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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION
<br /> FOR PERIOD ENDING DECEMBER 2018
<br /> 2018 2018
<br /> 2018 2018 YTD ANNUAL 2018 YTD 2017 2017 YTD 2017 v.2018
<br /> Water DECEMBER YTD BUDGET BUDGET Bud Var% DECEMBER YTD VARIANCE Actual Var%
<br /> Revenue
<br /> Operating Revenue
<br /> Water Sales 122,807 2,445,688 2,200,002 2,200,002 11 129,061 2,252,750 192,937 9
<br /> Total Operating Revenue 122,807 2,445,688 2,200,002 2,200,002 11 129,061 2,252,750 192,937 9
<br /> Other Operating Revenue
<br /> Interest/Dividend Income 3,304 26,267 20,000 20,000 31 2,474 32,171 (5,904) (18)
<br /> Customer Penalties 1,164 18,081 15,000 15,000 21 1,081 19,262 (1,181) (6)
<br /> Connection Fees 41,734 768,861 125,600 125,600 512 11,408 797,572 (28,710) (4)
<br /> Misc Revenue 20,109 244,432 227,612 227,612 7 26,483 289,875 (45,443) (16)
<br /> Total Other Revenue 66,311 1,057,643 388,212 388,212 172 41,448 1,138,882 (81,238) (7)
<br /> Total Revenue 189,118 3,503,331 2,588,215 2,588,215 35 170,510 3,391,632 111,699 3
<br /> Expenses
<br /> Production Expense 2,749 53,135 50,000 50,000 6 2,309 42,916 10,218 24
<br /> Pumping Expense 45,527 484,583 599,548 599,548 (19) 45,538 457,472 27,110 6
<br /> Distribution Expense 14,541 231,519 263,185 263,185 (12) 7,556 154,309 77,210 50
<br /> Depreciation&Amortization 95,994 1,193,745 1,228,866 1,228,866 (3) 101,603 1,191,894 1,851 0
<br /> Interest Expense 3,429 41,864 41,864 41,864 0 4,142 50,354 (8,489) (17)
<br /> Other Operating Expense 71 3,236 7,267 7,267 (55) 244,696 252,442 (249,206) (99)
<br /> Customer Accounts Expense (20,926) 37,969 66,051 66,051 (43) 5,676 62,689 (24,720) (39)
<br /> Administrative Expense 46,982 617,929 711,790 711,790 (13) 60,119 639,203 (21,274) (3)
<br /> General Expense 679 9,279 13,388 13,388 (31) 600 10,160 (880) (9)
<br /> Total Expenses(before Operating Transfers) 189,048 2,673,262 2,981,960 2,981,960 (10) 472,242 2,861,442 (188,179) (7)
<br /> Operating Transfer
<br /> Utilities&Labor Donated 0 0 500 500 (100) 0 0 0 0
<br /> Total Operating Transfer 0 0 500 500 (1001 0 0 0 0
<br /> Net Income Profit(Loss) 70 830,069 (394,245) (394,245) 311 (301,731) 530,190 299,878 57
<br /> 45
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