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4.2c ERMUSR 04-13-2021
ElkRiverMunicipalUtilitiesReservesPolicy4/2021 Proposed ERMUElectricFund61 DescriptionAnnualAverageMonthly 2021BudgetedExpenditures$38,468,940$3,205,745 2021BudgetedInterestExpense$622,859$51,905 2021BudgetedDepreciation$3,105,509$258,792 2021BudgetedPurchasedPowerCost$25,546,480$2,128,873 2021BudgetedPricipalandInterest$1,782,475n/a 2020PeakMonthlyPurchasedPowerCost$2,781,903$2,020,037 2021Reserves2020Reserves 2020AuditedCashBalances$17,652,079$16,143,281 Unrestricted2021CalculatedReserves$8,508,394$8,368,175 Designated2021ProposedCalculatedReserves$8,508,394 Reserves Restrictedfor2021CalculatedReserves$1,261,359$1,261,359 DebtService2021ProposedCalculatedReserves$1,261,359 Unrestricted2021CalculatedReserves$7,882,326$6,513,747 Reserves2021ProposedCalculatedReserves$7,882,326 229