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5.2a ERMUSR 11-09-2021
ELK RIVER MUNICIPAL UTILITIES SUMMARY OF YEAR 2022 BUDGETS ELECTRICBUDGETSUMMARY2022 ELECTRICREVENUE$43,176,214 ELECTRICEXPENDITURES(41,601,509) ELECTRICNETFORCAPITAL1,574,7053.65%1,565,534110%annualavgdebtsvc3.63% DEBTRETIREMENT(1,055,000) PROMISSORYNOTETOCOUNTY(209,124) NETLESSDEBTPRINCIPALPMTS310,581 CAPITALEQUIPMENT/CONSTRUCTION(5,835,305) FUNDFROMRESERVES500,000*Highway169redefine FUNDFROMRESERVES1,000,000*Hwy10Substation FUNDFROMRESERVES500,000*AMI FUNDFROMRESERVES884,185*TerritoryAcquisitionAreas1&2,3&4,5&6,7&8LossofRevenue BONDING NET(2,640,539) DEPRECIATION3,104,833 NETTORESERVES464,294*Notethatthisisseparatefromabovefundingofdrawonreserves WATERBUDGETSUMMARY2022 WATERREVENUE$3,342,069 WATEREXPENDITURES(3,231,657) WATERNETFORCAPITAL110,4123.30%107,643105%debtsvc3.22% DEBTRETIREMENT(320,000) NETLESSDEBTPRINCIPALPMTS(209,588) CAPITALEQUIPMENT/CONSTRUCTION(1,504,080) FUNDFROMRESERVES1,000,000*Highway169Redefine BONDING NET(713,668) DEPRECIATION1,199,124 NETTORESERVES485,456*Notethatthisisseparatefromabovefundingofdrawonreserves *Currently,targetreservesaremet. 76