| BOARD
OF WATER AND LIGHT-LANSING MICHIGAN BUDGET FISCAL YEAR ENDING JUNE 30, 2001 REVISED 7/5/00 (Rate Increases effective 1/1/2001 & Reorg) |
W-7%,E-3%,S-1%
Revenue Inc |
|
WATER |
ELECTRIC |
STEAM |
TOTAL |
|
|
PROJECTED INCOME STATEMENT $(000) FY 2001 |
||||
|
SALES ccf/kwh/mlb |
10,982,315 |
3,137,770,000 |
2,410,780 |
|
|
OPERATING REVENUE |
18,365 |
161,152 |
17,320 |
196,837 |
|
Operation/Maint Expense |
13,252 |
135,787 |
12,743 |
161,782 |
|
Depreciation Expense |
3,134 |
16,934 |
1,519 |
21,587 |
|
TOTAL OPERATING EXPENSE |
16,386 |
152,721 |
14,262 |
183,369 |
|
OPERATING INCOME |
1,979 |
8,431 |
3,058 |
13,468 |
|
Other Income |
1,647 |
3,947 |
584 |
6,178 |
|
Other Expense |
1,424 |
1,597 |
1,066 |
4,087 |
|
NET INCOME |
2,202 |
10,781 |
2,576 |
15,559 |
|
NET INCOME AFTER CITY PAYMENT |
1,619 |
5,419 |
1,903 |
8,941 |
|
RETURN ON NET ASSETS (3/31/00) |
1.5% |
2.3% |
5.5% |
2.3% |
|
OPERATING RATIO |
92.4% |
98.1% |
86.2% |
96.5% |
|
PROJECTED CASH FLOW $(000) FY 2001 |
||||
|
Restricted Operating Cash |
1,971 |
16,535 |
1,900 |
20,406 |
|
Restricted General Cash |
(1,981) |
16,155 |
(3,374) |
10,800 |
|
Special Project/Const Cash |
5,618 |
7,618 |
20,812 |
34,048 |
|
BEGINNING CASH 7-1-2000 |
5,608 |
40,308 |
19,338 |
65,254 |
|
Sources of Cash |
||||
|
Net Income |
2,202 |
10,781 |
2,576 |
15,559 |
|
Bond Proceeds |
9,000 |
0 |
11,000 |
20,000 |
|
Depreciation |
3,134 |
16,934 |
1,519 |
21,587 |
|
TOTAL SOURCES OF CASH |
14,336 |
27,715 |
15,095 |
57,146 |
|
SOURCES OF CASH + BEG. CASH |
19,944 |
68,023 |
34,433 |
122,400 |
|
Uses of Cash |
||||
|
Debt Principal |
971 |
1,671 |
1,318 |
3,960 |
|
Transfer Repayment |
343 |
(592) |
249 |
0 |
|
Capital Expenditures |
7,049 |
29,472 |
29,991 |
66,512 |
|
Payment to City |
583 |
5,362 |
673 |
6,618 |
|
TOTAL USES OF CASH |
8,946 |
35,913 |
32,231 |
77,090 |
|
Restricted Operating Cash |
1,657 |
16,973 |
1,593 |
20,223 |
|
Restricted General Cash |
3,237 |
6,000 |
1,000 |
10,237 |
|
Special Project/Const Cash |
6,104 |
9,137 |
(391) |
14,850 |
|
ENDING CASH 6-30-2001 |
10,998 |
32,110 |
2,202 |
45,310 |
| BOARD OF WATER AND LIGHT-LANSING MICHIGAN | |
| BUDGET FISCAL YEAR ENDING JUNE 30, 2001 | |
|
CENTRAL UTILITY |
|
|
PROJECTED INCOME STATEMENT $(000) FY 2001 |
|
| SALES | 0 |
| OPERATING REVENUE | 616 |
| Operation/Maint Expense | 560 |
| Depreciation Expense | 0 |
| TOTAL OPERATING EXPENSE | 560 |
| OPERATING INCOME | 56 |
| Other Income | 1,500 |
| Other Expense | 0 |
| NET INCOME | 1,556 |
| NET INCOME AFTER CITY PAYMENT | N/A |
| RETURN ON NET ASSETS (3/31/00) | N/A |
| OPERATING RATIO | 90.9% |
|
PROJECTED CASH FLOW $(000) FY 2001 |
|
| Restricted Operating Cash | 0 |
| Restricted General Cash | 0 |
| Special Project/Const Cash | 60,000 |
| BEGINNING CASH 7-1-2000 | 60,000 |
| Sources of Cash | |
| Net Income | 1,556 |
| Bond Proceeds | 0 |
| Depreciation | 0 |
| TOTAL SOURCES OF CASH | 1,556 |
| SOURCES OF CASH + BEG. CASH | 61,556 |
| Uses of Cash | |
| Debt Principal | 0 |
| Transfer Repayment | 0 |
| Capital Expenditures | 61,500 |
| Payment to City | 0 |
| TOTAL USES OF CASH | 61,500 |
| Restricted Operating Cash | 0 |
| Restricted General Cash | 0 |
| Special Project/Const Cash | 56 |
| ENDING CASH 6-30-2001 | 56 |
| BOARD OF WATER AND LIGHT-LANSING MICHIGAN | ||||
| BUDGET FISCAL YEAR ENDING JUNE 30, 2001 | ||||
| WATER | ELECTRIC | STEAM | TOTAL | |
|
PROJECTED INCOME STATEMENT $(000) FY 2001 |
||||
| OPERATING REVENUE | 18,365 | 161,152 | 17,320 | 196,837 |
| Operation/Maint Expense | 13,252 | 135,787 | 12,743 | 161,782 |
| Depreciation Expense | 21,587 | |||
| TOTAL OPERATING EXPENSE | 183,369 | |||
| OPERATING INCOME | 13,468 | |||
| Other Income | 6,178 | |||
| Other Expense | 4,087 | |||
| NET INCOME | 15,559 | |||
| NET INCOME AFTER CITY PAYMENT | 8,941 | |||
| RETURN ON NET ASSETS (3/31/00) | 2.30% | |||
|
PROJECTED CASH FLOW $(000) FY 2001 |
||||
| Restricted Operating Cash | 20,406 | |||
| Restricted General Cash | 10,800 | |||
| Special Project/Const Cash | 34,048 | |||
| BEGINNING CASH 7-1-2000 | 65,254 | |||
| Sources of Cash | ||||
| Net Income | 15,559 | |||
| Bond Proceeds | 20,000 | |||
| Depreciation | 21,587 | |||
| TOTAL SOURCES OF CASH | 57,146 | |||
| SOURCES OF CASH + BEG. CASH | 122,400 | |||
| Uses of Cash | ||||
| Debt Principal | 3,960 | |||
| Capital Expenditures | 66,512 | |||
| Payment to City | 6,618 | |||
| TOTAL USES OF CASH | 77,090 | |||
| Restricted Operating Cash | 20,223 | |||
| Restricted General Cash | 10,237 | |||
| Special Project/Const Cash | 14,850 | |||
| ENDING CASH 6-30-2001 | 45,310 | |||