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<br />City of Lino Lakes, Minnesota <br /> <br /> <br /> P a g e | 19 <br /> <br /> <br />3. Water Utility <br />Scenario 3 <br />The financial projection for the Water Fund without a new water treatment plant but with <br />the other planned capital improvements is shown on the following page. As with <br />Scenario 2, the recommended rate increases include the impact of projected new <br />customers and are projected to minimize operating losses and to continue funding <br />adequate cash reserve levels. Ending cash projected to decline slightly from <br />approximately $5.5 million at the end of 2021 to approximately $5.0 million in 2031. In <br />this scenario, it is assumed that the City would add one new full-time-equivalent <br />employee (F.T.E.) in 2022 (splitting the cost 50/50 between water and sewer) and one in <br />2026. However, there would not be an additional F.T.E. assumed in 2024. <br />