New Search
Draft Draft Draft <br /> Mr. Lankston stated it was important to distinguish the amounts shown as allocated to capital <br /> projects in such a way that they would not appear to be unexpended funds. He also expressed <br /> concern about moving costs to the transportation side of the budget. <br /> Mr. Ruffier suggested that a summary of program accomplishments and capital projects be <br /> included in the staff report. <br /> Mr. Corey recommended including a financial history that discussed the establishment of rates in <br /> 1994, the initial planning period, the schedule for capital expenditures, and the build up and use <br /> of reserves. Ms. Dixon observed that previous projections had identified FY04 as the year in <br /> which a rate increase would be necessary. Mr. Corey commented that the Department Advisory <br /> Committee's (DAC)work had also acknowledged the need for a rate increase. Several members <br /> mentioned a proposed increase of between $.50 and $1.00. <br /> Mr. Schoening observed that the operating program was three times larger than the capital <br /> program. The group discussed the impact of CSWMP on both capital and operating costs. Mr. <br /> Corey said it was important to dispel the perception that this was a new program that came on <br /> line in 1994 by including a history of collections and expenditures for stormwater maintenance <br /> programs. <br /> Ms. Dixon said that she was preparing information on land acquisitions and would distinguish <br /> between those funded by fees and those that were funded from grants or other sources in order to <br /> show how fees had leveraged other funds. <br /> The group discussed developing a list of expenditures to show how funds were used and <br /> concluded that a greater level of detail, including estimated financial impact of various budget <br /> scenarios, should be provided later in the budget review process. <br /> Mr. Medlin suggested the staff report contain a financial picture at a high level to demonstrate <br /> the shortfall. He said it could include major components(capital and operations), total costs, and <br /> the revenue. Figures from FY04 and FY05 could be used to illustrate the problem. <br /> Stormwater Policy Team Febrmy 11, 2003 Page 3 <br />