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ELK RIVER MUNICIPAL UTILITIES <br /> SUMMARY OF YEAR 2022 <br /> BUDGETS <br /> ELECTRIC BUDGET SUMMARY 2022 <br /> ELECTRIC REVENUE $ 43,186,605 <br /> ELECTRIC EXPENDITURES (41,620,221) <br /> ELECTRIC NET FOR CAPITAL 1,566,384 3.63% 1,565,534 110%annual avg debt svc 3.63% <br /> DEBT RETIREMENT (1,055,000) <br /> PROMISSORY NOTE TO COUNTY (209,124) <br /> NET LESS DEBT PRINCIPAL PMTS 302,260 <br /> CAPITAL EQUIPMENT/CONSTRUCTION (6,153,305) <br /> FUND FROM RESERVES 500,000 * Highway 169 redefine <br /> FUND FROM RESERVES 1,000,000 * Hwy 10 Substation <br /> FUND FROM RESERVES 500,000 * AMI <br /> FUND FROM RESERVES 884,185 * Territory Acquisition Areas 1&2,3&4,5&6,7&8 Loss of Revenue <br /> BONDING - <br /> NET (2,966,860) <br /> DEPRECIATION 3,104,833 <br /> NET TO RESERVES 137,973 * Note that this is separate from above funding of draw on reserves <br /> WATER BUDGET SUMMARY 2022 <br /> WATER REVENUE $ 3,343,069 <br /> WATER EXPENDITURES (3,235,395) <br /> WATER NET FOR CAPITAL 107,674 3.22% 107,643 105%debt svc 3.22% <br /> DEBT RETIREMENT (320,000) <br /> NET LESS DEBT PRINCIPAL PMTS (212,326) <br /> CAPITAL EQUIPMENT/CONSTRUCTION (1,725,655) <br /> FUND FROM RESERVES 1,201,575 * Highway 169 Redefine <br /> BONDING - <br /> NET (736,406) <br /> DEPRECIATION 1,199,124 <br /> NET TO RESERVES 462,718 * Note that this is separate from above funding of draw on reserves <br /> *Currently,target reserves are met. <br /> 79 <br />