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Personnel and Finance Committee <br /> August 29,2000 <br /> Page 6 <br /> affects their overall life and should be covered in a non-heated building. A leaf vac costs <br /> approximately$29,000 each. <br /> WATER WoRKSJ UNDS # 620, 622, 625 & 626)) <br /> 2000 Total Revenue Projection: $10,754,742 2001 Total Revenue Projection: $11,130,066 <br /> $111,493 reflecting 1.0 %increase <br /> Operations Fund(#620) <br /> 2000 Total Expense Projection: $7,051,802 2001 Total Expense Projection: $7,518,165 <br /> $ 546,529 projected overage reflecting 7.8% <br /> Water Works Sinking Fund(#625) <br /> 2000 Total Debt Service: $ 2,718,219 2001 Total Expense Projection: $2,773,651 <br /> $55,432 projected overage reflecting 2% <br /> Water Works Capital Fund(#622) <br /> 2000 Total Capital Service: $ 1,947,558 2001 Total Expense Projection: N/A <br /> To be discussed in February 2001 <br /> Total Expenditures for Operating, Debt&Capital <br /> 2000 Total Projections: $11,717,579 $838,250 overage projected <br /> Mr. John Stancati made the presentation. He stated that the budget reflects very limited <br /> changes. One (1).janitor is being added and changes related to improvements are reflected. The <br /> department is receiving few red water complaints. Improvements have been made at the Olive <br /> Street Station. $93,000 is needed in reserves for the state revolving loan fund. The sinking fund <br /> reflects the 1993 bond issue which was a 15 year bond, and the 1997 bond issue which is also a <br /> 15 year bond. <br /> WATER EPAIR/INSURANC UNQ #644) <br /> 2000 Total Revenue Projection: $607,479 2001 Total Revenue Projection: $538,200 <br /> 2000 Total Expense Projection: $ 647,644 2001 Total Expense Projection: $536,929 <br /> $1,271 projected overage <br /> Mr. Stancati stated that this fund is in trouble and needed an interfund transfer. <br /> Dr. flamer requested an update on the 31 South extensions. Mr. Dillon stated that the pipe <br /> was delivered and that work should begin on August 30, 2000. The City is obligated to provide <br /> water service immediately and has four (4) years to provide sewer service. The pipes will be in <br /> different areas since they must be at least ten feet(10') apart by state regulations. Mr. Gilot stated <br />