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City of Elk River, MN 11/1/2021 <br />4 <br />7 <br />Capital Reserve Funding Strategies <br />•Based on Existing System Value and Depreciation <br />•Net System Value ~ $30,790,000 <br />•Annual Depreciation ~ $1,656,000 <br />•Factors in New Capital from CIP <br />•50-Year life assumed <br />8 <br />Baseline Revenue Adequacy <br />-$2,000,000 <br />-$1,000,000 <br />$0 <br />$1,000,000 <br />$2,000,000 <br />$3,000,000 <br />$4,000,000 <br />$5,000,000 <br />2021 2022 2023 2024 2025 2026 <br />Total Revenues vs. Total Expenses <br />Total Revenues Total Revenue Requirements Projected Revenue Surplus/(Deficiency) <br />2022 2023 2024 2025 2026 <br />Budgeted Contribution to Capital Reserves $581,989 $759,398 $749,675 $729,661 $714,346 <br />Actual Contribution to Reserves ($106,198)$110,017 $77,504 $33,328 ($7,467) <br />7 <br />8