DATE: July 6, 2015
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
SUBJECT:
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Consideration of Resolution 2015-37, a Resolution to Adopt the Estimate of Revenues and Expenditures for the Water and Sanitary Sewer Utility Fund for Fiscal Year 2015-2016 & Fiscal Year 2016-2017 (07/14/15 WS)
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Purpose
The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning the Water Management Budget.
Background
Each year the Board adopts an operating budget for the Water and Wastewater funds of the City. The attached document contains the proposed budget for the next two fiscal years.
Financial Impact
The budget of the enterprise funds are self-supporting and require no contribution from General Fund tax collections.
Recommendation
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Staff recommends adoption of the budget resolution