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CITY OF ELK RIVER,MINNESOTA
<br /> Elk River Municipal Utilities-Dectric System
<br /> Statement of Revenues,Expenses,and Changes in Net Position
<br /> For Fiscal Years ended December 31
<br /> 2013 2014 2015 2016 2017
<br /> OP:w••TING REVENUES
<br /> ser Charges $ 31,261,292 $ 31,756,165 $ 32,951,267 $ 34,746,670 $ 36,458,061
<br /> •-linquency Collections 254,542 244,857 238,339 253,137 242,739
<br /> •her (669,455) (634,337) (642,384) (535,411) (579,976)
<br /> Total Operating Revenues $ 30,846,379 $ 31,366,685 $ 32,547,222 $ 34,464,396 $ 36,120,824
<br /> OP:••TING EXPENSES
<br /> P-rsonalServices $ 1,815,680 $ 2,051,979 $ 2,344,264 $ 2,853,048 $ 2,712,070
<br /> S pplies 129,967 172,354 197,014 110,343 106,500
<br /> P rchased Power 21,254,950 21,994,652 22,034,307 23,991,069 25,402,576
<br /> •her Service Charges 2,897,799 3,259,076 3,398,210 2,867,046 3,126,390
<br /> •-preciation 2,029,496 1,914,062 1,922,359 2,005,093 2,046,935
<br /> Total Operating Expense $ 28,127,892 $ 29,392,123 $ 29,896,154 $ 31,826,599 $ 33,394,471
<br /> OP:M••TING INCOME(LOSS) $ 2,718,487 $ 1,974,562 $ 2,651,068 $ 2,637,797 $ 2,726,353
<br /> NO OPERATING REVENUES(EXPENSES)
<br /> I Merest Income $ 81,289 $ 98,442 $ 95,533 $ 90,804 $ 79,543
<br /> Miscellaneous Revenue 182,920 229,532 283,987 281,702 344,558
<br /> BI terest Expense (211,429) (160,274) (116,676) (198,194) (294,219)
<br /> ond Issuance Costs - (44,850) - (85,195) -
<br /> Gants - - - - 209,051
<br /> Gain(Loss)on Sale of Capital Assets (83,438) 29,525 8,899 (80,126) 15,152
<br /> Total Nonoperating Revenues(Expenses) $ (30,658) $ 152,375 $ 271,743 $ 8,991 $ 354,085
<br /> INC•ME(LOSS)BEFORE CONTRIBUTIONS
<br /> I TRANSFERS $ 2,687,829 $ 2,126,937 $ 2,922,811 $ 2,646,788 $ 3,080,438
<br /> sfers In - - - - -
<br /> -ansfers Out (781,162) (797,835) (824,743) (1,089,287) (1,113,264)
<br /> C • GEIN NET POS MON $ 1,906,667 $ 1,329,102 $ 2,098,068 $ 1,557,501 $ 1,967,174
<br /> S.ecial Item $ 330,923
<br /> C • GE IN NET POSITION AFTER SPECIAL ITIM $ 1,888,424
<br /> TO IAL NET POSITION(JANUARY 1) $ 29,733,284 $ 31,639,951 $ 32,969,053 * $ 32,635,676 $ 34,524,100
<br /> PRI•R PERIOD ADJUSTMENTS - - (2,431,445) - -
<br /> TO IAL NET POSITION,RESTATED(JANUARY I) $ - $ 30,537,608
<br /> TO IAL NET POSITION(DECEMBER 31) $ 31,639,951 $ 32,969,053 $ 32,635,676 $ 34,524,100 $ 36,491,274
<br /> *,As restated.
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