Details for MUSCATINE POWER & WATER-LEGAL ACCOUNT - Ad from 2017-11-15

NOTICE OF PUBLIC HEARING BUDGET ESTIMATE Calendar Year 2018 The Board of Water, Electric, and Communications Trustees of the City of Muscatine, Iowa, will conduct a public hearing on the proposed 2018 Budget at the Administration Building, 3205 Cedar Street, Muscatine, Iowa, on November 28, 2017, beginning at 5:28 p.m. The Budget Estimate Summary of proposed revenue and expenditures is shown below. Copies of the detailed proposed 2018 Budget may be obtained or reviewed at the MP&W Administration Building, at the Office of the City Clerk, or at Musser Public Library. At the public hearing, any resident, taxpayer or consumer may present objections to, or arguments in favor of, any part of the proposed budget. BOARD OF WATER, ELECTRIC, AND COMMUNICATIONS TRUSTEES OF THE CITY OF MUSCATINE, IOWA Jerry Gowey Board Secretary BUDGET ESTIMATE SUMMARY COMBINED WATER, ELECTRIC, AND COMMUNICATIONS UTILITIES For Current Proprietary Operations Modified Cash and Accrual Basis 2018 Budget 2017 Actual Estimated 2016 Actual 284,876 109,905,494 1,111,346 230,758 108,363,523 1,350,011 194,963 115,309,071 1,531,573 483,850 111,785,566 35,183,436 145,127,728 479,048 117,514,655 120,723,296 122,262,341 105,364,984 - - 120,723,296 122,262,341 105,364,984 (8,937,730) 22,865,387 12,149,671 Beginning Balance Jan. 1 68,088,822 45,223,435 33,073,764 Ending Balance Dec. 31 59,151,092 68,088,822 45,223,435 Revenues: Use of Money and Property Charges for Services Miscellaneous Other Financing Sources Total Revenues Expenditures & Transfers Out: Expenditures Transfers Out Total Expenditures & Transfers Out Excess of Revenues Over (Under) Expenditures -

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