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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 />BUDGETWater
<br />Revenue
<br />Operating Revenue
<br /> Water Sales 180,391 707,403 613,621 162,675 696,23515 22,299,751 11,168
<br /> Total Operating Revenue 180,391 707,403 613,621 162,675 696,23515 22,299,751 11,168
<br />Other Operating Revenue
<br /> Interest/Dividend Income 2,340 9,053 16,250 3,878 20,429(44)(56)39,000 (11,375)
<br /> Customer Penalties 0 0 0 0 3,8010 (100)0 (3,801)
<br /> Connection Fees 39,327 252,936 64,166 8,552 150,401294 68154,000 102,534
<br /> Misc Revenue 23,601 118,572 117,924 20,365 103,3921 15285,980 15,180
<br /> Total Other Revenue 65,269 380,563 198,341 32,795 278,02492 37478,980 102,538
<br /> Total Revenue 245,660 1,087,966 811,962 195,471 974,25934 122,778,731 113,706
<br />Expenses
<br /> Production Expense 5,503 128,079 25,500 5,155 12,188402 95161,200 115,890
<br /> Pumping Expense 41,156 204,756 221,249 36,046 178,022(7)15531,000 26,733
<br /> Distribution Expense 19,577 101,678 120,941 21,881 71,005(16)43272,500 30,672
<br /> Depreciation & Amortization 95,564 481,035 493,759 94,404 472,958(3)21,182,604 8,076
<br /> Interest Expense 1,051 6,099 6,099 1,893 10,2580 (41)13,459 (4,158)
<br /> Other Operating Expense 2 (655)625 81 2,506(205)(126)42,000 (3,162)
<br /> Customer Accounts Expense 5,754 29,247 28,541 5,180 26,6312 1068,500 2,615
<br /> Administrative Expense 79,670 373,148 390,093 103,239 338,162(4)10907,289 34,985
<br /> General Expense 773 4,169 5,687 2,250 5,740(27)(27)13,650 (1,570)
<br /> Total Expenses(before Operating Transfers)249,054 1,327,557 1,292,498 270,134 1,117,4743 193,092,203 210,082
<br />Operating Transfer
<br /> Utilities & Labor Donated 0 95 625 0 0(85)01,500 95
<br /> Total Operating Transfer 0 95 625 0 0(85)01,500 95
<br /> Net Income Profit(Loss)(3,393)(239,686)(481,160)(74,662)(143,214)50 (67)(314,972)(96,471)
<br />93
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