Adopted FY 2014 - 2015 Budget - Laserfiche WebLink

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rates for each year from Fiscal Year 2014 through Fiscal Year 2017. The increase in water and sewer revenues is relative to the planned rate increases in order to fund ongoing operating and capital needs and is consistent with cost inflation matched to water and sewer utilities. • Budgeted capital improvements total $6,769,880. The Water and Sewer Utility Fund leads with $4.3 million. Major projects include: New Vac -Con truck to supplement proactive system maintenance inspections - $372,000. Gravity sewer lining and Lift Station renovation for the Eastbrook subdivision area - $1,062,000. Water force main replacements including Casselton Drive - $739,800. Seminola Boulevard. expansion and sewer force main replacement - $625,000. Brittany Circle Lift Station renovation - $312,000. High service pumps for the North Water Production Facility - $222,600. Melody Lane water tower paint and refurbishment - $150,000 The Stormwater Fund follows with $1,439,200 in planned improvements. These include: West Concord Drive Drainage improvements - $340,000. Various storm drain rehabilitation projects - $932,400. The Community Redevelopment Agency requests $550,000 for: Land assembly funding for blight removal and economic development - $400,000. Infrastructure Improvements - $150,000. image of Budget Summary- Sources of Funds CITY-WIDE PROPOSED BUDGET SUMMARY— SOURCES OF FUNDS - $44.2 Million Charges for Services 40% Taxes 23% Interfund Transfers 9% Intergovernmental Revenues 9% Permits, Fees & Specialty Assessments 5% Appropriation of Fund Balance 3% Miscellaneous Revenue 3% Fines and Forfeitures 2% Debt Proceeds 1% Charges for Services $ 20,386,948 Miscellaneous Revenue $1,136,064 Taxes $ 9,956,141 Fines and Forfeitures $810,289 Interfund Transfers $4,067,166 Licenses and Permits $2,289,596 Fund Balance Reliance $1,236,418 Debt Proceeds $176,680 Intergovernmental Revenue $4,107,918 Page 14