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• <br /> i WATER UTILITY COMMENTARY • <br /> The Water Utility accounts for the cost of providing water service to City residents <br /> and businesses. Water is pumped from six underground wells, treated, stored in an <br /> above ground reservoir and a water tower, and distributed to customers on demand. <br /> In 1992 the City constructed a new 500,000 gallon elevated water tower which <br /> replaced two older water towers. The new tower is adjacent to City Hall and <br /> provides all the necessary elevated storage required in the water system. The City <br /> also constructed a new filtration plant during 1992 and placed it in operation. The <br /> City's two-other filtration plants will be remodeled to improve the quality of <br /> filtration and to provide the most cost effective treatment of the City's drinking <br /> water. The City owns and operates this system. <br /> Costs of operation of the Water Utility are recovered from users in the form of user <br /> fees. The policy of the City is to operate the Water Utility on a break-even basis. <br /> Water user fees are reviewed annually as to their adequacy to recover costs of <br /> operating the Water Utility. <br /> • <br /> • <br /> •O <br /> CITY OF MOUNDS VIEW • <br /> WATER FUND EXPENSES <br /> DEBT 32.8% DEBT 31.5% <br /> CAPITAL 5.3% <br /> CAP <br /> 4.8% <br /> •MAINT 3.0% %' MAI MAINT 1.7% �i� :;: >�';`• '`�'%; . <br /> DEPREC 3.1% DEPREC 3.2% <br /> OPERKFIONS 58.7% OPERATIONS 58.4% <br /> 1992 1993 <br /> • <br />