PACKET 2026 6 8 Work Session website

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46 
 
Power Division 
Five Year Income and Cash Projections 
 
 
2027 2028 2029 2030 2031
R
EVENUE:
    Residential Sales 20,720,363 21,134,770 21,346,118 21,559,579 21,775,175
    Small Commercial Sales 5,241,244 5,280,553 5,320,158 5,360,059 5,400,259
    Large Commercial Sales 32,973,436 33,220,737 33,469,892 33,720,917 33,973,823
    Street and Athletic Lighting 478,595 479,073 479,552 480,032 480,512
    Outdoor Lighting 635,998 642,358 648,782 655,270 661,822
    Other 2,037,323 2,050,566 2,063,894 2,077,310 2,090,812
   Total Revenue 62,086,959$      62,808,057$      63,328,396$      63,853,165$      64,382,404$  
Purchased Power 48,640,205 51,502,607 51,929,285 52,359,595 52,793,571
Contribution Margin 13,446,754$      11,305,450$      11,399,111$      11,493,570$      11,588,833$  
Operating Expenses 5,918,734         6,226,508         6,550,286         6,890,901         7,249,228      
Maintenance Expenses 2,091,771         2,177,533         2,266,812         2,359,751         2,456,501      
Depreciation Expense 2,760,000 2,884,200 3,013,989 3,149,619 3,291,351
Tax Equivalents 900,000 909,900 919,909 930,028 940,258
Other 3,100 7,000 7,000 7,000 7,000
Debt Expenses 76,000              85,703              76,887              67,944              58,842          
Grant
Net Income 1,697,149$        (985,394)$         (1,435,772)$       (1,911,673)$       (2,414,348)$   
CASH FLOW
Beginning Cash Estimate 6,729,690$        4,937,077$        (2,441,189)$       (10,506,045)$     (16,747,173)$ 
Depreciation 2,760,000         2,884,200         3,013,989         3,149,619         3,291,351      
Debt Service 117,662            283,750            288,750            292,750            292,750        
New Debt 3,000,000         
Net Income 1,697,149         (985,394)           (1,435,772)        (1,911,673)        (2,414,348)     
Regular Capital Improvements 2,205,823         2,205,823         2,146,823         2,146,823         2,146,823      
New Capital Investments 4,610,000         8,095,000         8,835,000         6,600,000         5,800,000      
Vehicles 455,000            760,000            450,000            525,000            425,000        
Retirements and other (2,096,601)        1,500,000         1,500,000         1,500,000         1,500,000      
Estimated Ending Cash 4,937,077         (2,441,189)        (10,506,045)       (16,747,173)       (22,449,243)   
Projected Ending Debt Balance 2,163,151$        1,879,401$        1,590,651$        1,297,901$        1,005,151$    
O&M and Depreciation 59,486,709$      62,876,551$      63,837,259$      64,827,811$      65,849,493$