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ELK RIVER MUNICIPAL UTILITIES <br />SUMMARY OF YEAR 2019 <br />BUDGETS <br />ELECTRIC BUDGET SUMMARY <br />2019 <br />ELECTRIC REVENUE $ <br />41,301.580 <br />ELECTRIC EXPENDITURES <br />(37,916.633) <br />ELECTRIC NET FOR CAPITAL <br />3,384,947 <br />DEBT RETIREMENT <br />(975,000) <br />PROMISSORY NOTE TO COUNTY <br />(200,917) <br />LESS DEBT PRINCIPAL PMTS <br />2,209,030 <br />CAPITAL EQUIPMENT/CONSTRUCTION <br />(3,851,915) <br />FUND FROM RESERVES <br />100,000 ' <br />699,735 ' <br />250,000 ' <br />NET <br />(593,150) <br />DEPRECIATION <br />2,895,535 <br />NET TO RESERVES <br />2.302,385 ' <br />WATER BUDGET SUMMARY <br />2019 <br />WATER REVENUE $ <br />2,652,441 <br />WATER EXPENDITURES <br />(2,906.927) <br />WATER NET FOR CAPITAL <br />(254.486) <br />DEBT RETIREMENT <br />(260,000) <br />GROSS <br />(514,486) <br />CAPITAL PROJECTS <br />(1,270,320) <br />FUND FROM RESERVES <br />FUND FROM WATERTRUNK FUND <br />25,000 <br />BONDING <br />- <br />NET <br />(1,759,806) <br />DEPRECIATION <br />1,175,214 <br />NETTO RESERVES <br />(584,592) ' <br />'Currently, target reserves are met. <br />8.20% 1,109,893 110% annual avg debtsvc <br />-9,59% <br />Territory Acquisition Areas 7&8 Plant and Reintegration <br />Territory Acquisition Areas 1&2, 3&4 Loss of Revenue <br />Equipment storage building at west sub <br />Note that this is separate from above funding of draw on tea <br />2019 BUDGET SUMMAPY 019 <br />M-A <br />