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the 2006 budget were reduced from $195,000 per year to approximately <br />$186,000 to be more conservative should a wet weather year occur. <br />Tap fee revenues, as projected, will be required to fund the loan. In the row <br />identified as "dept payment -available revenue", shows that the Town will <br />require the sale of taps until the year 2014 when the excess revenue from water <br />sales nearly exceeds the debt service. As mentioned above, the Town will need <br />to pass a resolution guaranteeing to cover the debt service with a rate increase <br />should the tap fees not be collected. <br />The most important item indicated in this spreadsheet is the fact that the water <br />fund balance never falls below $295,000. It can also be see that with the tap <br />sales, this balance grows to nearly one half million dollars one year following <br />construction of the replacement well and pipeline. <br />Feasibility Study - Keenesburg, CO <br />1 /23/2009 12 <br />