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WASTEWATER TREATMENT PLANT EXPANSION
<br />November 6, 1995
<br />(4) Based on 20 year term and current interest rates plus 1/4 percent
<br />(5) Includes 6% annual increase
<br />These are estimated projections only which will change significantly depending on connections, rate and expense increases, and other factors.
<br />FIVE YEAR DATA
<br />1991
<br />1992
<br />1993
<br />1994
<br />1995•
<br />stomer Charges
<br />428,804
<br />429,612
<br />469,386
<br />532,020
<br />534,000
<br />*Estimated
<br />Connection Fees
<br />177,911
<br />139,150
<br />238,640
<br />358,546
<br />475,000
<br />Connection Equivalents
<br />137
<br />107
<br />184
<br />276
<br />365
<br />(1) Excludes Interest Income & Other Revenue
<br />(2) Excludes Other Non - Operating Expenses
<br />TOTAL REVENUE (1)
<br />606,715
<br />568,762
<br />708,026
<br />890,566
<br />1,009,000
<br />(3) Capital Outlay
<br />Expenses are
<br />not included
<br />Operating Expenses
<br />272,632
<br />318,359
<br />291,966
<br />306,197
<br />326,500
<br />Depreciation
<br />124,448
<br />126,828
<br />142,046
<br />162,467
<br />170,000
<br />TOTAL OPERATING EXPENSES
<br />397,080
<br />445,187
<br />434,012
<br />468,664
<br />496,500
<br />Transfer to General Fund
<br />6,000
<br />6,000
<br />6,000
<br />6,000
<br />6,000
<br />CASH BALANCE
<br />1,185,802
<br />959,834
<br />1,076,994
<br />1,236,980
<br />1,714,528
<br />(Sept. 30)
<br />Annual Revenues in Excess of
<br />Expenses (1)(2)(3)
<br />203,635
<br />117,575
<br />268,014
<br />415,902
<br />506,500
<br />DEBT SERVICE
<br />AND ANNUAL REVENUE REQUIREMENTS
<br />Debt Service
<br />Estimated
<br />Estimated
<br />Estimated
<br />ANNUAL
<br />Estimated Revenues based on
<br />Bond Issue
<br />Annual
<br />Operating
<br />Transfers
<br />Avg. Cap.
<br />REVENUE
<br />Scenario
<br />Year 1994
<br />1996(4)
<br />Total
<br />Exp. 15)
<br />Out
<br />Outlay
<br />REQUIRED
<br />#1
<br />#2
<br />#3
<br />1995 82,034
<br />82,034
<br />496,500
<br />6,000
<br />584,534
<br />1,009,000
<br />1,009,000
<br />1,009,000
<br />1996 133,560
<br />133,560
<br />516,700
<br />6,000
<br />110,000
<br />766,260
<br />911,300
<br />878,800
<br />878,800
<br />1997 134,915
<br />307,120
<br />442,035
<br />542,500
<br />6,500
<br />200,000
<br />1,191,035
<br />902,252
<br />902,252
<br />914,447
<br />1998 131,135
<br />308,838
<br />439,973
<br />599,600
<br />6,500
<br />10,000
<br />1,056,073
<br />906,825
<br />939,325
<br />952,261
<br />1999 132,220
<br />310,316
<br />442,536
<br />629,600
<br />6,500
<br />12,500
<br />1,091,136
<br />900,198
<br />932,698
<br />959,874
<br />2000 133,017
<br />316,491
<br />449,508
<br />661,100
<br />6,500
<br />15,000
<br />1,132,108
<br />976,098
<br />1,013,598
<br />1,042,426
<br />133,580
<br />317,121
<br />450,701
<br />694,200
<br />6,500
<br />17,500
<br />1,168,901
<br />1,004,642
<br />1,042,142
<br />1,087,566
<br />002 128,990
<br />F
<br />317,421
<br />446,411
<br />728,900
<br />7,000
<br />20,000
<br />1,202,311
<br />1,049,764
<br />1,087,264
<br />1,135,450
<br />22001
<br />003 129,265
<br />347,381
<br />476,646
<br />765,300
<br />7,000
<br />22,500
<br />1,271,446
<br />1,081,255
<br />1,118,755
<br />1,186,245
<br />2004 129,270
<br />350,521
<br />479,791
<br />803,600
<br />7,000
<br />25,000
<br />1,315,391
<br />1,131,035
<br />1,168,535
<br />1,240,129
<br />2005 129,005
<br />348,021
<br />477,026
<br />843,800
<br />7,000
<br />27,500
<br />1,355,326
<br />1,209,526
<br />1,253,276
<br />1,347,289
<br />2006 128,418
<br />350,118
<br />478,536
<br />886,000
<br />7,000
<br />30,000
<br />1,401,536
<br />1,264,445
<br />1,308,195
<br />1,407,924
<br />2007 132,310
<br />351,536
<br />483,846
<br />930,300
<br />7,500
<br />32,500
<br />1,454,146
<br />1,302,773
<br />1,346,523
<br />1,472,246
<br />2008 130,670
<br />402,261
<br />532,931
<br />976,800
<br />7,500
<br />35,000
<br />1,552,231
<br />1,363,362
<br />1,407,112
<br />1,540,479
<br />2009 128,625
<br />399,453
<br />528,078
<br />1,025,600
<br />7,500
<br />37,500
<br />1,598,678
<br />1,405,646
<br />1,449,396
<br />1,612,860
<br />2010
<br />400,733
<br />400,733
<br />1,078,900
<br />7,500
<br />40,000
<br />1,527,133
<br />1,516,239
<br />1,566,239
<br />1,739,642
<br />2011
<br />400,783
<br />400,783
<br />1,130,800
<br />7,500
<br />42,500
<br />1,581,583
<br />1,562,889
<br />1,612,889
<br />1,821,092
<br />2012
<br />399,695
<br />399,695
<br />1,187,300
<br />8,000
<br />45,000
<br />1,639,995
<br />1,636,633
<br />1,686,633
<br />1,907,494
<br />2013
<br />417,440
<br />417,440
<br />1,246,600
<br />8,000
<br />47,500
<br />1,719,540
<br />1,688,098
<br />1,738,098
<br />1,999,150
<br />2014
<br />422,940
<br />422,940
<br />1,306,900
<br />8,000
<br />50,000
<br />1,787,840
<br />1,769,454
<br />1,819,454
<br />2,096,378
<br />2015
<br />456,765
<br />456,765
<br />1,374,400
<br />8,000
<br />52,500
<br />1,891,665
<br />1,826,232
<br />1,876,232
<br />2,199,518
<br />2016
<br />467,060
<br />467,060
<br />1,443,100
<br />8,000
<br />55,000
<br />1,973,160
<br />1,915,987
<br />1,965,987
<br />2,308,929
<br />Assumptions Annual Growth
<br />Rate Increases
<br />Connection Fee Inc.
<br />Number of Connections
<br />Scenario #1
<br />4%
<br />2% every other
<br />year
<br />$250 every five years
<br />Total 3825: Avg. 191
<br />Scenario #2
<br />4%
<br />2% every other
<br />year
<br />$250 every five years
<br />Total 4725: Ave. 214
<br />Scenario #3
<br />4%
<br />2% every year
<br />$250 every five years
<br />Total 4725: Ave. 214
<br />(4) Based on 20 year term and current interest rates plus 1/4 percent
<br />(5) Includes 6% annual increase
<br />These are estimated projections only which will change significantly depending on connections, rate and expense increases, and other factors.
<br />
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