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City of Mounds View
<br />Street Light 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 3,473$ 3,654$ 3,538$ 3,555$ 3,644$ 3,753$ 3,866$ 3,982$ 4,101$
<br />Contractual services 66,862 76,045 76,496 72,900 74,723 76,964 79,273 81,651 84,101
<br />Transfer to other funds 2,060 2,122 2,186 2,252 2,308 2,378 2,449 2,522 2,598
<br />Total Expenses 72,395 81,821 82,220 78,707 80,675 83,095 85,588 88,155 90,800
<br />Revenues 0%8.71%0.00%0.00%7.14%
<br />Street light service fee 77,865 77,208 76,261 74,000 74,000 80,444 80,444 80,444 86,190
<br />Investment income 6,222 3,318 2,091 2,000 2,000 4,006 4,046 4,013 3,902
<br />Miscellaneous revenues - - - - - - - - -
<br />Transfers from other funds - - - - - - - - -
<br />Total Revenues 84,087 80,526 78,352 76,000 76,000 84,450 84,490 84,457 90,092
<br />Net Income 11,692 (1,295) (3,868) (2,707) (4,675) 1,355 (1,097) (3,698) (708)
<br />Net assets - begining of year 147,543 159,235 157,940 154,072 151,365 146,691 148,045 146,948 143,250
<br />Net assets - end of year 159,235$ 157,940$ 154,072$ 151,365$ 146,691$ 148,045$ 146,948$ 143,250$ 142,543$
<br />Cash flows
<br /> Net Income 11,692$ (1,295)$ (3,868)$ (2,707)$ (4,675)$ 1,355$ (1,097)$ (3,698)$ (708)$
<br /> Add back:
<br />Change in receivables/payables (726) 475 913 - - - - - -
<br />Cash - Beginning of Year 133,714 144,680 143,860 140,905 138,198 133,524 134,878 133,781 130,083
<br />Cash - End of Year 144,680$ 143,860$ 140,905$ 138,198$ 133,524$ 134,878$ 133,781$ 130,083$ 129,376$
<br />Quarterly residential service fee 3.25$ 3.25$ 3.25$ 3.25$ 3.25$ 3.50$ 3.50$ 3.50$ 3.75$
<br />Annual fee 13.00$ 13.00$ 13.00$ 13.00$ 13.00$ 14.00$ 14.00$ 14.00$ 15.00$ 21
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