2003-11-12 CC Packet - Laserfiche WebLink

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5. Fire Protection Payments are made quarterly in the amount of $20,405.25 to Centennial Fire Department. All four payments have been made in addition to the pass-through of $12,500 in gambling funds. 6. Electrical Inspection The electrical inspection budget was increased this year, but appears to be running over budget. This should not be a concern as fees are collected to offset this expense. 7. Animal Control Animal Control expenditures are higher than budget due to a larger than normal number of dogs being impounded. We have increased the budge accordingly for 2004, as the trend seems to be continuing. 8. Streets The street budget is over due to the pavement management study. Additional street work can be funded from available capital outlay funds. 9. Parks and Recreation Skate park attendants were not utilized this year, resulting in expenditures below budget in the programs department. 10. Capital Outlay The City installed a security system in the City Hall. We have capitalized the expense, as it meets our capitalization requirements. Capital funds likely to be expended before year-end include the Mound Trail project, 21 st Avenue reconstruction, 3 vehicles for public works, a copy machine and a folding machine. These items should deplete the 2003 capital budget. 10. Transfers Out The amount shown represents the debt-related transfers made earlier this year (city hall lease payment, etc.) This will be the last year for those obligations. EBtemrise Funds 1. Water and Sewer Both funds show positive net income. Utility revenue will fluctuate with the quarterly billings. Depreciation will be recorded at year-end. The amount of $15,000 was budgeted in both the Water and Sewer funds for transfer to the General Fund. Last year, Council chose not to do this. It is still an option for this year. The construction of a water tower and new well over the next two years will substantially deplete the Water Fund.