Laserfiche WebLink
Elk River Municipal Utilities <br />April 24, 2012 <br />Page 4 <br />Electric Fund <br />The results of the Electric fiend are as follows: <br />Electric Operati®ns Summary <br /> 2009 2010 2011 <br /> Total Percent Total Percent Total Percent <br />Operating revenues $ 24,227,743 100 % $ 26,792,562 100 % $ 28,583,986 100 <br />Operating expenses 22,926,759 95 25,162,191 94 26,433,050 92 <br />Operating income 1,300,984 5 1,630,371 6 2,150,936 8 <br />Nonoperatingexpenses (146,352) (1) (154,956) (1) (117,513) - <br />Income before <br />contributions and transfers 1,154,632 4 1,475,415 5 2,033,423 8 <br />Transfers from City - - 53,741 - - - <br />Transfers to City (585,141) (2) (657,086) (2) (711,415) (2) <br />Change in net assets $ 569,491 2 % $ 872,070 3 % $ 1,322,008 6 <br />Cash and <br />temporary investments $ 5,366,820 $ 6,587,017 $ 8,380,396 <br />Restricted cash $ 724,500 $ 724,500 $ 724,500 <br />952.835.9090 Fax 952.835.3261 <br />www.aemcpas.cmn <br />