|
Firm Approach to the Rate Analysis
<br />I
<br />2
<br />Water Utility
<br />2006 2007
<br />2008
<br />2009
<br />2010
<br />2011
<br />2012
<br />Actual Actual
<br />Actual
<br />Actual
<br />Actual
<br />Budget
<br />Budget
<br />Operating Revenues
<br />Charges for Service
<br />$
<br />233,614 $ 260,663
<br />$ 220,868
<br />$ 219,939
<br />$ 231,745
<br />$ 221,980
<br />$
<br />214,970
<br />Miscellaneous
<br />$
<br />75,651 $ 24,684
<br />$ 265
<br />$ 2,015
<br />$ 3,117
<br />$ 10,750
<br />$
<br />15,220
<br />i Total Operating Revenues
<br />$
<br />309,265 $ 285,347
<br />$ 221,133
<br />$ 221,954
<br />$ 234,862
<br />$ 232,730
<br />$
<br />230,190
<br />Ooerati ne Expenses
<br />V
<br />Personal Services
<br />$
<br />52,035 $ 34,432
<br />$ 63,327
<br />$ 36,543
<br />$ 62,308
<br />$ 60,920
<br />$
<br />22,210
<br />Professional Services
<br />$
<br />13,919 $ 10,321
<br />$ 1,052
<br />$ 5,944
<br />$ 5,265
<br />$ 7,900
<br />$
<br />38,000
<br />Other Servcies & Charges
<br />$
<br />49,968 $ 7,680
<br />$ 3,922
<br />$ 3,675
<br />$ 3,777
<br />$ 4,850
<br />$
<br />9,550
<br />Supplies
<br />$
<br />1,642 $ 1,549
<br />$ 3,162
<br />$ 6,872
<br />$ 8,817
<br />$ 6,950
<br />$
<br />7,100
<br />Repairs and Maintenance
<br />$
<br />9,812 $ 29,282
<br />$ 13,734
<br />$ 17,682
<br />$ 6,418
<br />$ 18,000
<br />$
<br />15,000
<br />Utilities
<br />$
<br />14,560 $ 12,302
<br />$ 12,728
<br />$ 12,187
<br />$ 13,136
<br />$ 13,000
<br />$
<br />16,700
<br />Insurance
<br />$
<br />5,446 $ 5,413
<br />$ 5,124
<br />$ 6,143
<br />$ 5,284
<br />$ 6,600
<br />$
<br />6,500
<br />Dues and Subsctiptions
<br />$
<br />2,706 $ 3,611
<br />$ 4,227
<br />$ 4,701
<br />$ 4,559
<br />$ 3,800
<br />$
<br />6,000
<br />Miscellaneous
<br />$
<br />377 $ 651
<br />$ -
<br />$ -
<br />$ -
<br />$ -
<br />-$
<br />-
<br />Depreciation
<br />$
<br />162,030 $ 81,414
<br />$ 65,639
<br />$ 66,082
<br />$ 66,267
<br />$ 66,267
<br />$
<br />66,267
<br />Total Operating Expenses
<br />$
<br />312,495 $ 186,655
<br />$ 172,915
<br />$ 159,829
<br />$ 175,831
<br />$ 188,287
<br />$
<br />187,327
<br />Operating Income (Loss)
<br />$
<br />(3,230) $ 98,692
<br />$ 48,218
<br />$ 62,125
<br />$ 59,031
<br />$ 44,443
<br />$
<br />42,863
<br />Position: Operating income
<br />in the Water Utility
<br />has
<br />been generally
<br />positive, with the exception of
<br />2006, which showed
<br />an above normal
<br />depreciation expense. Financial statements from 2010
<br />show operating
<br />income of $59,031,
<br />with a similar
<br />level
<br />of income projected for
<br />2011
<br />and 2012.
<br />.s.
<br />N*-1
<br />120,000
<br />100,000
<br />80,000
<br />60,000
<br />40,000
<br />20,000
<br />(20,000) 2006
<br />Water Fund
<br />Operating Income
<br />2007 2008 2009 2010 2011 2012
<br />Spflftg5t2d
<br />City of Pequot Lakes, Minnesota. Proposal to Provide a Utility Rate Analysis - Water and Sewer
<br />
|