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ELK RIVER MUNICIPAL UTILITIES <br /> SUMMARY OF YEAR 2019 <br /> BUDGETS <br /> ELECTRIC BUDGET SUMMARY 2019 <br /> ELECTRIC REVENUE $ 39,490,338 <br /> ELECTRIC EXPENDITURES (37,896,680) <br /> ELECTRIC NET FOR CAPITAL 1,593,658 4.04% 1,109,893 110%annual avg debt svc 2.81% <br /> DEBT RETIREMENT (975,000) <br /> PROMISSORY NOTE TO COUNTY (200,917) <br /> NET LESS DEBT PRINCIPAL PMTS 417,741 <br /> CAPITAL EQUIPMENT/CONSTRUCTION (3,859,715) <br /> FUND FROM RESERVES 100,000 * Territory Acquisition Areas 7&8 Plant and Reintegration <br /> 699,735 * Territory Acquisition Areas 1&2,3&4 Loss of Revenue <br /> 250,000 * Equipment storage building at west sub <br /> NET (2,392,239) <br /> DEPRECIATION 2,895,535 <br /> NET TO RESERVES 503,296 * Note that this is separate from above funding of draw on reserves <br /> WATER BUDGET SUMMARY 2019 <br /> WATER REVENUE $ 2,768,491 <br /> WATER EXPENDITURES (2,912,986) <br /> WATER NET FOR CAPITAL (144,495) -5.22% <br /> DEBT RETIREMENT (260,000) <br /> NET LESS DEBT PRINCIPAL PMTS (404,495) <br /> CAPITAL EQUIPMENT/CONSTRUCTION (1,273,320) <br /> FUND FROM RESERVES 700,000 * Auburn Tower <br /> 300,000 * Well#8 building <br /> FUND FROM WATER TRUNK FUND 25,000 <br /> BONDING - <br /> NET (652,815) <br /> DEPRECIATION 1,175,214 <br /> NET TO RESERVES 522,399 * Note that this is separate from above funding of draw on reserves <br /> *Currently,target reserves are met. <br /> 2019 BUDGET SUMMARY2019 <br /> 87 <br />