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ELK RIVER MUNICIPAL UTILITIES <br />SUMMARY OF YEAR 2022 <br />BUDGETS <br />ELECTRICBUDGETSUMMARY2022 <br />ELECTRICREVENUE$43,176,214 <br />ELECTRICEXPENDITURES(41,601,509) <br />ELECTRICNETFORCAPITAL1,574,7053.65%1,565,534110%annualavgdebtsvc3.63% <br />DEBTRETIREMENT(1,055,000) <br />PROMISSORYNOTETOCOUNTY(209,124) <br />NETLESSDEBTPRINCIPALPMTS310,581 <br />CAPITALEQUIPMENT/CONSTRUCTION(5,835,305) <br />FUNDFROMRESERVES500,000*Highway169redefine <br />FUNDFROMRESERVES1,000,000*Hwy10Substation <br />FUNDFROMRESERVES500,000*AMI <br />FUNDFROMRESERVES884,185*TerritoryAcquisitionAreas1&2,3&4,5&6,7&8LossofRevenue <br />BONDING <br />NET(2,640,539) <br />DEPRECIATION3,104,833 <br />NETTORESERVES464,294*Notethatthisisseparatefromabovefundingofdrawonreserves <br />WATERBUDGETSUMMARY2022 <br />WATERREVENUE$3,342,069 <br />WATEREXPENDITURES(3,231,657) <br />WATERNETFORCAPITAL110,4123.30%107,643105%debtsvc3.22% <br />DEBTRETIREMENT(320,000) <br />NETLESSDEBTPRINCIPALPMTS(209,588) <br />CAPITALEQUIPMENT/CONSTRUCTION(1,504,080) <br />FUNDFROMRESERVES1,000,000*Highway169Redefine <br />BONDING <br />NET(713,668) <br />DEPRECIATION1,199,124 <br />NETTORESERVES485,456*Notethatthisisseparatefromabovefundingofdrawonreserves <br />*Currently,targetreservesaremet. <br />76 <br />