FY 2021 FY 2022 FY 2023
System Revenues
Revenue From Sale of Energy $15,754,047 $17,419,989 $20,207,113 Miscellaneous Revenue 76,155 702 16,382
Interest Income 21,325 3,649 600,410
Total System Revenues $15,851,527 $17,424,340 $20,823,904 Matinenance and Operation Costs
Purchased Power and Associated Costs $7,120,395 $9,449,736 $9,506,758 Maintenance and Operation 2,487,769 2,819,799 1,314,810 Personnel Services 1,087,493 1,023,404 1,253,455
Total Maintenance and Operation Costs $10,695,657 $13,292,939 $12,075,023 System Net Revenues Available for Debt Service $5,155,870 $4,131,40 1 $8,748,882 Debt Service
VJPFA Bonds Debt Service $1,457,896 $1,588,054 $0
2022 Electric Revenue Bonds $0 $1,588,054 $3,845,634
Bonds Debt Service Coverage Ratio 3.54 2.60 -
Interfund Loan Repayment $1,120,513 $1,01 4,823 $1,014,823 System Net Revenues Remaining $2,577,461 $1,52 8,524 $3,888,425 Cash and Investments $11,890,324 $15,046,640 $18,090,907 3 YEAR AVG.
Debt Service Coverage Ratio 3.54 2.60 2.28 2.80
Fixed Cost Coverage Ratio 1.96 1.56 1.69 1.74
Unrestricted Operating Reserves (Days Cash on Hand) 356 370 501 409 Unrestricted Capital Reserves:
Higher of 25% of five year forecasted capital expenditures or 3% of net depreciable capital assets FY 2021 FY 2022 FY 2023
Depreciation Amount from ACFR 11,581,914$ 10,231,194 $ 9,649,414 $ 3 YEAR AVG. 3% of Depreciation Amount 347,457$ 306,936 $ 289,482 $ 314,625$ FY25 FY26 FY27 FY28 FY29
Five year Forecasted Capital Expenditures $1,859,272 $25,000 $25,000 $25,000 $25,000 $1,959,272 25% of Forecasted $489,818
Unrestricted Capital Reserves $489,818
VMUS Current Metrics
VMUS ELECTRIC SYSTEM
Historical Revenues, Expenses and Debt Service Coverage (Fiscal Year Ended June 30)