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ELK RIVER MUNICIPAL UTILITIES <br /> SUMMARY OF YEAR 2016 <br /> BUDGETS <br /> ELECTRIC BUDGET SUMMARY 2016 <br /> ELECTRIC REVENUE $ 36,297,457 includes an estimated revenue amount Area 1$2,475,248 <br /> ELECTRIC EXPENDITURES (35,038,185) includes an estimated power cost amount Area 1$1,491,000 <br /> ELECTRIC NET FOR CAPITAL 1,259,272 3.47% <br /> DEBT RETIREMENT (692,000) <br /> PROMISSORY NOTE TO COUNTY (191,508) <br /> LESS DEBT PRINCIPAL PMTS 375,764 <br /> CAPITAL EQUIPMENT/CONSTRUCTION (3,490,370) <br /> FUND FROM RESERVES 1,045,000 * Territory acquisition costs <br /> BOND REFUNDING <br /> NET (2,069,606) <br /> DEPRECIATION 2,325,000 <br /> NET TO RESERVES 255,394 * <br /> WATER BUDGET SUMMARY 2016 <br /> WATER REVENUE $ 2,603,100 <br /> WATER EXPENDITURES (2,601,504) <br /> WATER NET FOR CAPITAL 1,596 0.06% <br /> DEBT RETIREMENT (233,000) <br /> GROSS (231,404) <br /> CAPITAL PROJECTS (2,146,855) <br /> FUND FROM RESERVES 940,000 <br /> FUND FROM WATER TRUNK FUND 300,000 <br /> BONDING - <br /> NET (1,138,259) <br /> DEPRECIATION 1,140,000 <br /> NET TO RESERVES 1,741 <br /> *Currently,target reserves are met. <br /> 2016 BUDGET SUMMARY.xAs2016 <br /> 66 <br />