HomeMy WebLinkAbout11/24/1997JOINT COUNCIL/WATER WORKS BOARD WORK SESSION
November 24, 1997
5:30 p.m
Large Conference Room
Members present: Mayor Rooff, Getty, Jordan, Krizek, Murphy,
Anders, Collier, Mollenhoff.
Also present: Arnold Becker, Leon Mosley and Reed Craft.
Moved by Jordan, seconded by Mollenhoff that the Agenda, as
proposed, be approved. Ayes: Seven. Motion carried.
The Calendar Year 1998 Water Works Budget was reviewed.
Councilperson Mollenhoff asked for the projected ending fund
balance and what is necessary for the Water Works for a good cash
flow. Reed Craft, General Manager for Water Works, reported
$300,000 to $600,000 is needed, and that the total cost for
proposed 1998 capital improvements projects is $629,700.00, which
includes Phase II and Phase III of the Reservoir.
Mayor Rooff stated that the Water Works wanted the council to hold
a public hearing on the 1998 calendar year budget with a proposed
6.6 percent increase in fees. Mr. Reed stated that the Water Works
Board of Trustees will have to hold a public hearing on the 6.6
percent increase in fees after the budget has been approved. Mayor
Rooff stated that the public hearing by the council is only a
formality and that the council has no control over the Water Works
rate increase. Mr. Reed stated that he has been informed by his
attorney that the council should hold a public hearing.
Councilperson Krizek requested additional information on the
proposed budget.
Mr. Reed reported that a bond payment in the amount of $236,000
must be made four days before the end of the year. Mr. Reed stated
that the Water Works cannot anticipate the number of water main
extensions, the cost, location or whether a 6" or 8" main will be
installed. The cost for health insurance is going up 12 percent
for next year, along with a 2.3 percent salary increase. Arnold
Becker stated that costs have increased since the last fee increase
three years ago. Mr. Reed stated that the Waterloo Water Works has
the lowest water rates in the state.
The council requested a copy of the complete budget.
Councilperson Mollenhoff stated that the Water Works auditors
should be able to suggest a safe level of cash flow.
Mr. Reed stated that although the Water Works Board has approved
the budget, the rate increase issue has not been discussed
specifically. A public hearing will be held three months before it
goes into effect.
With no further business before the council, it was moved by Getty,
seconded by Murphy that the meeting be adjourned at 6:15 p.m.
Ayes: Seven. Motion carried.
Nancy Eckert
City Clerk