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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 122,361 383,159 342,895 125,380 388,10612 (1)2,299,751 (4,947)
<br /> Total Operating Revenue 122,361 383,159 342,895 125,380 388,10612 (1)2,299,751 (4,947)
<br />Other Operating Revenue
<br /> Interest/Dividend Income 796 3,621 9,750 3,495 9,027(63)(60)39,000 (5,406)
<br /> Customer Penalties 0 0 0 357 3,8010 (100)0 (3,801)
<br /> Connection Fees 39,920 134,976 38,500 16,858 135,907251 (1)154,000 (930)
<br /> Misc Revenue 23,611 70,830 70,754 20,797 62,4600 13285,980 8,370
<br /> Total Other Revenue 64,328 209,429 119,004 41,508 211,19676 (1)478,980 (1,767)
<br /> Total Revenue 186,690 592,588 461,900 166,889 599,30328 (1)2,778,731 (6,715)
<br />Expenses
<br /> Production Expense 11,759 25,983 15,300 1,636 4,81270 44061,200 21,170
<br /> Pumping Expense 36,197 124,208 132,749 34,725 111,504(6)11531,000 12,704
<br /> Distribution Expense 17,655 64,580 78,024 9,519 36,991(17)75272,500 27,589
<br /> Depreciation & Amortization 96,722 289,242 297,275 94,568 283,649(3)21,182,604 5,592
<br /> Interest Expense 1,051 3,996 3,996 1,893 6,4700 (38)13,459 (2,473)
<br /> Other Operating Expense 2 6 375 1,429 1,614(98)(100)42,000 (1,608)
<br /> Customer Accounts Expense 6,136 16,691 17,124 5,498 15,673(3)668,500 1,017
<br /> Administrative Expense 69,045 227,630 245,978 49,269 184,793(7)23907,289 42,837
<br /> General Expense 1,520 2,520 3,412 752 1,741(26)4513,650 779
<br /> Total Expenses(before Operating Transfers)240,091 754,861 794,238 199,293 647,251(5)173,092,203 107,610
<br />Operating Transfer
<br /> Utilities & Labor Donated 0 0 375 0 0(100)01,500 0
<br /> Total Operating Transfer 0 0 375 0 0(100)01,500 0
<br /> Net Income Profit(Loss)(53,401)(162,272)(332,712)(32,404)(47,947)51 (238)(314,972)(114,325)
<br />225
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