Laserfiche WebLink
3. Establish a Sanitary Sewer CRF from current Sanitary Sewer Enterprise Funds. <br /> Transfer about $ 376,200 from the current balance of $ 1,215,614 to initiate CRF. <br /> Make annual transfers to the Sanitary Sewer CRF of about $ 41,800 per year with <br /> sewer connection and hook -up revenues or Sanitary Sewer Enterprise Funds. <br /> Water Rates <br /> 1. Increase current service charges from $ 15 to $ 19 per quarter over the next four <br /> years. This will allow service charge revenue to meet operating expenses. 1995 -98 <br /> service charges were 20 % below operating costs. <br /> 2. Establish a Water CRF from current Water Enterprise Funds. Transfer about $ <br /> 189,000 from the current balance of $713,721 in Water Enterprise Funds to initiate <br /> the Water CRF. Transfer about $ 21,000 per year into the Water CRF from water <br /> connection fees and water hook -up annual revenues. <br /> Storm Water Rates <br /> 1. Current service charges are sufficient to meet potentially higher maintenance costs. <br /> Revenues are currently about three times (300 %) of current operating costs. ($ 15,300 <br /> versus $ 5,200. These costs do not include any high maintenance costs for storm pond <br /> dredging or extensive pipe cleaning <br /> 2. Establish a storm water maintenance fund/account by setting aside 15% of storm <br /> water revenues from annual fees. This maintenance fund would cover high <br /> maintenance and cleaning costs. This would amount to about $ 2,300 per year of the <br /> average revenue of about $15,300 per year. <br /> 3. Establish a Storm Water CRF from current Storm Water Enterprise Funds, Service <br /> charges and connection fees. Transfer about $ 20,000 per year from current Storm <br /> Water Enterprise Funds over the next three years, 2000 to 2003, to initiate the Storm <br /> Water CRF. Starting in 2004, make annual transfers of $ 6,500 per year to the Storm <br /> Water CRF. <br /> Next Steps <br /> 1. Evaluate Sanitary Sewer, Water and Storm Water connection/hook -up fees. <br /> Determine if these current rates are sufficient for the next 5 years. This involves <br /> looking at near-term capital projects and expenses. <br /> 2. Review recommendations for Capital Replacement Funds and evaluate status of <br /> Enterprise Funds for the next five years. <br /> BRA Project 616 -99 -102 2 <br />