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City of Elk River, MN 11/1/2021 <br />8 <br />15 <br />Scenario 2: Projected Revenue Adequacy <br />•By 2026, additional $630,000 built into rates for on-going <br />renewal/replacement <br />$0 <br />$500,000 <br />$1,000,000 <br />$1,500,000 <br />$2,000,000 <br />$2,500,000 <br />$3,000,000 <br />$3,500,000 <br />$4,000,000 <br />$4,500,000 <br />2021 2022 2023 2024 2025 2026 <br />O&M Rate Funded Capital <br />Debt Service P&I Contribution to Capital Reserves <br />Trend - O&M-Related Trend - Capital-Related <br />Full-Cost Recovery - Funding Depreciation <br />16 <br />Scenario 2: Cash Balance Projections <br />0.0% <br />1.0% <br />2.0% <br />3.0% <br />4.0% <br />5.0% <br />6.0% <br />7.0% <br />8.0% <br />9.0% <br />10.0% <br /> $- <br /> $1,000,000 <br /> $2,000,000 <br /> $3,000,000 <br /> $4,000,000 <br /> $5,000,000 <br /> $6,000,000 <br /> $7,000,000 <br /> $8,000,000 <br /> $9,000,000 <br /> $10,000,000 <br />2021 2022 2023 2024 2025 2026 <br />Projected Sewer Fund Balances <br />Debt Service Reserve O&M Reserve Account <br />Renewal & Replacement Capital Reserve O&M Reserve Account Target <br />Debt Service Reserve Target Aggregate Revenue Increase <br />•Positioned to strategically spend reserves on capital <br />•Full-cost rates are critical to maintaining current position <br />15 <br />16