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Elk River Municipal Utilities
<br /> Elk River, Minnesota
<br /> Electric Fund
<br /> Summary of Operations and Unaudited Statistics
<br /> For the Years Ended December 31, 2008 through December 31, 2017
<br /> Summary of Operations
<br /> 2008 2009 2010 2011
<br /> ' Operating Revenues
<br /> Sales of electricity $ 22,303,994 $ 23,591,485 $ 26,060,301 $ 27,894,341
<br /> Other operating revenues (expenses) 637,909 636,258 732,261 689,645
<br /> Total Operating Revenues 22,941,903 24,227,743 26,792,562 28,583,986
<br /> Operating Expenses
<br /> Purchased power 14,778,270 16,161,444 18,373,386 19,604,951
<br /> Distribution 2,162,797 1,937,096 1,892,212 1,960,742
<br /> Services to the City 409,222 428,508 434,415 474,934
<br /> Depreciation 2,057,851 2,126,794 2,062,942 2,041,717
<br /> Other operating expenses 2,196,770 2,272,917 2,399,236 2,350,706
<br /> Total Operating Expenses 21,604,910 22,926,759 25,162,191 26,433,050
<br /> Operating Income 1,336,993 1,300,984 1,630,371 2,150,936
<br /> Capital Contributions - - - -
<br /> Transfers from Other City Funds - - 53,741 -
<br /> Transfers to Other City Funds (540,636) (585,141) (657,086) (711,415)
<br /> Special Item - - - -
<br /> Nonoperating Revenues 249,022 (146,352) (154,956) (105,604)
<br /> Net Income $ 1,045,379 $ 569,491 $ 872,070 $ 1,333,917
<br /> Percent of Change
<br /> Sales of electricity 16.380% 5.772% 10.465% 7.038%
<br /> Purchased power 21.372% 9.360% 13.687% 6.703%
<br /> Percent of Revenues
<br /> Purchased power 64.416% 66.706% 68.576% 68.587%
<br /> Unaudited Statistics
<br /> Miscellaneous
<br /> 2008 2009 2010 2011
<br /> kWh's purchased 241,837,173 247,595,137 264,642,834 276,026,892
<br /> kWh's sold 224,226,048 232,772,722 250,711,834 261,235,297
<br /> Line loss 17,611,125 14,822,415 13,931,000 14,791,595
<br /> Percent of line loss 7.282% 5.987% 5.264% 5.359%
<br /> Revenues Per kWh Sold $ 0.0995 $ 0.1013 $ 0.1039 $ 0.1068
<br /> Cost Per kWh Purchased $ 0.0611 $ 0.0653 $ 0.0694 $ 0.0710
<br /> Number of Customers 9,203 9,170 9,207 9,227
<br /> Total Contribution/Transfers to City $ 540,636 $ 585,141 $ 657,086 $ 711,415
<br /> 56
<br /> 120
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