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Elk River Municipal Utilities- Reserves Policy 4/2019 Proposed <br /> ERMU Water Fund-62 <br /> Description Annual Average Monthly <br /> 2019 Budgeted Expenditures $ 2,912,986 $ 242,749 <br /> 2019 Budgeted Interest Expense $ 33,768 $ 2,814 <br /> 2019 Budgeted Depreciation $ 1,175,214 $ 97,935 <br /> 2019 Budgeted Principal and Interest $ 293,768 n/a <br /> 2019 Reserves 2018 Reserves <br /> 2018 Audited Cash Balances $ 6,718,151 $ 5,335,070 <br /> Unrestricted 2019 Calculated Reserves $ 1,145,770 $ 1,153,144 <br /> Designated 2019 Proposed Calculated Reserves $ 1,145,770 <br /> Reserves <br /> Restricted for 2019 Calculated Reserves $ - $ - <br /> Debt Service 2019 Proposed Calculated Reserves $ - <br /> Unrestricted 2019 Calculated Reserves $ 5,572,381 $ 4,181,926 <br /> Reserves 2019 Proposed Calculated Reserves $ 5,572,381 <br /> 156 <br />