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City of Mounds View
<br />Street Light Utility Rate Study
<br />2.5%2.5%3%3%3%
<br />Actual Actual Actual Budget Projected Projected Projected Projected Projected
<br />2014 2015 2016 2017 2018 2019 2020 2021 2022
<br />Expenses
<br />Personnel services 3,769$ 11,015$ 9,553$ 8,641$ 8,857$ 9,123$ 9,396$ 9,678$ 9,969$
<br />Supplies & materials - - 25 1,000 1,025 1,051 1,082 1,115 1,148
<br />Contractual services 64,999 169,213 70,790 73,900 75,748 77,641 79,970 82,370 84,841
<br />Lease debt service - interest - 2,335 2,532 9,253 9,555 9,555 9,555 9,555 9,555
<br />Transfer to other funds 2,462 2,536 2,612 2,690 2,771 2,854 2,939 3,028 3,118
<br />Total Expenses 71,230 185,099 85,512 95,484 97,955 100,223 102,943 105,745 108,631
<br />Revenues
<br />Street light service fee 88,052 91,563 97,759 104,412 104,412 104,412 104,412 104,412 110,213
<br />Investment income (charges)5,251 1,250 1,164 1,300 1,382 2,019 2,464 2,894 2,926
<br />Total Revenues 93,303 92,813 98,923 105,712 105,794 106,431 106,876 107,307 113,139
<br />Net change in position 22,073 (92,286) 13,411 10,228 7,839 6,208 3,933 1,562 4,508
<br />Net position - begining of year 115,349 137,422 45,136 58,547 68,776 76,615 82,822 86,755 88,316
<br />Net position - end of year 137,422$ 45,136$ 58,547$ 68,776$ 76,615$ 82,822$ 86,755$ 88,316$ 92,824$
<br />Cash flows
<br />Net change in position 22,073$ (92,286)$ 13,411$ 10,228$ 7,839$ 6,208$ 3,933$ 1,562$ 4,508$
<br /> Add back:
<br />Change in receivables/payables 5,408 87,454 (7,070) - - - - - -
<br />Cash - Beginning of Year 93,868 121,349 116,517 116,517 126,746 134,585 140,792 144,725 146,286
<br />Cash - End of Year 121,349$ 116,517$ 122,858$ 126,746$ 134,585$ 140,792$ 144,725$ 146,286$ 150,794$
<br />7.14%6.67%6.25%6.25%0.00%0.00%0.00%0.00%5.56%
<br />Quarterly residential service fee 3.75$ 4.00$ 4.25$ 4.50$ 4.50$ 4.50$ 4.50$ 4.50$ 4.75$
<br />Annual fee 15.00$ 16.00$ 17.00$ 18.00$ 18.00$ 18.00$ 18.00$ 18.00$ 19.00$ 20
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