5.03a ERMUSR 11-14-2023ELK RIVER MUNICIPAL UTILITIES
SUMMARY OF YEAR 2024
BUDGETS
ELECTRIC BUDGET SUMMARY
2024
ELECTRIC REVENUE $
48,518,378
ELECTRIC EXPENDITURES
(46,883,996)
ELECTRIC NET FOR CAPITAL
1,634,382
3.37% Margin
DEBT RETIREMENT
(955,000)
NET LESS DEBT PRINCIPAL PMTS
679,382
CAPITAL EQUIPMENT/CONSTRUCTION
(11,128,890)
FUND FROM RESERVES
370,840 *
Otsego Transformer Replacement
FUND FROM RESERVES
700,000 *
Data Center Feeder
FUND FROM RESERVES
750,000 *
Unidentified Feeders
FUND FROM RESERVES
1,150,000 *
East Substation Design and Construction
FUND FROM RESERVES
1,250,000 *
Territory Acquisition Areas 18,2, 3&4, 58,6, 7&8 Loss of Revenue
INTER -FUND BORROWING
3,125,000
AMI
NET
(3,103,668)
DEPRECIATION
3,107,612
NET TO RESERVES
3,944 *
Note that this is separate from above funding of draw on reserves
WATER BUDGET SUMMARY
2024
WATER REVENUE $
3,708,060
WATER EXPENDITURES
(3,594,742)
WATER NET FOR CAPITAL
113,318
3.06% Margin
DEBT RETIREMENT
(60,000)
NET LESS DEBT PRINCIPAL PMTS
53,318
CAPITAL EQUIPMENT/CONSTRUCTION
(4,091,950)
FUND FROM RESERVES
2,400,000 *
AMI
FUND FROM RESERVES
950,000 *
Water Main Construction (Upland/Meadowvale)
BONDING
-
NET
(688,632)
DEPRECIATION
1,148,988
NET TO RESERVES
460,356 *
Note that this is separate from above funding of draw on reserves
* Currently, target reserves are met.