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<br /> <br />December 8, 2005 <br /> <br />Dan Shiely <br />720 W. County Road B #114 <br />Roseville, MN 55113 <br /> <br />Dear Mr. Shie1y, <br /> <br />Enclosed is a summary income statement for the City's 2004 Water Operating Fund, along with <br />a copy of your notes that you had given to me previously. As you will see, the revenue and <br />expenditure amounts you had listed in your notes, while accurate in total, did not reflect the true <br />allocation of costs to Arden Hills. <br /> <br />We bill the City of Arden Hills for all of the water they purchase along with a proportionate <br />share of pumping and meter reading costs, and some equipment costs. The cost allocation <br />formula is designed to recoup all of the direct and indirect costs for providing water to Arden <br />I-Ells. We do not realize a profit or loss with this formula - it is a cost recovery formula only. <br /> <br />On a related note, the revenues do not include the monies collected and subsequently remitted to <br />the State as part of their mandated water connection fee. <br /> <br />If you have any questions, please feel free to contact me at 651-792-7031 <br /> <br />Sincerely, <br /> <br />C!J;;:z;t:~ <br /> <br />Christopher K. Miller <br />Finance Director <br /> <br />2660 Civic Center Drive .:. Roseville, Minnesota 55113 <br />651-792-ROSE .:. TDD 651-792-7399 .:. www.ci.roseville.mn.us <br />