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ELK RIVER MUNICIPAL UTILITIES <br />SUMMARY OF YEAR 2020 <br />BUDGETS <br />ELECTRIC BUDGET SUMMARY2020 <br />ELECTRIC REVENUE$39,244,200 <br />ELECTRIC EXPENDITURES(38,109,875) <br />ELECTRIC NET FOR CAPITAL 1,134,3262.89% 1,109,893110% annual avg debt svc2.83% <br />DEBT RETIREMENT(924,000) <br />PROMISSORY NOTE TO COUNTY(203,956) <br />NET LESS DEBT PRINCIPAL PMTS6,370 <br />CAPITAL EQUIPMENT/CONSTRUCTION(5,578,360) <br />FUND FROM RESERVES1,000,000*Field Services Building site prep <br />851,860*Territory AcquisitionAreas 1&2, 3&4, 5&6 Loss of Revenue <br />NET(3,720,130) <br />DEPRECIATION3,030,678 <br />NET TO RESERVES(689,452)*Note that this is separate from above funding of draw on reserves <br />WATER BUDGET SUMMARY2020 <br />WATER REVENUE$2,838,582 <br />WATER EXPENDITURES(3,100,536) <br />WATER NET FOR CAPITAL(261,953)-9.23% <br />DEBT RETIREMENT(271,000) <br />NET LESS DEBT PRINCIPAL PMTS(532,953) <br />CAPITAL EQUIPMENT/CONSTRUCTION(736,500) <br />FUND FROM RESERVES440,000*Gary St Tower <br />BONDING- <br />NET(829,453) <br />DEPRECIATION1,215,839 <br />NET TO RESERVES386,386*Note that this is separate from above funding of draw on reserves <br />* Currently, target reserves are met. <br />564 <br />