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Water Fund Cash Flow
<br /> $3,500,000
<br /> $3,000,000
<br /> $2,500,000
<br /> $2,000,000
<br /> $1,500,000
<br /> $1,000,000
<br /> $500,000
<br /> 2010 2010 Receipts 2011 2011 Receipts 2012 2012 Receipts 2013 2013 Receipts
<br /> Disbursements Disbursements Disbursements Disbursements
<br /> ■Operating costs ■Debt payments ■Other(capital,interfund,etc.) ■Operating receipts ■Other(interest,connection fees,etc.)
<br /> Water Fund Cash Balance
<br /> $4,000,000
<br /> $3,500,000 $3,254,530 $3,390,879
<br /> $3,000,000 $2,793,142
<br /> $2,619,574
<br /> $2,500,000
<br /> $2,000,000
<br /> $1,500,000
<br /> $1,000,000
<br /> $500,000
<br /> $-
<br /> 2010 2011 2012 2013
<br /> Unrestricted (Unrestricted designated reserve*
<br /> *Unrestricted Designated Reserve: This reserve is established to address the short-term financial variability inherent in operating
<br /> a Water Utility_Potential sources of this variability include but are not limited to:risks associated with natural disasters,reduction
<br /> in overall customer usage,changes in total system usage resulting from the actions of large customers,failure to achieve budgeted
<br /> levels of net income,changes in interest income,and general operational exposures.
<br /> The target level for this reserve,included as the red line in the chart above,is 6 months operating expenditures less depreciation
<br /> plus the sum of next year's total principal and interest payments.The balance above this target level shall be unrestricted.
<br /> For more information, see separately issued Elk River Municipal Utilities report.
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