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City of Lino Lakes, Minnesota <br />Management Report, Page 41 <br />The Utility Fund had a cash balance of $105,493 at December 31, 1992. This balance is due <br />mainly to the issuance of the Water Tower Revenue Bonds. At December 31, $102,675 of the <br />cash balance consisted of unused bond proceeds which were restricted for future water tower <br />construction. The remaining $2,818 is available for water and sewer operations. <br />The MWCC bills the City annually on an estimated basis. These billings are adjusted at a later <br />date and the City is billed the additional amount or given a refund. The MWCC billings for <br />calendar years 1982 through 1993 have been as follows: <br />Billings from MWCC <br />Estimated Final <br />Percent Percent <br />Year Amount Change Amount Change <br />1983 $19,027 22.72% $23,866 63.56% <br />1984 26,107 37.21% 22,011 (7.77)% <br />1985 30,050 15.10% 25,039 13.76% <br />1986 33,283 10.76% 29,147 16.41% <br />1987 37,845 13.71% 32,519 11.57% <br />1988 41,351 9.26% 40,197 23.61% <br />1989 52,098 25.99% 48,521 20.71% <br />1990 67,232 29.05% 70,243 44.77% <br />1991 78,048 16.09% 96,542 37.44% <br />1992 104,090 33.37% N/A N/A <br />1993 141,730 36.16% N/A N/A <br />$150,000 <br />$140,000 <br />$130,000 <br />$120,000 <br />$110,000 <br />$100,000 <br />$90,000 <br />$80,000 <br />$70,000 <br />$60,000 <br />$50,000 <br />$40,000 <br />$30,000 <br />$20,000 <br />$10,000 <br />$0 <br />MWCC Billings <br />i <br />III Ell <br />I MI <br />rl.< <br />1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 <br />® Estimated Billings •`` Actual Billings <br />