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Elk River Municipal Utilities
<br />Apri19, 2009
<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 /> 2006 2007 2008
<br /> Amount Percent Amount Percent Amount Percent
<br />Operating revenues $ 16,977,717 100 % $ 19,666,543 100 % $ 22,754,350 100
<br />Operating expenses 15,869,554 93 18,262,805 93 21,601,752 95
<br />Operating income 1,108,163 7 1,403,738 7 1,152,598 5
<br />Nonoperating revenues 885,695 5 710,858 4 433,417 2
<br />Income before transfers 1,993,858 12 2,114,596 11 1,586,015 7
<br />Transfers to City and other (417,892) (2) (483,000) (2) (540,636) (2)
<br />Change in net assets $ 1,575,966 10 % $ 1,631,596 9 % $ 1,045,379 5
<br />Cash and
<br />temporary investments $ 1,595,406 _$ 2,806,277 $ 3,908,552
<br />Restricted cash $ 445,900 $ 733,400 $ 724,500
<br />Bonds and Notes payable $ 8,795,570 $ 11,052,804 $ 10,555,744
<br />$25,000,000
<br />$20,000,000
<br />$15,000,000
<br />$10,000,000
<br />$5,000,000
<br />$-
<br />2006 2007 2008
<br />^ Operating revenues ^ Operating expenses ^ Cash ^ Bonds ®Change in net assets
<br />952.835.9090 Fax 95'1.835.3261
<br />www.aemcpas.com
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