10/01/2007 Council Packet - Laserfiche WebLink

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• • • • • • • • • • • • • • • • • 1 • • • ■ ■ 1 • Sewer Utility 34 Special Sanitary Sewer G.O. Sewer Assessments Area and Unit Year Project Utility Revenue Bonds Sewer Charge Fund Totals 2007 CSAH 14 - i35W to 135E (City Share) 15,000 15,000 2007 CSAH 14/8 (Main St) E of 35E 25,560 25,560 2007 Lift Station No. 6 Upgrade 25,000 25,000 2008 Sanitary Sewer Rehab (Lakes Addition) 136,318 136,318 2009 Street Reconstruction 257,082 314,212 96,690 667,984 2010 Sanitary Sewer Maintenance 142,943 142,943 2011 Lift Station 362,711 362,711 2011 Street Reconstruction 362,711 362,711 2012 Sanitary Sewer Maintenance 157,175 157,175 2013 Sanitary Sewer Maintenance 164,813 164,813 2014 Sanitary Sewer Maintenance 172,823 172,823 2015 Sanitary Sewer Maintenance 181,223 181,223 2016 Sanitary Sewer Maintenance 190,030 190,030 2017 Sanitary Sewer Maintenance 199.265 - _ 199.265 TOTALS $ 1,989,384 $ $ 314,212 $ 499,961 $ 2,803,556 Financial Projections The financial projections assumed the City would maintain a minimum cash balance in the Sewer Fund equal to three months of anticipated operating expenses and one - year's debt service within the planning period. This assumption was made to ensure that the Sewer Fund would have sufficient cash to fund operations going forward and meet future debt service requirements. To determine the appropriate user rates needed for the repayment of debt service and operation of the Sewer Fund, we have projected future revenue and expenditures and have incorporated the anticipated future capital outlay needs for the time period covered by this study. The financial projections began with the Sewer Fund expenditures; subsequently, revenues were adjusted to provide the recommended income, cash flow, and level of ending cash balances. Our expenditure projections are generally based on an analysis of past trends, anticipated changes in operations, and our significant experience in preparing sewer rate studies. Our projections show that the existing rate structure combined with projected growth in the customer -base, will provided sufficient revenues for the operation of the Sewer Utility through 2012. In order to have sufficient revenue for the operation of the Sewer Fund, we determined that a 2.75% annual increase in rates is needed 2013 through 2017. Our projections fund depreciation as well as the recommended reserve levels in the Sewer Fund throughout the planning period. The financial projections are shown on the following pages. City of Lino Lakes, Minnesota. Water and Sewer Study