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City of Mounds View
<br /> Storm Water Utility 2007 Rate Study
<br /> 3% 3% 3% 3% 3%
<br /> Actual Actual Budget Projected Projected Projected Projected Projected
<br /> 2005 2006 2007 2008 2009 2010 2011 2012
<br /> Expenditures
<br /> Personnel services 63,432 67,447 76,343 78,633 80,992 83,422 85,925 88,502
<br /> Supplies&materials 8,694 7,727 19,710 20,301 20,910 21,538 22,184 22,849
<br /> Contractual services 9,513 61,836 84,128 53,381 54,982 56,632 58,331 60,081
<br /> Feasibility reports - - 15,000 15,000 15,000 - - -
<br /> Update FEMA flood ins.study - - - - - 10,000 - -
<br /> Depreciation 24,532 34,841 20,000 20,600 21,218 21,855 22,510 23,185
<br /> Transfers to vehicle fund 6,000 6,000 6,000 16,000 16,000 16,000 16,000 16,000
<br /> Total Expenditures 112,171 177,851 221,181 203,915 209,103 209,446 204,949 210,618
<br /> Revenues
<br /> Storm water service fee 193,352 216,496 196,760 206,242 232,022 257,803 283,583 283,583
<br /> Intergovernmental revenue 138 - - - - - - -
<br /> Investment income 23,107 45,845 31,875 31,956 21,341 14,395 13,034 229
<br /> Capital contributions 21,000 - - - - - - -
<br /> Transfers from vehicle fund 114,000 30,000 40,000 - - - -
<br /> Total Revenues 351,597 292,341 268,635 238,198 253,363 272,198 296,617 283,812
<br /> Net Income 239,426 114,490 47,454 34,282 44,261 62,752 91,667 73,194
<br /> Net assets-beginning of year 2,159,126 2,398,552 2,513,042 2,513,042 2,547,324 2,591,585 2,654,337 2,746,005
<br /> Net assets-end of year 2,398,552 2,513,042 2,560,496 2,547,324 2,591,585 2,654,337 2,746,005 2,819,199
<br /> Cash Flows
<br /> Net Income $ 239,426 $ 114,490 $ 47,454 $ 34,282 $ 44,261 $ 62,752 $ 91,667 $ 73,194
<br /> Deduct:
<br /> Capital outlays-equipment (135,305) - (40,000) - - - - -
<br /> Construction (39,958) - - (408,700) (297,000) (130,000) (541,000) (41,200)
<br /> Add back:
<br /> Depreciation 24,532 34,841 20,000 20,600 21,218 21,855 22,510 23,185
<br /> Change in receivables/payables (30,448) (1,065) - - - - - -
<br /> Cash-begining of Year 858,674 916,921 1,065,187 1,065,187 711,369 479,848 434,455 7,632
<br /> Cash-end of year $ 916,921 $ 1,0659187 $ 1,092,641 $ 7119369 $ 479,848 $ 4349455 $ 7,632 $ 62,812
<br /> Quarterly residential service fee $ 7.50 $ 7.50 $ 7.50 $ 8.00 $ 9.00 $ 10.00 $ 11.00 $ 11.00
<br /> Annual fee $ 30.00 $ 30.00 $ 30.00 $ 32.00 $ 36.00 $ 40.00 $ 44.00 $ 44.00
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