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City of Mounds View
<br />Street Light Utility 2016 Rate Study
<br />2.5%2.5%3%3%3%
<br />Actual Actual Actual Budget Projected Projected Projected Projected Projected
<br />2012 2013 2014 2015 2016 2017 2018 2019 2020
<br />Expenses
<br />Personnel services 3,684$ 3,598$ 3,769$ 8,259$ 8,465$ 8,677$ 8,937$ 9,206$ 9,482$
<br />Supplies & materials - - - 1,000 1,025 1,051 1,082 1,115 1,148
<br />Contractual services 78,729 92,976 64,999 93,900 96,248 98,654 101,613 104,662 107,802
<br />Transfer to other funds 2,320 2,390 2,462 2,536 2,599 2,664 2,744 2,827 2,911
<br />Total Expenses 84,733 98,964 71,230 105,695 108,337 111,046 114,377 117,808 121,343
<br />Revenues
<br />Street light service fee 76,231 82,625 88,052 92,067 100,712 106,636 112,561 118,485 118,485
<br />Investment income (charges)1,262 (3,218) 5,251 1,300 1,635 2,061 2,517 3,041 3,153
<br />Total Revenues 77,493 79,407 93,303 93,367 102,348 108,697 115,078 121,526 121,638
<br />Net change in position (7,240) (19,557) 22,073 (12,328) (5,990) (2,349) 701 3,718 295
<br />Net position - begining of year 142,146 134,906 115,349 137,422 125,094 119,105 116,756 117,456 121,174
<br />Net position - end of year 134,906$ 115,349$ 137,422$ 125,094$ 119,105$ 116,756$ 117,456$ 121,174$ 121,469$
<br />Cash flows
<br />Net change in position (7,240)$ (19,557)$ 22,073$ (12,328)$ (5,990)$ (2,349)$ 701$ 3,718$ 295$
<br /> Add back:
<br />Change in receivables/payables (891) (8,827) 5,408 - - - - - -
<br />Cash - Beginning of Year 130,383 122,252 93,868 121,349 109,021 103,032 100,683 101,383 105,101
<br />Cash - End of Year 122,252$ 93,868$ 121,349$ 109,021$ 103,032$ 100,683$ 101,383$ 105,101$ 105,396$
<br />7.69%7.14%6.67%6.25%5.88%5.56%5.26%0.00%
<br />Quarterly residential service fee 3.25$ 3.50$ 3.75$ 4.00$ 4.25$ 4.50$ 4.75$ 5.00$ 5.00$
<br />Annual fee 13.00$ 14.00$ 15.00$ 16.00$ 17.00$ 18.00$ 19.00$ 20.00$ 20.00$
<br />Residential (includes apt units)3,700 3,700 3,700 3,700 3,700 3,700 3,700 3,700 3,700
<br />Comm/Industrial 96 96 96 96 96 96 96 96 96
<br />Average Comm/Industrial chg 75.3 81.09 86.88 92.68 98.47 104.26 110.05 115.85 115.85
<br />Residential 48,100 51,800 55,500 59,200 62,900 66,600 70,300 74,000 74,000
<br />Commercial 28,915 31,139 33,364 35,588 37,812 40,036 42,261 44,485 44,485
<br />77,015 82,939 88,864 94,788 100,712 106,636 112,561 118,485 118,48519
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