Table 12: Twenty-Year Cash Flow Projection, Year-of-Expenditure Dollars (Millions)

Fiscal Year

Actual 1994

Actual 1995

Actual 1996

Actual 1997

Actual 1998

Budget 1999

2000

2001

2002

2003

2004

2005

2006

Operating

                         

Operating Revenue (see Tabel 11)

$ 107.3 $ 115.9 $ 123.4 $ 132.4 $ 141.8 $ 152.6 $ 163.3 $ 169.8 $ 175.8 $ 181.9 $ 188.9 $ 196.2 $ 205.4

O&M Expenses (see Table 10)

$ 111.9 $ 117.3 $ 122.8 $ 127.2 $ 132.4 $ 138.4 $ 151.6 $ 158.3 $ 164.6 $ 171.2 $ 178.8 $ 186.7 $ 193.4

Balance from Operations

$ (4.6) $ (1.4) $ 0.6 $ 5.2 $ 9.4 $ 14.2 $ 11.8 $ 11.5 $ 11.2 $ 10.8 $ 10.1 $ 9.5 $ 12.1
                           

Capital

                         

Capital Revenue (see Table 8)

$ 189.2 $ 222.6 $ 286.5 $ 281.5 $ 214.7 $ 202.6 $ 178.8 $ 185.9 $ 198.5 $ 278.3 $ 280.1 $ 284.0 $ 242.1

Capital Expenditures (see Table 8)

$ 148.4 $ 171.9 $ 228.1 $ 231.2 $ 206.7 $ 152.1 $ 125.9 $ 140.4 $ 139.3 $ 202.2 $ 213.5 $ 232.1 $ 198.6

Debt Service Costs (see Table 8)

$ 39.8 $ 44.0 $ 51.4 $ 57.7 $ 57.7 $ 57.7 $ 57.7 $ 57.7 $ 57.7 $ 60.5 $ 61.9 $ 63.3 $ 63.3

Change In Capital Funds

$ 1.0 $ 6.7 $ 7.1 $ (7.4) $(49.6) $ (7.2) $ (4.7) $(12.2) $ 1.5 $ 15.7 $ 4.7 $(11.3) $(19.7)
                           

Cash Balance

                         

Beginning Cash Balance

$ 189.9 $ 186.3 $ 191.6 $ 199.3 $ 197.1 $ 156.9 $ 164.0 $ 171.0 $ 170.4 $ 183.1 $ 209.6 $ 224.5 $ 222.7

Change to Cash Balance

$ (3.6) $ 5.3 $ 7.6 $ (2.2) $(40.2) $ 7.1 $ 7.1 $ (0.7) $ 12.8 $ 26.4 $ 14.9 $ (1.8) $ (7.7)

Closing Cash Balance

$ 186.3 $ 191.6 $ 199.3 $ 197.1 $ 156.9 $ 164.0 $ 171.0 $ 170.4 $ 183.1 $ 209.6 $ 224.5 $ 222.7 $ 215.0
                           
                           

Fiscal Year

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

Operating

                         

Operating Revenue (see Tabel 11)

$ 216.8 $ 227.3 $ 236.0 $ 245.2 $ 254.7 $ 264.8 $ 275.0 $ 285.6 $ 296.7 $ 308.4 $ 320.3 $ 332.8 $ 345.8

O&M Expenses (see Table 10)

$ 210.4 $ 219.3 $ 228.6 $ 238.2 $ 248.3 $ 258.8 $ 269.7 $ 281.1 $ 293.0 $ 305.4 $ 318.3 $ 331.7 $ 345.8

Balance from Operations

$ 6.3 $ 8.0 $ 7.4 $ 6.9 $ 6.5 $ 6.0 $ 5.3 $ 4.5 $ 3.8 $ 3.0 $ 2.0 $ 1.1 $ 0.0
                           

Capital

                         

Capital Revenue (see Table 8)

$ 198.3 $ 204.7 $ 211.0 $ 216.4 $ 222.2 $ 228.5 $ 234.7 $ 241.1 $ 248.1 $ 255.6 $ 263.1 $ 270.8 $ 278.9

Capital Expenditures (see Table 8)

$123..3 $ 136.7 $ 157.7 $ 163.4 $ 164.8 $ 172.0 $ 179.6 $ 187.5 $ 195.8 $ 204.6 $ 213.8 $ 223.4 $ 233.5

Debt Service Costs (see Table 8)

$ 63.3 $ 63.3 $ 63.3 $ 63.3 $ 63.3 $ 63.3 $ 63.3 $ 58.0 $ 52.8 $ 52.8 $ 52.8 $ 48.6 $ 43.5

Change In Capital Funds

$ 11.8 $ 4.7 $ (9.9) $(10.2) $ (5.9) $ (6.8) $ (8.1) $ (4.4) $ (0.5) $ (1.7) $ (3.4) $ (1.1) $ 1.9
                           

Cash Balance

                         

Beginning Cash Balance

$ 215.0 $ 233.1 $ 245.8 $ 243.3 $ 240.0 $ 240.6 $ 239.8 $ 237.0 $ 237.0 $ 240.3 $ 241.6 $ 240.3 $ 240.3

Change to Cash Balance

$ 18.1 $ 12.7 $ (2.5) $ (3.3) $ 0.6 $ (0.8) $ (2.8) $ 0.0 $ 3.2 $ 1.4 $ (1.4) $ (0.0) $ 1.9

Closing Cash Balance

$ 233.1 $ 245.8 $ 243.3 $ 240.0 $ 240.6 $ 239.8 $ 237.0 $ 237.0 $ 240.3 $ 241.6 $ 240.3 $ 240.3 $ 242.2