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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 JUNE 2021
<br />2021
<br />JUNE
<br />2020
<br />JUNE
<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 5,945 45,1404,290 49,99940,858 (18)(9)100,000 (4,281)
<br />MTCE OF OH SECONDARY 1,510 11,7802,713 10,0008,993 (10)(24)20,000 (2,787)
<br />MTCE OF URD SECONDARY 7,019 23,5065,719 20,50022,427 9 (5)41,000 (1,078)
<br />TRANSPORTATION EXPENSE 12,622 97,02313,078 112,500137,156 22 41225,000 40,132
<br />83,166 648,367 695,749 101,328 636,499(7)2Total For Maintenance Expense:1,331,500 11,867
<br /> Depreciation & Amortization
<br />DEPRECIATION 187,410 1,107,046190,994 1,187,8081,139,085 (4)32,437,374 32,039
<br />AMORTIZATION 55,677 334,06755,677 334,067334,067 0 0668,135 0
<br />246,671 1,473,153 1,521,875 243,088 1,441,113(3)2Total For Depreciation & Amortization:3,105,509 32,039
<br /> Interest Expense
<br />INTEREST EXPENSE - BONDS 54,942 331,77080,677 314,440343,072 9 3622,859 11,301
<br />INTEREST EXPENSE - DEFEASED (276)(1,658)0 (1,658)(1,381)17 17(3,317)276
<br />AMORTIZATION OF DEBT DISCOU (4,012)(24,075)(5,892)(24,076)(25,955)(8)8(48,152)(1,879)
<br />74,785 315,735 288,706 306,036 9 50,653 3Total For Interest Expense:571,390 9,698
<br /> Other Operating Expense
<br />EV CHARGING EXPENSE 1,290 2,5813002,3252,042 (12)(21)4,650 (539)
<br />LOSS ON DISPOSITION OF PROP (C 0 553,102 6,25045,213 623 82,10712,500 45,158
<br />OTHER DONATIONS 43 34601,5000 (100)(100)3,000 (346)
<br />PENSION EXPENSE 0 00000 082,000 0
<br />OPEB EXPENSE 0 0(208,273)0(208,273)0 045,000 (208,273)
<br />INTEREST EXPENSE - METER DEP 1,045 6,319736,499441 (93)(93)13,000 (5,878)
<br />RENTAL PROPERTY EXPENSE 0 5,7050000 (100)0 (5,705)
<br />(204,796)(160,576)16,575 2,379 15,007(1,069)(1,170)Total For Other Operating Expense:160,150 (175,583)
<br /> Customer Accounts Expense
<br />METER READING EXPENSE 3,647 16,9434,216 16,99920,524 21 2134,000 3,580
<br />DISCONNECT/RECONNECT EXPEN 380 2,6461,983 7,5007,909 5 19915,000 5,263
<br />MISC CUSTOMER ACCOUNTS EXP 20,916 135,21022,105 137,500132,107 (4)(2)275,000 (3,102)
<br />BAD DEBT EXPENSE & RECOVER (220)12,28331810,0002,672 (73)(78)20,000 (9,610)
<br />28,623 163,214 172,000 24,723 167,083(5)(2)Total For Customer Accounts Expense:344,000 (3,869)
<br /> Administrative Expense
<br />SALARIES OFFICE & COMMISSION 67,290 350,62870,783 381,000404,549 6 15762,000 53,921
<br />SALARIES COVID-19 0 160,5830021,040 0 (87)0 (139,543)
<br />TEMPORARY STAFFING 0 001,9990 (100)04,000 0
<br />OFFICE SUPPLIES 8,096 44,8513,727 82,50040,312 (51)(10)165,000 (4,538)
<br />ELECTRIC & WATER CONSUMPTI 2,985 13,2942,212 15,49912,060 (22)(9)31,000 (1,233)
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