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ELK RIVER MUNICIPAL UTILITIES <br />SUMMARY OF YEAR 2022 <br />BUDGETS <br />ELECTRICBUDGETSUMMARY2022 <br />ELECTRICREVENUE$42,275,451 <br />ELECTRICEXPENDITURES(40,227,956) <br />ELECTRICNETFORCAPITAL2,047,4954.84%1,565,534110%annualavgdebtsvc3.70% <br />DEBTRETIREMENT(1,055,000) <br />PROMISSORYNOTETOCOUNTY(209,124) <br />NETLESSDEBTPRINCIPALPMTS783,371 <br />CAPITALEQUIPMENT/CONSTRUCTION(6,153,305) <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(2,485,749) <br />DEPRECIATION3,104,833 <br />NETTORESERVES619,084*Notethatthisisseparatefromabovefundingofdrawonreserves <br />WATERBUDGETSUMMARY2022 <br />WATERREVENUE$3,343,069 <br />WATEREXPENDITURES(3,235,395) <br />WATERNETFORCAPITAL107,6743.22%107,643105%debtsvc3.22% <br />DEBTRETIREMENT(320,000) <br />NETLESSDEBTPRINCIPALPMTS(212,326) <br />CAPITALEQUIPMENT/CONSTRUCTION(1,725,655) <br />FUNDFROMRESERVES1,201,575*Highway169Redefine <br />BONDING <br />NET(736,406) <br />DEPRECIATION1,199,124 <br />NETTORESERVES462,718*Notethatthisisseparatefromabovefundingofdrawonreserves <br />*Currently,targetreservesaremet. <br />64 <br />