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<br /> .., <br />e P1\GE THREE <br /> REVIBICHl FRW 8/24/92 WCRKSEBBlOO #2 <br /> 3. storm Sewer <br /> - 1993 Public Works salaries should show a higher than <br /> 3% in=ease because of a change in salary <br /> allocation, Previously 3% of Public Works went <br /> to Storm Sewers and 7% to goverrnnent J::.uildings. <br /> Beginning in 1993, 5% will go to Storm Sewers and <br /> 5% to Goverrunent Buildings. <br /> - Presently, 1992 non-assessable estimated costs of <br /> $75,000 for the Keithson Pond and Arden Place project <br /> are reflected in this deparbnent. <br /> - '!he expen:titures of this entire department may leave <br /> the General F\U1d if a storm water utility fund is <br /> established. In this case, the 1992 Keithson and <br /> Arden Place project costs maybe funded out of the <br /> PIR F\U1d in 1992 only to be repaid in future years <br /> from storm water utility billings. <br /> 4. Water utility - '!he 1993 increase in Public Works <br /> salaries exceed the 3% guideline. staff will revise <br />. accordingly. <br /> - 1992 Accounting and Audit fees should be $6915 <br /> instead of $3500. '!his increase over the $2800 <br /> budget reflects audit fees of $3100 and contract <br /> Accounting Services of $3815. <br /> - Pro Forma of water utility fund cash balance <br /> , Balance of 12/31/91 145,620 <br /> . Estimate 1992 negative cash flow <19.678> <br /> . Estimate Balance 12/31/92 125,942 <br /> , Estimate 1993 positive cash flow frcnn <br /> operations without $125,000 water tower <br /> interior maintenance ilnprovement 32,470 <br /> . Less operating transfer to 501 to fund <br /> water tower iJnprovement (5 years equal <br /> installments @5% interest) < 31. 250> <br /> . Estimate 12/31/93 cash balance $127.162 <br /> 5. Sanitarv Sewer utility - The 1993 in=ease in Public Works <br /> salaries exceed the 3% guideline, staff will revise <br /> accordingly. <br /> - A=ounting & Audit fees comment similar to that made <br /> in the Water utility section. <br /> - Pro Forma of Sewer utility fund cash balance <br /> . Balance of 12/31/91 304,721 <br />. . Estimate 1992 negative cash flow < 139,925> <br /> ~~ <br /> I' ~ <br />