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Elk River Municipal Utilities
<br />Elk River, Minnesota
<br />Supplementary Information
<br />Schedule of Operating Revenues and Expenses (Continued)
<br />For the Year Ended December 31, 2019
<br />ElectricWaterTotal
<br />Operating Expenses (Continued)
<br />General and administrative
<br />Salaries$ 697,449$ 197,084$ 894,533
<br />Employee pensions and benefits 2,053,145 367,755 2,420,900
<br />Dues 97,466 43,976 141,442
<br />Office supplies and billing expense 86,046 18,534 104,580
<br />Office utilities and maintenance 35,955 8,989 44,944
<br />Consulting fees 19,656 4,662 24,318
<br />Legal and audit 43,507 10,445 53,952
<br />Environmental compliance 29,189 935 30,124
<br />Conservation improvement project 340,310 8,443 348,753
<br />Insurance 162,844 23,391 186,235
<br />Telephone 22,519 5,488 28,007
<br />Advertising 16,687 6,576 23,263
<br />Education and meetings 154,239 19,352 173,591
<br />Miscellaneous 13,138 4,299 17,437
<br />Total general and administrative 3,772,150 719,929 4,492,079
<br />Total Operating Expenses 34,555,086 2,670,451 37,225,537
<br />Operating Income (Loss) 3,539,547 (366,781) 3,172,766
<br />Nonoperating Revenues (Expenses)
<br />Interest income 159,014 38,097 197,111
<br />Miscellaneous revenue 568,635 248,960 817,595
<br />Interest expense and other (643,159) (32,939) (676,098)
<br />Gain/(loss) on sale of capital assets (2,050) - (2,050)
<br />Total Nonoperating
<br />Revenues 82,440 254,118 336,558
<br />Income before Contributions and Transfers 3,621,987 (112,663) 3,509,324
<br />Capital Contributions -
<br />Connection Fees - 428,662 428,662
<br />Grants 10,000 - 10,000
<br />Contributions from Customers 125,764 - 125,764
<br />Transfers to Other City Funds (1,157,445) - (1,157,445)
<br />Total Contributions and Transfers (1,021,681) 428,662 (593,019)
<br />Change in Net Position 2,600,306 315,999 2,916,305
<br />Net Position, January 1 39,451,799 25,041,708 64,493,507
<br />Net Position, December 31$42,052,105$25,357,707$67,409,812
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<br />145
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