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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 31,2015
<br /> Electric Water Total
<br /> OPERATING EXPENSES-CONTINUED
<br /> General and administrative
<br /> Salaries $ 659,318 $ 147,926 $ 807,244
<br /> Employee pensions and benefits 1,267,179 265,605 1,532,784
<br /> Dues 91,613 42,984 134,597
<br /> Office supplies and billing expense 144,234 32,270 176,504
<br /> Office utilities and maintenance 21,102 8,948 30,050
<br /> Consulting fees 36,842 - 36,842
<br /> Legal and audit 43,446 8,292 51,738
<br /> Environmental compliance 24,208 - 24,208
<br /> Conservation improvement project 67,697 8,763 76,460
<br /> Insurance 174,161 28,116 202,277
<br /> Telephone 26,997 6,797 33,794
<br /> Advertising 7,155 3,406 10,561
<br /> Education and meetings 127,400 20,612 148,012
<br /> Miscellaneous 61,091 8,666 69,757
<br /> Total 2,752,443 582,385 3,334,828
<br /> TOTAL OPERATING EXPENSES 29,896,154 2,414,295 32,310,449
<br /> OPERATING INCOME(LOSS) 2,655,568 (211,758) 2,443,810
<br /> NONOPERATING REVENUES(EXPENSES)
<br /> Interest income 95,533 24,666 120,199
<br /> Miscellaneous revenue 279,487 177,298 456,785
<br /> Interest expense and other (116,676) (65,135) (181,811)
<br /> Gain(loss)on sale of capital assets 8,899 - 8,899
<br /> TOTAL NONOPERATING
<br /> REVENUES(EXPENSES) 267,243 136,829 404,072
<br /> INCOME(LOSS)BEFORE CONTRIBUTIONS AND TRANSFERS 2,922,811 (74,929) 2,847,882
<br /> CAPITAL CONTRIBUTIONS-
<br /> DEVELOPER INFRASTRUCTURE AND CONNECTION FEES - 253,934 253,934
<br /> CONTRIBUTION OF ASSETS FROM CITY - 189,669 189,669
<br /> TRANSFERS FROM OTHER CITY FUNDS - 94,703 94,703
<br /> TRANSFERS TO OTHER CITY FUNDS (824,743) (30,000) (854,743)
<br /> CHANGE IN NET POSITION 2,098,068 433,377 2,531,445
<br /> NET POSITION,JANUARY 1 AS RESTATED(NOTE 6) 30,537,608 22,816,825 53,354,433
<br /> NET POSITION,DECEMBER 31 $ 32,635,676 $ 23,250,202 $ 55,885,878
<br /> 150
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