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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />BUDGET FOR PERIOD ENDING DECEMBER 2020
<br />202020192018
<br /> ANNUAL ANNUAL ANNUAL
<br />BUDGETBUDGETACTUAL
<br /> Depreciation & Amortization
<br />DEPRECIATION2,362,5432,895,5352,131,465
<br />AMORTIZATION668,1350165,882
<br />Total For Depreciation & Amortization:3,030,6782,895,5352,297,347
<br /> Interest Expense
<br />INTEREST ON BONDS/LONG TERM657,782687,947430,644
<br />INTEREST ON DEFEASED BONDS(3,317)(3,316)(3,316)
<br />AMORTIZATION OF DEBT DISCOUN(48,152)(48,152)(45,327)
<br />606,313636,479382,000
<br />Total For Interest Expense:
<br /> Other Operating Expense
<br />EV CHARGING EXPENSE4,8774,8483,686
<br />LOSS ON DISPOSITION OF PROP (CA12,630020,962
<br />OTHER DONATIONS4,1045,0002,238
<br />MUTUAL AID001,281
<br />PENSION EXPENSE60,000100,000(53,193)
<br />OPEB EXPENSE
<br />3,0002,910
<br />INTEREST PD ON METER DEPOSITS23,82815,00020,816
<br />RENTAL PROPERTY EXPENSE9,0006,0008,720
<br />Total For Other Operating Expense:117,439130,8487,420
<br /> Customer Accounts Expense
<br />METER READING EXPENSE29,29930,00021,271
<br />COLLECTING EXP DISC/RECONNEC15,22615,00013,694
<br />bill redesign, CRC increase
<br />MISC CUSTOMER ACCTS EXP-COM279,000259,000255,891
<br />CUST BLGS NOT PD/SENT FOR COL15,00045,000(63,451)
<br />338,525349,000227,405
<br />Total For Customer Accounts Expense:
<br /> Administrative Expense
<br />SALARIES/OFFICE & COMMISSION755,000776,132600,865additional staff, reorg
<br />TEMPORARY STAFFING4,0004,00013,596
<br />OFFICE SUPPLIES & EXPENSE197,570119,00078,473website 50k, IT projects 67.5k
<br />LT & WATER CONSUMPTION/OFFIC30,58735,00028,398
<br />BANK CHARGES3,0003,0002,684
<br />LEGAL FEES27,50030,00035,893
<br />AUDITING FEES17,36016,08016,400
<br />INSURANCE175,000158,900152,623
<br />UTILITY SHARE DEF COMP103,000120,00073,558additional staff, reorg
<br />UTIL SH OF MEDICAL/DENTAL/DIS780,000735,000634,702additional staff, reorg
<br />UTILITY SHARE OF PERA255,000245,000221,038additional staff, reorg
<br />UTILITY SHARE OF FICA241,500235,000209,454additional staff, reorg
<br />EMPLOYEE SICK PAY120,983115,000110,089additional staff, reorg
<br />EMPLOYEE HOLIDAY PAY131,643128,000123,508additional staff, reorg
<br />EMPLOYEE VACATION & PTO PAY224,957205,000205,312additional staff, reorg
<br />UPMIC DISTRIBUTION65,00059,00048,416additional staff, reorg
<br />CONSULTING FEES30,00030,00052,986
<br />TELEPHONE23,50021,16822,134
<br />ADVERTISING15,00018,00028,238
<br />DUES & SUBSCRIPTIONS - FEES162,800160,000218,371
<br />SCHOOLS & MEETINGS270,360225,126149,251
<br />MTCE OF GEN PLANT/OFF HEATIN5,8416,0005,439
<br />Total For Administrative Expense:3,639,6013,444,4063,031,428
<br />567
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