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WATER UTILITY COMMENTARY <br /> • <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 /> 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 Utilit5j <br /> CITY OF MOUNDS VIEW <br /> - 1994 EXPENSES WATER FUND <br /> OPERATIONS 8 419,087 <br /> 57.3% <br /> • <br /> OTHER S 56,169 <br /> 7.7% <br /> CAPITAL $ 16,150 <br /> DEBT $ 239,878 <br /> 32.8% <br /> TOTAL EXPENSES = 5 731,294 <br /> 1993 1994 CHANGE CHANGE <br /> ESTIMATED ESTIMATED DOLLARS PERCENT <br /> EXPENSES <br /> OPERATIONS $415,531 $419,087 $3,556 0.01% <br /> CAPITAL 37,250 16,150 -21,100 -56.64 <br /> DEBT SERVICE 222,578 239,878 17,300 7.77 <br /> • OTHER: <br /> DEPRECIATION 22,600 43,169 20.569 91 .01 <br /> MAINTENANCE 12.000 13.000 1.000 • 8.33 • <br /> TOTAL $709,959 $731,284 S 21 ,325 3.00% <br />