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City of Mounds View
<br />Storm Water Utility 2011 Rate Study
<br />2.5%3%3%3%3%
<br />Actual Actual Actual Budget Projected Projected Projected Projected Projected
<br />2008 2009 2010 2011 2012 2013 2014 2015 2016
<br />Expenses
<br />Personnel services 85,715 85,800 87,457 84,885 87,007 89,617 92,306 95,075 97,927
<br />Supplies & materials 9,905 9,929 15,041 16,376 16,785 17,289 17,808 18,342 18,892
<br />Contractual services 69,456 23,761 16,290 82,340 84,399 86,930 89,538 92,225 94,991
<br />Depreciation 31,878 31,878 32,151 32,000 34,000 36,000 37,000 38,000 39,000
<br />Transfers to other funds 16,000 46,000 56,000 56,000 56,000 56,000 56,000 56,000 16,000
<br />Total Expenses 212,954 197,368 206,939 271,601 278,191 285,837 292,652 299,641 266,811
<br />Revenues 0%0%0%0%0%
<br />Storm water service fee 224,391 243,342 266,966 250,718 250,718 250,718 250,718 250,718 250,718
<br />Investment income 57,985 33,176 22,653 22,000 31,446 45,368 46,080 46,864 32,523
<br />Transfers from vehicle fund - - - 40,000 34,000 - - - -
<br />Total Revenues 282,376 276,518 289,619 312,718 316,164 296,086 296,798 297,582 283,241
<br />Net Income 69,422 79,150 82,680 41,117 37,973 10,249 4,146 (2,059) 16,430
<br />Net assets - beginning of year 2,642,608 2,712,030 2,791,180 2,873,860 2,914,977 2,952,950 2,963,198 2,967,345 2,965,285
<br />Net assets - end of year 2,712,030 2,791,180 2,873,860 2,914,977 2,952,950 2,963,198 2,967,345 2,965,285 2,981,715
<br />Cash Flows
<br /> Net Income 69,422$ 79,150$ 82,680$ 41,117$ 37,973$ 10,249$ 4,146$ (2,059)$ 16,430$
<br /> Deduct:
<br />Capital outlays - equipment - (2,046) (8,174) (40,000) (34,000) - - - -
<br />Construction - - - - (98,000) (22,500) (15,000) (514,000) (5,000)
<br /> Add back:
<br />Depreciation 31,878 31,878 32,151 32,000 34,000 36,000 37,000 38,000 39,000
<br />Change in receivables/payables 6,167 (5,865) (9,745) - - - - - -
<br />Cash - begining of Year 1,231,665 1,339,132 1,442,249 1,539,161 1,572,278 1,512,251 1,535,999 1,562,146 1,084,086
<br />Cash - end of year 1,339,132$ 1,442,249$ 1,539,161$ 1,572,278$ 1,512,251$ 1,535,999$ 1,562,146$ 1,084,086$ 1,134,516$
<br />Quarterly residential service fee 8.25$ 9.00$ 10.00$ 10.00$ 10.00$ 10.00$ 10.00$ 10.00$ 10.00$
<br />Annual fee 33.00 36.00 40.00 40.00 40.00 40.00 40.00 40.00 40.00 20
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