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Elk River Municipal Utilities - Reserves Policy 4/2025 <br />Proposed <br />ERMU Electric Fund - 61 <br />Description <br />Annual <br />Average Monthly <br />2025 Budgeted Expenditures <br />$ <br />46,041,727 <br />$ <br />3,836,811 <br />2025 Budgeted Interest Expense <br />$ <br />794,932 <br />$ <br />66,244 <br />2025 Budgeted Depreciation <br />$ <br />3,339,552 <br />$ <br />278,296 <br />2025 Budgeted Purchased Power Cost <br />$ <br />30,599,628 <br />$ <br />2,549,969 <br />2025 Budgeted Pricipal and Interest <br />$ <br />1,784,932 <br />1 <br />n/a <br />2024 Peak Monthly Purchased Power Cost <br />$ <br />3,234,950 <br />1 $ <br />2,628,717 <br />2025 Reserves 1 12024 Reserves <br />2024 Audited Cash Balances $ 14,793,957 1 1 $ 16,675,251 <br />Unrestricted 12025 Calculated Reserves <br />Designated 12025 Proposed Calculated Reserves <br />Reserves <br />Restricted for 12025 Calculated Reserves <br />Debt Service 12025 Proposed Calculated Reserves <br />Unrestricted 12025 Calculated Reserves <br />Reserves 12025 Proposed Calculated Reserves <br />$ 9,988,709 $ 9,649,556 <br />$ 9,988,709 <br />$ 1,779,016 $ 1,779,016 <br />$ 1,779,016 <br />$ 3,026,233 $ 5,246,679 <br />$ 3,026,233 <br />133 <br />