5.2a ERMUSR 11-8-2022ELK RIVER MUNICIPAL UTILITIES
SUMMARY OF YEAR 2023
BUDGETS
ELECTRIC BUDGET SUMMARY
2023
ELECTRIC REVENUE $
47,808,765
ELECTRIC EXPENDITURES
(46,669,004)
ELECTRIC NET FOR CAPITAL
1,139,760
DEBT RETIREMENT
(915,000)
NET LESS DEBT PRINCIPAL PMTS
224,760
CAPITAL EQUIPMENT/CONSTRUCTION
(8,219,675)
FUND FROM RESERVES
250,000
FUND FROM RESERVES
500,000
FUND FROM RESERVES
1,224,190
FUND FROM RESERVES
300,000
BONDING
2,500,000
NET
(3,220,725)
DEPRECIATION
3,220,836
NET TO RESERVES
ill
WATER BUDGET SUMMARY
2023
WATER REVENUE $
3,450,097
WATER EXPENDITURES
(3,398,313)
WATER NET FOR CAPITAL
51,784
DEBT RETIREMENT
(60,000)
NET LESS DEBT PRINCIPAL PMTS
(8,216)
CAPITAL EQUIPMENT/CONSTRUCTION
(3,074,090)
FUND FROM RESERVES
1,198,000
FUND FROM RESERVES
1,100,000
BONDING
-
NET
(784,306)
DEPRECIATION
1,202,937
NET TO RESERVES
418,631
* Currently, target reserves are met.
2.38% Margin 1,565,534 110% annual avg debt svc 3.27%
4,360,596 9.12
Highway 169 redefine
Otsego Transformer Replacement
Territory Acquisition Areas 18,2, 3&4, 58,6, 7&8 Loss of Revenue
New Feeder to tie Subl4-4 to Otsego Sub
AMI
Note that this is separate from above funding of draw on reserves
1.50%Margin 107,643 105%debt svc 3.12%
1,254,721 36.37
AMI
Water Main Construction (Schoolview)
Note that this is separate from above funding of draw on reserves
70