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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, 2017
<br /> Electric Water Total
<br /> Operating Expenses (Continued)
<br /> General and administrative
<br /> Salaries $ 732,850 $ 177,080 $ 909,930
<br /> Employee pensions and benefits 1,577,287 557,765 2,135,052
<br /> Dues 86,233 39,323 125,556
<br /> Office supplies and billing expense 72,907 23,469 96,376
<br /> Office utilities and maintenance 37,749 11,158 48,907
<br /> Consulting fees 49,512 7,934 57,446
<br /> Legal and audit 54,203 11,640 65,843
<br /> Environmental compliance 24,334 - 24,334
<br /> Conservation improvement project 111,532 9,647 121,179
<br /> Insurance 146,856 24,111 170,967
<br /> Telephone 19,677 5,200 24,877
<br /> Advertising 24,111 4,620 28,731
<br /> Education and meetings 117,132 16,254 133,386
<br /> Miscellaneous 35,902 8,139 44,041
<br /> Total 3,090,285 896,340 3,986,625
<br /> Total Operating Expenses 33,394,471 2,805,989 36,200,460
<br /> Operating Income(Loss) 2,726,353 (479,744) 2,246,609
<br /> Nonoperating Revenues(Expenses)
<br /> Interest income 79,543 31,314 110,857
<br /> Miscellaneous revenue 344,558 227,406 571,964
<br /> Interest expense and other (294,219) (50,354) (344,573)
<br /> Gain (loss)on sale of capital assets 15,152 2,348 17,500
<br /> Total Nonoperating
<br /> Revenues (Expenses) _ 145,034 210,714 355,748
<br /> Income (Loss) before Contributions and Transfers 2,871,387 (269,030) 2,602,357
<br /> Capital Contributions-
<br /> Developer Infrastrucure and Connection Fees - 799,223 799,223
<br /> Grants 40,000 - 40,000
<br /> Contributions from Customers 169,051 - 169,051
<br /> Transfers to Other City Funds (1,113,264) - (1,113,264)
<br /> Total Contributions and Transfers (904,213) 799,223 (104,990)
<br /> Change in Net Position 1,967,174 530,193 2,497,367
<br /> Net Position, January 1 34,524,100 23,670,858 58,194,958
<br /> Net Position, December 31 $ 36,491,274 $ 24,201,051 $ 60,692,325
<br /> 55
<br /> 113
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