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Water Fund
<br />
<br />The results of the ¥
<br />
<br />$1,!
<br />
<br />$1,(
<br /> $~
<br /> $~
<br /> $:
<br /> $~
<br /> $:
<br />
<br />$:
<br />$:
<br />
<br />,m~Revenue
<br />~Operting
<br />
<br />'")'O"Income
<br />~l~'-Transfers to ci
<br />
<br />tater fund are as follows:
<br />
<br /> 2000
<br />
<br />$755,462
<br />$615,042
<br />$478,O29
<br />$618,449
<br />$56,621
<br />
<br />City of Elk River
<br /> March 19, 2004
<br /> Page Eleven
<br />
<br />Water Opertions
<br />
<br />Summary
<br />
<br />2001 2002 2003
<br />
<br />$844,982 $834,562 $1,056,900
<br />$715,638 $853,598 $1,435,031
<br />$582,259 $328,876 $495,184
<br />
<br />$711,603 $309,840 $117,053
<br />$19,206 $23,893 $106,926
<br />
<br />The following tabk
<br />
<br />Year
<br />
<br />2003
<br />2002
<br />2001
<br />2000
<br />
<br />The Water fund ca~
<br />amount of capital
<br />outstanding of $7,
<br />good practice to en
<br />
<br />952.835.9090 ° Fax 952.835.3261
<br />www.aemcpas.com
<br />
<br />gives an indication of the sources
<br />
<br />Beginning
<br />Cash Operating
<br />Balance Activities
<br />
<br />$ 1,995,495 $ 1,128,351
<br />4,484,859 587,505
<br />1,393,254 1,127,432
<br />1,499,657 827,979
<br />
<br />nd uses of cash for the past four years:
<br />
<br /> Cash Provided (Used) By
<br />Non-capital Capital
<br />Financing Financing
<br />Activities Activities
<br />
<br /> Ending
<br />Investing Cash
<br />Activities Balance
<br />
<br />(107,431
<br />682,857
<br />(145,625
<br />(191,303
<br />
<br />$ 210,930 $ 6,129$ 3,233,474
<br /> (3,869,730) 110,004 1,995,495
<br /> 2,012,042 97,756 4,484,859
<br /> (826,454) 83,375 1,393,254
<br />
<br />.h from operations has been consistdntly high but has not been sufficient to cover the significant
<br />:tivities over the last four years. AS a result the bonds payable have increased to the current amount
<br />88,750. The Utilities does monitor results of operations and furore cash flow needs closely. This is a
<br />ure that rates are sufficient to meet the needs of the operations.
<br />
<br />
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