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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 DECEMBER 2020
<br />2020
<br />DECEMBER
<br />2019
<br />DECEMBER
<br />2020
<br />YTD
<br />2019
<br />YTD
<br />2020
<br /> YTD
<br />BUDGET
<br />2020 YTD
<br />Bud Var%
<br />2019 v. 2020
<br />Actual Var%
<br /> YTD
<br />VARIANCE
<br />2020
<br /> ANNUAL
<br />BUDGETElectric
<br />VOLTAGE COMPLAINTS 601 9,0871,093 10,0007,385 (26)(19)10,000 (1,702)
<br />SALARIES TRANSMISSION & DIST 2,866 39,2472,846 45,61733,966 (26)(13)45,617 (5,281)
<br />ELECTRIC MAPPING 10,284 91,74410,832 115,00084,282 (27)(8)115,000 (7,462)
<br />MTCE OF OH SECONDARY 1,201 16,5401,293 20,00019,657 (2)1920,000 3,116
<br />MTCE OF URD SECONDARY 2,970 33,3479,982 41,00049,083 20 4741,000 15,735
<br />TRANSPORTATION EXPENSE 27,436 219,76019,722 225,000184,749 (18)(16)225,000 (35,010)
<br />106,386 1,147,019 1,319,117 137,838 1,120,033(13)2Total For Maintenance Expense:1,319,117 26,986
<br /> Depreciation & Amortization
<br />DEPRECIATION 190,656 2,188,122189,748 2,362,5432,228,703 (6)22,362,543 40,581
<br />AMORTIZATION 55,677 668,13555,677 668,135668,135 0 0668,135 0
<br />245,426 2,896,838 3,030,678 246,334 2,856,257(4)1Total For Depreciation & Amortization:3,030,678 40,581
<br /> Interest Expense
<br />INTEREST EXPENSE - BONDS 57,056 694,63054,213 657,782657,782 0 (5)657,782 (36,847)
<br />INTEREST EXPENSE - DEFEASED (276)(3,316)(276)(3,317)(3,316)0 0(3,317)0
<br />AMORTIZATION OF DEBT DISCOU (4,012)(48,151)(4,012)(48,152)(48,151)0 0(48,152)0
<br />49,924 606,313 606,313 52,767 643,1610 (6)Total For Interest Expense:606,313 (36,847)
<br /> Other Operating Expense
<br />EV CHARGING EXPENSE 298 4,5283284,8774,310 (12)(5)4,877 (217)
<br />LOSS ON DISPOSITION OF PROP (C 0 17,049012,63055 (100)(100)12,630 (16,994)
<br />OTHER DONATIONS 0 2,8561104,1041,261 (69)(56)4,104 (1,595)
<br />MUTUAL AID 0 29,5770000 (100)0 (29,577)
<br />PENSION EXPENSE 150,775 150,775060,0000 (100)(100)60,000 (150,775)
<br />OPEB EXPENSE 92,537 92,53703,0000 (100)(100)3,000 (92,537)
<br />INTEREST EXPENSE - METER DEP 1,877 22,7541,116 23,82812,852 (46)(44)23,828 (9,902)
<br />RENTAL PROPERTY EXPENSE 144 10,17909,0005,705 (37)(44)9,000 (4,474)
<br />1,556 24,183 117,439 245,631 330,257(79)(93)Total For Other Operating Expense:117,439 (306,073)
<br /> Customer Accounts Expense
<br />METER READING EXPENSE 2,501 27,2983,939 29,29938,938 33 4329,299 11,639
<br />DISCONNECT/RECONNECT EXPEN 954 14,5211,078 15,2268,738 (43)(40)15,226 (5,783)
<br />MISC CUSTOMER ACCOUNTS EXP 21,181 264,30321,537 279,000276,766 (1)5279,000 12,462
<br />BAD DEBT EXPENSE & RECOVER 579 11,82854115,00021,645 44 8315,000 9,817
<br />27,097 346,088 338,525 25,217 317,9522 9Total For Customer Accounts Expense:338,525 28,136
<br /> Administrative Expense
<br />SALARIES OFFICE & COMMISSION 66,797 697,44663,909 755,000723,368 (4)4755,000 25,921
<br />SALARIES COVID-19 0 000160,583 0 00160,583
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