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<br />Background
<br />7
<br />Water Fund Information
<br />Contributed Capital
<br />2004
<br />2005
<br />2006
<br />2007
<br />Operating Revenues
<br />Actual
<br />Actual
<br />Actual
<br />Budget
<br />Charges for Services
<br />897,120
<br />918,409
<br />1,107,107
<br />1,150,000
<br />Hook -up Charges
<br />25,250
<br />53,510
<br />26,321
<br />25,250
<br />Water Meter Sales
<br />54,460
<br />57,276
<br />32,783
<br />29,290
<br />Other Revenue
<br />2,245
<br />1,980
<br />8,961
<br />20,000
<br />Total Operating Revenue
<br />Operating Expenses
<br />979,075
<br />1,031,175
<br />1,175,172
<br />1,224,540
<br />Personal Services
<br />165,855
<br />153,940
<br />164,548
<br />183,457
<br />Materials and Supplies
<br />160,592
<br />158,992
<br />219,842
<br />180,500
<br />Contractual Services
<br />37,001
<br />27,316
<br />41,310
<br />66,400
<br />Utilities
<br />62,845
<br />48,114
<br />53,078
<br />82,000
<br />Other
<br />16,682
<br />16,927
<br />15,230
<br />21,370
<br />Depreciation
<br />322,835
<br />338,451
<br />353,349
<br />350,000
<br />Total Operating Expenses
<br />Operating Income (Loss)
<br />765,810
<br />213,265
<br />743,740
<br />287,435
<br />847,357
<br />327,815
<br />883,727
<br />340,813
<br />Non Operating Revenues (Expenses)
<br />Investment Earnings
<br />8,846
<br />36,105
<br />86,890
<br />55,000
<br />Special Assessments
<br />13,966
<br />13,239
<br />11,171
<br />20,000
<br />Bond Interest
<br />(144,860)
<br />(131,327)
<br />(127,254)
<br />(118,947)
<br />Paying Agent Fees
<br />(3,369)
<br />(1,525)
<br />(1,964)
<br />(2,100)
<br />Other
<br />Total Non Operating Revenues (Expenses)
<br />Net Income (Loss) Before Transfers
<br />Operating Transfers
<br />(125,417)
<br />87,848
<br />(83,508)
<br />203,927
<br />(31,157)
<br />296,658
<br />(46,047)
<br />294,766
<br />Transfers In
<br />303,108
<br />304,195
<br />299,725
<br />141,199
<br />Transfers (Out)
<br />Total Operating Transfers
<br />Net Income (Loss)
<br />303,108
<br />390,956
<br />304,195
<br />508,122
<br />299,725
<br />596,383
<br />141,199
<br />435,965
<br />Beginning Cash & Investments
<br />1,037,915
<br />1,510,649
<br />1,759,526
<br />4,113,623
<br />Net Income
<br />390,956
<br />508,122
<br />596,383
<br />435,965
<br />Depreciation
<br />322,835
<br />338,451
<br />353,349
<br />350,000
<br />Amortization
<br />3,369
<br />1,525
<br />1,964
<br />2,100
<br />Acquisition and Construction of Assets
<br />(356,081)
<br />(4,302)
<br />-
<br />Proceeds from New Long -Term Debt
<br />1,735,998
<br />-
<br />Payments on Long -Term Debt
<br />(265,000)
<br />(280,000)
<br />(295,000)
<br />(2,015,000)
<br />Adjustment to Accruals
<br />20,574
<br />36,860
<br />(34,295)
<br />-
<br />Ending Cash Balance
<br />1,510,649
<br />1,759,526
<br />4,113,623
<br />2,886,688
<br />Contributed Capital
<br />1
<br />842,183
<br />1
<br />771,360 1
<br />635,765
<br />1
<br />Springsted
<br />City of Lino Lakes, Minnesota. Water and Sewer Study
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