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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 APRIL 2019
<br />2019 2019
<br />2019
<br />2019
<br />YTD
<br />ANNUAL
<br />2019 YTD 2
<br />Electric
<br />APRIL
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />590.5971 MTCE OF METERS
<br />4,743
<br />21,958
<br />50,000
<br />150,000
<br />(56)
<br />590.5972 VOLTAGE COMPLAINTS
<br />1,055
<br />3,408
<br />2,766
<br />8,300
<br />23
<br />590.5981 SALARIES/TRANS & DISTRIBUTIO
<br />2,829
<br />12,920
<br />17,930
<br />53,792
<br />(28)
<br />590.5985 ELECTRIC MAPPING
<br />4,845
<br />33,454
<br />41,666
<br />125,000
<br />(20)
<br />590.5991 MTCE OF OVERHEAD SERVICE2N
<br />1,506
<br />4,184
<br />3,897
<br />18,000
<br />7
<br />590,5992 MTCE OF UNDERGROUND ELEC S
<br />1,886
<br />7,518
<br />13,666
<br />41,000
<br />(45)
<br />590.5993 LOCATE UNDERGROUND SECOND
<br />0
<br />0
<br />0
<br />0
<br />0
<br />590.5995 TRANSPORTATION EXPENSE
<br />23,292
<br />95,521
<br />100,289
<br />210,000
<br />(5)
<br />Total For Maintenance Expense:
<br />102,748
<br />394,791
<br />486,214
<br />1,308,092
<br />(19)
<br />Depreciation & Amortization
<br />595.8031 DEPRECIATION
<br />178,115
<br />710,569
<br />948,240
<br />2,895,535
<br />(25)
<br />595.8032 AMORTIZATION
<br />55,677
<br />222,711
<br />0
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />233,792
<br />933,281
<br />948,240
<br />2,895,535
<br />(2)
<br />Interest Expense
<br />596.8071 INTEREST ON BONDS/LONG TERM
<br />57,993
<br />235,367
<br />235,367
<br />687,947
<br />0
<br />596.8075 INTEREST ON DEFEASED BONDS
<br />(276)
<br />(1,105)
<br />(1,105)
<br />(3,316)
<br />0
<br />597.8281 AMORTIZATIONOFDEBTDISCOU
<br />(4,012)
<br />(16,050)
<br />(16,050)
<br />(48,152)
<br />0
<br />Total For Interest Expense:
<br />53,704
<br />218,211
<br />218,211
<br />636,479
<br />0
<br />Other Operating Expense
<br />597.8165 EV CHARGING EXPENSE
<br />380
<br />1,570
<br />1,616
<br />4,848
<br />(3)
<br />597.8213 LOSS ON DISPOSITION OF PROP (C
<br />0
<br />0
<br />0
<br />0
<br />0
<br />597.8263 OTHER DONATIONS
<br />261
<br />261
<br />1,250
<br />5,000
<br />(79)
<br />597,8265 MUTUAL AID
<br />11,991
<br />11,991
<br />0
<br />0
<br />0
<br />597,8302 PENSION EXPENSE
<br />0
<br />0
<br />0
<br />100,000
<br />0
<br />597.8341 INTEREST PD ON METER DEPOSIT
<br />1,810
<br />7,908
<br />5,000
<br />15,000
<br />58
<br />597.8400 RENTAL PROPERTY EXPENSE
<br />144
<br />8,118
<br />2,000
<br />6,000
<br />306
<br />Total For Other Operating Expense:
<br />14,587
<br />29,850
<br />9,866
<br />130,848
<br />203
<br />Customer Accounts Expense
<br />900.9021 METER READING EXPENSE
<br />2,938
<br />8,712
<br />10,000
<br />30,000
<br />(13)
<br />900,9030 COLLECTING EXPDISC/RECONNE
<br />1,517
<br />3,710
<br />3,468
<br />15,000
<br />7
<br />900.9051 MISC CUSTOMER ACCTS EXP-CO
<br />21,431
<br />88,105
<br />86,333
<br />259,000
<br />2
<br />900.9061 CUST BLGS NOT PD/SENT FOR CO
<br />2,801
<br />5,528
<br />15,000
<br />45,000
<br />(63)
<br />~�
<br />Total For Customer Accounts Expense:
<br />28,688
<br />106,056
<br />114,802
<br />349,000
<br />(8)
<br />Administrative Expense
<br />920.9201 SALARIES/OFFICE & COMMISSION
<br />58,246
<br />228,052
<br />258,710
<br />776,132
<br />(12)
<br />57
<br />018
<br />APRIL
<br />15,711
<br />1,118
<br />3,194
<br />8,181
<br />1,007
<br />1,032
<br />2,339
<br />17,430
<br />128,497
<br />177,755
<br />0
<br />177,755
<br />27,472
<br />(276)
<br />256
<br />0
<br />0
<br />0
<br />0
<br />1,150
<br />144
<br />1,551
<br />1,346
<br />1,346
<br />20,336
<br />128
<br />23,156
<br />47,526
<br />2018
<br />YTD
<br />64,052
<br />2,673
<br />12,392
<br />46,735
<br />3,426
<br />4,837
<br />6,445
<br />106,522
<br />YTD
<br />2018 v. 2019
<br />VARIANCE
<br />Actual Var%
<br />(42,094)
<br />(66)
<br />735
<br />28
<br />527
<br />4
<br />(13,281)
<br />(28)
<br />757
<br />22
<br />2,681
<br />55
<br />(6,445)
<br />(100)
<br />(11,000)
<br />(10)
<br />543,905
<br />(149,114)
<br />(27)
<br />710,940
<br />(370)
<br />0
<br />0
<br />222,711
<br />0
<br />710,940
<br />2222341
<br />31
<br />110,522
<br />124,844
<br />113
<br />(1,105)
<br />0
<br />0
<br />(15,825)
<br />(224)
<br />1
<br />93,591
<br />124,620
<br />133
<br />1,023
<br />546
<br />53
<br />20,962
<br />(20,962)
<br />(100)
<br />0
<br />261
<br />0
<br />0
<br />11,991
<br />0
<br />0
<br />0
<br />0
<br />4,564
<br />3,343
<br />73
<br />4,748
<br />3,369
<br />71
<br />31,299
<br />(1,449)
<br />5
<br />6,077
<br />2,634
<br />43
<br />3,166
<br />543
<br />17
<br />82,140
<br />5,964
<br />7
<br />3,441
<br />2,087
<br />61
<br />94,827
<br />11,229
<br />12
<br />194,233
<br />33,819
<br />17
<br />
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