Adopted FY 2014 - 2015 Budget - Laserfiche WebLink

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budgets for rent of the associated General Fund divisions. Funding for capital outlay in the general fund has been limited to necessary purchases in fiscal year 2015. Direct capital purchases include: computer hardware and software, a replacement K-9 for the Police Department, Thermal Imaging Cameras for the Fire Department and Basketball/Tennis Court resurfacing at Secret Lake Park. WATER & SEWER UTILITY FUND The second largest fund of the City is the Water & Sewer Utility Fund. The adopted budget for this fund is $17,654,962, indicating an overall decrease of $2,668,236. The budget decrease is due largely to decreased capital projects. An aggressive capital improvement plan was implemented in the previous year. It continues in fiscal year 2015 drawing $1,082,466 out of reserves to support it. Subsequent capital planning beginning in fiscal year 2016 will be aligned closely to the most recently adopted (2012) Utility Rate Study affording spending more in line with resources provided under the rate structure. Personal Services growth is partially derived from planned 3% increases for employees and changes in compensation as a result of a Classification & Compensation Study performed in fiscal year 2014. The Debt Service/Transfers category is increased due to the increased transfers for overhead as a result of the aggressive capital spending and Return on Investment (ROI) based on growing revenues. Expenditure by Type: Personal Services: Adopted Fiscal Year 2014 $3,534,428 Propsed Fiscal Year 2015 $3,713,432 Dollar Variance $179,004 Operating: Adopted Fiscal Year 2014 $5,878,478 adopted Year 2015 $6,913,525 Dollar Variance $1,035,047 Capital Improvements: Adopted Fiscal Year 2014 $8,392,900 adopted Year 2015 $4,319,100 Dollar Variance $(4,073,800) Debt Services/Transfers: Adopted Fiscal Year 2014 $ 2,517,392 adopted Year 2015 $2,708,906 Dollar Variance $191,514 Total: Adopted Fiscal Year 2014 $20,323,198 adopted Fiscal Year 2015 $17,654,963 Dollar Variance $(2,668,235) Significant Capital Projects by Water and Sewer Utility Divisions comprise the following: Distribution and Collection: Placement of gravity sewer linings estimated at $750,000 and a lift station renovation estimated at $312,000 in the Eastbrook subdivision. Through the utilization of camera inspection, it has been identified that the gravity sewer lining in Eastbrook is in a deteriorated condition and needs to be repaired timely in order to prevent further inflow and infiltration. The lift station renovation has been part of the master plan. Continuous system inspections will reveal other areas that need attention. Expansion of sewer services and a force main on Seminola Boulevard is planned at an estimated cost of $625,000 in order to accommodate system expansion as part of the anticipated development of the City Center. The addition of a vac -con truck will assist in a preventative sewer inspection program that can identify potential pipe issues without placing a person in the sewer system. Early detection of impending maintenance problems will help the City avoid system failures and costly point repairs. Installation of new high service pumps at the North Water Production plant for $222,600 and refurbishment/painting of the Melody Lane water tower for $150,000 is requested. page 20