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City of Mounds ViewStreet Light Utility 2010 Rate Study2.88% 3%3%3%3%ActualActualActual Budget Projected Projected Projected Projected Projected2007 2008 2009 2010 2011 2012 2013 2014 2015ExpensesPersonnel services 3,254$ 3,473$ 3,654$ 3,633$ 3,651$ 3,761$ 3,874$ 3,990$ 4,109$ Contractual services 63,982 66,862 76,045 69,600 71,688 73,839 76,054 78,335 80,685 Transfer to other funds 2,000 2,060 2,122 2,186 2,252 2,319 2,389 2,460 2,534 Total Expenses69,236 72,395 81,821 75,419 77,591 79,918 82,316 84,786 87,329 Revenues0% 0% 7.69% 0% 0%Street light service fee 75,619 77,865 77,208 74,000 74,698 74,698 80,444 80,444 80,444 Investment income 7,399 6,222 3,318 2,000 2,889 4,333 4,307 4,380 4,381 Miscellaneous revenues - - - - - - - - - Transfers from other funds - - - - - - - - - Total Revenues83,018 84,087 80,526 76,000 77,587 79,031 84,751 84,824 84,825 Net Income 13,782 11,692 (1,295) 581 (4) (887) 2,434 38 (2,504) Net assets - begining of year133,761 147,543 159,235 157,940 158,521 158,517 157,630 160,065 160,103 Net assets - end of year147,543$ 159,235$ 157,940$ 158,521$ 158,517$ 157,630$ 160,065$ 160,103$ 157,598$ Cash flows Net Income13,782$ 11,692$ (1,295)$ 581$ (4)$ (887)$ 2,434$ 38$ (2,504)$ Add back:Change in receivables/payables3,614 (726) 475 - - - - - - Cash - Beginning of Year116,318 133,714 144,680 143,860 144,441 144,437 143,550 145,985 146,023 Cash - End of Year133,714$ 144,680$ 143,860$ 144,441$ 144,437$ 143,550$ 145,985$ 146,023$ 143,518$ Quarterly residential service fee3.25$ 3.25$ 3.25$ 3.25$ 3.25$ 3.25$ 3.50$ 3.50$ 3.50$ Annual fee13.00$ 13.00$ 13.00$ 13.00$ 13.00$ 13.00$ 14.00$ 14.00$ 14.00$ 21
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