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<br />Miscellaneous <br />Minor cuts were made in areas in which little or no history of expenditures <br />occurred. This is an attempt to reduce unnecessary line items. Changes were <br />made, as shown on the attached budget adjustment worksheet, in the areas of <br />Building Inspection, Public Works, Park Programs and Park Maintenance. <br /> <br />Capital Improvements <br />An additional $36,714 was added to Street Capital Outlay. This amount reflects <br />the balance remaining from cuts in other areas after the reduction of the property <br />tax levy to last year's level. <br /> <br />Fire Protection <br />No change in this area. The fire department has submitted its budget; however, <br />we have not yet received the allocation percentages. The city's portion is <br />estimated in the 2003 budget until final figures are received. <br /> <br />Capital Outlay <br />No change in this area, but more discussion is needed. All capital expenditures <br />are listed at the end of the 2003 Expenditure Detail Budget. The estimates for <br />infrastructure replacement are very preliminary. I would recommend that a street <br />and water study be completed by the city engineer in an effort to plan more <br />efficiently. A street plan and a water management plan would greatly aid in the <br />development of a new five-year capital improvement plan. The amount of <br />$15,000 for each study was included in the proposed 2003 budget in the Street <br />Account and Water Fund, respectively. The Public Works Director has provided <br />a list of infrastructure needs. If each council member could rate the proposed <br />improvements in order of importance, a composite priority list could be <br />established. <br /> <br />Enterprise <br />No change in this area, but more discussion is needed. The Water and Sewer <br />Funds include proposed budgets for capital projects, (i.e., replacement of water <br />tower, new well, pond work, etc.) These numbers will be adjusted as council <br />further prioritizes projects and determines the amount of fund balance to be <br />utilized. A fund balance analysis is being prepared for the benefit of the council <br />in making these decisions. <br /> <br />Respectfully Submitted: <br /> <br />Approved By: <br /> <br />Finance Director <br /> <br />Administrator <br />