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MAR 21 194 <br />BOOK 5 6' PAGE"4II3 <br />been improvements in the water and sewer system and that <br />these are being evaluated. <br />Administrator Wright emphasized that we are not <br />actually making that much money because we have got some <br />additional debt coming on line and a number of other things; <br />so, we cannot feel we are rich. <br />Mr. Moats confirmed that any time you have an enter- <br />prise system, you have to have sufficient coverages and the <br />fund is on a user charge basis and must stand on its own. <br />Chairman Scurlock inquired what May Zima is hearing <br />statewide in regard to the possible effect of Proposition I <br />as it would apply to the utility system. <br />Mr. Moats was not sure of the overall effects, but <br />believed it would have a drastic effect since Proposition I <br />addresses all revenues and an enterprise fund must have <br />enough revenues to meet its costs. <br />Commissioner Wodtke wished to know if the fixed assets <br />reviewed on Page 39 include the Supervisor of Elections and <br />her voting machines, etc. <br />Finance Director Fry explained that the Supervisor of <br />Elections operation is accounted for under the Board and is <br />included in the Board of County Commissioners financial <br />statements. The Board actually buys all her equipment out of <br />their budget; so, these are the Board's assets to start <br />with. <br />Also with reference to Proposition I, Commissioner <br />Wodtke commented on the statement made on Page 42 in regard <br />to the rate at which Florida counties are allowed to levy <br />property taxes, which points out that even though we are <br />allowed to levy up to 10 mills, our current millage rate is <br />3.46325. He further noted that the figures presented on <br />Page 162 show that while the County's total assessed value <br />has increased by four times over the last ten years, the <br />IN <br />� � r <br />