Res. #11-029 - Adopting Budget & Tax Levies for 2012

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Sewer Fund Expenditures: The largest component of this expenditure classification is primarily made up of charges administered by Metropolitan Council Environmental Services for waste water treatment--$189,000. Other expenditures include personnel time maintaining the sewer lift stations/utility billing system and depreciation on existing infrastructure. Sewer fund expenditures are budgeted at $432,500 for 2012 of which $119,000 is depreciation. Storm Fund Rates The 2012 storm water rates propose an increase from $9.50 per quarter to $12.00 per quarter for residential. Commercial properties will see a small increase of 3% and is proposed to increase from .00334 to .00344 per square foot with a minimum of $12.50 per quarter. Storm 2011 2011 - Proposed Residential - Fixed Charge 9.50 per quarter 12.00 per quarter Commercial - Fixed Charge 0.00334 per square foot 0.00344 per square foot Storm Fund Revenue: These storm water rates are projected to produce revenues of $87,000, which is an increase of roughly $13,000 over 2011. Other miscellaneous revenues in this classification are budgeted at $9,000, which provides a total revenue budget of $96,000. Storm Fund Expenditures: Expenditures in this classification include personnel time maintaining the storm sewers, pond dredging, ditch cleaning, permanent transfer to debt service, depreciation on existing infrastructure and other miscellaneous items. Expenditures in this classification are budgeted at $100,000 for 2012 of which $28,000 is depreciation. Acknowledgments I would like to acknowledge and thank Mayor Wilharber, Council Member Love, Council Member Paar, Council Member Fehrenbacher, Council Member King, City Administrator Dallas Larson and all City staff for their assistance in completing this budget. With that, I present to you the 2012 budget. Respectfully Submitted, Mike Jeziorski Finance Director