SYCAMORE – In the continuing budget process, City Manager Brian Gregory presented balanced sewer and water funds to the City Council at Monday’s meeting.
The good news, according to Mayor Ken Mundy, is that residents will see no increases in charges for sewer or water.
“We’ve kept the rates at the same level they are now,” Mundy said.
Gregory explained that both funds are self-supporting, receiving revenue from user fees. Both also pay debt service for loans and bonds issued for repairs or upgrades to the city’s water and sewer systems.
Along with user fees, revenue is generated for the water fund from meter fees, inspection fees, interest income and reserve transfers from other funds.
Water fund user fees range from $3.29 per 100 cubic feet for the first 400 cubic feet, down to 96 cents per 100 cubic feet for any usage of more than 17,000 cubic feet.
“The average homeowner pays about $23.90 per month for water,” Gregory said. “The city bills every two months, so that means just under $48 per month for water.”
Gregory said the water fund anticipates revenue of $2.05 million and expenditures of $2.04 million for fiscal 2015.
He said the sewer fund is balanced, as well, with anticipated revenue of $2.3 million and expenditures of $2.2 million for fiscal 2015. The average homeowner pays $26.14 a month for sewer service, he said.
Gregory said neither department anticipates any new hires in the coming fiscal year.
On another water-related matter, aldermen had the first reading of an ordinance to prohibit the use of groundwater as a potable water supply in the area of Woodgate Shell.
“This is not out of the ordinary,” Gregory said. “It’s a request by the [Illinois Environmental Protection Agency], and we have two other similar areas in the city.”
• At Monday’s City Council meeting, capital fund and capital improvement plan will be presented.
• In March, the council’s finance committee will conduct a budget workshop.
• In April, the final budget will be presented at both City Council meetings, with final adoption at the April 21 meeting.