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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> SUPPLEMENTAL INFORMATION
<br /> SCHEDULES OF OPERATING REVENUE AND EXPENSES-CONTINUED
<br /> YEARS ENDED DECEMBER 31,2012 AND 2011
<br /> Electric
<br /> Restated
<br /> 2012 2011
<br /> OPERATING EXPENSES-CONTINUED
<br /> General and administrative
<br /> Salaries $ 428,201 $ 425,788
<br /> Employee pensions and benefits 947,018 996,116
<br /> Dues 96,776 206,735
<br /> Office supplies and billing expense 72,277 72,475
<br /> Office utilities and maintenance 17,934 18,779
<br /> Consulting fees 5,771 3,200
<br /> Legal and audit 59,940 57,591
<br /> Environmental compliance 25,383 25,205
<br /> Conservation improvement project 143,111 97,070
<br /> Insurance 139,018 142,017
<br /> Telephone 18,767 18,275
<br /> Advertising 4,109 1,982
<br /> Education and meetings 145,613 101,266
<br /> Miscellaneous 29,643 16,522
<br /> Total 2,133,561 2,183,021
<br /> TOTAL OPERATING EXPENSES 27,350,312 26,433,050
<br /> OPERATING INCOME(LOSS) 2,908,378 2,150,936
<br /> NONOPERATING REVENUES(EXPENSES)
<br /> Interest income 117,753 113,983
<br /> Miscellaneous revenue 144,779 73,712
<br /> Interest expense (236,261) (256,141)
<br /> Gain(Loss)on sale of capital assets 2,260 (37,158)
<br /> TOTAL NONOPERATING
<br /> REVENUES(EXPENSES) 28,531 (105,604)
<br /> INCOME BEFORE CONTRIBUTIONS AND TRANSFERS 2,936,909 2,045,332
<br /> CONTRIBUTIONS FROM DEVELOPERS-INFRASTUCTURE CONNECTION FEES - -
<br /> CONTRIBUTIONS OF ASSET FROM CITY - -
<br /> TRANSFERS FROM OTHER CITY FUNDS - -
<br /> TRANSFERS TO OTHER CITY FUNDS (816,864) (711,415)
<br /> CHANGE IN NET POSITION 2,120,045 1,333,917
<br /> NET POSITION AS RESTATED,JANUARY 1 27,613,239 26,279,322
<br /> NET POSITION, DECEMBER 31 $ 29,733,284 $ 27,613,239
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