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ELK RIVER MUNICIPAL UTILITIES <br /> SUMMARY OF YEAR 2014 <br /> BUDGETS <br /> ELECTRIC BUDGET SUMMARY 2014 <br /> ELECTRIC REVENUE $ 32,168,955 <br /> ELECTRIC EXPENDITURES (31,392,330) <br /> ELECTRIC NET FOR CAPITAL 776,625 2.41% <br /> DEBT RETIREMENT (495,000) <br /> PROMISSORY NOTE TO COUNTY (189,348) <br /> LESS DEBT PRINCIPAL PMTS 92,277 <br /> CAPITAL EQUIPMENT/CONSTRUCTION (2,389,660) <br /> LFG SCHEDULED ENGINE REPLACEMENT (625,000) <br /> FUND FROM RESERVES <br /> BONDING - <br /> NET (2,922,383) <br /> DEPRECIATION 2,300,000 <br /> NET TO RESERVES (622,383) " <br /> WATER BUDGET SUMMARY 2014 <br /> WATER REVENUE $ 2,375,434 <br /> WATER EXPENDITURES (2,482,205) <br /> WATER NET FOR CAPITAL (106,771) -4.49% <br /> DEBT RETIREMENT (555,000) <br /> GROSS (661,771) <br /> CAPITAL PROJECTS (751,940) <br /> FUND FROM RESERVES <br /> FUND FROM CITY TRUNK FUND 280,000 <br /> BONDING - <br /> NET (1,133,711) <br /> DEPRECIATION 1,120,000 <br /> NET TO RESERVES (13,711) * <br /> Currently,target reserves are met.Drawndown is from unrestriced reserves above target levels. <br /> BUDGET SUMMARY2014 <br /> 61 <br />