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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 />Revenue
<br />Operating Revenue
<br /> Elk River 2,979,776 15,918,545 15,668,512 2,706,563 15,183,4662 534,369,210 735,078
<br /> Otsego 223,315 1,299,084 1,224,017 178,221 1,155,4086 122,745,252 143,675
<br /> Rural Big Lake 12,841 86,871 91,185 13,317 86,819(5)0196,078 51
<br /> Dayton 15,404 104,504 107,549 14,915 100,350(3)4233,388 4,154
<br /> Public St & Hwy Lighting 20,927 125,590 121,999 21,147 123,3843 2244,000 2,206
<br /> Other Electric Sales 400 2,400 2,400 400 2,4000 04,800 0
<br />Total Operating Revenue 3,252,666 17,536,996 17,215,664 2,934,564 16,651,8292 537,792,730 885,166
<br />Other Operating Revenue
<br /> Interest/Dividend Income 7,086 35,479 34,999 10,526 92,8131 (62)70,000 (57,333)
<br /> Customer Penalties 0 0 0 (17)42,6330 (100)0 (42,633)
<br /> LFG Project 87,481 507,767 593,153 99,722 581,656(14)(13)1,186,307 (73,888)
<br /> Connection Fees 9,250 120,200 59,000 8,800 60,598104 98145,000 59,602
<br /> Misc Revenue 117,584 496,090 313,225 68,974 352,79058 41626,451 143,299
<br />Total Other Revenue 221,402 1,159,536 1,000,378 188,005 1,130,49016 32,027,758 29,046
<br />Total Revenue 3,474,068 18,696,533 18,216,043 3,122,570 17,782,3193 539,820,488 914,213
<br />Expenses
<br /> Purchased Power 2,908,386 12,683,508 11,509,858 2,349,426 11,397,59410 1125,546,479 1,285,913
<br /> Operating & Mtce Expense 27,509 137,674 144,844 12,973 120,238(5)15282,000 17,436
<br /> Landfill Gas 60,088 360,956 391,362 57,337 354,545(8)2782,725 6,410
<br /> Transmission Expense 6,406 29,518 37,000 4,377 23,345(20)2674,000 6,172
<br /> Distribution Expense 19,809 185,582 171,608 27,510 146,9778 26343,216 38,604
<br /> Maintenance Expense 83,166 648,367 695,749 101,328 636,499(7)21,331,500 11,867
<br /> Depreciation & Amortization 246,671 1,473,153 1,521,875 243,088 1,441,113(3)23,105,509 32,039
<br /> Interest Expense 74,785 315,735 288,706 50,653 306,0369 3571,390 9,698
<br /> Other Operating Expense (204,796)(160,576)16,575 2,379 15,007(1,069)(1,170)160,150 (175,583)
<br /> Customer Accounts Expense 28,623 163,214 172,000 24,723 167,083(5)(2)344,000 (3,869)
<br /> Administrative Expense 261,511 1,875,136 1,928,085 271,082 1,833,136(3)23,740,500 42,000
<br /> General Expense 25,707 157,655 290,703 39,243 167,342(46)(6)582,701 (9,686)
<br />Total Expenses(before Operating Transfers)3,537,870 17,869,926 17,168,369 3,184,126 16,608,9214 836,864,171 1,261,004
<br />Operating Transfer
<br /> Operating Transfer/Other Funds 119,859 640,757 626,740 108,924 611,2572 51,374,768 29,499
<br /> Utilities & Labor Donated 19,070 111,044 115,000 18,771 110,049(3)1230,000 994
<br />Total Operating Transfer 138,929 751,801 741,740 127,696 721,3061 41,604,768 30,494
<br />Net Income Profit(Loss)(202,730)74,805 305,933 (189,252)452,091(76)(83)1,351,548 (377,285)
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