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Capital Outlay includes scheduled replacement purchases of vehicles and equipment (non- <br /> operating budgets), as well as infiwMctwe improvements. A slight decrease is expected due to <br /> a revised capital replacement schedule for vehicles and equipment, which calls for extending the <br /> useful life of these items. <br /> Enterprise Operations includes water, sanitary sewer, storm sewer, solid waste recycling, and <br /> the municipal golf course. An increase is needed to provide for a 3% COLA, a 12% increase in <br /> health/dental premiums, scheduled capital replacement costs and 2-5% increases from bulk water <br /> purchases and wastewater treatment costs. <br /> Debt Service includes the principal and interest paid on bonds used to finance infrastructure <br /> improvement projects. The decrease in debt service costs will result due to the defeasance of <br /> bond issues in 2001 and 2002. <br /> TIF Pay-as-you-Go refers to tax increment paid to developers as specified in Tax Increment <br /> Financing (TIF) agreements between the City and various developers. The decrease in TIF pay- <br /> as-you-go, will result due to the termination of various developer agreements for which all city <br /> obligations have been met. <br /> Trust Operations includes endowment funds used to offset general taxes, and to maintain a <br /> cemetery. The increase signifies a higher use of reserves to support current operations. The <br /> reserves being used represent multiple years of interest earnings. The principle endowment <br /> remains intact. <br /> 9 <br />