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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 /> Water MARCH YTD BUDGET BUDGET Bud Var% MARCH YTD VARIANCE Actual Var%
<br /> Revenue
<br /> Operating Revenue
<br /> Water Sales 122,856 380,425 335,117 2,240,089 14 122,733 366,031 14,394 4
<br /> Total Operating Revenue 122,856 380,425 335,117 2,240,089 14 122,733 366,031 14,394 4
<br /> Other Operating Revenue
<br /> Interest/Dividendlncome 3,197 11,134 5,212 20,850 114 1,449 4,199 6,935 165
<br /> Customer Penalties 859 4,164 4,462 18,000 (7) 1,374 1,702 2,462 145
<br /> Connection Fees 19,904 85,195 56,000 224,000 52 21,618 46,573 38,622 83
<br /> Misc Revenue 20,323 61,242 59,149 265,552 4 19,387 58,157 3,085 5
<br /> Total Other Revenue 44,285 161,737 124,824 528,402 30 43,830 110,632 51,105 46
<br /> Total Revenue 167,141 542,163 459,941 2,768,491 18 166,564 476,664 65,499 14
<br /> Expenses
<br /> Production Expense 12,762 18,794 12,875 51,500 46 5,308 14,000 4,793 34
<br /> Pumping Expense 33,711 113,602 124,628 540,464 (9) 34,166 110,278 3,324 3
<br /> Distribution Expense 15,738 55,958 78,973 272,163 (29) 11,030 44,621 11,336 25
<br /> Depreciation&Amortization 96,439 288,836 287,766 1,175,214 0 101,065 303,111 (14,275) (5)
<br /> Interest Expense 2,682 8,794 8,794 32,939 0 3,429 11,000 (2,206) (20)
<br /> Other Operating Expense 1,486 2,307 625 7,500 269 1115 1,260 1047 83
<br /> Customer Accounts Expense 5,342 15,239 17,874 71,500 (15) 5,,551 ,16030 (791) (5)
<br /> Administrative Expense 61,646 190,766 199,951 749,331 (5) 49,291 167,,770 22,996 14
<br /> General Expense 668 2,899 3,093 12,373 (6) 966 2,013 886 44
<br /> Total Expenses(before Operating Transfers) 230,476 697,199 734,582 2,912,985 (5) 211,923 670,087 27,112 4
<br /> Operating Transfer
<br /> Net Income Profit(Loss) (63,334) (155,036) (274,640) (144,494) 44 (45,358) (193,423) 38,387 20
<br /> 366
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