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ELECTRIC BUDGET SUMMARY 2020 Budget 2020 Actual
<br />ELECTRIC REVENUE 39,244,200$ 38,794,759$
<br />ELECTRIC EXPENDITURES (38,109,875) (35,924,629)
<br />ELECTRIC NET FOR CAPITAL 1,134,325 2.89%2,870,130 7.40%
<br />DEBT RETIREMENT (924,000) (924,000)
<br />PROMISSORY NOTE TO COUNTY (203,956) (203,952)
<br />NET LESS DEBT PRINCIPAL PMTS 6,369 1,742,178
<br />CAPITAL EQUIPMENT/CONSTRUCTION (5,578,360) (3,834,141)
<br />FUND FROM RESERVES 1,000,000 *Field Services Building Site Prep 907,171 *
<br />851,860 *Area 1&2, 3&4 5&6 Loss of Revenue 834,185 *
<br />NET (3,720,131) (350,608)
<br />DEPRECIATION 3,030,678 2,896,838
<br />NET TO RESERVES (689,453)$ *2,546,230$ *
<br />WATER BUDGET SUMMARY 2020 Budget 2020 Actual
<br />WATER REVENUE 2,838,582$ 3,568,276$
<br />WATER EXPENDITURES (3,100,536) (2,734,280)
<br />WATER NET FOR CAPITAL (261,954) -9.23%833,996 23.37%
<br />DEBT RETIREMENT (271,000) (271,000)
<br />NET LESS DEBT PRINCIPAL PMTS (532,954) 562,996
<br />CAPITAL EQUIPMENT/CONSTRUCTION (736,500) (976,241)
<br />FUND FROM RESERVES 440,000 *Gary St Tower 317,836 *
<br />NET (829,454) (95,409)
<br />DEPRECIATION 1,215,839 1,133,179
<br />NET TO RESERVES 386,385$ *1,037,770$ *
<br />* Currently, target reserves are met.
<br />ELK RIVER MUNICIPAL UTILITIES SUMMARY OF YEAR 2020
<br /> BUDGET vs ACTUAL (UNAUDITED)
<br />71
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