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<br />.. <br /> <br />. <br /> <br />$1,200,000 <br />$1,000,000 <br />$800,000 <br />$600,000 <br />$400,000 <br />$200,000 <br />$- <br /> <br />City of Arden Hills <br />April 8, 1999 <br />Page Seven <br /> <br />Water Fund <br /> <br /> <br />. Revenue <br />. Income from operations <br /> <br />1995 <br /> <br />1996 <br /> <br />1998 <br /> <br />1997 <br /> <br />The cash balance ofthe Water Fund is $1,011,084 and this represents 112% of 1998 operating expenses. The current <br />level should be adequate to fund operations and meet repair needs. <br /> <br /> Year Ended December 31. <br /> Sewer Fund 1995 1996 1997 1998 <br />. Charges for services and other revenue $1,104,988 $ 1,042,597 $ t ,000,408 $ 1,091,586 <br />Operating expenses 957.241 946,717 899.765 1.005.858 <br /> Income from operations $ 147.747 $ 95.880 $ 100.643 $ 85,728 <br /> Cash and investments $ 601.016 $ 768.735 $ 1.010.914 $ 1.253.245 <br /> <br />$1,400,000 <br />$1,200,000 <br />$1,000,000 <br />$800,000 <br />$600,000 <br />$400,000 <br />$200,000 <br />$- <br /> <br />Sewer Fund <br /> <br /> <br />. Revenue <br />. Income from operations <br /> <br />1995 <br /> <br />1998 <br /> <br />1996 <br /> <br />1997 <br /> <br />. <br /> <br />The Sewer Fund has a cash balance of $t,253,245. This represents a reserve of 125% expenses based on 1998 levels. <br />This should be adequate for working capital and other needs. The MCES charges will also decrease around 6% for the <br />next two years. Based on current MCES charges of $576,346, the reduction in expenses would be about $35,000. <br />