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(Draft January 2002) Key Financial Strategies
<br /> For Elk River
<br />
<br />Water System
<br />
<br />The municipal water system consists of three basic
<br />elements: lateral distribution, trunk distribution, storage
<br />and treatment. The lateral collection system is built as the
<br />City grows. These costs are fully assessed to benefited
<br />properties. Capacity in the trunk collection system allows
<br />the water system to expand. The City is responsible for
<br />providing adequate facilities to treat and store water
<br />needed to serve the community.
<br />Planning is underway for a new water tower and well. No
<br />other major capital investments in the water system have
<br />been identified over the next five years
<br />
<br />Timing
<br />
<br />Water tower and well - 2001
<br />
<br />Estimated Cost $3,600,000
<br />
<br />Funding
<br />
<br />Capital improvements will be paid from net income and
<br />reserves in the Water Fund. Income for the Fund comes
<br />from user fees and connection charges. The City issued
<br />G.O. water revenue bonds in 2001 to finance a portion of
<br />the water tower and well improvements.
<br />
<br />Water Fund
<br />
<br />Revenues
<br />Expenses
<br />Operating Income
<br />
<br />Adjustments
<br />Noncapital activities
<br />Capital acitivities
<br />Interest
<br />
<br />Net change in cash
<br />
<br />Year end cash
<br />
<br />1997 1998 1999 2000
<br />525,646 610,491 627,449 755,462
<br />381,315 403,996 489,272 615,042
<br />
<br />144,331 206,495 138,177 140,420
<br />
<br />152,233 948,580 648,604 687,559
<br />(108,382) (124,210) (604,347) (191,303)
<br />(260,066) 231,980 (1,431,236) (826,454)
<br /> 66,476 76,454 98,406 83,375
<br />
<br />(5,408) 1,339,299 (1,150,396) (106,403)
<br />
<br />1,608,811 2,948,110 1,797,714 1,393,254
<br />
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