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Elk River Municipal Utilities
<br />Apri14, 2011
<br />Page 6
<br />Water Fuud
<br />The results of the Water fund are as follows:
<br />Water Operations Summary
<br /> 2008 2009 2010
<br /> Total Percent Total Percent Total Percent
<br />Operating revenues $ 2,130,124 100 % $ 2,206,429 100 % $ 1,896,086 100
<br />Operating expenses 2,160,261 IOI 2,059,430 93 1,945,059 103
<br />Operating income (loss) (30,137) (1) 146,999 7 (48,973) (3)
<br />Nonoperating revenues
<br />(expenses) 4,875 (61,060) (3) 97,738 5
<br />Income (loss) before
<br />contributions and transfers (25,262) (1) 85,939 4 48,765 2
<br />Contributions from developers - - - - 304,775 16
<br />Transfers from City - - - - 17,914 1
<br />Transfers to City (20,000) (1) (20,000) (1) (25,000) (1)
<br />i
<br />t
<br />ssets
<br />Ch 262) (2) %
<br />$ (45 $ 65.939 3 % $ 346.454 18
<br />n ne
<br />a
<br />ange .
<br />Cash and investments $ 1,935.458 $ 2.500,960 $ 2,793,142
<br />
<br />Bonds payable, net ofpremium $ 5,031,250 * $ 4,605,000 * $ 4,112,950
<br />* Net of $2,575,000 advance refunding of 2001A bonds
<br />$6,000,000
<br />$5,000,000
<br />$4,000,000
<br />$3,000,000
<br />$2,000,000
<br />$1,000,000
<br />$-
<br />$(1,000,000)
<br />2008 2009 2010
<br />^Operatingrevenues sOperatingexpenses oCash ^Bonds oChangeinnetassets
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<br />n ~cir.:~emapa s.,~.,m
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