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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 />Revenue
<br />Operating Revenue
<br /> Elk River 2,390,083 33,307,398 33,833,223 2,424,399 33,257,320(2)033,833,223 50,078
<br /> Otsego 178,473 2,591,307 2,708,979 184,239 2,636,691(4)(2)2,708,979 (45,383)
<br /> Rural Big Lake 12,890 186,728 184,467 13,092 180,1931 4184,467 6,534
<br /> Dayton 14,940 217,773 222,712 15,413 215,694(2)1222,712 2,079
<br /> Public St & Hwy Lighting 20,946 250,174 225,195 19,110 226,64911 10225,195 23,525
<br /> Other Electric Sales 400 4,800 4,800 400 4,8000 04,800 0
<br /> Total Operating Revenue 2,617,735 36,558,183 37,179,378 2,656,655 36,521,348(2)037,179,378 36,834
<br />Other Operating Revenue
<br /> Interest/Dividend Income 8,198 135,013 100,000 13,450 159,01435 (15)100,000 (24,000)
<br /> Customer Penalties 0 42,555 210,000 18,481 254,552(80)(83)210,000 (211,997)
<br /> LFG Project 92,730 1,141,482 1,166,742 96,616 1,102,835(2)41,166,742 38,646
<br /> Connection Fees 14,255 160,186 150,000 13,009 194,2957 (18)150,000 (34,108)
<br /> Misc Revenue 106,694 757,337 438,080 95,481 740,99773 2438,080 16,339
<br /> Total Other Revenue 221,878 2,236,575 2,064,822 237,038 2,451,6958 (9)2,064,822 (215,119)
<br /> Total Revenue 2,839,614 38,794,759 39,244,200 2,893,693 38,973,043(1)039,244,200 (178,284)
<br />Expenses
<br /> Purchased Power 1,830,208 24,240,439 25,507,848 1,854,125 24,851,301(5)(2)25,507,848 (610,861)
<br /> Operating & Mtce Expense 25,582 220,257 281,513 26,625 283,424(22)(22)281,513 (63,166)
<br /> Landfill Gas 98,337 726,101 751,277 63,491 737,382(3)(2)751,277 (11,280)
<br /> Transmission Expense 3,839 46,610 39,000 3,582 39,33120 1939,000 7,279
<br /> Distribution Expense 28,439 282,730 383,416 30,968 306,745(26)(8)383,416 (24,014)
<br /> Maintenance Expense 106,386 1,147,019 1,319,117 137,838 1,120,033(13)21,319,117 26,986
<br /> Depreciation & Amortization 245,426 2,896,838 3,030,678 246,334 2,856,257(4)13,030,678 40,581
<br /> Interest Expense 49,924 606,313 606,313 52,767 643,1610 (6)606,313 (36,847)
<br /> Other Operating Expense 1,556 24,183 117,439 245,631 330,257(79)(93)117,439 (306,073)
<br /> Customer Accounts Expense 27,097 346,088 338,525 25,217 317,9522 9338,525 28,136
<br /> Administrative Expense 271,340 3,418,575 3,639,601 288,480 3,148,446(6)93,639,601 270,128
<br /> General Expense 43,682 400,164 510,147 53,921 370,206(22)8510,147 29,957
<br /> Total Expenses(before Operating Transfers)2,731,821 34,355,325 36,524,874 3,028,985 35,004,500(6)(2)36,524,874 (649,175)
<br />Operating Transfer
<br /> Operating Transfer/Other Funds 96,273 1,340,218 1,365,000 82,413 1,157,444(2)161,365,000 182,773
<br /> Utilities & Labor Donated 19,575 229,085 220,000 17,658 210,7904 9220,000 18,295
<br /> Total Operating Transfer 115,848 1,569,304 1,585,000 100,071 1,368,235(1)151,585,000 201,068
<br /> Net Income Profit(Loss)(8,056)2,870,129 1,134,325 (235,363)2,600,307153 101,134,325 269,822
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