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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS
<br />YEARS ENDED DECEMBER 31, 201 I AND 2010
<br />OPERATING REVENUES
<br />Charges for services
<br />Security systems
<br />LFG project
<br />Generation credit
<br />Connection maintenance
<br />Customer penalties
<br />TOTAL OPERATING REVENUES
<br />OPERATING EXPENSES
<br />Purchased power
<br />Production
<br />Distribution
<br />Depreciation
<br />Customer accounts
<br />General and administrative
<br />TOTAL OPERATING EXPENSES
<br />OPERATINO INCOME (LOSS)
<br />NONOPERATING REVENUES (EXPENSES)
<br />Interest income
<br />Miscellaneous revenue
<br />Interest expense
<br />Amortization of deferred charges
<br />Loss on sale of capital assets
<br />TOTAL NONOPERATING REVENUES (EXPENSES)
<br />INCOME BEFORE CONTRIBUTIONS AND TRANSFERS
<br />CAPITAL CONTRIBUTIONS -
<br />DEVELOPERINFRASTUCTUREandCONNECTION FEES
<br />TRANSFERS FROM OTHER CITY FUNDS
<br />TRANSFERS TO OTHER CITY FUNDS
<br />CHANGE IN NET ASSETS
<br />NET ASSETS, JANUARY 1
<br />NET ASSETS, DECEMBER 31
<br />The notes to the financial statements are an integral part of this statement.
<br />Electric
<br />2011 2010
<br />$ 26,885,940 $ 25,056,960
<br />256,432 256,647
<br />1,008,401 1,003,341
<br />140,609 173,534
<br />35,564 64,761
<br />257,040 237,319
<br />28,583,986 26,792,562
<br />19,604,951 18,373,386
<br />885,580 919,638
<br />1,075,162 972,574
<br />2,041,717 2,062,942
<br />642,619 692,703
<br />2,183,021 2,140,948
<br />26,433,050
<br />2,150,936
<br />113,983
<br />73,712
<br />(259,416)
<br />(8,634)
<br />(37,158)
<br />25,162,191
<br />1,630,371
<br />89,948
<br />48,421
<br />(272,897)
<br />(8,879)
<br />(I 1,609)
<br />(117,513) (154,956)
<br />2,033,423 1,475,415
<br />- 53,741
<br />(711,415) (657,086)
<br />1,322,008 872,070
<br />26,394,097 25,522,027
<br />$ 27.7]6.105 $ 26.394,097
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