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2023
<br />2020 2021 2022 ORIGINAL BUDGET
<br />ACTUAL ACTUAL ACTUAL BUDGET 2024
<br />Operating revenues:
<br />Water billings 1,168,083 1,261,990 1,208,947 1,280,084 1,344,244
<br />Water service insurance 93,774 95,441 95,282 92,000 102,000
<br />Other charges 10,927 13,435 16,237 9,000 9,000
<br />Total revenues 1,272,783 1,370,866 1,320,465.61 1,381,084 1,455,244
<br />Operating expenses (4820):
<br />Personnel services 65,508 40,021 88,157 73,054 79,530
<br />Materials & Supplies - - - 50 50
<br />Other Services & Charges 17,096 18,971 17,820 26,263 29,118
<br />Debt costs 100,764 77,350 71,186 86,173 79,148
<br />Operating expenses (4823):
<br />Personnel services 349,699 341,047 361,326 385,900 436,660
<br />Materials & Supplies 38,616 47,932 39,007 44,458 46,758
<br />Other Services & Charges 187,693 185,385 274,234 224,194 233,194
<br />Depreciation 198,159 194,482 186,181 220,000 200,000
<br />Operating expenses (4825):
<br />Personnel services 42,114 42,150 45,539 45,268 45,200
<br />Materials & Supplies 14,704 20,435 42,157 35,544 45,944
<br />Other Services & Charges 116,149 125,763 140,995 147,245 153,245
<br />Total expenses 1,130,502 1,093,537 1,266,601.50 1,288,149 1,348,847
<br />Operating income (loss) 142,281 277,329 53,864 92,935 106,397
<br />Nonoperating revenues (expenses):
<br />Special assessments 87,564 85,600 85,480 80,500 81,000
<br />Investment earnings 6,257 4,157 (83,778) 2,000 2,000
<br />Intergovernmental revenue 649 464 1,589 - -
<br />Connection/WAC charges 5,250 2,850 48,550 2,000 2,000
<br />Contingency - - - (15,000) (15,000)
<br />Total nonoperating revenues (expenses)99,720 93,071 51,840.96 69,500 70,000
<br />Net income (loss) before contributions
<br /> and transfers 242,001 370,400 105,705 162,435 176,397
<br />Transfers in (out):
<br />General Fund (82,859) (85,345) (87,905) (90,542) (93,258)
<br />Vehicle & Equipment Replacement (67,000) (70,000) (70,000) (80,000) (90,000)
<br />Vehicle & Equipment Replacement - 125,000 - 82,500 -
<br />Change in net assets 92,142 340,055 (52,200) 74,393 (6,861)
<br />Net assets - January 1 4,181,479 4,273,621 4,613,675 4,561,475 4,635,868
<br />Net assets - December 31 4,273,621 4,613,675 4,561,475 4,635,868 4,629,007
<br />2023
<br />2020 2021 2022 ORIGINAL BUDGET
<br />ACTUAL ACTUAL ACTUAL BUDGET 2024
<br />Net income (loss) before contributions
<br /> and transfers 242,001 370,400 105,705 162,435 176,397
<br />Add depreciation 198,159 194,482 186,181 220,000 200,000
<br />Change in current assets (27,528) (124,004) (38,620) - -
<br />Change in current liabilities 468,320 352,744 (188,951) - -
<br />Purchase of fixed assets (2,959,543) (2,165,314) (1,231,434) (1,707,500) (600,000)
<br />Debt principal 5,830,000 - (335,000) (350,000) (355,000)
<br />Transfers in (out)(149,859) (30,345) (157,905) (88,042) (183,258)
<br />Net increase (decrease) in cash 3,601,551 (1,402,038) (1,660,024) (1,763,107) (761,861)
<br />Cash balance - January 1 676,292 4,277,843 2,875,805 1,215,781 (547,326)
<br />Cash balance - December 31 4,277,843 2,875,805 1,215,781 (547,326) (1,309,187)
<br />STATEMENT OF CASH FLOWS
<br />CITY OF MOUNDS VIEW
<br />WATER FUND (700)
<br />STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS
<br />93
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