Page 209 - Ord 866 Adopting a revised Fiscal Year 17-18 and new proposed Fiscal Year 18-19 budget

Section 5 Internal Service Funds
Utility Maintenance & Replacement Overview

The Utility Maintenance & Replacement Fund ( UMR) was created to provide a mechanism for
repair and replacement of existing capital assets such as pump stations, lift stations, elevated
and ground storage facilities, water and sewer lines, etc.

This fund receives planned revenue transfers from the Utility Fund that are intended to cover
the cost of future capital repair and replacement. Similar to the General Maintenance and
Replacement Fund, the UMR was created to help avoid future bond programs and encourage
a conservative pattern of spending that minimizes reliance on elastic revenue streams.

Projects are included each year from a long-range maintenance schedule which incorporates
routine scheduled maintenance, recommended replacement guidelines and evaluations, and
upgrades of lines and permanent capital assets.

Revenues and Other Sources
Revenues and other sources are budgeted at $21,350.
This represents a 31% increase of $5,000 from the prior year estimated.
o Transfers in from the Utility Fund increased $ 5,000 from the prior year in order to build
fund balance.

Expenditures and Other Uses
Expenditures and other uses are budgeted at $225,000.
This represents a 100% increase from the prior year estimated.
o The following projects were pushed out from FY17/ 18 to FY18/ 19
Pump Station Equipment $ 90,000
Repaint Ground Storage Tank $90,000
Sewer Easement Cleaning Machine $ 45,000

Fund Balance
Excess revenues over(under) expenditures are projected to the $(203,650).
The beginning fund balance is projected to be $845,683.
The ending fund balance is projected to be $642,033.

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