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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />1 <br />I <br /> <br />primarily used to offset the book cost of depreciation of the fixed assets of the water system and <br />purchase water rights, thereby enhancing the Water Fund to help meet replacement costs in the <br />future. <br /> <br />Table 13. Key Revenue and Cost Data of the Water Enterprise ($) <br /> <br />Item (1) 1992 1993 1994 1996 <br /> budget <br />Water Revenues from Water Accounts 156,023 158,671 176,389 169,000 <br />(metered +unmetered +pipe) <br />Tap Fee Collections 21,000 118,500 112,500 36,000 <br />O/M/ A Costs 110,053 116,702 118,907 164,187 <br />Depreciation on Assets 41,509 41,255 55,976 Unk <br />Indebtedness(prin, int and fees): <br />a. JRB Bond of 2005 11,600 13,930 13,605 12,940 <br />b. G.O Bond of 1995 120,883 119,715 118,290 -0- <br />Water consumed by customers (MG) 101.77 I <br /> <br />Notes: (1) Source of data is Town of Lyons 1996 Annual Budget (December 14, 1995), annual <br />reports on the Water Fund (1992, 1993, 1994) and consumption model. <br /> <br />7.3 Financial Impacts on Water Customers and New Rates <br /> <br />Data is assembled in Table 14 to assess the new cost allocation to each water user. The <br />assumption used that the gross number of water accounts to make this estimate. The resulting per- <br />account cost for the eleven-year period in the table is approximately $36.00 per account per <br />month, up from about $20.00 per account. Water source, water allocation and allocation of cost <br />of production are a matter of policy and can change frequently. However, assuming the use of <br />the Water Fund annual cost in the year 2000 of $274,000, an annual consumption of 230 <br />gallon/cap/day, and a population of 1618 (Chapter 2): break-even cost is $274,000/ (230 x 1618 <br />x 365/1000 less ten percent losses) or about $2.30/1000 gallons on an estimated billable <br />consumption of 120 million gallons. Based on the preliminary results of this analysis, the Town <br />raised the monthly water rates in March 1996 to $6,00 service charge plus $1.95/1,000 gal up to <br />20,000 gal. Refer to Appendix B for Ordinance No. 597. This results in a average metered <br />customer paying between $18 and $31 per month and the unmetered customer paying a flat rate <br />of $44.00 per month. Rates are double for out-of-town customers. <br /> <br />A-4 <br />