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<br />Cii)~ of Elk Rivcr
<br />March 13, 2008
<br />Page 18
<br />Electric Fund
<br />A comparison of the past three year's Electric fund operations is as follows:
<br /> 2005 2006 2007
<br /> Amounl Percent Amount Percent Amount Perecnt
<br />Operating rcvcnucs S li.871,039 100.0 % $ 17,143,485 100.0 % $ 19,895,323 100.0
<br />Operating expenses 14775,980 93.1 15.879,150 92.6 18.264.135 91.R
<br />Operating income 1,D95,059 6.9 1264,335 7.4 1,631,188 8.2
<br />Sonopcratiug rcvcuues 556,899 3.5 731,631 4.3 483,408 2.4
<br />Trans Ccrs out (388,927) (2.5) (420,000) (2.4) (483,000) (2.4)
<br />Change in net assets $ ],263,03L 7.9 % S 1.575,966 93 % S 1,631,596 82
<br />Cash and investments $ 2.016,433 ~ 2,041,306 $ 3,539,677
<br />Bouds payable $ 4,91(1,976 $ 8,795,570 $ 11052.804
<br />Electric Fund Operations Summary
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<br />^ Operating t'evenues ~ Operating expenses ®Operating income O Chance m net assets O Cash and investments
<br />The following table gives an indication of the sources and uses of cash for the past five years:
<br /> Cash Provided (Used) By
<br /> 13eginning Non-capital Capital Ending
<br /> Cash Operating Financing Financing Investing Cash
<br />Year Balance Activilics Activities Activities Activities Balance
<br />2007 $ 2,041,306 $ 4,U83,884 R (485,851) $(2,238,249) S 138;587 $ 3,539,677
<br />2006 2,016,433 3,053,162 (385,051) (?804,163) 160,925 2,04L306
<br />2005 2,361;856 3,059,049 (375,627) (3,063,265) 34,420 2,016,433
<br />2004 1,72Q,813 2,917,129 {221,761) (2,076,518) 22,193 2,361,856
<br />2003 2,25Q,971 2,486,997 (277,407) (2,777,275) 37,527 1,720,813
<br />The cash provided by operating activities has remained relatively strong. The sununary above highlights the significant
<br />amount of cash needed each year Por the capital activities of the Gtilities. "['he operations have been able to Cnance the
<br />capital activities for most of the last five years.
<br />9:i2.II3590J0 fux 952.fl35.3361
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