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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 />BUDGETWater
<br />Revenue
<br />Operating Revenue
<br /> Water Sales 308,664 1,016,068 838,986 257,927 954,16221 62,299,751 61,905
<br /> Total Operating Revenue 308,664 1,016,068 838,986 257,927 954,16221 62,299,751 61,905
<br />Other Operating Revenue
<br /> Interest/Dividend Income 3,187 12,240 19,500 2,631 23,060(37)(47)39,000 (10,819)
<br /> Customer Penalties 0 0 0 0 3,8010 (100)0 (3,801)
<br /> Connection Fees 55,650 308,587 77,000 28,647 179,049301 72154,000 129,538
<br /> Misc Revenue 24,036 142,609 141,944 20,729 124,1210 15285,980 18,487
<br /> Total Other Revenue 82,874 463,437 238,444 52,008 330,03394 40478,980 133,404
<br /> Total Revenue 391,538 1,479,505 1,077,431 309,935 1,284,19537 152,778,731 195,309
<br />Expenses
<br /> Production Expense 6,611 134,690 30,600 5,391 17,580340 66661,200 117,110
<br /> Pumping Expense 55,108 259,864 265,499 45,635 223,658(2)16531,000 36,206
<br /> Distribution Expense 34,228 135,906 142,849 25,972 96,977(5)40272,500 38,928
<br /> Depreciation & Amortization 95,319 576,354 591,591 95,111 568,069(3)11,182,604 8,285
<br /> Interest Expense 821 6,920 7,150 1,893 12,152(3)(43)13,459 (5,231)
<br /> Other Operating Expense (44,523)(45,179)750 134 2,641(6,124)(1,811)42,000 (47,821)
<br /> Customer Accounts Expense 6,010 35,257 34,249 5,656 32,2883 968,500 2,969
<br /> Administrative Expense 95,929 469,077 475,503 55,772 393,934(1)19907,289 75,143
<br /> General Expense 1,352 5,522 6,825 1,016 6,756(19)(18)13,650 (1,234)
<br /> Total Expenses(before Operating Transfers)250,858 1,578,415 1,555,020 236,584 1,354,0592 173,092,203 224,356
<br />Operating Transfer
<br /> Utilities & Labor Donated 0 95 750 138 138(87)(30)1,500 (42)
<br /> Total Operating Transfer 0 95 750 138 138(87)(30)1,500 (42)
<br /> Net Income Profit(Loss)140,680 (99,005)(478,339)73,213 (70,001)79 (41)(314,972)(29,003)
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