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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 />BUDGETWater
<br />Revenue
<br />Operating Revenue
<br /> Water Sales
<br />WATER SALES RESIDENTIAL 76,747 237,73978,965 198,302249,711 26 51,256,746 11,972
<br />WATER SALES COMMERCIAL 47,074 145,83541,900 140,624128,713 (8)(12)800,700 (17,121)
<br />WATER SALES IRRIGATION 1,559 4,5321,495 3,9674,734 19 4242,304 202
<br />122,361 383,159 342,895 125,380 388,10612 (1)Total For Water Sales:2,299,751 (4,947)
<br /> Total Operating Revenue
<br />125,380 388,106122,361 342,895383,159 12 (1)2,299,751 (4,947)
<br />122,361 383,159 342,895 125,380 388,10612 (1)Total For Total Operating Revenue:2,299,751 (4,947)
<br />Other Operating Revenue
<br /> Interest/Dividend Income
<br />INTEREST & DIVIDEND INCOME 3,495 9,0277969,5003,621 (62)(60)38,000 (5,406)
<br />OTHER INTEREST/MISC REVENUE 0 002490(100)01,000 0
<br />796 3,621 9,750 3,495 9,027(63)(60)Total For Interest/Dividend Income:39,000 (5,406)
<br /> Customer Penalties
<br />CUSTOMER PENALTIES 357 3,8010000 (100)0 (3,801)
<br />0 0 0 357 3,8010 (100)Total For Customer Penalties:0 (3,801)
<br /> Connection Fees
<br />WATER/ACCESS/CONNECTION FE 16,560 130,30038,206 27,500125,434 356 (4)110,000 (4,866)
<br />CUSTOMER CONNECTION FEES 0 3,6551,714 7,5009,489 27 16030,000 5,834
<br />BULK WATER SALES/HYDRANT R 298 1,95203,50053 (98)(97)14,000 (1,898)
<br />39,920 134,976 38,500 16,858 135,907251 (1)Total For Connection Fees:154,000 (930)
<br /> Misc Revenue
<br />RENTAL PROPERTY INCOME 505 1,5150000 (100)0 (1,515)
<br />HYDRANT MAINTENANCE PROGR 940 2,8889852,8742,950 3 211,500 62
<br />WATER TOWER LEASE 19,352 58,05722,626 67,87967,879 0 17274,480 9,822
<br />23,611 70,830 70,754 20,797 62,4600 13Total For Misc Revenue:285,980 8,370
<br /> Total Other Revenue
<br />41,508 211,19664,328 119,004209,429 76 (1)478,980 (1,767)
<br />64,328 209,429 119,004 41,508 211,19676 (1)Total For Total Other Revenue:478,980 (1,767)
<br />166,889 599,303186,690 461,900 Total Revenue 592,588 28 (1)2,778,731 (6,715)
<br />Expenses
<br /> Production Expense
<br />237
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