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ELK RIVER MUNICIPAL UTILITIES <br />SUMMARY OF YEAR 2024 <br />BUDGETS <br />ELECTRIC BUDGET SUMMARY <br />2024 <br />ELECTRIC REVENUE $ <br />48,518,378 <br />ELECTRIC EXPENDITURES <br />(46,883,996) <br />ELECTRIC NET FOR CAPITAL <br />1,634,382 <br />3.37% Margin <br />DEBT RETIREMENT <br />(955,000) <br />NET LESS DEBT PRINCIPAL PMTS <br />679,382 <br />CAPITAL EQUIPMENT/CONSTRUCTION <br />(11,128,890) <br />FUND FROM RESERVES <br />370,840 * <br />Otsego Transformer Replacement <br />FUND FROM RESERVES <br />700,000 * <br />Data Center Feeder <br />FUND FROM RESERVES <br />750,000 * <br />Unidentified Feeders <br />FUND FROM RESERVES <br />1,150,000 * <br />East Substation Design and Construction <br />FUND FROM RESERVES <br />1,250,000 * <br />Territory Acquisition Areas 18,2, 3&4, 58,6, 7&8 Loss of Revenue <br />INTER -FUND BORROWING <br />3,125,000 <br />AMI <br />NET <br />(3,103,668) <br />DEPRECIATION <br />3,107,612 <br />NET TO RESERVES <br />3,944 * <br />Note that this is separate from above funding of draw on reserves <br />WATER BUDGET SUMMARY <br />2024 <br />WATER REVENUE $ <br />3,708,060 <br />WATER EXPENDITURES <br />(3,594,742) <br />WATER NET FOR CAPITAL <br />113,318 <br />3.06% Margin <br />DEBT RETIREMENT <br />(60,000) <br />NET LESS DEBT PRINCIPAL PMTS <br />53,318 <br />CAPITAL EQUIPMENT/CONSTRUCTION <br />(4,091,950) <br />FUND FROM RESERVES <br />2,400,000 * <br />AMI <br />FUND FROM RESERVES <br />950,000 * <br />Water Main Construction (Upland/Meadowvale) <br />BONDING <br />- <br />NET <br />(688,632) <br />DEPRECIATION <br />1,148,988 <br />NET TO RESERVES <br />460,356 * <br />Note that this is separate from above funding of draw on reserves <br />* Currently, target reserves are met. <br />