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Elk Rider Municpal 'Utilities - Reserves Policy 5/2011 <br />Unrestricted <br />Designated <br />Reserves <br />Restricted <br />For Debt <br />Service <br />Unrestricted <br />Reserves <br />ERMU Electric <br />Description Annual Ave Monthly <br />2011 Budgeted Expenditures $ 27,917,903 $ 2,326,492 <br />2011 Budgeted Interest Expense $ 272,764 $ 22,730 <br />2011 Budgeted Depreciation $ 2,330,000 $ 194,167 <br />2011 Budgeted Purchased Power Costs $ 19,771,039 1,G4 587,; <br />2011 Budgeted P&I $ 983,720 $ 81,977 <br />2010 Peak Monthly Purchased Power Cost $ 2,278,219 $ 1,529,851 <br />2010 Audited Cash Balances $ 7,311,517 <br />2011 Calculated Reserves $ 3,755,770 <br />2011 Proposed Calculated Reserves -peak mo 2010 $ 6,033,989 <br />2011 Proposed Calculated Reserves -avg mo 2011 $ ,,5`'` ,35'i <br />2012 Proposed Calculated Reserves - avg mo 2010 I $ 5,285,621 <br />2011 Calculated Reserves $ 724,500 <br />2011 Proposed Calculated Reserves $ 724,500 <br />2011 Calculated Reserves $ 2,831,247 <br />2011 Proposed Calculated Reserves $ 553,028 <br />2011 Proposed Calculated Reserves $ 118~,6firt <br />2011 Proposed Calculated Reserves $ 1,301,396 <br />