12-14-2015 Councill Packet - Laserfiche WebLink

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Sewer In recent years the sewer fund has mostly operated at a loss. Non-operating revenues however, have consistently offset the operating losses. This has resulted in a positive operating cash flow for the fund. In 2016, the fund is projected to cover operating expenses, including depreciation. The 2016 budget includes depreciation of $275,000 which is a non-cash expenditure. The fund is budgeted to show a positive operating cash flow for the year. In 2015 the budget had a $90,000 increase in charges to the MCES. For 2016, the line item is decreasing by $92,780. Overall, operating expenditures for the sewer fund are decreasing $66,855 (-5.01%). The revenues are calculated with a 4% increase in the sewer rates as called for in the 2013 rate study. The operating transfer is to cover the sewer improvement that were part of the Casco Point project and will continue for another six years. Upcoming capital expenditures can be covered by the fund’s current cash balances. Projects identified in the CIP for 2016 include: sewer line rehabilitation; sewer televising; lift station updates for GS #6; a generator for lift station #5; the expansion of the northern collection system; lift station monitoring; and a new roof for the Navarre Garage. Total anticipated capital expenditures are $1,217,608. The current cash balance for the fund is $2,728,820. The costs associated with the northern system expansion will eventually be recovered from developers. Stormwater 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 revenue in the attached budget is calculated with a 5% increase in the rates. Potential CIP projects in 2016 include: Watershed Delineation; Watertown Road phase II, replacement of the street sweeper, replacement of the tractor mount broom, Long Lake Wetland Restoration, Replacing the Truck Mounted Sweeper, and Kelley Avenue drainage improvements. The capital expenditures total $368,700. The funds current cash balance is $1,466,706. Recycling The recycling fund was newly created in 2013. Its major expenditure line is for contracted recycling charges. The current contract with Waste Management is capped at a 2.8% increase. However, as the result of low prices for recycling materials, the Recycled Material Offset (RMO) credit that we receive has been reduced to $0. The lack of the RMO has required larger rate increases than originally anticipated. The full time wages that are charged to the fund represent 10% of the City Clerks wages. The overtime covers Public Works wages for the annual spring clean up. The funds current cash balance is $0. Cable The Cable fund was new for the 2014 budget. The 2016 projected revenues are based on current subscriber information and rates. The line item for Internet/Other communications covers the