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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 />Revenue
<br />Operating Revenue
<br /> Elk River 2,499,877 7,867,755 7,841,345 2,365,171 7,598,4440 434,369,210 269,311
<br /> Otsego 215,688 666,101 661,755 191,779 624,3701 72,745,252 41,731
<br /> Rural Big Lake 15,485 48,115 48,527 13,779 46,197(1)4196,078 1,918
<br /> Dayton 19,171 57,835 58,350 16,479 54,431(1)6233,388 3,404
<br /> Public St & Hwy Lighting 20,931 62,815 60,999 20,757 60,7793 3244,000 2,036
<br /> Other Electric Sales 400 1,200 1,200 400 1,2000 04,800 0
<br /> Total Operating Revenue 2,771,553 8,703,824 8,672,179 2,608,368 8,385,4220 437,792,730 318,401
<br />Other Operating Revenue
<br /> Interest/Dividend Income 3,185 14,485 17,499 14,104 36,469(17)(60)70,000 (21,983)
<br /> Customer Penalties 0 0 0 7,828 42,8590 (100)0 (42,859)
<br /> LFG Project 80,086 246,052 296,576 91,156 292,681(17)(16)1,186,307 (46,628)
<br /> Connection Fees 38,945 65,550 36,000 21,680 36,71582 79145,000 28,835
<br /> Misc Revenue 73,568 225,068 156,612 104,842 196,45844 15626,451 28,610
<br /> Total Other Revenue 195,784 551,157 506,689 239,612 605,1839 (9)2,027,758 (54,026)
<br /> Total Revenue 2,967,338 9,254,981 9,178,868 2,847,980 8,990,6061 339,820,488 264,375
<br />Expenses
<br /> Purchased Power 1,929,172 5,894,884 5,537,199 1,823,301 5,454,8736 825,546,479 440,010
<br /> Operating & Mtce Expense 23,178 70,933 81,054 17,946 73,939(12)(4)282,000 (3,005)
<br /> Landfill Gas 64,069 182,265 195,681 59,824 178,657(7)2782,725 3,608
<br /> Transmission Expense 6,433 13,917 18,500 3,981 11,119(25)2574,000 2,797
<br /> Distribution Expense 54,949 115,680 85,804 22,467 65,37935 77343,216 50,300
<br /> Maintenance Expense 127,420 353,687 385,374 81,508 350,588(8)11,331,500 3,099
<br /> Depreciation & Amortization 244,503 733,313 749,842 240,156 717,753(2)23,105,509 15,560
<br /> Interest Expense 47,756 145,437 145,437 50,653 154,0740 (6)571,390 (8,637)
<br /> Other Operating Expense 42,472 43,468 8,287 6,352 9,641424 351160,150 33,827
<br /> Customer Accounts Expense 27,696 81,208 86,000 28,462 82,757(6)(2)344,000 (1,548)
<br /> Administrative Expense 291,848 968,003 1,055,243 259,812 882,314(8)103,740,500 85,689
<br /> General Expense 34,234 80,864 144,712 19,690 78,043(44)4582,701 2,821
<br /> Total Expenses(before Operating Transfers)2,893,737 8,683,666 8,493,138 2,614,158 8,059,1412 836,864,171 624,524
<br />Operating Transfer
<br /> Operating Transfer/Other Funds 100,664 316,719 313,653 95,269 305,8701 41,374,768 10,849
<br /> Utilities & Labor Donated 18,999 55,563 57,500 18,642 55,407(3)0230,000 155
<br /> Total Operating Transfer 119,664 372,283 371,153 113,912 361,2780 31,604,768 11,005
<br /> Net Income Profit(Loss)(46,062)199,032 314,576 119,909 570,186(37)(65)1,351,548 (371,153)
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