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Discussion Items <br />Proprietary funds receive most of their funding from user fees. Funding sources for the City’s Proprietary <br />operations have remained strong and are expected to continue for the next five years.Utility rate increases <br />enacted in 2014-2018will result in significant increases in revenuesto stabilize asset replacement <br />programs. <br />A significant portion of the revenues and expenditures are related to water consumption, which in turn is <br />heavily correlated with weather conditions. This can cause significant fluctuations in water purchases and <br />subsequent wastewater treatment charges. These expenditures are included in the ‘Other Services & <br />Charges’ category. <br />Independent of weather impacts and water consumption, the City expects spending in its proprietary <br />operations to increase somewhathigher than inflation in the next few years reflectinga comprehensive <br />plan to upgradeits water distribution and sanitary sewer collection systems.Net assets of the City’s <br />proprietary operations are expected to increase steadily over the next fewyearsas the City continues its <br />long-term capital replacementprogram for the City’s water and sewer infrastructure. <br />19 <br /> <br />