HomeMy WebLinkAbout05.03.1999COUNCIL WORK SESSION
May 3, 1999
4:45 p.m.
Council Chambers
Members present: Getty, Krizek, Gronen, Anders, Murphy, Jordan.
Members absent: Collier.
Moved by Anders, seconded by Gronen that the Agenda, as proposed, be approved. Ayes: Four.
Absent: Murphy, Jordan, Collier. Motion carried.
Reed Craft, General Manager of Waterloo Water Works, reviewed the Calendar Year 1998 Audit
and Operating Report for the Waterloo Water Works. Mr. Craft stated that for calendar year
ending December 31, 1998 the Water Works assets and liabilities totaled $20,378.776. The
Water Works had total water sales of $2,853,717. Cash at the end of year totaled $275,622. Mr.
Craft reported that the fees for water increased on January 1, 1999.
Councilpersons Murphy and Jordan now present at 4:53 p.m.
Mr. Craft stated that the Water Works was $430,254 over budget in 1997 and $51,396 under
budget in 1998. The Water Works paid $111,658 interest expense for bonds. The Water Works
had $105,579 invested in CDs earning interest on customers' deposits.
Mr. Craft reported that as part of a water main extension project which was completed in October
1996, 86 residents in the area of South Kimball Avenue signed agreements to pay the Water
Works $5,500 participation fee for access to the water main. The participants could either pay
the total fee by August 30, 1996 or payment of $500 down and the remainder with a 15-year
promissory note.
Mr. Craft stated that the Water Works provides customer file maintenance, meter reading, billing
and collecting services for the city for garbage and sewer services. The Water Works keeps 1
percent of cash collected as a service fee. On December 31, 1998 the Water Works payable to
the city were $234,267 and $502,654 for garbage and sewer collections. Mr. Craft noted that the
Water Works maintains a retirement plan for its employees.
Mr. Craft reviewed the Operating Report for calendar year 1998. The Water Works pumped
5,307,222,00 gallons of water in 1998. The total revenue per 1,000 gallons pumped for the year
ending December 31, 1998 was .6354 and total expense per 1,000 gallons pumped was .5701 for
a net revenue of .0653. There were a total of 24,091 meters in service as of December 31, 1998.
During the year ending December 31, 1998 the water pumpage decreased 1.8 percent from the
previous year with a total of 5,307,222,000 gallons pumped. Mr. Craft reported that the Water
Works provides full service to Raymond, the Kimball Avenue Rural System and to the Black
Hawk County Rural Water System, including reading meters, billing, collection and repair and
maintenance of the water system. The Water Works provided free water service to the city at
various metered location which would have cost $81,184.30. The Water Works provides
additional free water service unmetered to city departments for fire protection, sewer flushing,
street cleaning and other purposes. Mr. Craft stated that the Water Works currently has 39
employees.
With no further business before the council, it was moved by Getty, seconded by Jordan that the
meeting be adjourned at 5:13 p.m. Ayes: Six. Absent: Collier. Motion carried.
Nancy Eckert
City Clerk