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ELK RIVER MUNICIPAL UTILITIES <br /> SUMMARY OF YEAR 2018 <br /> BUDGETS <br /> ELECTRIC BUDGET SUMMARY 2018 <br /> ELECTRIC REVENUE $ 37,952,480 <br /> ELECTRIC EXPENDITURES (36,907,205) 4% A 2017 <br /> ELECTRIC NET FOR CAPITAL 1,045,275 2.75% <br /> DEBT RETIREMENT (720,000) <br /> PROMISSORY NOTE TO COUNTY (198,252) <br /> LESS DEBT PRINCIPAL PMTS 127,023 <br /> CAPITAL EQUIPMENT/CONSTRUCTION (3,143,817) <br /> FUND FROM RESERVES 350,000 * Territory Acquisition Areas 5&6 Plant and Reintegration <br /> 511,117 * Territory Acquisition Areas 1&2 Loss of Revenue <br /> NET (2,155,677) <br /> DEPRECIATION 2,183,821 <br /> NET TO RESERVES 28,144 * Note that this is separate from funding of territory draw on r <br /> WATER BUDGET SUMMARY 2018 <br /> WATER REVENUE $ 2,588,215 <br /> WATER EXPENDITURES (2,982,460) 5% ^2017 <br /> WATER NET FOR CAPITAL (394,245) -15.23% <br /> DEBT RETIREMENT (255,000) <br /> GROSS (649,245) <br /> CAPITAL PROJECTS (559,800) <br /> FUND FROM RESERVES <br /> FUND FROM WATER TRUNK FUND <br /> BONDING - <br /> NET (1,209,045) <br /> DEPRECIATION 1,228,866 <br /> NET TO RESERVES 19,821 * <br /> *Currently,target reserves are met. <br /> 2018 BUDGET SUMMARY.x1s2018 <br /> 11)5 <br />