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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> SUPPLEMENTAL INFORMATION
<br /> WATER FUND
<br /> SUMMARY OF OPERATIONS AND UNAUDITED STATISTICS
<br /> FOR THE YEARS ENDED DECEMBER 31, 1998 THROUGH DECEMBER 31, 2003
<br /> SUMMARY OF OPERATIONS
<br /> 2003 2002 2001
<br /> OPERATING REVENUE
<br /> Sales of water $ 1,047,561 $ 834,562 $ 844,982
<br /> OPERATING EXPENSES
<br /> Operating expenses 849,677 561,039 520,323
<br /> Depreciation 585,354 292,559 195,315
<br /> TOTAL OPERATING EXPENSES 1,435,031 853,598 715,638
<br /> TOTAL OPERATING INCOME(LOSS) $ (387,470) $ (19,036) $ 129,344
<br /> PERCENT OF CHANGE
<br /> Sales of water 25.52% -1.23% 11.85%
<br /> UNAUDITED STATISTICS
<br /> MISCELLANEOUS
<br /> 2003 2002 2001
<br /> WATER PUMPED(gallons) 706,804,000 641,675,000 680,490,000
<br /> WATER SOLD(gallons) 634,994,000 527,780,000 558,945,000
<br /> Percent of line loss 10.16% 17.75% 17.86%
<br /> Revenue per 1,000 gallons pumped $ 1.47 $ 1.29 $ 1.23
<br /> Revenue per 1,000 gallons sold $ 1.65 $ 1.58 $ 1.51
<br /> Number of customers 3,207 3,207 3,009
<br /> UNUSUAL LINE LOSS
<br /> Gallons
<br /> 2003 2002 2001
<br /> Flushing hydrants 11,500,000 11,500,000 11,500,000
<br /> Back washing 8,880,000 8,880,000 8,880,000
<br /> Fire department use 5,000,000 5,000,000 5,000,000
<br /> New water main disinfectant and flushing 5,000,000 5,000,000 5,000,000
<br /> Meter inaccuracy 4,000,000 4,000,000 4,000,000
<br /> Eastern end maintenance 15,000,000 15,000,000 15,000,000
<br /> Unusual line loss 49,380,000 49,380,000 49,380,000
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