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<br />.1 <br />Fi,~ <br /> <br />City of Arden Hills <br />April 1, 2004 <br />Page Fit1een <br /> <br />Sen'er Fund <br /> <br />The folJowing is a summary of operations in the Sewer fund for the past three years: <br /> <br /> 2003 2004 2005 <br /> Amount Percent Amount Percent Amount Percent <br /> Operating revenues $ 848,976 100,0 % $ 935,207 100.0 % $ 1,055,670 100,0 % <br /> Operating expenses 1,096,590 129.2 1,081,068 ]]5,6 1,]]3,189 105.4 <br /> Operating loss (247,614) (29.2) (145,861) (15,6) (57,519) (5.4) <br /> Nonoperating <br /> revenues 9,527 Ll 32,656 3,5 ]] ,986 Ll <br /> Transfers in 56,578 6,7 <br /> Change in net assets $ (181.509) (21.4) % $ (113.205) (12,1) % $ (45.533) (4.3) % <br /> Cash and <br />. cash equivalents $ 958,132 $ 620.489 $ 422,764 <br /> Sewer Fund Operations Summary <br /> <br />$ J ,200,000 <br /> <br />$- <br /> <br /> <br />$1,000,000 <br /> <br />$800,000 <br /> <br />$600,000 <br /> <br />5400,000 <br /> <br />$200,000 <br /> <br />$(200,000) . <br /> <br />2003 <br /> <br />2004 <br /> <br />2005 <br /> <br />i. Operating revenues <br />! 0 Change in net assets <br /> <br />. Operating expenses ImNonopcrating revenues <br />Ii] Cash and cash equivalents <br /> <br />I <br />,I <br /> <br />. <br /> <br />The Sewer fund increased its rates by 15 percent in 2005. Another rate increase in 2006 is planned in order to cover <br />operating expenses. <br /> <br />952.835.9090 .. Fax 952.835.3261 <br /> <br />www.acmCjJd::;.Cllltl <br />