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Elk River Municipal Utilities
<br />April 7, 2008
<br />Page 6
<br />Other Matters
<br />The following summarizes the Utilities' operations and provides analysis:
<br />Electric Fund
<br />The results of the Electric fund are as follows:
<br />Electric Operations Summary
<br />2005 2006
<br /> Amount Percent Amount Percent Amount Percent
<br />Operating revenues $ 15,721,566 100 % $ 16,977,717 100 % $ 19,666,543 100
<br />Operating expenses 14,770,200 94 15,869,554 93 18,262,805 93
<br />Operating income 951,366 6 1,108,163 7 1,403,738 7
<br />Nonoperating revenues 704,484 4 885,695 5 713,673 4
<br />Income before transfers 1,655,850 10 1,993,858 12 2,117,411 I 1
<br />Transfers to City and other (392,819) (2) (417,892) (2) (485,815) (2)
<br />Change in net assets $ 1,263,031 8 % $ 1,575,966 10 % $ 1,631,596 9
<br />Cash and
<br />temporary investments $ ],921,433 $ 1,595,406 $ 2,806,277
<br />Restricted cash $ 95,000 $ 445,900 $ 733,400
<br />Bonds and Notes Payable $ 4,916,976 $ 8,795,570 $ 11,052,804
<br />$25,000,000
<br />$20,000,000
<br />$15,000,000
<br />$10,000,000
<br />$5,000,000
<br />$-
<br />2005 2006 2007
<br />^ Operating revenues ^ Operating expenses ^ Cash ^ Bonds ^ Change in net assets
<br />2007
<br />952.835.9090 Fax 952.835.3261
<br />www.aemcpas.com
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