Laserfiche WebLink
<br />8. Electrical Inspection <br />The electrical inspection budget was increased this year, but was over budget. <br />This should not be a concern as fees are collected to offset this expense. <br /> <br />9. Animal Control <br />Animal Control expenditures are higher than budget due to a larger than normal <br />number of dogs being impounded. We have increased the budget accordingly for <br />2004, as the trend seems to be continuing. <br /> <br />10. Streets <br />Street expenses exceed budget due to the pavement management study and the <br />Mound Trail project. A portion of the Mound Trail project will be recovered <br />through special assessments. <br /> <br />11. Parks and Recreation <br />Skate park attendants were not utilized this year, resulting in expenditures below <br />budget in the programs department. <br /> <br />12. Capital Outlay <br />The City installed a security system in the City Hall. The expense was capitalized <br />as it meets our capitalization requirements. We have also purchased a copy <br />machine and a folding machine. The 21 sl Avenue Project was substantially <br />completed this year. The public works vehicles will be purchased next year due <br />to the timing ofthe State contract. <br /> <br />13. Transfers Out <br />The amount shown represents the debt-related transfers made earlier this year <br />(city hall lease payment, etc.) This will be the last year for those obligations. <br /> <br />Enterprise Funds <br /> <br />1. Water and Sewer <br />The Water and Sewer funds show positive net income of $625.445 and $381,642, <br />respectively. Part of these amounts, $270,641, is due to developer contributions of <br />infrastructure, which is being recorded under the new GASB rules. The <br />construction of a water tower and new well over the next two years will <br />substantially deplete the Water Fund. <br /> <br />Prepared By: <br /> <br />Approved By: <br /> <br />Finance Director <br />Narrative.doc <br /> <br />Administrator <br />