The meeting covered several financial matters including power cost increases, capital expenditures for infrastructure projects, and insurance rate changes. The city reviewed various operational expenses including water and sewer maintenance, vehicle purchases, and landfill operations, with discussions about managing costs and maintaining reserves. Key challenges were identified around landfill efficiency and disposal methods, with the city exploring potential solutions through partnerships and alternative approaches.
Utility Costs and Infrastructure Updates
The meeting focused on reviewing power cost increases, with City noting that supply and demand issues necessitate higher rates, and a 8.3% change effective January was discussed. The group also addressed a $445,000 capital expenditure for a sewer intercept project on Oak and Elm Streets, which was reduced in scope to half price. Insurance costs showed a 33.7% increase, and Craig was praised for managing water and sewer repairs with a $65,000 budget, including ongoing maintenance of valves and manholes. The discussion concluded with a review of expenses, including a $293,000 wastewater project, property insurance increases, and a $280,000 investment in new trash trucks.
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