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<br />City of Lino Lakes, Minnesota P a g e | 3 <br /> <br /> <br />2. Background <br /> <br /> - <br /> 200,000 <br /> 400,000 <br /> 600,000 <br /> 800,000 <br /> 1,000,000 <br /> 1,200,000 <br /> 1,400,000 <br /> 1,600,000 <br />Actual Actual Budget Budget <br />2018 2019 2020 2021 <br />Water Fund Historical <br />Operating Revenues Operating Expenses <br />Water Fund <br />Historical Information <br />A review of the City’s most recent financial reports for the Water Fund shows operating <br />expenses exceeded operating revenues in each year, 2018 through budgeted 2021. <br />The Water Fund ending cash and investment balance, which was approximately $6.0 <br />million in 2018, is projected to decrease to approximately $5.6 million at the end of <br />2021. <br />Operating revenues and expenses and annual cash positions are shown in the charts <br />below. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> - <br /> 1,000,000 <br /> 2,000,000 <br /> 3,000,000 <br /> 4,000,000 <br /> 5,000,000 <br /> 6,000,000 <br /> 7,000,000 <br />Actual Actual Budget Budget <br />2018 2019 2020 2021 <br />Water Fund Cash & Investments <br />Cash & Investments