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City of Arden Hills <br /> April 14,2001 <br /> Page Nine <br /> Sewer fund <br /> An analysis of the Sewer fund operations follows: <br /> Year ended December 31 <br /> Sewer Fund 1997 1998 1999 2000 <br /> Charges for services $ 1,000,408 $ 1,091,586 $ 1,055,880 $ 1,040,518 <br /> Operating expenses 899,765 1,005,858 909,520 1,118,193 <br /> Income from operations 1__10O643 $ 85.728 11 360 77 6 ) <br /> Cash and investments $ 1.010.914 $$ 1.253.245-245 $ 1-308.721 1,404,465 <br /> Sewer Fund <br /> $1,400,000 <br /> $1,200,000 <br /> $1,000,000 <br /> • $800,000 <br /> ®Revenue <br /> $600,000 ■Income from operations <br /> $400,000 <br /> $200,000 <br /> $- <br /> $(200,000) <br /> 1997 1998 1999 2000 <br /> The loss from operations in 2000 resulted from a significant sewer line rehabilitation project. A similar project <br /> including the rebuild of Lift Station No. 8 will be undertaken in 2001. The Sewer Fund has a cash balance of <br /> $1,404,465. This represents a reserve of 126%of expenses based on 2000 totals. This should be adequate for working <br /> capital and other needs. <br /> • <br />