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Below is a summary of the Recycling Fund's operations for the past 3 years plus our projection <br />for 1999 and budgeted for 2000. <br />The Recycling Fund currently has a fund deficit of $33,492 and we expect the next three years to <br />bring the fund back into small reserve position. <br />su <br />We are recommending the following utility adjustments for 2000: <br />e,,ver rates would decrease from $1.30 to $1.25 per thousand gallons for residential and the <br />cornmerciaRindustrial rate would change from $2.19 to $2. 11. There would be a corresponding <br />change in the quarterly service charges equally a decrease of 3,5%. <br />Water rates would change from a $1.72 to $1.75 per thousand gallons including a change in the <br />service charge. <br />Storm' Drainagd and recycling rates would remain constant with no change recommended for <br />2000. <br />11 <br />1997 <br />1998 <br />1999 <br />2000 <br />Actua <br />Actual <br />Actual <br />PrQ* <br />Budgeted <br />Recycle Fees <br />1 48 536 <br />182 <br />18 7 73 9 <br />162 724 <br />1 62 <br />County <br />Grants <br />68,331 <br />68 <br />68,582 <br />68,582 <br />68 <br />(SCORE) <br />Product <br />5 <br />0 <br />0 <br />o <br />0 <br />Sales* <br />Total <br />operating <br />222 <br />250 959 <br />256XI <br />231 <br />231 <br />revenues <br />L ess R <br />Operating <br />Expenses <br />25'x,722 <br />256 11 983 <br />248 <br />11 <br />222711 <br />Net operating <br />revenue <br />(35 <br />(6 <br />7,510 <br />9 <br />8 3 774 <br />The Recycling Fund currently has a fund deficit of $33,492 and we expect the next three years to <br />bring the fund back into small reserve position. <br />su <br />We are recommending the following utility adjustments for 2000: <br />e,,ver rates would decrease from $1.30 to $1.25 per thousand gallons for residential and the <br />cornmerciaRindustrial rate would change from $2.19 to $2. 11. There would be a corresponding <br />change in the quarterly service charges equally a decrease of 3,5%. <br />Water rates would change from a $1.72 to $1.75 per thousand gallons including a change in the <br />service charge. <br />Storm' Drainagd and recycling rates would remain constant with no change recommended for <br />2000. <br />