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Elk River Municipal Utilities
<br /> May 6,2013
<br /> Page 3
<br /> ke
<br /> Electric Fund
<br /> The results of the Electric fund are as follows:
<br /> Electric Operations Summary
<br /> 2010 2011 2012
<br /> Total Percent Total Percent Total Percent
<br /> Operating revenues $ 26,792,562 100 % $ 28,583,986 100 % $ 30,258,690 100 %
<br /> Operating expenses 25,162,191 94 26,433,050 92 27,350,312 90
<br /> Operating income 1,630,371 6 2,150,936 8 2,908,378 10
<br /> Nonoperating revenues
<br /> (expenses) (143,097) (1) (105,604) - 28,531 -
<br /> Income before transfers 1,487,274 5 2,045,332 8 2,936,909 10
<br /> Transfers from City 53,741 - - -
<br /> Transfers to City (657,086) (2) (711,415) (2) (816,864) (3)
<br /> Change in net position $ 883,929 3 % $ 1,333,917 6 % $ 2,120,045 7 %
<br /> Cash and
<br /> temporary investments $ 6,587,017 $ 8,380,396 $ 10,646,164
<br /> Restricted cash $ 724,500 $ 724,500 $ 724,500
<br /> Bonds and notes payable,
<br /> net of premium $ 9,376,915 $ 8,723,407 $ 7,974,066
<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 •Bonds
<br /> 952.835.9090 • Fax 952.835.3261
<br /> www.aemcpas.com
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