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Elk River Municipal Utilities <br />Elk River, Minnesota <br />Notes to the Financial Statements <br />December 31, 2021 <br /> <br />Note 2: Detailed Notes on All Funds (Continued) <br />The annual debt service requirements to maturity for the revenue bonds are as follows: <br /> <br />In 2021, annual principal and interest payment on the bonds required about 3.6% percent of revenues from the Electric <br />fund. Principal and interest paid and total customer revenues for the Electric fund were $1,478,435 and $40,760,944, <br />respectively. <br />Promissory Note <br />The Utilities has issued a promissory note to provide for construction of a landfill gas generator. The note is to be paid <br />from revenue of the system and is secured by the facility. <br /> <br /> <br />39 <br />111 <br />