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ELK RIVER MUNICIPAL UTILITES <br /> ELK RIVER,MINNESOTA <br /> STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION <br /> FOR PERIOD ENDING FEBRUARY 2015 <br /> 2015 2015 <br /> 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 <br /> FEBRUARY YTD BUDGET BUDGET Bud Vat FEBRUARY YTD VARIANCE Actual Var% <br /> Total For Distribution Expense: 10,960 22,925 22,973 192,500 0 28,405 37,752 (14,826) (39) <br /> Depreciation <br /> 595.8031 DEPRECIATION 92,992 185,983 188,334 1,130,000 (1) 93,333 186,666 (683) 0 <br /> Total For Depreciation: 92,992 185,983 188,334 1,130,000 (1) 93,333 186,666 (683) 0 <br /> Interest Expense <br /> 596.8071 INTEREST ON BONDS/LONG TERM 5,450 11,455 12,002 67,080 (5) 6,005 13,416 (1,961) (15) <br /> 596.8075 INTEREST ON DEFEASED BONDS (68) (136) (136) (818) 0 (68) (136) 0 0 <br /> Total For Interest Expense: 5,382 11,318 11,866 66,262 (5) 5,937 13,279 (1,961) (15) <br /> Other Operating Expense <br /> 597.8213 LOSS ON DISPOSITION OF PROP 0 0 100 1,000 (100) 0 0 0 0 <br /> 597.8341 INTEREST PD ON METER DEPOSIT 5 5 0 0 0 0 0 5 0 <br /> 597.8400 RENTAL PROPERTY EXPENSE 71 107 149 2,500 (28) 36 112 (5) (4) <br /> 750.7581 2010 GO BONDS AMORT DISCOUN 0 0 (546) (3,272) (100) 0 0 0 0 <br /> Total For Other Operating Expense: 76 112 (297) 228 (138) 36 112 0 0 <br /> Customer Accounts Expense <br /> 900.9021 METER READING EXPENSE 103 265 433 7,000 (39) 210 477 (211) (44) <br /> 900.9030 COLLECTING EXP DISC/RECONNE 0 0 1,084 6,500 (100) 133 133 (133) 0 <br /> 900.9051 MISC CUSTOMER ACCTS EXP-CO 3,484 7,769 6,793 45,000 14 4,410 8,035 (266) (3) <br /> Total For Customer Accounts Expense: 3,587 8,034 8,310 59,500 (3) 4,754 8,645 (611) (7) <br /> Administrative&General Expense <br /> 920.9201 SALARIES/OFFICE&COMMISSION 9,775 19,513 12,897 141,000 51 8,909 17,832 1,681 9 <br /> 920.9205 TEMPORARY STAFFING 0 0 334 2,000 (100) 0 0 0 0 <br /> 920.9211 OFFICE SUPPLIES&EXPENSE 1,658 8,498 5,685 35,000 49 1,901 4,586 3,912 85 <br /> 920.9212 LT&WATER CONSUMPTION/OFFI 284 546 469 5,000 16 284 503 42 9 <br /> 920.9213 BANK CHARGES 64 124 157 1,000 (21) 68 130 (6) (5) <br /> 920.9221 LEGAL FEES 512 512 1,080 5,500 (53) 540 540 (28) (5) <br /> 920.9231 AUDITING FEES 1,900 2,540 1,042 3,600 144 0 640 1,900 297 <br /> 920.9241 INSURANCE 9,317 11,255 8,827 44,216 28 2,311 4,623 6,633 143 <br /> 920.9261 UTIL SH OF MEDICAL/DENTAL/DI 10,834 26,336 22,924 121,423 15 10,564 27,947 (1,611) (6) <br /> 920.9262 UTILITY SHARE OF PERA 1,709 4,235 3,488 32,007 21 1,572 3,506 729 21 <br /> 920.9263 UTILITY SHARE OF FICA 1,667 4,129 3,331 23,083 24 1,569 3,487 642 18 <br /> 920.9264 EMPLOYEES SICK PAY 1,237 4,197 2,235 24,162 88 762 2,359 1,839 78 <br /> 48 <br />