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<br /> City of Mounds View
<br /> IUtility Rate Study
<br /> Page 2
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<br /> Historical Financial Statements
<br /> tSchedules 1 through 6 present historical financial statements from 1991 through 1995. The City
<br /> has done very well at maintaining financially sound water and sewer operating funds over the past
<br /> five years as follows:
<br /> Water Fund
<br /> 1991 1992 1993 1994 1995 (2) •
<br /> Operating revenue $421,021 $508,441 $463,630 $551,178 $592,812
<br /> Operating expenses(1) 386,692 398,641 439,082 512,573 592,053
<br /> Net income from operations 34,329 109,800 24,548 38,605 759
<br /> Other revenue/expense:
<br /> Interest revenue 111,746 93,326 87,185 103,100 100,000
<br /> Interest expense - (68,906) (146,190) (180,424)
<br /> fTransfers out (23,604) (27,719) (59,489) (61,250) (30,000)
<br /> Net income $122,471 $175,407 ($16,662) ($65,735
<br /> r ) (5109,665)
<br /> I` (1)Excludes depreciation on contributed assets
<br /> (2)Excludes transfer in of$330,000 to partially finance meter system
<br /> III
<br /> $600,000 — — 500,000,000 Comparison of
<br /> $500,000 — Water Revenue and
<br /> — 400,000,000 Gallons Sold
<br /> $400,000 —
<br /> — 300,000,000 =Operating revenue
<br /> 5300,000 —
<br /> ---o-Gallons Sold
<br /> $200,000 —
<br /> — 200,000,000
<br /> $100,000 — . — 100,000,000
<br /> 1991 1992 1993 1994 1995
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