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<br /> ARDEN HILLS CITY COUNCIL - November 20,2006 . <br /> UTILITY FUND DISCUSSION . <br /> The three utility funds are being studied as part of the Financial Plan that will be <br /> completed carly 2007. <br /> Water Fund: The proposed budget anticipates $1,343,900 in revenue and $1,394,604 in <br /> expenditures. The fund balance would be used to cover the difference between <br /> expenditures and revenue. This budget is based on the most recent CIP reviewed by <br /> Council. Staff is confident that the capital expenditures for the water improvements in <br /> 2007 will be reduced so that this budget will balance, but City staff will not have a final <br /> figure until the feasibility report for the 2007 PMP is completed. <br /> Sanitary Sewer Fund: The proposed budget anticipates $1,167,250 in revenue and <br /> $1,312,082 in expenditures. The fund balance will be drawn upon to cover the balance in <br /> expenditures above revenue. The primary factor in the increased expenditures is 1&1 <br /> investigation and repairs. <br /> Stonn Water Fund: The proposed budget anticipates $401,500 in revenucs and $242,927 <br /> in expenditures. Because the 2007 PMP does not include a significant storm watcr <br /> project. the additional revenues will help replenish the fund balance. The fund balance <br /> has declined significantly over thc past few years due to the improvement projects that <br /> have been constructed. <br /> Councilmembcr Holden asked if City staff membcrs are allowed to carry health insurancc . <br /> coverage through the City and their spouse. <br /> Assistant City Administrator Schawn Johnson said that it is his understanding that employees can <br /> be covered under the City's health insurance plan and their spouses. but he will confirm with the <br /> City's health insurance broker. <br /> City Administrator Wolfe noted that the City will begin looking into implementing a cafeteria <br /> benefit plan for employees in 2007. <br /> Coul1cilmember Larson asked if the City has reviewed the financial impact of allowing Arden <br /> I tills seniors discounted utility rates. <br /> City Administrator Wolfe said that she will ask City staff or Ehlcrs and Associates to review the <br /> financial impact on the City by offering the senior utility rate program. <br /> Mayor Aplikowski asked for the City Councils input regarding the status of Celebrating Ardcl1 <br /> Hills. <br /> Councilmember Holden recommended that the event be cancelled this year and reevaluated for <br /> 2008. <br /> . <br /> 6 <br />