HomeMy WebLinkAbout1991-038 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 38 -91
RESOLUTION TRANSFERRING FUNDS FROM THE SEWER AND WATER
ENTERPRISE FUND TO THE CONNECTION AND AREA CHARGE CAPITAL
PROJECT FUND
WHEREAS, the rate increase adopted by the City of Lino Lakes in June of 1988 anticipated a
transfer of funds from the Sewer and Water Enterprise Fund to the Connection and Area Charge
Capital Project Fund; and
WHEREAS, the 1987 and 1989 bond sales projected revenue from a combination of connection
fees, trunk area assessments and services, and
WHEREAS, Resolution 01-88 established a Connection and Area Charge Capital Project Fund,
and
WHEREAS, Resolution 31-88 became effective with the second quarter billing in 1988, and
WHEREAS, the City Clerk and City Engineer have determined that the amount to be transferred
from the Sewer and Water Enterprise Fund to the Connection and Area Charge Capital Project
Fund for the last half of 1990 is $19,920, and
WHEREAS, the City's Fiscal Agent and the City's Auditor have recommended that a transfer be
made each quarter from the Sewer and Water Enterprise Fund to the Connection and Area
Charge Capital Project Fund.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LINO
LAKES, MINNESOTA:
1. That the amount of $19,920 be transferred from the Sewer and Water Enterprise Fund to
the Connection and Area Charge Capital Project fund.
2. The effective date of the transfer shall be December 31, 1990.
3. The City Clerk shall prepare a quarterly Tabulation of Sewer and Water Users, compute
the amount to be transferred from the Sewer and Water Enterprise Fund to the
Connection and Area Charge Capital Project Fund and prepare a resolution for said
transfer for approval by the Lino Lakes City Council.
Adopted by the Lino Lakes City Council this J `da of May, 1991.
Anderson, Clerk -Treasurer
Harold Bisel, Mayor
CITY OF LINO LAKES UTILITIES RATE STUDY 04/30/91
WATER SYSTEM - SUMMARY OF REVENUES & EXPENSE
1988 1989 1990 1991 1992 1993
1. WATER USERS - End of Year 294 414 570 730 890 1,090
2A. WATER USERS - AVERAGE 226 354 492 664 827 1,013
2E. Billed Gallons (000's) 27,013 59,157 55,744 75,232 93,700 114,774
2C Water Use/User/Day 327 458 310 310 310 310
3. OPERATING REVENUE & INCOME
3A. Charges for Services 43,708 72,238 105,000 150,000 194,370 235,646
3B. Other Operating Revenue 12,527 22,546 3,792
3C. Meter Sales 22,151 0 0 0
4. TOTAL OPERATING REVENUE & INCOME 56,235 94,784 130,943 149,731 194,370 235,646
5. OPERATING EXPENSES
5A. Personnel Services 19,147 20,913 30,352 34,905 40,141 46,162
5B. Materials and Supplies 1,233 1,315 1,076 8,238 9,474 10,895
5C. Contractual Services 1,068 7,148 9,044 10,401 11,961 13,755
5D. Repair and Maintenance 16,712 34,084 26,350 23,303 26,798 30,818
5E. Utilities 2,676 16,883 14,936 13,500 15,525 17,854
5F. Other 1,589 207 2,528 2,907 3,344 3,845
6. Purchase of Meters 22,151 0 0 0
7. Depreciation
7A. Purchased Assets
78. Contributed Assets
8. TOTAL OPERATING EXPENSES 42,425 80,550 106,438 93,254 107,242 123,328
9. NET INCOME (LOSS) 13,810 14,234 24,505 56,477 87,128 112,318
From WATER OPERATIONS
10. OTHER CHARGES
10A. Administration - 22 Total Revenue 1,125 1,896 2,619 2,995 3,887 4,713
10B. Bond Repayment Transfer 11,925 29,320 39,120 51,870 61,890 75,530
10C. Maintenance Reserve Fund 1,000 8,000 8,000 8,000
10D. Blaine Water Service Charge 1,157 1,200 2,000 2,600
10E. Shoreview Water Service Chg 2,500 4,000 5,640 7,322
1OF. Circle Pines Water Service Chg 0
11. TOTAL OTHER CHARGES 13,050 31,216 46,396 68,065 81,417 98,165
12. NET NET INCOME (LOSS) 760 (16,982) (21,891) (11,587) 5,710 14,153
Prom WATER OPERATIONS
RATES AND CHARGES *Note*
a) Charge / User / Quarter $15.00 $20.00 $20.00 $20.00 $20.00 $20.00
b) Rate / (000) Gallons $1.20 $1.20 $1.20 $1.20 $1.20 $1.20
** At this time only the last 1/2 of 1991 can be changed.
ANNUAL CONNECTION GROWTH RATE 160 160 200