|
CITY OF ELK RIVER,MINNESOTA
<br /> Elk River Municipal Utilities-Electric System
<br /> Statement of Revenues,Expenses,and Changes in Net Position
<br /> For Fiscal Years ended December 31
<br /> 2010 2011 2012 2013 2014
<br /> OPERATING REVENUES
<br /> User Charges $ 26,316,948 $ 28,150,773 $ 30,365,645 $ 31,261,292 $ 31,756,165
<br /> Delinquency Collections 237,319 257,040 238,314 254,542 244,857
<br /> Other 173,534 176,173 (345,269) (669,455) (634,337)
<br /> Total Operating Revenues $ 26,727,801 5 28,583,986 $ 30,258,690 $ 30,846,379 $ 31,366,685
<br /> OPERATING EXPENSES
<br /> Personal Services $ 1,773,380 $ 1,692,020 $ 1,707,401 $ 1,815,680 $ 2,051,979
<br /> Supplies 116,299 132,149 135,161 129,967 172,354
<br /> Purchased Power 18,527,610 19,758,584 20,499,773 21,254,950 21,994,652
<br /> Other Service Charges 2,681,960 2,808,580 2,908,383 2,897,799 3,259,076
<br /> Depreciation 2,062,942 2,041,717 2,099,594 2,029,496 1,914,062
<br /> Total Operating Expense $ 25,162,191 $ 26,433,050 $ 27,350,312 $ 28,127,892 $ 29,392,123
<br /> OPERATING INCOME(LOSS) $ 1,565,610 $ 2,150,936 $ 2,908,378 $ 2,718,487 $ 1,974,562
<br /> NONOPERATING REVENUES(EXPENSES)
<br /> Connection Charges $ 64,761 $ - $ - $ - $ -
<br /> Interest Income 89,948 113,983 117,753 81,289 98,442
<br /> Miscellaneous Revenue 48,421 73,712 144,779 182,920 229,532
<br /> Interest Expense (272,897) (256,141) (236,261) (211,429) (160,274)
<br /> Bond Issuance Costs - - - - (44,850)
<br /> Amortization Expense (8,819) - - - -
<br /> Gain(Loss)on Sale of Capital Assets (11,609) (37,158) 2,260 (83,438) 29,525
<br /> Total Nonoperating Revenues(Expenses) $ (90,195) $ (105,604) $ 28,531 $ (30,658) $ 152,375
<br /> INCOME(LOSS)BEFORE CONTRIBUTIONS
<br /> AND TRANSFERS $ 1,475,415 $ 2,045,332 $ 2,936,909 $ 2,687,829 $ 2,126,937
<br /> Transfers In 53,741 - - - -
<br /> Transfers Out (657,086) (711,415) (816,864) (781,162) (797,835)
<br /> CHANGE IN NET POSITION $ 872,070 $ 1,333,917 $ 2,120,045 $ 1,906,667 $ 1,329,102
<br /> TOTAL NET POSITION(JANUARY 1) $ 25,522,027 $ 26,279,322 $ 27,613,239 $ 29,733,284 $ 31,639,951
<br /> PRIOR PERIOD ADJUSTMENTS - - - - -
<br /> TOTAL NET POSITION,RESTATED(JANUARY 1) $ 25,522,027 $ 26,279,322 $ 27,613,239 $ 29,733,284 $ 31,639,951
<br /> TOTAL NET POSITION(DECEMBER 31) $ 26,394,097 $ 27,613,239 $ 29,733,284 $ 31,639,951 $ 32,969,053
<br /> - 19 -
<br /> 137
<br />
|