Laserfiche WebLink
ELK RIVER MUNICIPAL UTILITIES <br /> SUMMARY OF YEAR 2016 <br /> BUDGETS <br /> ELECTRIC BUDGET SUMMARY 2016 <br /> ELECTRIC REVENUE $ 37,163,202 includes an estimated revenue amount Area 1$2,083,416 <br /> ELECTRIC EXPENDITURES (35,078,121)includes an estimated power cost amount Area 1$1,562,562 <br /> ELECTRIC NET FOR CAPITAL 2,085,081 5.61% <br /> DEBT RETIREMENT (692,000) <br /> PROMISSORY NOTE TO COUNTY (191,508) <br /> LESS DEBT PRINCIPAL PMTS 1,201,573 <br /> CAPITAL EQUIPMENT/CONSTRUCTION (3,665,370) <br /> FUND FROM RESERVES <br /> BOND REFUNDING <br /> NET (2,463,797) <br /> DEPRECIATION 2,325,000 <br /> NET TO RESERVES (138,797) <br /> WATER BUDGET SUMMARY 2016 <br /> WATER REVENUE $ 2,603,100 <br /> WATER EXPENDITURES (2,601,192) <br /> WATER NET FOR CAPITAL 1,908 0.07% <br /> DEBT RETIREMENT (233,000) <br /> GROSS (231,092) <br /> CAPITAL PROJECTS (2,146,855) <br /> FUND FROM RESERVES 940,000 <br /> FUND FROM WATER TRUNK FUND 300,000 <br /> BONDING - <br /> NET (1.137,947) <br /> DEPRECIATION 1,140,000 <br /> NET TO RESERVES 2,053 <br /> Currently,target reserves are met. <br /> 2016 BUDGET SUMMARY x1s2016 <br /> 122 <br />