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ELK RIVER MUNICIPAL UTILITIES <br />SUMMARY OF YEAR 2023 <br />BUDGETS <br />ELECTRIC BUDGET SUMMARY <br />2023 <br />ELECTRIC REVENUE $ <br />47,672,142 <br />ELECTRIC EXPENDITURES <br />(46,207,114) <br />ELECTRIC NET FOR CAPITAL <br />1,465,028 <br />3.07% Margin <br />DEBT RETIREMENT <br />(915,000) <br />NET LESS DEBT PRINCIPAL PMTS <br />550,028 <br />CAPITAL EQUIPMENT/CONSTRUCTION <br />(8,213,440) <br />FUND FROM RESERVES <br />250,000 * <br />Highway 169 redefine <br />FUND FROM RESERVES <br />500,000 * <br />Otsego Transformer Replacement <br />FUND FROM RESERVES <br />1,224,190 * <br />Territory Acquisition Areas 18,2, 3&4, 58,6, 7&8 Loss of Revenue <br />BONDING or INTER -FUND BORROWING <br />2,500,000 <br />AMI <br />NET <br />(3,189,222) <br />DEPRECIATION <br />3,220,836 <br />NET TO RESERVES <br />31,614 * <br />Note that this is separate from above funding of draw on reserves <br />WATER BUDGET SUMMARY <br />2023 <br />WATER REVENUE $ <br />3,461,947 <br />WATER EXPENDITURES <br />(3,409,180) <br />WATER NET FOR CAPITAL <br />52,767 <br />1.52% Margin <br />DEBT RETIREMENT <br />(60,000) <br />NET LESS DEBT PRINCIPAL PMTS <br />(7,233) <br />CAPITAL EQUIPMENT/CONSTRUCTION <br />(3,139,750) <br />FUND FROM RESERVES <br />1,198,000 * <br />AMI <br />FUND FROM RESERVES <br />1,250,000 * <br />Water Main Construction (Schoolview) <br />BONDING <br />- <br />NET <br />(698,983) <br />DEPRECIATION <br />1,202,937 <br />NET TO RESERVES <br />503,954 * <br />Note that this is separate from above funding of draw on reserves <br />* Currently, target reserves are met. <br />105 <br />