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ELK RIVER MUNICIPAL UTILITIES
<br />SUMMARY OF YEAR 2024
<br />BUDGETS
<br />ELECTRIC BUDGET SUMMARY
<br />2024
<br />ELECTRIC REVENUE $
<br />48,521,831
<br />ELECTRIC EXPENDITURES
<br />(46,948,091)
<br />ELECTRIC NET FOR CAPITAL
<br />1,573,740
<br />3.24% Margin
<br />DEBT RETIREMENT
<br />(955,000)
<br />NET LESS DEBT PRINCIPAL PMTS
<br />618,740
<br />CAPITAL EQUIPMENT/CONSTRUCTION
<br />(11,163,890)
<br />FUND FROM RESERVES
<br />100,000 *
<br />County Rd 35 Feeder to Waco
<br />FUND FROM RESERVES
<br />370,840 *
<br />Otsego Transformer Replacement
<br />FUND FROM RESERVES
<br />700,000 *
<br />Data Center Feeder
<br />FUND FROM RESERVES
<br />750,000 *
<br />Unidentified Feeders
<br />FUND FROM RESERVES
<br />1,150,000 *
<br />East Substation Design and Construction
<br />FUND FROM RESERVES
<br />1,250,000 *
<br />Territory Acquisition Areas 18,2, 38,4, 58,6, 78,8 Loss of Revenue
<br />INTER -FUND BORROWING
<br />3,125,000
<br />AMI
<br />NET
<br />(3,099,310)
<br />DEPRECIATION
<br />3,107,612
<br />NET TO RESERVES
<br />8,302 *
<br />Note that this is separate from above funding of draw on reserves
<br />WATER BUDGET SUMMARY
<br />2024
<br />WATER REVENUE $
<br />3,728,289
<br />WATER EXPENDITURES
<br />(3,649,282)
<br />WATER NET FOR CAPITAL
<br />79,007
<br />2.12% Margin
<br />DEBT RETIREMENT
<br />(60,000)
<br />NET LESS DEBT PRINCIPAL PMTS
<br />19,007
<br />CAPITAL EQUIPMENT/CONSTRUCTION
<br />(4,121,950)
<br />FUND FROM RESERVES
<br />2,400,000 *
<br />AMI
<br />FUND FROM RESERVES
<br />950,000 *
<br />Water Main Construction (Upland/Meadowvale)
<br />NET
<br />(752,943)
<br />DEPRECIATION
<br />1,148,988
<br />NET TO RESERVES
<br />396,045 *
<br />Note that this is separate from above funding of draw on reserves
<br />* Currently, target reserves are met.
<br />104
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