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City of Elk River
<br /> May 17,2013
<br /> Page 16
<br /> Electric Fund
<br /> A comparison of the past three year's Electric fund operations is as follows:
<br /> 2010 2011 2012
<br /> Total Percent Total Percent Total Percent
<br /> Operating revenues $ 26,792,562 100.0 % $ 28,583,986 100.0 % $ 30,258,690 100.0 %
<br /> Operating expenses 25,162,191 93.9 26,433,050 92.5 27,350,312 90.4
<br /> Operating income 1,630,371 6.1 2,150,936 7.5 2,908,378 9.6
<br /> Nonoperating revenues
<br /> (expenses) (154,956) (0.6) (105,604) (0.4) 28,531 0.1
<br /> Transfers in 53,741 0.2 - - - -
<br /> Transfers out (657,086) (2-5) (711,415) (2.5) (816,864) (2.7)
<br /> Change in net position $ 872,070 3.2 % $ 1,333,917 4.6 % $ 2,120,045 7.0 %
<br /> Cash and investments $ 7,311,517 $ 9,104,896 $ 11,370,664
<br /> Bonds and notes payable $ 9,376,915 $ 8,723,407 $ 7,974,066
<br /> Electric Fund Operations Summary
<br /> $35,000,000
<br /> $30,000,000
<br /> $25,000,000
<br /> $20,000,000
<br /> $15,000,000
<br /> $10,000,000
<br /> $5,000,000
<br /> 2010 2011 2012
<br /> ■Operating revenues ■Operating expenses ■Cash and investments
<br /> For more information, see separately issued Elk River Municipal Utilities report.
<br /> 952.835.9090 • Fax 952.835.3261
<br /> www.aemcpas.com
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