Laserfiche WebLink
With regard to the Water & Sewer Utilities Fund, <br />Administrator Chandler announced that we received the following <br />FAX letter today from CH2M Hill confirming that the rates we are <br />considering tonight for the operating budget are sufficient to <br />fund our budget. They do not anticipate a change by the time they <br />complete their study. <br />Engineers <br />Planners <br />♦ ' Economists <br />Scientists <br />September 5, 1991 <br />SEF30360.NB <br />Mr. Jim Chandler <br />County Administrator <br />Indian River County <br />1840 25th Street <br />Vero Beach, FL 32960 <br />Dear Mr. Chandler: <br />Subject: Preliminary Analysis of Adequacy of Fiscal Year 1992 Water and <br />Wastewater Rates to Meet Expenditures Budgeted for Fiscal Year 1992 <br />In accordance with our agreement of August 28, 1991, we have conducted a <br />preliminary analysis of the adequacy of the water and wastewater rates scheduled to <br />be in effect during Fiscal Year 199' (October 1, 1991, through September 30, 1992) <br />to generate revenues sufficient to fund water and wastewater system expenditures <br />budgeted for Fiscal Year 1992. <br />We have concluded that the rates will generate sufficient revenues to meet Fiscal <br />Year 1992 utility expenditures, based on the following assumptions: <br />The assumptions given in our March 1991 Water and Wastewater Fee <br />and Rate Study report, with particular reference to customer and usage <br />increases addressed on page 3-8 of that report, remain sound. <br />• The County's forecasted unrestricted cash carry forward from Fiscal <br />Year 1991 to Fiscal Year 1992, currently estimated to have a balance of <br />zero, is reasonable. <br />• The utility's actual expenditures in Fiscal Year 1992 will be close to <br />those presented it, the County Administrator's recommended budget, <br />dated July 10, 1991. <br />37 <br />SEPI <br />11100K. 64 <br />