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City of Mounds View
<br />Street Light Utility Rate Study
<br />3%3%3%3%3%
<br />Actual Actual Actual Budget Projected Projected Projected Projected Projected
<br />2016 2017 2018 2019 2020 2021 2022 2023 2024
<br />Expenses
<br />Personnel services 9,553$ 7,550$ 7,540$ 8,058$ 8,300$ 8,549$ 8,805$ 9,069$ 9,341$
<br />Supplies & materials 25 1,334 90 1,000 1,030 1,061 1,093 1,126 1,159
<br />Contractual services 70,790 76,592 77,417 78,900 81,267 83,705 86,216 88,803 91,467
<br />Lease debt service 2,532 2,328 2,118 9,251 9,252 9,252 9,252 9,252 9,252
<br />Transfer to other funds 2,612 2,690 2,771 2,854 2,940 3,028 3,119 3,212 3,309
<br />Total Expenses 85,512 90,494 89,936 100,063 102,788 105,594 108,485 111,462 114,528
<br />Revenues
<br />Street light service fee 97,759 104,224 104,322 104,402 104,412 104,412 110,213 110,213 110,213
<br />Investment income (charges)1,164 1,480 1,921 1,400 2,483 2,920 2,955 3,049 3,085
<br />Total Revenues 98,923 105,704 106,243 105,802 106,896 107,332 113,168 113,262 113,298
<br />Net change in position 13,411 15,210 16,307 5,739 4,107 1,738 4,683 1,800 (1,230)
<br />Net position - begining of year 45,136 58,547 73,757 90,064 95,803 99,911 101,649 106,332 108,132
<br />Net position - end of year 58,547$ 73,757$ 90,064$ 95,803$ 99,911$ 101,649$ 106,332$ 108,132$ 106,901$
<br />Cash flows
<br />Net change in position 13,411$ 15,210$ 16,307$ 5,739$ 4,107$ 1,738$ 4,683$ 1,800$ (1,230)$
<br /> Add back:
<br />Change in receivables/payables (351) (3,053) (1,097) - - - - - -
<br />Debt service - principal (6,719) (6,923) (7,133) - - - - - -
<br />Lease proceeds
<br />Cash - Beginning of Year 116,517 122,858 128,092 136,169 141,908 146,016 147,754 152,437 154,237
<br />Cash - End of Year 122,858$ 128,092$ 136,169$ 141,908$ 146,016$ 147,754$ 152,437$ 154,237$ 153,006$
<br />6.25%6.25%0.00%0.00%0.00%0.00%5.56%0.00%0.00%
<br />Quarterly residential service fee 4.25$ 4.50$ 4.50$ 4.50$ 4.50$ 4.50$ 4.75$ 4.75$ 4.75$
<br />Annual fee 17.00$ 18.00$ 18.00$ 18.00$ 18.00$ 18.00$ 19.00$ 19.00$ 19.00$ 19
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