Laserfiche WebLink
Section 4 <br />Based on the assumptions outlined above, the resulting projected operating results with <br />the proposed rates are summarized in Table 4-1. Exhibit 4-B contains a more detailed <br />presentation of these results. <br />- <br /> <br /> <br />Year20202021202220232024 <br />Operating Revenues $37,990,288 $38,537,169 $39,092,253 $39,655,664 $40,227,526 <br />Less Operating <br /> (35,480,019) (36,070,782) (37,020,347) (37,586,795) (38,141,864) <br />Expenses <br />Plus Non -Operating <br /> (79,079) (92,791) (679,534) (489,326) (456,653) <br />Revenues (Expenses) <br />Less City Transfers (1,365,000) (1,384,650) (1,404,594) (1,424,837) (1,445,384) <br />Change in Net Position $1,066,189 $988,946 $(12,222) $154,706 $183,624 <br />Net Position as <br />2.8% 2.6% 0.0% 0.4% 0.5% <br />Percent of Revenues <br />(1)1.5% rate increase each year from 2021-2024. <br /> <br />Cash Reserves Proposed Rates <br />A summary of the impact of the projected operating results on ERMUunrestricted <br />cash reserves assuming the proposed rate adjustments is shown at the end of Exhibit <br />4-B and in Table 4-2below. Assuming the recommended rate adjustments going <br />forward, the projected unrestricted cash balance at the end of the Study Period <br />increasesby approximately $5.4millionas compared to the projections at existing rates <br />-16- <br />174 <br />