Budget |
| | WATER/WASTEWATER FUND 2009-2010 | | | |
Water operating and maintenance (O&M) rates increased from $1.44 to $1.53 per thousand gallons of water, and increase of 6.2%. This is the first increase in water O&M rates since July, 2005.
The budget also includes an increase in wastewater operating and maintenance (O&M) rates from $4.01 to $4.38 per thousand gallons, an increase of 9.2%. No change is included on base charges or water or sewer debt fees.
Connection fees are calculated on the sale of 3 taps. Connection fees are typically used for capital improvements to the water and wastewater systems, however, in the past the Village allocated 20% of connection fees toward operating expenses. Several years ago, we started moving away from the use of tap fees for O&M purposes to minimize the impact on rates. With the economic downtown, connection fees are minimal and the rates need to be adjusted to reflect this.
Capital outlay requests for the water system include rebuilding well #1 and abandoning the water main at Commerce and Summit Roads.
Capital outlay for the sewer system includes property acquisition, continuing upgrades to the SCADA system, and rebuilding the secondary clarifiers.
| Revenue Summary: |
|
| User Fees |
$1,847,350 |
| Grant |
4,000 |
| Connection Fees |
20,000 |
| Interest |
24,800 |
| Penalty |
34,300 |
| Miscellaneous |
100 |
| Appropriation from Reserves |
$208,000 |
| Expense Summary: |
|
| Wages and Fringe Benefits |
$799,050 |
| Operating Expenses |
524,300 |
| Capital Outlay |
$272,400 |
| Reserve for Future Improvements |
92,200 |
| Debt |
450,600 |
| Total Expense |
$2,138,550 |
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