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ELK RIVER MUNICIPAL UTILITIES <br /> SUMMARY OF YEAR 2013 <br /> BUDGETS <br /> ELECTRIC BUDGET SUMMARY 2013 <br /> ELECTRIC REVENUE $ 30,776,744 <br /> ELECTRIC EXPENDITURES (30,393,765) <br /> ELECTRIC NET FOR CAPITAL 382,980 1.24% <br /> DEBT RETIREMENT (588,000) <br /> PROMISSORY NOTE TO COUNTY (186,582) <br /> LESS DEBT PRINCIPAL PMTS (391,602) <br /> CAPITAL EQUIPMENT/CONSTRUCTION (1,894,800) <br /> FUND FROM RESERVES* (1,000,000) (Substation) <br /> BONDING - <br /> NET (3,286,402) <br /> DEPRECIATION 2,154,900 <br /> NET TO RESERVES (1,131,502) <br /> WATER BUDGET SUMMARY 2013 <br /> WATER REVENUE $ 2,271,900 <br /> WATER EXPENDITURES (2,421,924) <br /> WATER NET FOR CAPITAL (150,024) -6.60% <br /> DEBT RETIREMENT (542,000) <br /> GROSS - (692,024) <br /> CAPITAL PROJECTS (499,125) <br /> FUND FROM RESERVES* (700,000) Freeport Water Tower <br /> FUND FROM CITY TRUNK FUND 225,000 <br /> BONDING - <br /> NET (1,666,149) <br /> DEPRECIATION 1,083,998 <br /> NET TO RESERVES (582,151) <br /> Currently,target reserves are met.Drawndown is from unrestriced reserves above target levels. <br /> BUDGET SUMMARY2013 <br />