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City of Mounds View
<br /> Street Light 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 $ 2,820 $ 3,270 $ 3,862 $ 3,978 $ 4,097 $ 4,220 $ 4,347 $ 4,477
<br /> Contractual services 49,752 52,907 59,030 60,801 62,625 64,504 66,439 68,432
<br /> Transfer to other funds - - 2,000 2,000 2,000 2,000 2,000 2,000
<br /> Total Expenditures 52,571 56,177 64,892 66,779 68,722 70,724 72,786 74,909
<br /> Revenues
<br /> Street light service fee 72,677 75,480 72,000 73,262 73,262 73,262 73,262 73,262
<br /> Investment income 1,769 4,697 1,875 3,759 3,797 4,047 4,244 4,386
<br /> Miscellaneous revenues 18,000 381 - - - - - -
<br /> Transfers from other funds - - - - - - - -
<br /> Total Revenues 92,446 80,559 73,875 77,021 77,058 77,308 77,506 77,648
<br /> Net Income 39,875 24,381 8,983 10,242 8,336 6,585 4,720 29738
<br /> Net assets-begining of year 69,505 109,380 133,761 133,761 144,003 152,339 158,924 163,644
<br /> Net assets-end of year $ 109,380 $ 133,761 $ 142,744 $ 144,003 $ 152,339 $ 158,924 $ 163,644 $ 166,383
<br /> Cash flows
<br /> Net Income $ 39,875 $ 24,381 $ 8,983 $ 10,242 $ 8,336 $ 6,585 $ 4,720 $ 2,738
<br /> Deduct:
<br /> Capital outlays-equipment - - - - - - - -
<br /> Add back:
<br /> Change in receivables/payables 555 (3,394) - - - - - -
<br /> Cash-Beginning of Year 54,901 95,331 116,318 116,318 126,560 134,896 141,481 146,201
<br /> Cash-End of Year $ 95,331 $ 116,318 $ 125,301 $ 126,560 $ 134,896 $ 141,481 $ 146,201 $ 148,940
<br /> Quarterly residential service fee $ 3.25 $ 3.25 $ 3.25 $ 3.25 $ 3.25 $ 3.25 $ 3.25 $ 3.25
<br /> Annual fee $ 13.00 $ 13.00 $ 13.00 $ 13.00 $ 13.00 $ 13.00 $ 13.00 $ 13.00
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