CC 08-24-1992 - Laserfiche WebLink

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- ... ..... P1\GE THREE REV'ISICHl FRGI: 8/24/92 lQlKSESSICl'l #2 3 . storm Sewer 4. 1993 Public Works salaries should shON a higher than 3% increase because of a change in salary all=ation. Previously 3% of Public Works went to storm Sewers and 7% to government wildings. Beginning in 1993, 5% will go to storm Sewers and 5% to Government Buildings. Presently, 1992 non-assessable est:i1natei costs of $75,000 for the Keithson Pond and Arden Place project are reflected in this department. TIle expenditures of this entire department may leave the General Fund if a storm water utility furrl is established. In this ease, the 1992 Keithson and Arden Place project costs maybe funded out of the PIR Fund in 1992 only to be repaid in future years from storm water utility billings. Water utility - TIle 1993 increase in Public Works salaries exceed the 3% guideline. staff will revise accordingly. . 1992 Accounting and Audit fees should be $6915 instead of $3500. 'Ihis increase over the $2800 wdget reflects audit fees of $3100 and contract Accounting Services of $3815. Pro Forma of water utility furrl cash balance Balance of 12/31/91 145,620 Est:i1nate 1992 ne;j'ati ve cash. flON <19.678> EStimate Balance 12/31/92 125,942 Est:i1nate 1993 positive cash flON from operations without $125,000 water tower interior maintenance inprovement Less operating transfer to 501 to fund water tONer inprovement (5 years equal installments @5% interest) ESt:i1nate 12/31/93 cash balance 32,470 < 31. 250> $127.162 5. Sanitary Sewer utility - TIle 1993 increase in Public Works salaries exceed the 3% guideline, staff will revise acc:ordinJly. '. Accounting & Audit fees comment similar to that made in the Water utility section. Pro Forma of Sewer utility furrl cash balance Balance of 12/31/91 304,721 Est:i1nate 1992 negative cash flow < 139.925>