Laserfiche WebLink
Elk River Municipal Utilities - Reserves Policy 4/2023 <br />Proposed <br />ERMU Water Fund - 62 <br />Description <br />Annual <br />Average Monthly <br />2023 Budgeted Expenditures <br />$ 3,409,580 <br />$ 284,132 <br />2023 Budgeted Interest Expense <br />$ 43,000 <br />$ 3,583 <br />2023 Budgeted Depreciation <br />$ 1,202,937 <br />$ 100,245 <br />2023 Budgeted Pricipal and Interest <br />$ 103,000 <br />1 n/a <br />2022 Audited Cash Balances <br />2023 Reserves <br />$ 10,067,584 <br />Unrestricted <br />12023 Calculated Reserves <br />$ <br />1,184,822 <br />Designated <br />12023 Proposed Calculated Reserves <br />$ <br />1,184,822 <br />Reserves <br />Restricted for <br />2023 Calculated Reserves <br />$ <br />- <br />Debt Service <br />12023 Proposed Calculated Reserves <br />$ <br />- <br />Unrestricted <br />12023 Calculated Reserves <br />$ <br />8,882,763 <br />Reserves <br />12023 Proposed Calculated Reserves <br />$ <br />8,882,763 <br />2022 Reserves <br />$ 10,806,896 <br />$ 1,361,321 <br />$ 9,445,575 <br />152 <br />