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Section 2
<br /> - 6 -
<br />this revised policy, the reserves decrease from 86% of the goal amount to 52% of the
<br />goal by the end of the Study Period.
<br />Table 2-3
<br />Projected Cash Reserves-Water
<br />Existing Rates
<br />Fiscal Year 2025 2026 2027 2028 2029
<br />Beginning Balance $10,500,000 $6,950,768 $6,810,823 $7,324,501
<br />Plus Change in Net Position (94,732) (162,932) (448,833) (1,039,762)
<br />Plus Depreciation 1,415,000 1,528,317 1,576,161 1,907,449
<br />Interfund Borrowing (1,400,000) 1,400,000
<br />Plus Debt Proceeds - - 8,000,000 -
<br />Less Debt Principal (70,000) (70,000) (75,000) (75,000)
<br />Less New Debt Principal - - - (279,400)
<br />Less Capital Improvements (3,399,500) (1,435,330) (9,938,650) (1,062,650)
<br />Ending Balance(1) $10,500,000 $6,950,768 $6,810,823 $7,324,501 $6,775,137
<br />Reserve Goal $12,216,671 $12,247,579 $12,448,620 $12,913,356 $12,984,951
<br />Reserves as % of ERMU
<br />Goal 86% 57% 55% 57% 52%
<br />(2) 2025 EOY reserve balance estimated by ERMU staff based on 2025 YTD actual results
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