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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 /> Revenue
<br /> Operating Revenue
<br /> Water Sales 256,529 2,751,766 2,064,751 2,299,751 33 267,917 2,346,736 405,029 17
<br /> Total Operating Revenue 256,529 2,751,766 2,064,751 2,299,751 33 267,917 2,346,736 405,029 17
<br /> Other Operating Revenue
<br /> Interest/Dividend Income 883 23,393 32,500 39,000 (28) 1,749 30,727 (7,334) (24)
<br /> Customer Penalties 0 0 0 0 0 0 3,801 (3,801) (100)
<br /> Connection Fees 59,740 522,012 128,333 154,000 307 51,867 374,879 147,133 39
<br /> Misc Revenue 24,339 239,691 238,580 285,980 0 24,299 215,754 23,937 11
<br /> Total Other Revenue 84,963 785,097 399,414 478,980 97 77,916 625,162 159,934 26
<br /> Total Revenue 341,493 3,536,863 2,464,166 2,778,731 44 345,834 2,971,899 564,964 19
<br /> Expenses
<br /> Production Expense 5,321 161,086 51,000 61,200 216 6,524 43,528 117,558 270
<br /> Pumping Expense 33,996 426,831 442,499 531,000 (4) 35,086 374,247 52,583 14
<br /> Distribution Expense 28,297 252,901 230,483 272,500 10 18,813 219,931 32,970 15
<br /> Depreciation&Amortization 94,317 955,474 986,062 1,182,604 (3) 93,240 943,513 11,961 1
<br /> Interest Expense 4,483 23,934 11,356 13,459 111 1,893 19,727 4,207 21
<br /> Other Operating Expense 440 (45,524) 1,250 42,000 (3,742) 266 3,448 (48,972) (1,420)
<br /> Customer Accounts Expense 6,474 60,190 57,083 68,500 5 5,327 56,044 4,145 7
<br /> Administrative Expense 63,508 732,978 750,358 907,289 (2) 50,233 616,031 116,947 19
<br /> General Expense 445 10,368 11,375 13,650 (9) 746 10,275 92 1
<br /> Total Expenses(before Operating Transfers) 237,287 2,578,242 2,541,468 3,092,203 1 212,132 2,286,749 291,493 13
<br /> Operating Transfer
<br /> Utilities&Labor Donated 0 1,258 1,250 1,500 1 23 238 1,020 429
<br /> Total Operating Transfer 0 1,258 1,250 1,500 1 23 238 1,020 429
<br /> Net Income Profit(Loss) 104,206 957,361 (78,552) (314,972) 1,319 133,678 684,911 272,449 40
<br /> 56
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