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(Draft January 2002) Key Financial Strategies
<br /> For Elk River
<br />
<br />With positive operating income, trends in the Sewer Fund do not suggest the
<br />immediate need for rate adjustments. The Sewer Fund not only receives revenue
<br />from user charges, but also collects monies for connection and other capital
<br />charges. The balance in the Sewer Fund is a key resource for future capital
<br />investment.
<br />
<br /> 1995 1996 1997 1998 1999
<br />Revenues 554,537 634,536 677,804 730,294 797,101
<br />Expenses 542,355 543,052 573,531 702,774 . 692,018
<br />Operating Income 12,182 91,484 104,273 27,520 105,083
<br />
<br />Adjustments 779,186 1,177,253 53,338 702,368 673,541
<br />Noncapital activities (122,254) (6,000) (6,000) (8,000) (8,000
<br />Capital acitivities (235,404) (937,778) (660,315) (387,331) (478,273
<br />Interest 108,656 106,506 105,069 90,697 ... 85,691
<br />
<br />Net change in cash 542,366 431,465 (403,635) 425,254 378,042
<br />
<br />Year end cash 1,779,346 2,211,240 1,807,605 2,256,923 2,634,965
<br />
<br />Figure 18 - Sewer Fund
<br />
<br />Trends in the Water Fund mirror those for Sewer - good financial condition, no
<br />immediate rate adjustments and assets for future investment.
<br />
<br /> 1995 1996 1997 1998 1999
<br />Revenues 342,671 388,837 525,646 610,491 627,449
<br />Expert ses 228.460 320.581 381. ~ 15 403.996 489.272
<br />Operating Income 114,211 68,256 144,331 206,495 138,177
<br />
<br />Adjustments 417,160 460,354 152,233 948,580 648,604
<br />Noncapital activities (25,349) 368,305 (108,382) (124,210) (604,347)
<br />Capital acitivities (29,846) (323,554) (260,066) 231,980 (1,431,236)
<br />Interest 7,364 68,275 66,476 76,454 .. 98,406
<br />
<br />Net change in cash 483,540 641,636 (5,408) 1,339,299 (1,150,396)
<br />Year end cash 857,944 1,614,219 1,608,811 2,948,110 1,797,714
<br />
<br />Figure 19 - Water Fund
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