08-14-2007 Special Meeting Minutes

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City Council Minutes August 14,2007 Page 2 of 9 ---------------------------- Nancy Adams requested the Council to consider giving $10,000 to the Library for the building fund, if the expansion is approved by the Council. • HRA Levy The HRA is requesting to levy $31,000 for the HRA budget through the HRA levy authorized by State Statute. This is a $1,200 increase from the 2007 budget. The Council questioned if the capital reserve line item is carried over from year to year. The Clerk noted that any funds not used in the capital reserve are carried over from year to year and are used to support new housing or redevelopment projects. • Water The proposed 2008 budget for the water fund is $208,590. This is a decrease of$62,230 from the 2007 budget. The main reason for the decrease is due to the elimination of the Water/Wastewater Supervisor position. The major increases relate to Capital Outlay. The Clerk noted that staff is proposing to purchase new billing software in 2008. The Clerk also noted that this budget is incomplete as there is no increase in revenues projected due to the rate study that is in progress. A final budget will be provided after the results of the rate study are given to the Council. The Council requested that the interest income be increased to $15,000. • Sewer The proposed 2008 budget for the sewer fund is $137,390. This is a decrease of$83,662 from the 2007 budget. The main reason for the decrease is due to the elimination of the Water/Wastewater Supervisor position. The major increases relate to Capital Outlay. The Clerk noted that staff is proposing to purchase new billing software in 2008. The Clerk also noted that this budget is incomplete as there is no increase in revenues projected due to the rate study that is in progress. A final budget will be provided after the results of the rate study are provided to the Council. • Fire