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ELK RIVER MUNICIPAL UTILITIES <br />SUMMARY OF YEAR 2024 <br />BUDGETS <br />ELECTRIC BUDGET SUMMARY <br />2025 <br />ELECTRIC REVENUE $ <br />47,532,450 <br />ELECTRIC EXPENDITURES <br />(45,960,483) <br />ELECTRIC NET FOR CAPITAL <br />1,571,968 <br />3.31% Margin <br />DEBT RETIREMENT <br />(990,000) <br />NET LESS DEBT PRINCIPAL PMTS <br />581,968 <br />CAPITAL EQUIPMENT/CONSTRUCTION <br />(9,405,195) <br />FUND FROM RESERVES <br />1,398,000 * <br />East Substation Design and Construction <br />FUND FROM RESERVES <br />750,000 * <br />Unidentified Feeders <br />FUND FROM RESERVES <br />375,000 * <br />Transformers and Meters <br />FUND FROM RESERVES <br />935,000 * <br />Territory Acquisition Areas 1&2, 3&4, 5&6, 7&8 Loss of Revenue <br />INTER -FUND BORROWING <br />2,125,000 <br />AMI <br />NET <br />(3,240,227) <br />DEPRECIATION <br />3,343,377 <br />NET TO RESERVES <br />103,150 * <br />Note that this is separate from above funding of draw on reserves <br />WATER BUDGET SUMMARY <br />2025 <br />WATER REVENUE $ <br />4,059,910 <br />WATER EXPENDITURES <br />(3,992,643) <br />WATER NET FOR CAPITAL <br />67,267 <br />1.66% Margin <br />DEBT RETIREMENT <br />(65,000) <br />NET LESS DEBT PRINCIPAL PMTS <br />2,267 <br />CAPITAL EQUIPMENT/CONSTRUCTION <br />(5,735,705) <br />FUND FROM RESERVES <br />2,400,000 * <br />New Wells <br />FUND FROM RESERVES <br />1,450,000 * <br />Water Main Construction (Upland/Meadowvale) <br />FUND FROM RESERVES <br />600,000 * <br />AMI <br />NET <br />(1,283,438) <br />DEPRECIATION <br />1,329,082 <br />NET TO RESERVES <br />45,644 * <br />Notethatthis is separatefrom above funding of draw on reserves <br />* Currently, target reserves are met. <br />