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City of Mounds View
<br />Sewer Utility 2016 Rate Study
<br />2.5%2.5%3%3%3%
<br />Actual Actual Actual Budget Projected Projected Projected Projected Projected
<br />2013 2014 2015 2016 2017 2018 2019 2020 2021
<br />Expense
<br />Personnel services 293,644$ 317,133$ 330,082$ 358,636$ 367,602$ 376,792$ 388,096$ 399,739$ 411,731$
<br />Supplies & materials 19,347 28,738 16,608 34,147 35,001 35,876 36,952 38,061 39,202
<br />Contractual services 109,405 75,053 39,299 114,789 117,659 120,600 124,218 127,945 131,783
<br />MCES disposal charges 816,267 827,962 837,241 898,071 920,523 943,536 971,842 1,000,997 1,031,027
<br />Depreciation 166,533 165,752 151,592 167,000 160,000 160,000 160,000 160,000 160,000
<br />Transfers to other funds 249,361 230,962 249,611 240,309 98,028 99,829 101,684 103,595 105,563
<br />Contingency - - - 15,000 15,000 15,000 15,000 15,000 15,000
<br />Total Expenses 1,654,557 1,645,600 1,624,433 1,827,952 1,713,812 1,751,633 1,797,792 1,845,336 1,894,306
<br />1,682,622
<br />Revenues 4.00%5.00%6.00%8.00%6.00%6.00%5.00%4.00%5.00%
<br />Sanitary sewer service 1,234,628 1,324,800 1,398,187 1,416,821 1,617,944 1,702,384 1,787,504 1,859,004 1,951,954
<br />Service availability charges 850 1,200 1,900 - 1,957 2,016 2,076 2,138 2,203
<br />Investment income (79,782) 128,383 26,380 30,000 31,015 22,589 32,825 33,518 34,704
<br />Miscellaneous revenues - 30,000 - - - - - - -
<br />Transfers from vehicle fund - - - - - - 140,000 - -
<br />Total Revenues 1,155,696 1,484,383 1,426,467 1,446,821 1,650,917 1,726,989 1,962,405 1,894,660 1,988,861
<br />Change in net position (498,861) (161,217) (197,966) (381,131) (62,896) (24,644) 164,613 49,324 94,554
<br />Accounting change (GASB 68 pension)(183,094)
<br />Net position - beginning of year 4,914,084 4,415,223 4,254,006 3,872,946 3,872,946 3,810,051 3,785,407 3,950,020 3,999,344
<br />Net position - end of year 4,415,223 4,254,006 3,872,946 3,491,815 3,810,051 3,785,407 3,950,020 3,999,344 4,093,898
<br />Cash Flows
<br />Change in net position (498,861) (161,217) (197,966) (381,131) (62,896) (24,644) 164,613 49,324 94,554
<br />Deduct:
<br />Capital outlays - equipment - (7,308) - (44,750) - - (140,000) - -
<br />Construction - - (228,745) (250,000) (150,000) - (150,000) (150,000) -
<br />Add back:
<br />Depreciation 166,533 165,752 151,592 167,000 160,000 160,000 160,000 160,000 160,000
<br />Change in receivables/payables (2,320) (90,532) (110,068) - - - - - -
<br />Cash - Beginning of Year 2,880,827 2,546,179 2,452,874 2,067,687 1,558,806 1,505,910 1,641,266 1,675,880 1,735,203
<br />Cash - End of Year 2,546,179$ 2,452,874$ 2,067,687$ 1,558,806$ 1,505,910$ 1,641,266$ 1,675,880$ 1,735,203$ 1,989,758$
<br />Residential equivalent connection rate 63.22$ 66.38$ 70.36$ 75.99$ 80.55$ 85.38$ 89.65$ 93.24$ 97.90$
<br />Residential fixed rate 25.74 27.03 28.65 30.94 32.80 34.76 36.50 37.96 39.86
<br />Residential variable rate 2.05 2.15 2.28 2.46 2.61 2.77 2.91 3.02 3.17
<br />Annual based on 18,000 gal. per quarter 250.56 263.08 278.86 301.17 319.24 338.40 355.32 369.53 388.01
<br />MCES Rate increase 7.27%1.43%1.12%7.27%2.50%2.50%3.00%3.00%3.00%18
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