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$ 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 25% of storm <br /> water revenues from annual fees. This maintenance fund would cover high <br /> maintenance and cleaning costs. This would amount to about $ 3,800 per year. <br /> 3. Establish Storm Water CRF from current Storm Water Enterprise Funds, Service <br /> charges and connection fees. Transfer about $ 15,000 per year from current Storm <br /> Water Enterprise Funds over the next four years, 2000 to 2004, to initiate the Storm <br /> Water CRF. Starting in 2005, make annual transfers of $ 6,500 per year to the Storm <br /> Water CRF. <br /> Next Steps to Complete Study <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. No immediate increase in <br /> connection fees and development charges is anticipated at this time. <br /> 2. Review recommendations for Capital Replacement Funds and evaluate status of <br /> Enterprise Funds for the next five years. Determine the proper balance between <br /> Sanitary Sewer, Water and Storm Water CRFs and the three Enterprise Funds. <br /> BRA Project 616-99 -102 2 <br />