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Elk River Municipal Utilities
<br />April 24, 2012
<br />Page 6
<br />Water Fund
<br />The results of the Water fund are as follows:
<br />Operating revenues
<br />Operating expenses
<br />Operating income (loss)
<br />Nonoperating expenses
<br />Income (loss) before
<br />contributions and transfers
<br />Capital contributions -developer
<br />infrastructure and connection fees
<br />Transfers from City
<br />Transfers to City
<br />Change in net assets
<br />Cash and investments
<br />Water Operations Summary
<br />2009 2010 2011
<br />Total Percent Total Percent Total Percent
<br />$ 2,206,429 100 % $ 1,913,661 100 % $ 1,832,817 100
<br />2,059,430 93 1,945,059 102 1,988,759 109
<br />146,999 7 (31,398) (2) (155,942) (9)
<br />(61,060) (3) (75,596) (4) (18,933) (1)
<br />85,939 4 (106,994) (6) (174,875) (10)
<br />- - 460,534 24 195,853 11
<br />- - 17,914 1 312,823 17
<br />(20,000) (1) (25,000) (1) (25,000) (1)
<br />$ 65,939 3 % $ 346,454 18 % $ 308,801 17
<br />$ 2,500,960 $ 2,793,142 $ 2,619,574
<br />Bonds payable, net of premium
<br />and deferred interest $ 4,605,000 *
<br />* Net of $2,575,000 advance refunding of 2001A bonds.
<br />$5,000,000
<br />$4,500,000 -~------ - -- ------
<br />$4,000,000 ~ -----_.-_..----- -. _----- ---
<br />e
<br />$ 4,092,899 $ 3,616,730
<br />952.835.9090 Fax 952.835.3261
<br />www.aemcpas.com
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