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<br />4 <br /> <br />TUESDAY <br /> <br />NOVEMBER 27, 1984 <br /> <br />For the sake of simplicity, we are continuing to see the four <br />nuts in October-to-October time frames. Sooner or later, how- <br />ever, we'll have to convert our thinking to fiscal-year time <br />frames, because the various moves required will have to take the <br />form of budgetary provisions and/or amendments. Sticking with <br />the October-to-October view of things, however, our financial <br />obligations look like this: <br /> <br /> <br />Oct <br />87 <br /> <br />Oct <br />94 <br /> <br />$2,600,000 <br /> <br />Also for the sake of simplicity, we are assuming that the <br />$137,616 (from October, 1986, to October, 1987), in connection <br />with our cost of temporarily diverting sewage to Koehler, will <br />be simply absorbed as an operating expense in the Sewer Fund. <br />This leaves us, therefore, with two questions: <br /> <br />1. How will we finance the $812,OOO? <br /> <br />2. How will be finance the $3,384,306? <br /> <br />The prospective answers to these questions involves the Sewer <br />Fund, the Electric Fund and, indirectly (I think we've all <br />agreed), the General Fund. <br /> <br />Recall, as we examine the two alternatives, that the Sewer Bond <br />Fund is simply a "construction account", into which we'll be <br />depositing certain sums and from which we'll be paying off our <br />contractual obligations for the various capital improvements <br />envisioned by our agreement with the County. As of this date, <br />the Sewer Bond Fund has a zero balance. <br /> <br />Alternative A <br /> <br />Schematically, Alternative A, looks like this: <br /> <br />$620,000 <br /> <br /> <br />FUND <br />Hydro Escrow <br />$2,300,000 <br /> <br />SEWER FUND <br /> <br />$300,000 $500,000 <br /> <br />\ I /300,000 <br /> <br />SEWER BOND <br />FUND <br /> <br />$50~ <br /> <br />ELECTRIC FUND <br />CAPITAL RESERVE <br /> <br />-0- <br /> <br />-0- <br />