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ELK RIVER MUNICIPAL UTILITIES <br />SUMMARY OF YEAR 2023 <br />BUDGETS <br />ELECTRIC BUDGET SUMMARY <br />2023 <br />ELECTRIC REVENUE $ <br />47,808,765 <br />ELECTRIC EXPENDITURES <br />(46,669,004) <br />ELECTRIC NET FOR CAPITAL <br />1,139,760 <br />DEBT RETIREMENT <br />(915,000) <br />NET LESS DEBT PRINCIPAL PMTS <br />224,760 <br />CAPITAL EQUIPMENT/CONSTRUCTION <br />(8,219,675) <br />FUND FROM RESERVES <br />250,000 <br />FUND FROM RESERVES <br />500,000 <br />FUND FROM RESERVES <br />1,224,190 <br />FUND FROM RESERVES <br />300,000 <br />BONDING <br />2,500,000 <br />NET <br />(3,220,725) <br />DEPRECIATION <br />3,220,836 <br />NET TO RESERVES <br />ill <br />WATER BUDGET SUMMARY <br />2023 <br />WATER REVENUE $ <br />3,450,097 <br />WATER EXPENDITURES <br />(3,398,313) <br />WATER NET FOR CAPITAL <br />51,784 <br />DEBT RETIREMENT <br />(60,000) <br />NET LESS DEBT PRINCIPAL PMTS <br />(8,216) <br />CAPITAL EQUIPMENT/CONSTRUCTION <br />(3,074,090) <br />FUND FROM RESERVES <br />1,198,000 <br />FUND FROM RESERVES <br />1,100,000 <br />BONDING <br />- <br />NET <br />(784,306) <br />DEPRECIATION <br />1,202,937 <br />NET TO RESERVES <br />418,631 <br />* Currently, target reserves are met. <br />2.38% Margin 1,565,534 110% annual avg debt svc 3.27% <br />4,360,596 9.12 <br />Highway 169 redefine <br />Otsego Transformer Replacement <br />Territory Acquisition Areas 18,2, 3&4, 58,6, 7&8 Loss of Revenue <br />New Feeder to tie Subl4-4 to Otsego Sub <br />AMI <br />Note that this is separate from above funding of draw on reserves <br />1.50%Margin 107,643 105%debt svc 3.12% <br />1,254,721 36.37 <br />AMI <br />Water Main Construction (Schoolview) <br />Note that this is separate from above funding of draw on reserves <br />70 <br />