3.4 Charges for Services: Revenue in this category is derived mainly from water, sewer, sanitation, drainage services, and ambulance service charges. Rates in these areas are typically tied to costs of service purchased on behalf of the citizenry. Examples include purchased water and sanitation contract costs. Estimated Growth Rate (EGR) for charges revenue is 4%, consistent with recent trends.
Charges for Services
$39,000,000
$37,000,000
$35,000,000
$33,000,000
$31,000,000
$29,000,000
$27,000,000
$25,000,000
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
3.5 EarningonInvestments: Earning on investments depends on interest rates dictated by the larger economy and is largely not under the control of the City. Recently available rates have been less than .5% annually, although, with inflation heating up, they are likely to increase in the future, though they will probably remain low for the sorts of investments the City is required by law to select. The City investment policy’s first objective is the preservation of capital, safety of principal and security of investments of the City’s funds. The portfolio is designed and managed for effective cash management and to be consistent with state and local law. Projected revenue from investment earnings will be set at 0.50% growth for the next 5-years.
Earnings on Investments
$1,100,000 $1,300,000 $1,500,000 $1,700,000
$100,000 $300,000 $500,000 $700,000 $900,000
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
118
Made with FlippingBook Annual report maker