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Electric Fund
<br />
<br />The results of the 15
<br />
<br />lectric fund are as follows:
<br />
<br />Electric Oper:ttions Summary
<br />
<br />$12,20 ,000
<br />$9,201,000 -
<br />$8,20q,000 ~
<br />$7,20~,000
<br />$6,201,000
<br />$5,20(~,000
<br />$4,201,000
<br />$3,20(~,000
<br />$2,201,000
<br />S l,20~,000 )1( )1( )1(__ )1~_
<br /> o ,ooo i i :
<br />$(80,~,000)n 2000 2001 2002 2003
<br />/
<br />~Revenue / $9,389,846 $ 9,972,183 $11,171,286 $13,193,672
<br />~Operting expens~ $8,279,060 $ 9,016,406 $10,202,526 $11,881,943
<br />'""~Non-operating income $606,494 ~790,147 $917,373 $588,159
<br />~l~Income before tramfers $1,717,280 $1,745,924 $1,841,211 $1,899,888
<br />
<br />'~l~Transfers to city/ $230,914 ,~252'497 $289,264 $317,918
<br />
<br />Other balances at E
<br />
<br />Operating cash
<br />Designated cas
<br /> Remaining r,
<br /> By Commiss
<br />
<br />City of Elk River
<br /> March 19, 2004
<br /> Page Twelve
<br />
<br />Total cash and
<br />
<br />Notes payable
<br />
<br />Bonds payable
<br />
<br />952.835.9090 ® Fax 952.835.3261
<br />www. aemcpas.com
<br />
<br />ecember 31, 2003 and 2002 are listld below:
<br /> /
<br />and investments
<br />h and investments:
<br />~'striction from paid bond
<br />ion for construction
<br />
<br />2003 2002
<br />
<br /> 569,904 $ 1,220,063
<br />
<br />85,000 85,000
<br />1,065,908 945,908
<br />
<br />investmems $ 1,720,812 $ 2,250,.971
<br />
<br />$ 2,775,424 $ 2,854,536
<br />
<br />$ 1,771,250 $ 500,000
<br />
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