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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 MARCH 2019
<br /> 2019 2019
<br /> 2019 2019 YTD ANNUAL 2019 YTD 2018 2018 YTD 2018 v.2019
<br /> Electric MARCH YTD BUDGET BUDGET Bud Var% MARCH YTD VARIANCE Actual Var%
<br /> Revenue
<br /> Operating Revenue
<br /> Elk River 2,559,464 8,000,305 7,897,974 34,154,535 I 2,534,415 7,978,157 22,147 0
<br /> Otsego 203,211 652,380 618,416 2,715,484 5 200,175 624,694 27,685 4
<br /> Rural Big Lake 14,851 48,070 45,347 187,389 6 14,536 45,807 2,263 5
<br /> Dayton 18,236 57,906 53,735 221,713 8 17,452 54,280 3,625 7
<br /> Public St&Hwy Lighting 18,696 56,170 54,357 217,972 3 18,026 54,909 1,261 2
<br /> Generation and Sub Station Credit 400 1,200 1,200 4,800 0 400 1,200 0 0
<br /> Dispersed Generation Credit 0 0 0 0 0 (70,530) (204,566) 204,566 (100)
<br /> Total Operating Revenue 2,814,861 8,816,033 8,671,030 37,501,895 2 2,714,477 8,554,483 261,549 3
<br /> Other Operating Revenue
<br /> Interest/Dividend Income 12,912 44,370 20,000 80,000 122 5,799 16,797 27,572 164
<br /> Customer Penalties 15,672 60,339 58,243 250,000 4 24,884 28,896 31,443 109
<br /> LFG Project 84,502 272,965 289,348 1,157,393 (6) 89,457 270,881 2,084 1
<br /> Connection Fees 7,125 19,635 14,550 150,000 35 13,753 27,338 (7,703) (28)
<br /> Misc Revenue 33,141 99,912 87,500 351,050 14 50,046 364,352 (264,439) (73)
<br /> Total Other Revenue 153,353 497,222 469,642 1,988,443 6 183,941 708,265 (211,042) (30)
<br /> Total Revenue 2,968,214 9,313,255 9,140,672 39,490,338 2 2,898,419 9,262,748 50,506 1
<br /> Expenses
<br /> Purchased Power 1,978,384 5,920 499 5,770,238 25,724,105 3 1,790,924 6,134,721 (214,221) (3)
<br /> Operating&Mtce Expense 31,853 104,356 77,534 280,610 35 20,374 74,584 29,772 40
<br /> Landfill Gas 62,986 185,013 189,635 787,740 (2) 60 449 176,294 8,719 5
<br /> Transmission Expense 3,198 6,624 9,549 38,199 (31) 1,677 3,850 2,773 72
<br /> Distribution Expense 44,173 109,160 98,378 393,516 11 26,462 66,995 42,164 63
<br /> Maintenance Expense 92,390 292,043 367,651 1,308,092 (21) 145,755 415,408 (123,364) (30)
<br /> Depreciation&Amortization 233,503 699,488 708'347 2,895,535 (I) 177,425 533,184 166,304 31
<br /> Interest Expense 53,704 164,507 164,506 636,479 0 23,239 70,351 94,155 134
<br /> Other Operating Expense 7,614 15,262 7,087 130,848 (115) 5,735 29,748 (14,486) 49
<br /> Customer Accounts Expense 28,956 77,367 85,494 349,000 (10) 26,117 71,670 5,697 8
<br /> Administrative Expense 255,696 848,007 907,522 3,444,406 (7) 237,916 765,961 82,045 11
<br /> General Expense 26,043 71,328 135,870 543,149 (48) 19,639 52,118 19,209 37
<br /> Total Expenses(before Operating Transfers) 2,818,507 8,493,658 8,521,816 36,531,680 0 2,535,717 8,394,890 98,768 1
<br /> Operating Transfer
<br /> Operating Transfer/Other Funds 86,430 275,637 264,311 1,150,000 4 84,342 273,197 2,439 1
<br /> Utilities&Labor Donated 16,631 52,221 53,198 215,000 (2) 16,915 53,923 (1,702) (3)
<br /> Total Operating Transfer 103,061 327,859 317,510 1,365,000 3 101,257 327,121 737 0
<br /> Net Income Profit(Loss) 46,645 491,737 301,345 1,593,658 63 261,444 540,736 (48,999) 9
<br /> 365
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