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Personnel and Finance Committee September 11, 1997 Page 3 rights of ways and not cutting vacant lots. The City Controller noted that the two (2) requested Operator II's for Kathy Dempsey are now reflected in the Solid Waste budget. : IL h u A EMI J\ , • 11 his 1997: $443,025 1998: $ 451.509 It was noted that a preventive maintenance program is in place, however the buildings are in dire repair. It was further noted that the capital budgets should address these concerns. WATERWORKS FUND NO. 620 1997 Revenue: $ 7.692.553 1997 Expenditures: $ 5.995.186 1998 Revenue: $10.993.400 1998 Expenditures: $ 6.288.514 John Stancati and Sandy Saunders then made the presentation on the 1998 Waterworks budget. It was noted that the City may not realize the full impact of the water rate increase. If the URC approves it effective January 1st, a 42.9% increase in revenue would be projected. However, the review process may delay the increase with the possibility of the rate being revised further by the URC. It was noted that this Department like all other City Departments in 1997 overbudgeted the health insurance premium account lines. City departments budgeted at full-family coverage instead of at actuals (single/dependent). A request by department and the total dollar amount of the over-budgeting in insurance was requested. It was noted that the$22.5 million bond issue has a 15 year maturity with the first payment to begin in January 1998. The Clay lease/purchase will be paid off in 2001. Discussion of changing the surcharge from 20% to 50% is anticipated. In response to a question raised by Council Member Varner it was noted that 4,000 feet of new water mains are installed each year. The Committee also reviewed Clay Water. WATER LEAK INSURANCE FUND NO. 644 1997 Revenues: $ --0- 1997 Expenditures: $-0- 1998 Revenues: $ 508.400 1998 Expenditures: $ 499.164 It was noted that the revenue should exceed expenditures by approximately $ 10,000.