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REVENUES 1992 1993 1994
<br /> User Fees
<br /> Residential 46,779 46,779 46,779
<br /> Apartments 3,587 3,587 3,587
<br /> Commercial/Industrial 20,952 20,852 20,852
<br /> Institutional/Charit 4,144 4,144 4,144
<br /> 75,363 75,363 75,363
<br /> TOTAL REVENUE 226,089
<br /> EXPENSES
<br /> 1992
<br /> Res Apt Com/Ind Inst/Char
<br /> Electric 37,600 2,799 16,864 3,352 60,615
<br /> Maint 1,128 84 1,688 335 3,234
<br /> Admin 1,880 140 843 168 3,031
<br /> Totals 1992 40,608 3,023 19,394 3,854 66,880
<br /> 1993
<br /> Res Apt Com/Ind Inst/Char
<br /> Electric 40,858 3,042 18,326 3,642 65,868
<br /> Maint 1,226 91 1,833 364 3,514
<br /> Admin 2,043 152 916 182 3,293
<br /> Totals 1993 44,127 3,285 21,075 4,188 72,675
<br /> 1994
<br /> Res Apts Com/Ind Inst/Char
<br /> Electric 44,399 3,305 19,914 3,958 71,575
<br /> Maint 1,332 99 1,991 396 3,818
<br /> Admin 2,220 165 996 198 3,579
<br /> Totals 1994 47,951 3,570 22,901 4,551 78,972
<br /> TOTAL EXPENSES 218,526
<br /> OPTION #2 - FRANCHISE FEE
<br /> Another option staff researched is a franchise fee. According to Minnesota Statute, a municipality may
<br /> require that a utility pay to the municipality fees to raise revenue or defray increased municipal costs
<br /> accruing as a result of utility operations. This fee is usually a percentage of gross operating revenues.
<br /> Chapter 76, Section 12 of the Mounds View City Charter allows for a maximum of four (4) percent
<br /> (please see attachment). Last year NSP's gross operating revenues were $4,290,000 for electric. Based on
<br /> this-figure, the City of Mounds View could generate the following amount of revenue:
<br /> • at 4%, $171,600
<br /> • at 3%, $128,700
<br /> • at 2%, $85,800
<br /> • at 1%, $42,900
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