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ELK RIVER MUNICIPAL UTILITIES <br /> SUMMARY OF YEAR 2017 <br /> BUDGETS <br /> ELECTRIC BUDGET SUMMARY 2017 <br /> ELECTRIC REVENUE $ 37,595,526 <br /> ELECTRIC EXPENDITURES (35,974,045) <br /> ELECTRIC NET FOR CAPITAL 1,621,481 4.31% <br /> DEBT RETIREMENT (706,000) <br /> PROMISSORY NOTE TO COUNTY (195,216) <br /> LESS DEBT PRINCIPAL PMTS 720,265 <br /> CAPITAL EQUIPMENT/CONSTRUCTION (4,336,800) <br /> FUND FROM RESERVES - demand adjustment <br /> 1,100,000 * Waco 2 Substation <br /> 450,000 * Territory Acquisition <br /> BOND REFUNDING <br /> NET (2,066,535) <br /> DEPRECIATION 2,100,000 <br /> NET TO RESERVES 33,465 * <br /> WATER BUDGET SUMMARY 2017 <br /> WATER REVENUE $ 2,322,515 <br /> WATER EXPENDITURES (2,805,417) <br /> WATER NET FOR CAPITAL (482,903) <br /> DEBT RETIREMENT (244,000) <br /> GROSS (726,903) <br /> CAPITAL PROJECTS (394,700) <br /> FUND FROM RESERVES <br /> FUND FROM WATER TRUNK FUND <br /> BONDING - <br /> NET (1,121,603) <br /> DEPRECIATION 1,188,000 <br /> NET TO RESERVES 66,397 * <br /> "Currently,target reserves are met. <br /> 2017 BUDGET SUMMARYx1s2016 <br /> A7 <br />