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uu <br /> City of Arden Hills <br /> April 14,2001 <br /> Page Eight <br /> • �� <br /> I <br /> Enterprise Funds <br /> Water fund <br /> A further detailed comparison of operations both as a table and graphically as follows: <br /> Year ended December 31 <br /> Water Fund 1997 1998 1999 2000 <br /> Charges for services $ 999,386 $ 1,043,989 $ 1,058,483 $ 1,142,587 <br /> Operating expenses before depreciation <br /> on contributed property 845,992 901,872 943,248 1,357,855 <br /> Income from operations $ 153.394 $ 142.117 $ 115.235 21 2 ) <br /> Transfer standby charges to the PIR Fund $ 72.598 $.74.122 .$78.528 57 49 <br /> Cash balance $ $R 1011 084084 $$ 1.167 755 97 4 <br /> Water Fund <br /> $1,400,000 <br /> $1,200,000 <br /> $1,000,000 <br /> $800,000 <br /> $600,000 ■Revenue <br /> $400,000 ■Income from operations <br /> $200,000 <br /> $(200,000) <br /> $(400,000) <br /> 1997 1998 1999 2000 <br /> The loss from operations in 2000 resulted from the implementation of the residential water meter replacement project. <br /> This project is expected to be completed in 2001. The cash balance of the Water Fund is$997,742 and this represents <br /> 73%of 2000 operating expenses. The current level should be adequate to fund operations and meet repair needs. <br /> • <br />