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Financial Analysis & Management Considerations Report 12/31/1997
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Financial Analysis & Management Considerations Report 12/31/1997
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5/20/2014 4:29:11 PM
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Audit
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Financial Analysis & Management
Date
12/31/1997
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City of Lino Lakes, Minnesota <br />Management Report <br />Enterprise (Utility) Fund <br />$300,000 <br />$250,000 <br />$200,000 <br />$150,000 <br />$100,000 <br />$50,000 <br />$0 <br />MCES Billings <br />1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 <br />® Estimated Billings El Actual Billings <br />There are two basic factors which contribute to increased billings from the MCES: <br />1. Changes in use of the system. The 1997 estimated flow for the City of Lino Lakes <br />increased by 10% over 1996. <br />2. Increased cost to process sewage. The MCES's estimated cost to process (per million <br />gallons) for 1997 remained unchanged from 1996. However, this processing cost had <br />increased in prior years. <br />Beginning in 1998, the MCES has changed its funding method to be based on actual <br />consumption of prior quarters from the estimated billing method used through 1997. <br />During 1988 the City adopted a policy of charging a water user fee for core system <br />improvements. The add -on charge is calculated based on a fixed amount per quarter. Prior to <br />1996, this charge was collected as revenue of the water enterprise fund along with normal <br />charges. Such amounts were then transferred to the Area and Unit Charge Fund which financed <br />(or will finance) such improvements. During 1996 the City implemented a new utility software <br />system which allows the water user fee to be recorded directly to the Area and Unit Charge Fund. <br />Page 56 <br />
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