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<br /> ------------ <br /> I <br /> I CITY OF ARDEN HILLS <br /> f' MEMORANDUM <br /> DATE: October 22, 1997 <br /> I TO: Brian Fritsinger, City Administrator <br /> I FROM: Torr"" P'''. City A"",,,,, I!!?.. <br /> SUBJECT: October, 1997 Finance Departmen eport <br /> I Department Activities <br /> . Third Quarter (711/97 - 9/30/97) utility bills were issued October 17, 1997. During this <br /> I hilling period 105,695,530 gallons of water were purchased from the City ofRoseville at <br /> a cost of $137,984.78 ($1.31 per thousand gallons), and 101,300,000 gallons were billed <br /> I out, resulting in a shrinkage factor of 4.1 %. This loss factor is within an expected range. <br /> . Department staff spent considerable time during September and October communicating <br /> I with delinquent utility customers. This work has resulted in the support for the annual <br /> certification resolution presented to Council in October. <br /> Ie . Work proceeds on integrating new commercial radio read water meters into the utility <br /> billing system. Senior Accounting Clerk, Jane Lund, has taken the responsibility of <br /> administratively tracking the new meter installations. <br /> I November Priority Projects <br /> . Prepare for the Truth-In-Taxation public hearing, including preparing preliminary 1998 <br /> I Budget booklets for Council and staff. <br /> . Formalize the proposed 1998 EDA Budget. <br /> I <br /> Assist the City's financial advisor in conjunction with the anticipated November bond <br /> . <br /> I issuance for the Gateway Business District public improvements. <br /> Finance Committee Update <br /> I . The Committee met on October 16, 1997, and spent the majority of the meeting <br /> discussing Assessment Policy issues. <br /> I <br /> I <br /> t' <br /> I <br />