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ELK RIVER MUNICIPAL UTILITIES <br /> SUMMARY OF YEAR 2017 <br /> BUDGETS <br /> ELECTRIC BUDGET SUMMARY 2017 <br /> ELECTRIC REVENUE $ 36,607,462 <br /> ELECTRIC EXPENDITURES (35,618,478) <br /> ELECTRIC NET FOR CAPITAL 988,984 2.70% <br /> DEBT RETIREMENT (706,000) <br /> PROMISSORY NOTE TO COUNTY (195,216) <br /> LESS DEBT PRINCIPAL PMTS 87,768 <br /> CAPITAL EQUIPMENT/CONSTRUCTION (4,336,800) <br /> FUND FROM RESERVES 500,000 * demand adjustment <br /> 1,100,000 * Waco 2 Substation <br /> 450,000 * Territory Acquisition Areas 3&4 Plant and Reintegration <br /> 345,000 * Territory Acquisition Areas 1&2 Loss of Revenue <br /> NET (1,854,032) <br /> DEPRECIATION 2,100,000 <br /> NET TO RESERVES 245,968 * <br /> WATER BUDGET SUMMARY 2017 <br /> WATER REVENUE $ 2,482,951 <br /> WATER EXPENDITURES (2,848,417) <br /> WATER NET FOR CAPITAL (365,467) -14.72% <br /> DEBT RETIREMENT (244,000) <br /> GROSS (609,467) <br /> CAPITAL PROJECTS 376,800 <br /> FUND FROM RESERVES <br /> FUND FROM WATER TRUNK FUND <br /> BONDING - <br /> NET (232,667) <br /> DEPRECIATION 1,188,000 <br /> NET TO RESERVES 955,333 * <br /> *Currently,target reserves are met. <br /> 2017 BUDGET SUMMARYx1s2017 <br /> 78 <br />