| $1.2 million water plant expansion seen for Orchard City |
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| Written by Hank Lohmeyer | |||
| Wednesday, 12 November 2008 03:00 | |||
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The town’s water fund will provide some of the key highlights of the Orchard City 2009 budget as trustees consider next year’s finances.
A planned $1.2 million expansion of the town water treatment plant would increase water fund expenses, rocketing them high above revenues for next year and, according to the proposed budget document, “Once the project is completed the fund balance will be at a dangerously low level.” The town’s water fund balance is anticipated to drop from an estimated $1.48 million at 2008 year end to a projected $201,341 at 2009 year end. The town’s 2009 budget proposal shows a declining water tap revenue stream. From a recent high of $217,737 in water tap revenues for 2007, water tap fees have gone down precipitously to an estimated $28,800 this year (original 2008 estimate $150,000). For 2009 the town budget document projects $19,800 in water tap revenue. “Tap fee revenue can be very volatile,” states the budget narrative. “Projects such as the west main water line will have to be spread out over several years unless other sources of revenue can be found.”
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