2020 Finance Department Annual Report

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2020 Annual Report • Finance Department • St. Anthony Village, Minnesota 6 II. Core Functions The core functions performed by the Finance Department are consistent with relevant legal and professional standards. In addition to these core functions, Finance also supports services for bonding for infrastructure projects, investment and cash flow management, and Tax Increment Financing (TIF) reporting. UTILITY BILLING The utility billing function includes the in-house processing of water/sewer billings. This process includes calculation of water and sewer charges as well as management of quarterly billing statements and receipts. Detailed statistics related to these activities were mentioned earlier and the graphs here represent the historical activity associated annual ground water pumped and new utility accounts. New utility accounts substantially are the results of home sales, along with business transfers and new construction. WATER FACTS • The daily gallons of water usage by all Saint Anthony water customers is shown to the right. • Residential customers used 201,862,712 gallons in 2020. With an estimated population of 9,013 means an average daily use of 61.36 gallons per person. • The treatment of water involves the use of sodium permanganate, chlorine, poly-phosphates, fluoride, UV light, peroxide and granulated carbon. The combined cost of these treatment supplies was $.67 per 1,000 gallons sold in 2020. • Producing potable water in 2020 generated electric costs of $.55 per 1,000 sold in 2020. 2012 2013 2014 2015 2016 2017 2018 2019 2020 0 20 40 60 80 100 120 140 160 180 New Utility Accounts 2020 – 706,478 Gallons daily 2019 – 658,052 Gallons daily