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5.1d ERMUSR 01-11-2022
ELK RIVER MUNICIPAL UTILITIES SUMMARY OF YEAR 2022 BUDGETS ELECTRICBUDGETSUMMARY2022 ELECTRICREVENUE$42,275,451 ELECTRICEXPENDITURES(40,227,956) ELECTRICNETFORCAPITAL2,047,4954.84%1,565,534110%annualavgdebtsvc3.70% DEBTRETIREMENT(1,055,000) PROMISSORYNOTETOCOUNTY(209,124) NETLESSDEBTPRINCIPALPMTS783,371 CAPITALEQUIPMENT/CONSTRUCTION(6,153,305) FUNDFROMRESERVES500,000*Highway169redefine FUNDFROMRESERVES1,000,000*Hwy10Substation FUNDFROMRESERVES500,000*AMI FUNDFROMRESERVES884,185*TerritoryAcquisitionAreas1&2,3&4,5&6,7&8LossofRevenue BONDING NET(2,485,749) DEPRECIATION3,104,833 NETTORESERVES619,084*Notethatthisisseparatefromabovefundingofdrawonreserves WATERBUDGETSUMMARY2022 WATERREVENUE$3,343,069 WATEREXPENDITURES(3,235,395) WATERNETFORCAPITAL107,6743.22%107,643105%debtsvc3.22% DEBTRETIREMENT(320,000) NETLESSDEBTPRINCIPALPMTS(212,326) CAPITALEQUIPMENT/CONSTRUCTION(1,725,655) FUNDFROMRESERVES1,201,575*Highway169Redefine BONDING NET(736,406) DEPRECIATION1,199,124 NETTORESERVES462,718*Notethatthisisseparatefromabovefundingofdrawonreserves *Currently,targetreservesaremet. 64