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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 /> Water OCTOBER YTD BUDGET BUDGET Bud Var% OCTOBER YTD VARIANCE Actual Var%
<br /> AMORTIZATION OF DEBT DISCOU (554) (2,216) 0 0 0 0 0 (2,216) 0
<br /> Total For Interest Expense: 4,483 23,934 11,356 13,459 111 1,893 19.727 4,207 21
<br /> Other Operating Expense
<br /> LOSS ON DISPOSITION OF PROP(C 0 0 0 0 0 0 18 (18) (100)
<br /> DAM MAINTENANCE EXPENSE 256 (411) 833 1,000 (149) 231 1,663 (2,075) (125)
<br /> PENSION EXPENSE 0 0 0 20,500 0 0 0 0 0
<br /> OPEB EXPENSE 0 (44,525) 0 20,000 0 0 0 (44,525) 0
<br /> OTHER INTEREST EXPENSE 182 (609) 0 0 0 0 0 (609) 0
<br /> INTEREST EXPENSE-METER DEP 2 22 416 500 (95) 34 339 (317) (94)
<br /> RENTAL PROPERTY EXPENSE 0 0 0 0 0 0 1,426 (1,426) (100)
<br /> Total For Other Operating Expense: 440 (45,524) 1,250 42,000 (3,742) 266 3,448 (48,972) (1,420)
<br /> Customer Accounts Expense
<br /> METER READING EXPENSE 190 1,937 2,083 2,500 (7) 201 1.774 162 9
<br /> MISC CUSTOMER ACCOUNTS EXP 6.284 58,252 54,166 65,000 8 5.125 54.270 3,982 7
<br /> BAD DEBT EXPENSE&RECOVER 0 0 833 1,000 (100) 0 0 0 0
<br /> Total For Customer Accounts Expense: 6,474 60,190 57,083 68,500 5 5,327 56,044 4,145 7
<br /> Administrative Expense
<br /> SALARIES OFFICE&COMMISSION 19.322 194,040 175,833 211,000 10 18,498 169,045 24,995 15
<br /> SALARIES COVID-19 0 1,791 0 0 0 0 30,762 (28,971) (94)
<br /> TEMPORARY STAFFING 0 0 833 1,000 (100) 0 0 0 0
<br /> OFFICE SUPPLIES 3,749 21,881 34,375 41,250 (36) 1,189 24,494 (2,613) (11)
<br /> ELECTRIC&WATER CONSUMPTI 488 5,262 6,666 8,000 (21) 508 5.541 (278) (5)
<br /> BANK FEES 44 482 583 700 (17) 43 483 0 0
<br /> LEGAL FEES 501 4,301 6,666 8,000 (35) 412 6,950 (2,649) (38)
<br /> AUDITING FEES 353 3,533 3,750 4,500 (6) 345 3,290 243 7
<br /> INSURANCE 2,217 21,290 21,666 26,000 (2) 2,130 20,253 1,036 5
<br /> UTILITY SHARE-DEFERRED COM 1,629 15,538 16,666 20,000 (7) 699 11,660 3,878 33
<br /> UTILITY SHARE-MEDICAL/DENT 14,070 161,905 177,946 208,500 (9) 10,795 129,439 32,465 25
<br /> UTILITY SHARE-PERA 4,138 40,802 38,333 46,000 6 3,569 32,999 7,803 24
<br /> UTILITY SHARE-FICA 3,901 39,191 37,500 45,000 5 3,422 31,368 7,822 25
<br /> EMPLOYEE SICK PAY 2,782 20,358 25,000 30,000 (19) 1,308 16,196 4,162 26
<br /> EMPLOYEE HOLIDAY PAY 0 14,309 15,272 28,000 (6) 0 10,602 3,706 35
<br /> EMPLOYEE VACATION&PTO PA 3,998 34,967 34,362 40,000 2 2,693 30,822 4,144 13
<br /> UPMIC DISTRIBUTION 0 8,010 7,875 10,500 2 0 6,193 1,817 29
<br /> WELLHEAD PROTECTION 0 1,888 20,000 20,000 (91) 0 0 1.888 0
<br /> 70
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