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Donald Bragar Page 2 <br /> g <br /> Finance Director <br /> ICity of Mounds View <br /> IIn addition, the projections were on the following: <br /> IWater Utility Rates: <br /> Water Billing <br /> I Rate per based on usage Percent <br /> 1,000 gallons of 20,000 gallons Increase <br /> I 1990 $0.90 $18.00 6.0% <br /> 1991 0.95 19.00 5.5% <br /> 1992 1.05 21.00 10.5% <br /> I 1993 1.10 22.00 4.7% <br /> 1994 1.20 24.00 9.1% <br /> I <br /> tCapital Acquisitions: <br /> 1990 $15,940 <br /> 1991 $14,910 <br /> 1992 <br /> 1993 <br /> $11,300 (truck) and$36,400 for water main <br /> $69,600 (truck) <br /> ' 1994 $0 <br /> In addition to the above, an estimated$5,000 for miscellaneous equipment was <br /> Iprojected for 1992, 1993 and 1994. <br /> I <br /> The projections indicate the annual rate increases shown above will provide adequate cash <br /> flow to retire the anticipated bond issue and fund operating expenses. <br /> projects are contained in the attached exhibits as follows: <br /> IScenario A - Base projects and Group A and B projects: <br /> I Assuming level annual debt service payments and a 8% annual rate increase: <br /> Projected Balance Sheet Exhibit 1 <br /> Projected Statement of Revenue, Expenses <br /> I <br /> and changes in Retained Earning Exhibit 2 <br /> Projected Statement of Cash Flows Exhibit 3 <br />