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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION
<br /> FOR THE YEARS ENDED DECEMBER 31,2013 AND 2012
<br /> Electric
<br /> 2013 2012
<br /> OPERATING REVENUES
<br /> Charges for services $ 29,949,116 $ 29,016,238
<br /> Security systems 282,502 295,600
<br /> LFG project 1,029,674 1,053,807
<br /> Generation credit (859,066) (501,473)
<br /> Connection maintenance 189,611 156,204
<br />• Customer penalties 254,542 238,314
<br /> TOTAL OPERATING REVENUES 30,846,379 30,258,690
<br /> OPERATING EXPENSES
<br /> Purchased power 21,254,950 20,499,773
<br /> Production 886,464 885,996
<br /> Distribution 1,083,877 1,023,849
<br /> Depreciation 2,029,496 2,099,594
<br /> Customer accounts 711,055 707,539
<br /> General and administrative 2,162,050 2,133,561
<br /> TOTAL OPERATING EXPENSES 28,127,892 27,350,312
<br />•
<br /> OPERATING INCOME 2,718,487 2,908,378
<br /> NONOPERATING REVENUES(EXPENSES)
<br /> Interest income 81,289 117,753
<br /> Miscellaneous revenue 182,920 144,779
<br /> Interest expense (211,429) (236,261)
<br /> Gain(loss)on sale of capital assets (83,438) 2,260
<br /> TOTAL NONOPERATING REVENUES(EXPENSES) (30,658) 28,531
<br />- INCOME BEFORE CONTRIBUTIONS AND TRANSFERS 2,687,829 2,936,909
<br /> CAPITAL CONTRIBUTIONS -
<br /> DEVELOPER INFRASTRUCTURE AND CONNECTION FEES - -
<br /> CONTRIBUTION OF ASSETS FROM CITY
<br /> -
<br /> -
<br /> TRANSFERS FROM OTHER CITY FUNDS -
<br /> TRANSFERS TO OTHER CITY FUNDS (781,162) (816,864)
<br /> CHANGE IN NET POSITION 1,906,667 2,120,045
<br /> NET POSITION,JANUARY I 29,733,284 27,613,239
<br />• NET POSITION,DECEMBER 31 $ 31639,951 $ 29,733,284
<br /> The notes to the financial statements are an integral part of this statement.
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