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<br />Significant Drivers for Rate Increase - City <br /> <br />Increase will account for $6,884,118 or 42.90Jb of the <br />budget: <br /> <br />· Add retirees health care coverage to budget <br /> <br />· Add one FTE (employee position) & one vehicle to Sewer <br />Section (prompted by new regulations & supported by <br />Council Utilities Committee) <br /> <br />· Establish 0 & M Budget Reserve to cover unanticipated <br />expense & emergencies <br /> <br />· Increase annual Sewer CIP allocation by $200,000 to <br />$1.200 million <br /> <br />· Make semi-annual payments of $416,666. 67 + interest to <br />repay Inter-Fund Loan from Water Enterprise Fund. <br />(Approved by City Council on 6/4/07) <br /> <br />7 <br />