12-9-2024 CC Agenda Packet - Laserfiche WebLink

Home Browse Search

C. Recycling Fund. The recycling funds major expenditure is for contracted recycling charges. The current contract with Waste Management is increasing 4%. The Recycled Materials has weakened in the past few years since 2018. The full-time wages that are charged to the fund represent 10% of the City Clerks wages. D. Golf Couse Fund. The golf course fund was established in 2023 with an intent to be more transparent with golf course revenue and expenditures. The main revenue source of the golf course fund comes from charges from fees and services at the golf course related to golfing activities. Expenditure budget is increasing by $110,330 (28.67%), with majority of expenditures increasing in personal services. The main factor would be due to hiring a full-time position to manage the clubhouse and events. E. Cable Fund. The Cable funds projected revenues are based on current subscriber information and rates. The line item for Internet/Other communications covers the costs associated with streaming and online access of council meetings. It has been increased to pay for the increased cost of the City’s fiber internet connection. Revenue for the fund is in the from franchise fees that are set by the City’s franchise agreement with Mediacom. F. Stormwater Fund. The Stormwater Fund is for the most part project based. Operating expenditures are mainly limited to engineering associated with NPDES, SWPPP and other state and federal requirements. Public Works time and materials spent on culvert cleaning/replacement are also charged to this fund. The purpose of this fund is to collect money for the larger Stormwater projects that will be required in the future. The operating expenditure budget is decreasing by $6,900 (-1.37%). The total overall expenditure budget is increasing by $179,100 (35.63) due to the increase in operating transfers. Projects identified in the CIP for 2024 include: Stormwater improvements in conjunction with road projects ($365,300), Casco Cove outlet and bioretention basin ($161,000), and other Storm Sewer Improvements and Replacements as needed throughout the year ($100,000). See the 2025 budget book for more information. 3.Staff Recommendation: Staff recommends approval of Resolution 7539 Adopting the 2025 Enterprise Fund Budgets. COUNCIL ACTION REQUESTED Motion to approve Resolution 7539 Adopting the 2025 Enterprise Fund Budgets. Exhibits Exhibit A. Resolution 7539 - Adopt 2025 Enterprise Fund Budgets 263