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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> BUDGET FOR PERIOD ENDING DECEMBER 2020
<br /> 2020 2019 2018
<br /> ANNUAL ANNUAL ANNUAL
<br /> BUDGET BUDGET ACTUAL
<br /> Depreciation&Amortization
<br /> DEPRECIATION 2,358,268 2,895,535 2,131,465
<br /> AMORTIZATION 688,179 0 165,882
<br /> Total For Depreciation&Amortization: 3,046,447 2,895,535 2,297,347
<br /> Interest Expense
<br /> INTEREST ON BONDS/LONG TERM 657,782 687,947 430,644
<br /> INTEREST ON DEFEASED BONDS (3,317) (3,316) (3,316)
<br /> AMORTIZATION OF DEBT DISCOUN (48,152) (48,152) (45,327)
<br /> Total For Interest Expense: 606,313 636,479 382,000
<br /> Other Ooeratine Expense
<br /> EV CHARGING EXPENSE 4,877 4,848 3,686
<br /> LOSS ON DISPOSITION OF PROP(CA 12,630 0 20,962
<br /> OTHER DONATIONS 4,104 5,000 2,238
<br /> MUTUAL AID 0 0 1,281
<br /> PENSION EXPENSE 60,000 100,000 (53,193)
<br /> OPEB EXPENSE 3,000 2,910
<br /> INTEREST PD ON METER DEPOSITS 23,828 15,000 20,816
<br /> RENTAL PROPERTY EXPENSE 9,000 6,000 8,720
<br /> Total For Other Operating Expense: 117,439 130,848 7,420
<br /> Customer Accounts Expense
<br /> METER READING EXPENSE 29,299 30,000 21,271
<br /> COJ J FCTING EXP DISC/RECONNEC 15,226 15,000 13,694
<br /> MISC CUSTOMER ACCTS EXP-COM 279,000 259,000 255,891 bill redesign,CRC increase
<br /> CUST BLGS NOT PD/SENT FOR COL 15,000 45,000 (63,451)
<br /> Total For Customer Accounts Expense: 338,525 349,000 227,405
<br /> Administrative Expense
<br /> SALARIES/OFFICE&COMMISSION 755,000 776,132 600,865 additional staff,reorg
<br /> TEMPORARY STAFFING 4,000 4,000 13,596
<br /> OFFICE SUPPLIES&EXPENSE 197,570 119,000 78,473 website 50k IT projects 67.5k
<br /> LT&WATER CONSUMPTION/OFFIC 30,587 35,000 28,398
<br /> BANK CHARGES 3,000 3,000 2,684
<br /> LEGAL FEES 27,500 30,000 35,893
<br /> AUDITING FEES 17,360 16,080 16,400
<br /> INSURANCE 175,000 158,900 152,623
<br /> UTILITY SHARE DEF COMP 103,000 120,000 73,558 additional staff,reorg
<br /> UTIL SH OF MEDICAL/DENTAL/DIS 780,000 735,000 634,702 additional staff,reorg
<br /> UTILITY SHARE OF PERA 255,000 245,000 221,038 additional staff,reorg
<br /> UTILITY SHARE OF FICA 241,500 235,000 209,454 additional staff,reorg
<br /> EMPLOYEE SICK PAY 120,983 115,000 110,089 additional staff,reorg
<br /> EMPLOYEE HOLIDAY PAY 131,643 128,000 123,508 additional staff,reorg
<br /> EMPLOYEE VACATION&PTO PAY 224,957 205,000 205,312 additional staff,reorg
<br /> UPMIC DISTRIBUTION 65,000 59,000 48,416 additional staff,reorg
<br /> CONSULTING FEES 30,000 30,000 52,986
<br /> TELEPHONE 23,500 21,168 22,134
<br /> ADVERTISING 15,000 18,000 28,238
<br /> DUES&SUBSCRIPTIONS-FEES 162,800 160,000 218,371
<br /> SCHOOLS&MEETINGS 265,155 225,126 149,251
<br /> MICE OF GEN PLANT/OFF HEATIN 5,841 6,000 5,439
<br /> Total For Administrative Expense: 3,634,396 3,444,406 3,031,428
<br /> 200
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