RES 92218 - Laserfiche WebLink

an increase in rates will be needed, due in part to the fact that reserves still need to be rebuilt. However, staff will be working to minimize this increase. Sewer Maintenance & Operating (M & O) Funql The Sewer M & O Fund ended the fiscal year with $11,000 more than expected. Although revenues exceeded projections, approximately one-half of this revenue is passed on to the Dublin San Ramon Services District (DSRSD) for sewage treatment costs. This is reflected by expenditures also exceeding budget. Therefore, staff is recommending that Council amend the 1991-92 Sewer Maintenance and Operations budget accordingly (to reflect actual revenue and expenditures). Sewer rates are studied at least bi-annually in conjunction with DSRSD. A review is being undertaken presently. Staff expects to present the results of the study to Council in December or January. At that time staff will be recommending that we begin to phase replacement funding into the rates. Replacement funding is needed to guarantee that we have the money necessary to provide for the ongoing replacement of existing sewer lines, pump stations, etc. This program is analogous to the one already in place for the Water Fund. Sewer connection rates will be studied later this fiscal year. Appendix I contains a recap of staff recommended budget amendments for the Sewer M & O Fund operations in 1991-92. Capital Improvement Funds The 1991-92 Capital Improvement Program (CIP) ended the year essentially on target with projections. Some revenues were received earlier than expected, but the amounts are minimal. However, the 1992-93 CIP will need to be adjusted accordingly. The Park CIP ended the year with $170.000 more than projected, due primarily to interest earnings being higher than projected by $20,000, and $150,000 in Park Dedication Fees being collected sooner than projected. The Sewer CIP ended the year with $90.000 mor~ than projected. The additional revenue is due primarily to interest earnings exceeding projections by $30,000, connection fees exceeding projections by $14,000, and transfers out being $40,000 less than projected. The Street CIP ended the year with $152.000 more than expected due primarily to interest earnings exceeding projections by $25,000, and gas tax revenues exceeding projections by $72,000. The Water CIP ended the year with $84.000 less than expected. This difference is due primarily to $95,000 in costs for Well//8 being incurred in 1991-92 that were projected for 1992-93. The Miscellaneous CIP ended the year with $153.000 more than expected primarily due to interest earnings exceeding projections by $67,000, and $78,000 in development revenues being collected sooner than projected. SR 92:432