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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 MAY 2021
<br />2021
<br />MAY
<br />2020
<br />MAY
<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 4,636 39,1944,461 41,66636,568 (12)(7)100,000 (2,625)
<br />MTCE OF OH SECONDARY 2,154 10,2691,816 8,3336,279 (25)(39)20,000 (3,989)
<br />MTCE OF URD SECONDARY 2,985 16,4862,829 17,08316,708 (2)141,000 222
<br />TRANSPORTATION EXPENSE 16,035 84,40117,148 93,750124,077 32 47225,000 39,676
<br />90,071 565,201 592,291 92,404 535,171(5)6Total For Maintenance Expense:1,331,500 30,029
<br /> Depreciation & Amortization
<br />DEPRECIATION 184,500 919,635191,128 984,260948,091 (4)32,437,374 28,456
<br />AMORTIZATION 55,677 278,38955,677 278,389278,389 0 0668,135 0
<br />246,806 1,226,481 1,262,650 240,178 1,198,025(3)2Total For Depreciation & Amortization:3,105,509 28,456
<br /> Interest Expense
<br />INTEREST EXPENSE - BONDS 54,942 276,82752,045 262,395262,395 0 (5)622,859 (14,432)
<br />INTEREST EXPENSE - DEFEASED (276)(1,381)(276)(1,382)(1,381)0 0(3,317)0
<br />AMORTIZATION OF DEBT DISCOU (4,012)(20,063)(4,012)(20,063)(20,063)0 0(48,152)0
<br />47,756 240,950 240,949 50,653 255,3820 (6)Total For Interest Expense:571,390 (14,432)
<br /> Other Operating Expense
<br />EV CHARGING EXPENSE 244 1,2903151,9371,741 (10)354,650 450
<br />LOSS ON DISPOSITION OF PROP (C 0 5505,20842,111 709 76,46512,500 42,056
<br />OTHER DONATIONS 42 30301,2500 (100)(100)3,000 (303)
<br />PENSION EXPENSE 0 00000 082,000 0
<br />OPEB EXPENSE 0 00000 045,000 0
<br />INTEREST EXPENSE - METER DEP 1,049 5,273735,416367 (93)(93)13,000 (4,906)
<br />RENTAL PROPERTY EXPENSE 190 5,7050000 (100)0 (5,705)
<br />389 44,220 13,812 1,526 12,627220 250Total For Other Operating Expense:160,150 31,592
<br /> Customer Accounts Expense
<br />METER READING EXPENSE 3,297 13,2963,476 14,16616,308 15 2334,000 3,011
<br />DISCONNECT/RECONNECT EXPEN 40 2,2659566,2505,926 (5)16215,000 3,661
<br />MISC CUSTOMER ACCOUNTS EXP 21,711 114,29421,254 114,583110,001 (4)(4)275,000 (4,292)
<br />BAD DEBT EXPENSE & RECOVER 7,423 12,5037828,3332,354 (72)(81)20,000 (10,149)
<br />26,469 134,591 143,333 32,472 142,360(6)(5)Total For Customer Accounts Expense:344,000 (7,769)
<br /> Administrative Expense
<br />SALARIES OFFICE & COMMISSION 55,566 283,33864,676 317,500333,766 5 18762,000 50,428
<br />SALARIES COVID-19 160,583 160,5830021,040 0 (87)0 (139,543)
<br />TEMPORARY STAFFING 0 001,6660 (100)04,000 0
<br />OFFICE SUPPLIES 11,697 36,7544,463 68,75036,585 (47)0165,000 (168)
<br />ELECTRIC & WATER CONSUMPTI 2,505 10,3082,032 12,9169,848 (24)(4)31,000 (460)
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