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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 />BUDGETWater
<br />Revenue
<br />Operating Revenue
<br /> Water Sales 120,842 2,613,812 2,285,109 122,337 2,235,22214 172,285,109 378,589
<br /> Total Operating Revenue 120,842 2,613,812 2,285,109 122,337 2,235,22214 172,285,109 378,589
<br />Other Operating Revenue
<br /> Interest/Dividend Income 2,601 34,715 39,000 2,469 39,184(11)(11)39,000 (4,469)
<br /> Customer Penalties 0 3,801 15,000 1,458 17,864(75)(79)15,000 (14,063)
<br /> Connection Fees 223,730 652,413 225,000 39,989 479,244190 36225,000 173,168
<br /> Misc Revenue 23,494 263,534 274,473 21,702 247,870(4)6274,473 15,663
<br /> Total Other Revenue 249,826 954,464 553,473 65,619 784,16472 22553,473 170,299
<br /> Total Revenue 370,668 3,568,276 2,838,582 187,957 3,019,38726 182,838,582 548,889
<br />Expenses
<br /> Production Expense 4,897 52,040 60,000 1,515 57,354(13)(9)60,000 (5,313)
<br /> Pumping Expense 42,598 450,595 527,124 36,000 459,090(15)(2)527,124 (8,495)
<br /> Distribution Expense 9,576 249,186 283,951 9,213 221,372(12)13283,951 27,814
<br /> Depreciation & Amortization 96,522 1,133,179 1,215,839 95,426 1,147,148(7)(1)1,215,839 (13,969)
<br /> Interest Expense 1,893 23,515 23,516 2,682 32,9380 (29)23,516 (9,422)
<br /> Other Operating Expense 34 3,516 11,776 7,037 11,659(70)(70)11,776 (8,142)
<br /> Customer Accounts Expense 5,242 66,509 67,861 4,997 61,799(2)867,861 4,709
<br /> Administrative Expense 57,672 744,099 897,113 58,763 699,853(17)6897,113 44,246
<br /> General Expense 470 11,174 11,724 572 10,594(5)511,724 579
<br /> Total Expenses(before Operating Transfers)218,909 2,733,817 3,098,905 216,209 2,701,810(12)13,098,905 32,006
<br />Operating Transfer
<br /> Utilities & Labor Donated 0 463 1,630 0 1,583(72)(71)1,630 (1,120)
<br /> Total Operating Transfer 0 463 1,630 0 1,583(72)(71)1,630 (1,120)
<br /> Net Income Profit(Loss)151,759 833,996 (261,953)(28,252)315,993418 164(261,953)518,002
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