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FRIDAY, APRIL 5, 1991 <br />expenditures~-in the General Fund results in'a projected surplus of $121,-619 <br />as of 6/30/92~. I <br /> <br />Mr. Brown reviewed the Electric Fund, stating that revenues were projected to <br />be slightly down in FY91-92 which mainly results from the shutdown and <br />slowdown in industry. The proposed Budget reflects a transfer of $1,750,000 <br />from the Electric Fund to the General Fund, which will still leave a <br />projected unappropriated surplus of $1,682,212 in the Electric Fund as of <br />6/30/92. <br /> <br />In the Water Fund, a 15% water rate increase is included in the proposed <br />budget to fund a continuation of a$250,000 transfer from the Water Fund to <br />the General FuAd. The combination of projected revenues, expenditures and <br />transfers in the Water Fund are expected to leave a surplus of $356,049 as of <br />6/30/92. ~ <br /> <br />In the Sewer Fund, a 44% sewer rate increase is included in the proposed <br />budget. Of this amount, a 25% increase is needed to fund operations and <br />maintenance of the sewer system and a 19% increase is needed to fund a <br />continuation of a $250,000 transfer from the Sewer Fund to the General Fund. <br />The.combination.of projected revenues, expenditures and transfers in the <br />Sewer Fund is expected to leave a surplus of $400,766 as of 6/30/92. Mr. <br />Brown explained that 2 additional positions were being requested in the Sewer <br />Fund as part of a new program aimed atidentifying and correcting inflow and' <br />infiltration problems in the sewer system. According to Mr. Brown and Water <br />Resources Director John Dyches, the State Water Control Board had been <br />pressuring the City~to take action to correct these problems, which result in <br />overflowsat the Wastewater Treatment Plant during periods of heavy rain. <br />The new program will consist of a 3-person crew who will operate equipment <br /> <br /> <br />