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Background 8
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<br /> City of Lino Lakes, Minnesota – Water and Sewer Rate Study Update
<br />2009 2010 2011 2012
<br />Operating Revenues Actual Actual Actual Budget
<br />Charges for Services 1,334,055 1,059,994 1,054,977 1,250,000
<br />Hook-up Charges 8,750 8,000 9,260 9,000
<br />Water Meter Sales 10,874 8,698 10,561 10,000
<br />Other Revenue 12,138 10,321 15,306 36,000
<br />Total Operating Revenue 1,365,817 1,087,013 1,090,104 1,305,000
<br />Operating Expenses
<br />Personal Services 187,201 172,095 175,906 181,337
<br />Materials and Supplies 269,925 208,872 154,450 237,500
<br />Contractual Services 60,814 76,755 92,345 110,000
<br />Utilities 78,532 97,060 80,906 92,000
<br />Other 21,262 28,640 19,903 31,450
<br />Depreciation 423,218 426,861 421,616 435,000
<br />Total Operating Expenses 1,040,952 1,010,283 945,126 1,087,287
<br />Operating Income (Loss) 324,865 76,730 144,978 217,713
<br />Non Operating Revenues (Expenses)
<br />Investment Earnings 74,818 37,249 43,983 25,000
<br />Special Assessments 8,107 6,216 731 10,000
<br />Bond Interest (43,298) (29,858) (15,864) (13,566)
<br />Paying Agent Fees (5,319) (5,760) (5,653) (5,500)
<br />Total Non Operating Revenues (Expenses) 34,308 7,847 23,197 15,934
<br />Net Income (Loss) Before Transfers 359,173 84,577 168,175 233,647
<br />Operating Transfers
<br />Transfers In
<br />Transfers (Out) (35,561) (34,061) (33,061) (34,511)
<br />Total Operating Transfers (35,561) (34,061) (33,061) (34,511)
<br />Net Income (Loss) 323,612 50,516 135,114 199,136
<br />Beginning Cash & Investments 2,964,709 3,432,696 3,555,128 3,649,473
<br />Net Income 323,612 50,516 135,114 199,136
<br />Depreciation 423,218 426,861 421,616 435,000
<br />Amortization 5,319 5,760 5,653 5,500
<br />Acquisition and Construction of Assets -
<br />Proceeds from New Long-Term Debt -
<br />Payments on Long-Term Debt (360,000) (375,000) (390,000) (427,500)
<br />Adjustment to Accruals 75,838 14,295 (78,038) -
<br />Ending Cash Balance 3,432,696 3,555,128 3,649,473 3,861,609
<br />Water Fund Information
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