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Background <br />12 <br />The City currently includes depreciation in its annual budget and until <br />recently, user rates in each utility fully funded annual depreci <br />since 2011, sewer rates are not fully funding annual depreciatio <br />recommendations will show the necessary rate increases in order <br />again fully fund deprecation in the Sewer Fund. <br />Assumptions <br />The City provided Springsted with a variety of material includin <br />2009-2011 Financial Reports <br />2012 and 2013 Operating Budgets for each Fund <br />2013-2025 Capital Improvement Plan Î listing cost and year of <br />expenditure in 2012 dollars <br />Capital costs were inflated to year of construction cost, using the 10- <br />year average of the Municipal Cost Index, or a 3.59% inflation f <br />Projected new connections to the water and sewer system over the <br />planning period <br />Detailed number of water connections by quarter by user class fo <br />2010 and 2011 <br />Detailed water consumption data by quarter by user class for 201 <br />and 2011 <br />Previous utility rates <br />We have used the information provided by the City as the basis o <br />projections, as well as discussions with City personnel. <br /> <br />City of Lino Lakes, Minnesota – Water and Sewer Rate Study Update <br /> <br />