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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 MARCH 2021
<br />2021
<br />MARCH
<br />2020
<br />MARCH
<br />2021
<br />YTD
<br />2020
<br />YTD
<br />2021
<br /> YTD
<br />BUDGET
<br />2021 YTD
<br />Bud Var%
<br />2020 v. 2021
<br />Actual Var%
<br /> YTD
<br />VARIANCE
<br />2021
<br /> ANNUAL
<br />BUDGETElectric
<br />ELECTRIC MAPPING 6,436 29,8128,319 24,99929,575 18 (1)100,000 (236)
<br />MTCE OF OH SECONDARY 555 3,4451,235 5,0003,070 (39)(11)20,000 (374)
<br />MTCE OF URD SECONDARY 1,786 7,3018,604 10,25012,267 20 6841,000 4,966
<br />TRANSPORTATION EXPENSE 8,940 53,50625,165 56,25084,625 50 58225,000 31,118
<br />127,420 353,687 385,374 81,508 350,588(8)1Total For Maintenance Expense:1,331,500 3,099
<br /> Depreciation & Amortization
<br />DEPRECIATION 184,478 550,719188,826 582,808566,280 (3)32,437,374 15,560
<br />AMORTIZATION 55,677 167,03355,677 167,033167,033 0 0668,135 0
<br />244,503 733,313 749,842 240,156 717,753(2)2Total For Depreciation & Amortization:3,105,509 15,560
<br /> Interest Expense
<br />INTEREST EXPENSE - BONDS 54,942 166,94252,045 158,304158,304 0 (5)622,859 (8,637)
<br />INTEREST EXPENSE - DEFEASED (276)(829)(276)(829)(829)0 0(3,317)0
<br />AMORTIZATION OF DEBT DISCOU (4,012)(12,037)(4,012)(12,038)(12,037)0 0(48,152)0
<br />47,756 145,437 145,437 50,653 154,0740 (6)Total For Interest Expense:571,390 (8,637)
<br /> Other Operating Expense
<br />EV CHARGING EXPENSE 247 7992861,1621,137 (2)424,650 338
<br />LOSS ON DISPOSITION OF PROP (C 0 5542,111 3,12542,111 1,248 76,46512,500 42,056
<br />OTHER DONATIONS 0 17607500(100)(100)3,000 (176)
<br />PENSION EXPENSE 0 00000 082,000 0
<br />OPEB EXPENSE 0 00000 045,000 0
<br />INTEREST EXPENSE - METER DEP 1,058 3,167743,249219 (93)(93)13,000 (2,948)
<br />RENTAL PROPERTY EXPENSE 5,046 5,4420000 (100)0 (5,442)
<br />42,472 43,468 8,287 6,352 9,641424 351Total For Other Operating Expense:160,150 33,827
<br /> Customer Accounts Expense
<br />METER READING EXPENSE 2,583 7,1513,123 8,4999,394 11 3134,000 2,242
<br />DISCONNECT/RECONNECT EXPEN 484 2,2241,596 3,7504,059 8 8215,000 1,834
<br />MISC CUSTOMER ACCOUNTS EXP 24,517 68,30922,202 68,75066,490 (3)(3)275,000 (1,819)
<br />BAD DEBT EXPENSE & RECOVER 877 5,0707745,0001,264 (75)(75)20,000 (3,806)
<br />27,696 81,208 86,000 28,462 82,757(6)(2)Total For Customer Accounts Expense:344,000 (1,548)
<br /> Administrative Expense
<br />SALARIES OFFICE & COMMISSION 57,020 174,51675,406 190,500200,418 5 15762,000 25,902
<br />SALARIES COVID-19 0 021,040 021,040 0 0021,040
<br />TEMPORARY STAFFING 0 009990(100)04,000 0
<br />OFFICE SUPPLIES 3,559 16,5866,322 41,25025,702 (38)55165,000 9,115
<br />ELECTRIC & WATER CONSUMPTI 1,992 5,7852,100 7,7495,943 (23)331,000 158
<br />234
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