleet service. The biggest <br />increase is seen in personal service for wages of the fleet supervisor and mechanic. Lubricant has <br />also been separated out from shop supplies for transparency and IT service was added. <br />The 2025 budget is anticipating a $36,400 negative net income. This will be offset in future years <br />as department costs are analyzed. <br />2 of 31 4