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ELK RIVER MUNICIPAL UTILITIES <br />SUMMARY OF YEAR 2008 <br />BUDGETS <br />WATER BUDGET SUMMARY 2008 <br />WATER REVENUE 2,585,837 <br />WATER EXPENDITURES 2,378,401 <br />WATER NET FOR CAPITAL 207,436 <br />DEBT RETIREMENT 395,000 <br />GROSS (187,564) <br />CAPITAL PROJECTS 929,500 <br />BONDING <br />NET (1,117,064) <br />DEPRECIATION 901,250 <br />NET TO RESERVES (215,814) <br />BUDGET SUMMARY2008 <br />