|
$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 />Electric 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, interfund, etc.)
<br />$16,000,000
<br />$14,000,000
<br />$12,000,000
<br />$10,000,000
<br />$8,000,000
<br />$6,000,000
<br />$4,000,000
<br />$2,000,000
<br />Electric Fund Cash Balance
<br />$13,175,626
<br />$11,370,664 $12,057,293 $12,097,110
<br />2012 2013 2014 2015
<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 />People
<br />For more information, see separately issued Elk River Municipal Utilities report. Peopl PSS®
<br />-18-
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