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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 31,2018
<br /> Electric Water Total
<br /> Operating Expenses (Continued)
<br /> General and administrative
<br /> Salaries $ 614,463 $ 163,865 $ 778,328
<br /> Employee pensions and benefits 1,575,798 314,675 1,890,473
<br /> Dues 121,558 42,750 164,308
<br /> Office supplies and billing expense 78,473 13,539 92,012
<br /> Office utilities and maintenance 33,837 8,459 42,296
<br /> Consulting fees 52,987 354 53,341
<br /> Legal and audit 52,293 11,697 63,990
<br /> Environmental compliance 27,896 543 28,439
<br /> Conservation improvement project 167,439 7,968 175,407
<br /> Insurance 152,623 23,722 176,345
<br /> Telephone 22,134 5,609 27,743
<br /> Advertising 28,239 8,269 36,508
<br /> Education and meetings 149,252 17,195 166,447
<br /> Miscellaneous 13,619 3,630 17,249
<br /> Total general and administrative 3,090,611 622,275 3,712,886
<br /> Total Operating Expenses 35,201,406 2,624,284 37,825,690
<br /> Operating Income (Loss) 3,578,499 (108,463) 3,470,036
<br /> Nonoperating Revenues (Expenses)
<br /> Interest income 330,110 25,334 355,444
<br /> Miscellaneous revenue 372,253 241,416 613,669
<br /> Interest expense and other (478,814) (41,865) (520,679)
<br /> Gain (loss)on sale of capital assets (4,963) 7,425 2,462
<br /> Total Nonoperating
<br /> Revenues 218,586 232,310 450,896
<br /> Income before Contributions and Transfers 3,797,085 123,847 3,920,932
<br /> Capital Contributions-
<br /> Connection Fees - 716,810 716,810
<br /> Contributions from Customers 352,104 - 352,104
<br /> Transfers to Other City Funds (1,188,664) - (1,188,664)
<br /> Total Contributions and Transfers (836,560) 716,810 (119,750)
<br /> Change in Net Position 2,960,525 840,657 3,801,182
<br /> Net Position, January 1 36,491,274 24,201,051 60,692,325
<br /> Net Position, December 31 $ 39,451,799 $ 25,041,708 $ 64,493,507
<br /> 55
<br /> 142
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