|
ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER, MINNESOTA
<br /> STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION
<br /> YEARS ENDED DECEMBER 31,2012 AND 2011
<br /> Electric
<br /> Restated
<br /> 2012 2011
<br /> OPERATING REVENUES
<br /> Charges for services $ 29,016,238 $ 26,885,940
<br /> Security systems 295,600 256,432
<br /> LFG project 1,053,807 1,008,401
<br /> Generation credit (501,473) 140,609
<br /> Connection maintenance 156,204 35,564
<br /> Customer penalties 238,314 257,040
<br /> TOTAL OPERATING REVENUES 30,258,690 28,583,986
<br /> OPERATING EXPENSES
<br /> Purchased power 20,499,773 19,604,951
<br /> Production 885,996 885,580
<br /> Distribution 1,023,849 1,075,162
<br /> Depreciation 2,099,594 2,041,717
<br /> Customer accounts 707,539 642,619
<br /> General and administrative 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 REVENUES(EXPENSES) 28,531 (105,604)
<br /> INCOME BEFORE CONTRIBUTIONS AND TRANSFERS 2,936,909 2,045,332
<br /> CAPITAL CONTRIBUTIONS-
<br /> DEVELOPER INFRASTUCTURE and CONNECTION FEES - -
<br /> CONTRIBUTION OF ASSET FROM CITY - -
<br /> TRANSFERS FROM OTHER CITY FUNDS - -
<br /> TRANSFERS TO OTHER CITY FUNDS (816,864) (71 1,415)
<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
<br /> The notes to the financial statements are an integral part of this statement.
<br /> 24
<br />
|