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ELK RIVER MUNICIPAL UTILITIES <br /> SUMMARY OF YEAR 2020 <br /> BUDGETS <br /> ELECTRIC BUDGET SUMMARY 2020 <br /> ELECTRIC REVENUE $ 39,244,200 <br /> ELECTRIC EXPENDITURES (38,120,439) <br /> ELECTRIC NET FOR CAPITAL 1,123,762 2.86% 1,109,893 110%annual avg debt svc 2.83% <br /> DEBT RETIREMENT (924,000) <br /> PROMISSORY NOTE TO COUNTY (203,956) <br /> NET LESS DEBT PRINCIPAL PMTS (4,194) <br /> CAPITAL EQUIPMENT/CONSTRUCTION (5,542,360) <br /> FUND FROM RESERVES 1,000,000 * Field Services Building site prep <br /> 851,860 * Territory Acquisition Areas 1&2,3&4,5&6 Loss of Revenue <br /> NET (3,694,694) <br /> DEPRECIATION 3,046,447 <br /> NET TO RESERVES (648,247)* Note that this is separate from above funding of draw on reserves <br /> WATER BUDGET SUMMARY 2020 <br /> WATER REVENUE $ 2,838,582 <br /> WATER EXPENDITURES (2,993,645) <br /> WATER NET FOR CAPITAL (155,063) -5.46% <br /> DEBT RETIREMENT (271,000) <br /> NET LESS DEBT PRINCIPAL PMTS (426,063) <br /> CAPITAL EQUIPMENT/CONSTRUCTION (732,500) <br /> FUND FROM RESERVES 440,000 * Gary St Tower <br /> FUND FROM WATER TRUNK FUND <br /> BONDING - <br /> NET (718,563) <br /> DEPRECIATION 1,192,267 <br /> NET TO RESERVES 473,704 * Note that this is separate from above funding of draw on reserves <br /> *Currently,target reserves are met. <br /> Budget File 2020 22020 Budget Summary <br /> 197 <br />