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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 /> Revenue
<br /> Operating Revenue
<br /> Elk River 2,890,899 29,604,065 29,337,578 34,369,210 1 3,000,536 28,431,979 1,172,086 4
<br /> Otsego 232,936 2,530,051 2,366,874 2,745,252 7 238,947 2,234,363 295,688 13
<br /> Rural Big Lake 12,802 164,612 169,329 196,078 (3) 15,572 161,260 3,352 2
<br /> Dayton 16,589 201,022 202,089 233,388 (1) 17,486 188,559 12,462 7
<br /> Public St&Hwy Lighting 21,116 209,718 203,333 244,000 3 20,929 208,318 1,399 1
<br /> Other Electric Sales 400 4,000 4,000 4,800 0 400 4,000 0 0
<br /> Total Operating Revenue 3,174,744 32,713,470 32,283,206 37,792,730 1 3,293,872 31,228,481 1,484,988 5
<br /> Other Operating Revenue
<br /> Interest/Dividend Income 4,475 54,462 58,333 70,000 (7) 6,999 121,272 (66,809) (55)
<br /> Customer Penalties 0 0 0 0 0 (12) 42,555 (42,555)
<br /> LFG Project 81,650 857,255 988,589 1,186,307 (13) 98,919 958,297 (101,042) (11((11)
<br /> )
<br /> Connection Fees 15,975 218,975 125,000 145,000 75 20,860 128,269 90,705 71
<br /> Misc Revenue 36,166 930,297 521,625 626,451 78 53,156 595,909 334,387 56
<br /> Total Other Revenue 138,267 2,060,990 1,693,548 2,027,758 22 179,923 1,846,304 214,685 12
<br /> Total Revenue 3,313,012 34,774,460 33,976,754 39,820,488 2 3,473,795 33,074,786 1,699,674 5
<br /> Expenses
<br /> Purchased Power 2,393,971 23,613,485 21,808,954 25,546,479 8 1,850,324 20,660,102 2,953,382 14
<br /> Operating&Mtce Expense 13,812 202,238 231,064 282,000 (12) 19,075 178,612 23,626 13
<br /> Landfill Gas 59,637 600,487 652,270 782,725 (8) 59,374 568,189 32,298 6
<br /> Transmission Expense 4,700 53,021 61,666 74,000 (14) 4,148 39,241 13,779 35
<br /> Distribution Expense 16,587 269,707 286,013 343,216 (6) 22,753 234,127 35,579 15
<br /> Maintenance Expense 94,012 1,032,052 1,109,583 1,331,500 (7) 77,165 974,676 57,376 6
<br /> 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 74,014 608,880 477,419 571,390 28 49,924 506,464 102,416 20
<br /> Other Operating Expense 1,142 (153,645) 27,625 160,150 (656) 1,810 21,166 (174,811) (826)
<br /> Customer Accounts Expense 30,528 282,143 286,666 344,000 (2) 30,575 292,447 (10,303) (4)
<br /> Administrative Expense 275,881 2,930,089 3,091,919 3,740,500 (5) 263,806 2,881,766 48,322 2
<br /> General Expense 20,680 310,183 485,368 582,701 (36) 26,738 317,487 (7,304) (2)
<br /> Total Expenses(before Operating Transfers) 3,233,359 32,211,484 31,081,970 36,864,171 4 2,648,141 29,084,078 3,127,406 11
<br /> Operating Transfer
<br /> Operating Transfer/Other Funds 116,306 1,190,857 1,173,503 1,374,768 1 120,691 1,143,862 46,995 4
<br /> Utilities&Labor Donated 19,180 186,082 191,666 230,000 (3) 28,776 196,286 (10,203) (5)
<br /> Total Operating Transfer 135,487 1,376,939 1,365,169 1,604,768 1 149,467 1,340,148 36,791 3
<br /> Net Income Profit(Loss) (55,833) 1,186,035 1,529,613 1,351,548 (22) 676,186 2,650,559 (1,464,523) (55)
<br /> 55
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