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ELK RIVER MUNICIPAL UTILITIES <br />ELK RIVER, MINNESOTA <br />SUPPLEMENTALINFORMA'FION <br />ELECTRIC FUND <br />SUMMARY OF OPERATIONS AND UNAUDITED STATISTICS <br />FOR THE YEARS ENDED DECEMBER 31, 2003 "fHROIJGH DECEMBER 31, 2011 <br />SUMMARY OF OPERATIONS <br /> 2003 2004 <br />OPERATING REVENUES <br />Sales ot'electricity $ 12,697,258 $ 13,775,332 <br />Other operating revenues 299,695 268,140 <br />TOTAL OPERATING REVENUES 12,996,953 14,043,472 <br />OPERATING EXPENSES <br />Purchased power 7,786,921 8,563,298 <br />Distribution 829,051 1,390,414 <br />Services to the City 265,234 294,698 <br />Depreciation 1,067,063 1,427,091 <br />Other operating expenses 1,915,081 1,567,309 <br />TOTAL OPERATING EXPENSES 11,863,350 13,242,810 <br />OPERATING INCOME 1,133,603 800,662 <br />TRANSFERS FROM OTHER CITY FUNDS _ <br />TRANSFERS "FO OTHER CITY FUNDS (317,918) (340,564) <br />NONOPERATING REVENUES 766,285 651,934 <br />NET INCOME _ $ 1581970 $ LI !2,032 <br />PERCENT OF CHANGE <br />Sales of electricity 17.750% 8.491% <br />Purchased power 13.684% 9.970% <br />PERCENT OF REVENUES <br />Purchased power 59.913% 60.977% <br />UNAUDITED STATISTICS <br />MISCELLANEOUS <br /> 2003 2004 <br />K Wh's purchased 170,092,937 176,730,416 <br />KWh's sold 161,852,054 165,595,414 <br />Line loss 8,240,883 11,135,002 <br />Percent of line loss 4.845% 6.301% <br />REVENUESPF,RKWhSOLD $ 0.0784 $ 0.0832 <br />COST PER KWh PURCHASED $ 0.0458 $ 0.0485 <br />NUMBER OP CUSTOMERS 7,376 7,907 <br />TOTAL. CONTRIBU"PION/TRANSFERS "FO CITY $ 583,152 $ 340,564 <br />62 <br />