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City of Mounds ViewStorm Water Utility 2009 Rate Study0% 3% 3% 3% 3%ActualActualActual Budget Projected Projected Projected Projected Projected2006 2007 2008 2009 2010 2011 2012 2013 2014ExpensesPersonnel services 67,447 78,929 85,715 83,251 83,667 83,709 86,220 88,807 91,471 Supplies & materials 7,727 2,827 9,905 13,526 13,526 13,932 14,350 14,780 15,224 Contractual services 61,836 24,200 69,456 94,140 94,140 96,964 99,873 102,869 105,955 Feasibility reports - - - - - - - - - Update FEMA flood ins. study - - - - 10,000 - - - - Depreciation 34,841 34,337 31,878 35,000 35,000 36,000 37,000 38,000 39,000 Transfers to vehicle fund 6,000 6,000 16,000 16,000 14,000 14,000 14,000 14,000 14,000 Total Expenses177,851 146,293 212,954 241,917 250,333 244,605 251,443 258,457 265,650 RevenuesStorm water service fee 216,496 208,411 224,391 225,669 268,046 294,851 294,851 294,851 308,253 Intergovernmental revenue - - - - - - - - - Investment income 45,845 67,448 57,985 34,000 21,375 31,346 32,173 34,351 35,738 Capital contributions - - - - - - - - - Transfers from vehicle fund 30,000 - - - 34,000 - - - - Total Revenues292,341 275,859 282,376 259,669 323,421 326,196 327,024 329,202 343,991 Net Income 114,490 129,566 69,422 17,752 73,088 81,591 75,581 70,745 78,341 Net assets - beginning of year2,398,552 2,513,042 2,642,608 2,712,030 2,729,782 2,802,870 2,884,462 2,960,042 3,030,787 Net assets - end of year2,513,042 2,642,608 2,712,030 2,729,782 2,802,870 2,884,462 2,960,042 3,030,787 3,109,128 Cash Flows Net Income114,490$ 129,566$ 69,422$ 17,752$ 73,088$ 81,591$ 75,581$ 70,745$ 78,341$ Deduct:Capital outlays - equipment - - - - (34,000) - - - - Construction - - - (355,000) (98,000) (90,000) (40,000) (62,500) (55,000) Add back:Depreciation 34,841 34,337 31,878 35,000 35,000 36,000 37,000 38,000 39,000 Change in receivables/payables(1,065) 2,575 38,045 - - - - - - Cash - begining of Year916,921 1,065,187 1,231,665 1,371,010 1,068,762 1,044,850 1,072,442 1,145,022 1,191,267 Cash - end of year1,065,187$ 1,231,665$ 1,371,010$ 1,068,762$ 1,044,850$ 1,072,442$ 1,145,022$ 1,191,267$ 1,253,608$ Quarterly residential service fee7.50$ 7.50$ 8.25$ 9.00$ 10.00$ 11.00$ 11.00$ 11.00$ 11.50$ Annual fee30.00 30.00 33.00 36.00 40.00 44.00 44.00 44.00 46.00 19
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