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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 />Revenue
<br />Operating Revenue
<br /> Elk River 2,433,662 12,938,768 12,875,582 2,280,112 12,476,9030 434,369,210 461,865
<br /> Otsego 184,940 1,075,768 1,035,322 150,982 977,1864 102,745,252 98,581
<br /> Rural Big Lake 11,300 74,029 77,206 11,915 73,502(4)1196,078 527
<br /> Dayton 13,669 89,100 91,577 13,491 85,434(3)4233,388 3,665
<br /> Public St & Hwy Lighting 20,922 104,663 101,666 20,671 102,2373 2244,000 2,425
<br /> Other Electric Sales 400 2,000 2,000 400 2,0000 04,800 0
<br /> Total Operating Revenue 2,664,896 14,284,329 14,183,356 2,477,573 13,717,2641 437,792,730 567,065
<br />Other Operating Revenue
<br /> Interest/Dividend Income 8,230 28,392 29,166 15,623 82,287(3)(65)70,000 (53,894)
<br /> Customer Penalties 0 0 0 (47)42,6500 (100)0 (42,650)
<br /> LFG Project 77,981 420,285 494,294 95,846 481,933(15)(13)1,186,307 (61,647)
<br /> Connection Fees 19,725 110,950 51,000 7,875 51,798118 114145,000 59,152
<br /> Misc Revenue 96,141 378,505 260,187 40,794 283,81645 33626,451 94,689
<br /> Total Other Revenue 202,079 938,134 834,649 160,092 942,48512 02,027,758 (4,350)
<br /> Total Revenue 2,866,975 15,222,464 15,018,005 2,637,665 14,659,7491 439,820,488 562,714
<br />Expenses
<br /> Purchased Power 2,028,382 9,775,121 9,125,514 1,847,859 9,048,1677 825,546,479 726,954
<br /> Operating & Mtce Expense 20,192 110,165 123,581 14,939 107,264(11)3282,000 2,900
<br /> Landfill Gas 59,507 300,867 326,135 59,612 297,207(8)1782,725 3,660
<br /> Transmission Expense 4,770 23,111 30,833 3,743 18,968(25)2274,000 4,143
<br /> Distribution Expense 20,035 165,772 143,006 24,737 119,46616 39343,216 46,305
<br /> Maintenance Expense 90,071 565,201 592,291 92,404 535,171(5)61,331,500 30,029
<br /> Depreciation & Amortization 246,806 1,226,481 1,262,650 240,178 1,198,025(3)23,105,509 28,456
<br /> Interest Expense 47,756 240,950 240,949 50,653 255,3820 (6)571,390 (14,432)
<br /> Other Operating Expense 389 44,220 13,812 1,526 12,627220 250160,150 31,592
<br /> Customer Accounts Expense 26,469 134,591 143,333 32,472 142,360(6)(5)344,000 (7,769)
<br /> Administrative Expense 354,472 1,613,625 1,634,381 429,576 1,562,053(1)33,740,500 51,571
<br /> General Expense 22,530 131,947 242,039 18,758 128,098(45)3582,701 3,849
<br /> Total Expenses(before Operating Transfers)2,921,383 14,332,055 13,878,530 2,816,464 13,424,7953 736,864,171 907,260
<br />Operating Transfer
<br /> Operating Transfer/Other Funds 98,014 520,897 515,023 91,866 502,3321 41,374,768 18,565
<br /> Utilities & Labor Donated 18,449 91,973 95,833 17,756 91,278(4)1230,000 695
<br /> Total Operating Transfer 116,464 612,871 610,856 109,623 593,6100 31,604,768 19,261
<br /> Net Income Profit(Loss)(170,872)277,536 528,618 (288,421)641,344(47)(57)1,351,548 (363,807)
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