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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 OCTOBER 2021
<br /> 2021 2021
<br /> 2021 2021 YTD ANNUAL 2021 YTD 2020 2020 YTD 2020 v.2021
<br /> Electric OCTOBER YTD BUDGET BUDGET Bud Var% OCTOBER YTD VARIANCE Actual Var%
<br /> ELECTRIC MAPPING 5,519 66,082 83,333 100,000 (21) 4,726 67,923 (1,840) (3)
<br /> MTCE OF OH SECONDARY 1,154 17,723 16,666 20,000 6 4,054 19,387 (1,664) (9)
<br /> MTCE OF URD SECONDARY 3.421 40,515 34,166 41,000 19 446 38,015 2,499 7
<br /> TRANSPORTATION EXPENSE 14,911 194,594 187,500 225,000 4 15,676 155,582 39,012 25
<br /> Total For Maintenance Expense: 94,012 1,032,052 1,109,583 1,331,500 (7) 77,165 974,676 57,376 6
<br /> Depreciation&Amortization
<br /> DEPRECIATION 192,711 1,906,061 2,006,639 2,437,374 (5) 186,766 1,853,016 53,044 3
<br /> AMORTIZATION 55,677 556,779 556,779 668,135 0 55,677 556,779 0 0
<br /> Total For Depreciation&Amortization: 248,389 2,462,840 2,563,418 3,105,509 (4) 242,443 2,409,795 53,044 2
<br /> Interest Expense
<br /> INTEREST EXPENSE-BONDS 79.906 658,682 520,309 622,859 27 54,213 549,354 109,327 20
<br /> INTEREST EXPENSE-DEFEASED 0 (276) (2,764) (3,317) 90 (276) (2,763) 2,487 90
<br /> AMORTIZATION OF DEBT DISCOU (5,892) (49,524) (40,126) (48,152) (23) (4,012) (40,126) (9,398) (23)
<br /> Total For Interest Expense: 74.014 608,880 477,419 571,390 (28) 49,924 506,464 102,416 20
<br /> Other Operating Expense
<br /> EV CHARGING EXPENSE 337 3,337 3,875 4,650 (14) 295 3,671 (333) (9)
<br /> LOSS ON DISPOSITION OF PROP(C 0 45,213 10,416 12,500 334 0 55 45,158 82,107
<br /> OTHER DONATIONS 0 918 2,500 3,000 (63) 410 1,107 (189) (17)
<br /> MUTUAL AID 0 6,860 0 0 0 0 0 6,860 0
<br /> PENSION EXPENSE 0 0 0 82,000 0 0 0 0 0
<br /> OPEB EXPENSE 0 (208,273) 0 45,000 0 0 0 (208,273) 0
<br /> OTHER INTEREST EXPENSE 730 (2,440) 0 0 0 0 0 (2,440) 0
<br /> INTEREST EXPENSE-METER DEP 75 738 10,833 13,000 (93) 1,104 10,627 (9,888) (93)
<br /> RENTAL PROPERTY EXPENSE 0 0 0 0 0 0 5,705 (5,705) (100)
<br /> Total For Other Operating Expense: 1.142 (153,645) 27,625 160,150 (656) 1,810 21,166 (174,811) (826)
<br /> Customer Accounts Expense
<br /> METER READING EXPENSE 4,140 37,303 28,333 34,000 32 3,993 31,707 5,596 18
<br /> DISCONNECT/RECONNECT EXPEN 1,463 14,434 12,500 15,000 15 1,048 7,116 7,318 103
<br /> MISC CUSTOMER ACCOUNTS EXP 23,986 224,486 229,166 275,000 (2) 22,443 234,085 (9,598) (4)
<br /> BAD DEBT EXPENSE&RECOVER 937 5,918 16,666 20,000 (64) 3,090 19,538 (13,619) (70)
<br /> Total For Customer Accounts Expense: 30,528 282,143 286,666 344,000 (2) 30,575 292,447 (10,303) (4)
<br /> Administrative Expense
<br /> SALARIES OFFICE&COMMISSION 67,035 671,031 635,000 762,000 6 65,251 602,880 68,151 11
<br /> SALARIES COVID-19 0 21,040 0 0 0 0 160,583 (139,543) (87)
<br /> TEMPORARY STAFFING 0 0 3,333 4,000 (100) 0 0 0 0
<br /> 65
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