5.2d ERMU 12-12-2023ELK RIVER MUNICIPAL UTILITIES
SUMMARY OF YEAR 2024
BUDGETS
ELECTRIC BUDGET SUMMARY
2024
ELECTRIC REVENUE $
48,521,831
ELECTRIC EXPENDITURES
(46,948,091)
ELECTRIC NET FOR CAPITAL
1,573,740
3.24% Margin
DEBT RETIREMENT
(955,000)
NET LESS DEBT PRINCIPAL PMTS
618,740
CAPITAL EQUIPMENT/CONSTRUCTION
(11,163,890)
FUND FROM RESERVES
100,000 *
County Rd 35 Feeder to Waco
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, 38,4, 58,6, 78,8 Loss of Revenue
INTER -FUND BORROWING
3,125,000
AMI
NET
(3,099,310)
DEPRECIATION
3,107,612
NET TO RESERVES
8,302 *
Note that this is separate from above funding of draw on reserves
WATER BUDGET SUMMARY
2024
WATER REVENUE $
3,728,289
WATER EXPENDITURES
(3,649,282)
WATER NET FOR CAPITAL
79,007
2.12% Margin
DEBT RETIREMENT
(60,000)
NET LESS DEBT PRINCIPAL PMTS
19,007
CAPITAL EQUIPMENT/CONSTRUCTION
(4,121,950)
FUND FROM RESERVES
2,400,000 *
AMI
FUND FROM RESERVES
950,000 *
Water Main Construction (Upland/Meadowvale)
NET
(752,943)
DEPRECIATION
1,148,988
NET TO RESERVES
396,045 *
Note that this is separate from above funding of draw on reserves
* Currently, target reserves are met.
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