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(Draft January 2002) Key Financial Strategies <br /> For Elk River <br /> <br />Sanitary Sewer <br />System <br /> <br />The municipal sanitary sewer system consists of three basic <br />elements: lateral collection, trunk collection and treatment. <br />The lateral collection system is built as the City grows. <br />These costs are fully assessed to benefited properties. <br />Capacity in the trunk collection system allows the sewer <br />system to expand. The City is responsible for providing <br />adequate facilities to treat wastewater collected by the <br />sewer system. <br /> <br />Beyond a digester core ($200,000), no major capital <br />investments in the sanitary sewer system have been <br />identified over the next five years. <br /> <br />Timing NA <br /> <br />Estimated Cost NA <br />Funding Capital improvements will be paid from net income and <br /> reserves in the Sewage Disposal Fund. Income for the Fund <br /> comes from user fees and connection charges. <br /> <br /> Sewage Di~l Fund <br /> <br />R6,veflLleS <br />Expenses <br />Operating Income <br /> <br />1997 1998 1999 2000 <br />677,804 730,294 797,101 877,655 <br />573,531 702,774 692,018 756,869 <br /> <br />104,273 27,520 105,083 120,786 <br /> <br />Adjustments <br />Noncapital activities <br />Capital adtivities <br />Interest <br /> <br />53,338 702,368 673,541 952,222 <br />(6,000) (8,000) (8,000) (20,336) <br />(660,315) (387,331) (478,273) (449,628) <br />105,069 90,697 85,691 190,115 <br /> <br />Net change in cash <br /> <br />(403,635) 425,254 378,042 793,159 <br /> <br />Year end cash <br /> <br />1,807,605 2,256,923 2,634,965 3,428,124 <br /> <br />Page <br /> 53 <br /> <br /> <br />