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Electric Fund Cash Flow
<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 2010 Receipts 2011 2011 Receipts 2012 2012 Receipts 2013 2013 Receipts
<br /> Disbursements Disbursements Disbursements Disbursements
<br /> ■Operating costs ED ebt payments ■Other(capital,interfund,etc.) ■Operating receipts ■Other(interest,interfund,
<br /> Electric Fund Cash Balance
<br /> $14,000,000
<br /> $12,000,000 $11,370,664 $12,057,293
<br /> $10,000,000 $9,104,896
<br /> $8,000,000 $7,311,517
<br /> $6,000,000
<br /> $4,000,000
<br /> $2,000,000
<br /> 2010 2011 2012 2013
<br /> Unrestricted �Restricted for debt service (bond covenents) (Unrestricted designated reserve*
<br /> *Unrestricted designated reserve: established to address the short-term financial variability inherent in operations.Potential
<br /> sources of this variability include risks associated with natural disasters,reduction in overall customer usage,changes in total
<br /> system usage resulting from the actions of large customers,failure to achieve budgeted levels of net income,changes in interest
<br /> income,and general operational exposures.
<br /> The target level for this reserve,included as the red line in the chart above,is the sum of six months operating expenditures less
<br /> depreciation and less purchase power costs,plus the sum of next year's total principal and interest payments,plus one month
<br /> budgeted average purchase power cost.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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