|
$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 />Water Fund Cash Flow
<br />2012 2012 Receipts 2013 2013 Receipts 2014 2014 Receipts 2015 2015 Receipts
<br />Disbursements Disbursements Disbursements Disbursements
<br />■ Operating costs ■Debt payments ■ Other (capital, interfund, etc.) ■ Operating receipts ■ Other (interest, connection fees, etc.)
<br />$5,000,000
<br />$4,500,000
<br />$4,000,000
<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 />Water Fund Cash Balance
<br />$3,681,481
<br />$3,390,879
<br />$4,367,165
<br />2012 2013 2014 2015
<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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