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Personnel and Finance Committee Meeting <br /> August 18, 1993 <br /> Page 2 <br /> In response to a question from Council President Puzzello it was noted that <br /> a report will be sent to the Common Council by September 13, 1993, <br /> regarding the relocation of the water works administration building. <br /> Clay Water: <br /> Clay Water General Fund:'93 $ 281.533, <br /> 1994 Proposed: $ 423.000 <br /> Clay Water Sinking Fund: '93 $ 64.739 <br /> 1994 Proposed: $ 64.738 <br /> Mr. Stancati stated that this increased rate is approximately 35% compared <br /> to the increase rate in the city of 25%. It was noted that new water users <br /> sign waiver of annexations (example: Irongate). <br /> Wastewater: <br /> Sewage Operation & Maint. Fund '93 $ 6.300.552 <br /> 1994 Proposed: $ 6.066.905 <br /> Mr. Jack Dillon then reviewed the Division of Environmental Services <br /> proposed budget. He reviewed in detail various handouts and graphs and <br /> noted that the bond rating was raised from "BAA" to "AAA" with a debt <br /> service reduction of $50,000 in 1994. <br /> Sewage Works: <br /> Sewage Operation & Maint. Fund '93 512.570.078 <br /> 1994 Proposed: $12.575.078 <br /> Revenues are basically the same as this year with $12.5 million being <br /> projected. Rates are the same as 1989 and should not be increased for the <br /> next two years. The overall budget is approximately $20,000 less than the <br /> current budget due to consolidations and reorganizations. <br /> It was noted that sewer separation is required by local ordinance for all <br /> new subdivisions. <br />