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<br />Water utility. For a long number of years the water system has been unable to <br /> <br />support itself from its own revenues and has drawn upon the general funds. It <br /> <br />should be self-supporting and for several budgets efforts have been made to <br /> <br />achieve a balance. As example of a differential the current year 1958-59 budget <br /> <br />provided: <br /> <br />Adopted expenditures <br />Estimated revenues <br />Deficit made up from general fund <br /> <br />$301,186.23 <br />279,923.00 <br />$ 21,263.23 <br /> <br />Some pride is taken in the near balance achieved in this proposed budget with a <br /> <br />deficit below that of a number of years. This pride is claimed although it was <br /> <br />partly dictated by the overall budget situation and is at the expense of some <br /> <br />needed water projects. <br /> <br />Proposed expenditures <br />Estimated revenues <br />Deficit to be made from general funds <br /> <br />$300,245.70 <br />295,437.00 <br />$ 4,808.70 <br /> <br />On the final pages of this memorandum of transmittal are presented in consolidated <br /> <br />summary form the principal accounts of the complete proposed budget. City <br /> <br />Council also will be provided with individual copies of the detailed budget. <br /> <br />To enable quick visual appraisal, there immediately follows charts on which are <br /> <br />shown comparisons of the percentages which the primary revenue and expenditure <br /> <br />items represent of the total budget as is herewith pres ented. <br /> <br />Within this budget schedule for the fiscal year of 1959-60 there are certain general <br /> <br />conditions relating to portions of the budget and certain inclusions and omissions <br /> <br />to which particular attention should be directed. Those provisions of the financial <br /> <br />program of the forthcoming twelve months to which the City Council, along with <br /> <br />- 8 - <br />