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
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