|
ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> SUPPLEMENTARY INFORMATION
<br /> SCHEDULE OF OPERATING REVENUES AND EXPENSES-CONTINUED
<br /> FOR THE YEAR ENDED DECEMBER 31,2014
<br /> Electric Water Total
<br /> OPERATING EXPENSES-CONTINUED
<br /> General and administrative
<br /> Salaries $ 537,658 $ 128,013 $ 665,671
<br /> Employee pensions and benefits 1,126,167 258,951 1,385,118
<br /> Dues 89,783 36,853 126,636
<br /> Office supplies and billing expense 108,493 23,094 131,587
<br /> Office utilities and maintenance 21,603 6,651 28,254
<br /> Consulting fees 4,924 344 5,268
<br /> Legal and audit 45,497 8,026 53,523
<br /> Environmental compliance 24,766 - 24,766
<br /> Conservation improvement project 91,676 15,290 106,966
<br /> Insurance 197,140 31,670 228,810
<br /> Telephone 21,754 5,427 27,181
<br /> Advertising 2,914 2,996 5,910
<br /> Education and meetings 149,929 19,377 169,306
<br /> Miscellaneous 74,867 9,339 84,206
<br /> Total 2,497,171 546,031 3,043,202
<br /> TOTAL OPERATING EXPENSES 29,392,123 2,350,789 31,742,912
<br /> OPERATING INCOME(LOSS) 1,974,562 (202,462) 1,772,100
<br /> NONOPERATING REVENUES(EXPENSES)
<br /> Interest income 98,442 23,984 122,426
<br /> Miscellaneous revenue 229,532 142,497 372,029
<br /> Interest expense (160,274) (72,646) (232,920)
<br /> Gain(loss)on sale of capital assets 29,525 (35,884) (6,359)
<br /> Bond issuance costs (44,850) - (44,850)
<br /> TOTAL NONOPERATING
<br /> REVENUES(EXPENSES) 152,375 57,951 210,326
<br /> INCOME(LOSS)BEFORE CONTRIBUTIONS AND TRANSFERS 2,126,937 (144,511) 1,982,426
<br /> CAPITAL CONTRIBUTIONS-
<br /> DEVELOPER INFRASTRUCTURE AND CONNECTION FEES - 375,329 375,329
<br /> CONTRIBUTION OF ASSETS FROM CITY - 175,091 175,091
<br /> TRANSFERS FROM OTHER CITY FUNDS - 329,490 329,490
<br /> TRANSFERS TO OTHER CITY FUNDS (797,835) (25,000) (822,835)
<br /> CHANGE IN NET POSITION 1,329,102 710,399 2,039,501
<br /> NET POSITION,JANUARY 1 31,639,951 22,376,137 54,016,088
<br /> NET POSITION,DECEMBER 31 $ 32,969,053 $ 23,086,536 $ 56,055,589
<br /> 101
<br />
|