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ELK RIVER MUNICIPAL UTILITIES
<br /> ELK RIVER,MINNESOTA
<br /> 2022 WATER BUDGET
<br /> 2022 Annual 2021 Annual 2020 Annual
<br /> Water Budget Budget Actual
<br /> Depreciation&Amortization
<br /> 595.8031 DEPRECIATION 1,199,124 1,182,605 1,133,179
<br /> Total for Depreciation&Amortization: 1,199,124 1,182,605 1,133,179
<br /> Interest Expense
<br /> 596.8071 INTEREST EXPENSE-BONDS 46,371 14,288 24,344
<br /> 596.8075 INTEREST EXPENSE-DEFEASED BONDS - (829) (829)
<br /> 597.8281 AMORTIZATION OF DEBT DISCOUNT/PREMIUM (6,651) - -
<br /> Total for Interest Expense: 39,720 13,459 23,515
<br /> Other Operating Expense
<br /> 597.8213 LOSS ON DISPOSITION OF PROP(CAPITAL) - - 18
<br /> 597.8264 DAM MAINTENANCE EXPENSE 1,750 1,000 1,663
<br /> 597.8302 PENSION EXPENSE - 20,500 (39,408)
<br /> 597.8303 OPEB EXPENSE - 20,000 1,704
<br /> 597.8341 INTEREST EXPENSE-METER DEPOSITS 100 500 408
<br /> 597.84 RENTAL PROPERTY EXPENSE - - 1,426
<br /> Total for Other Operatin Expense: 1,850 42,000 (34,187)
<br /> Customer Accounts Expense
<br /> 900.9021 METER READING EXPENSE 2,500 2,500 2,321
<br /> 900.9051 MISC CUSTOMER ACCOUNTS EXPENSE UTILITY 71,200 65,000 64,188 added 1.2k for survey
<br /> 900.9061 BAD DEBT EXPENSE&RECOVERY 500 1,000 -
<br /> Total for Customer Accounts Expense: 74,200 68,500 66,509
<br /> Administrative Expense
<br /> 920.9201 SALARIES OFFICE&COMMISSION 235,000 211,000 204,641 GM
<br /> 920.9202 SALARIES COVID-19 - - 30,762
<br /> 920.9205 TEMPORARY STAFFING 1,000 1,000 -
<br /> 920.9211 OFFICE SUPPLIES 23,700 41,250 24,766
<br /> 920.9212 ELECTRIC&WATER CONSUMPTION-OFFICE 8,000 8,000 6,485
<br /> 920.9213 BANK FEES 700 700 615
<br /> 920.9221 LEGAL FEES 8,000 8,000 7,841
<br /> 920.9231 AUDITING FEES 4,510 4,500 4,140
<br /> 920.9241 INSURANCE 27,000 26,000 24,458
<br /> 920.926 UTILITY SHARE-DEFERRED COMP 28,000 20,000 12,487 GM
<br /> 920.9261 UTILITY SHARE-MEDICAL/DENTAL/DISABIL 217,000 208,500 159,305 GM
<br /> 920.9262 UTILITY SHARE-PERA 51,000 46,000 40,304 GM
<br /> 920.9263 UTILITY SHARE-FICA 49,000 45,000 38,423 GM
<br /> 920.9264 EMPLOYEE SICK PAY 30,000 30,000 19,527
<br /> 920.9265 EMPLOYEE HOLIDAY PAY 28,000 28,000 21,872
<br /> 920.9266 EMPLOYEE VACATION&PTO PAY 41,000 40,000 36,154
<br /> 920.9267 UPMIC DISTRIBUTION 11,000 10,500 7,886
<br /> 920.9268 WELLHEAD PROTECTION 20,000 20,000 - Wellhead protection plan amendment
<br /> 920.9291 CONSULTING FEES 20,000 13,500 13,254 GM Search,AMI Consultant
<br /> 920.9301 TELEPHONE 6,800 6,000 5,653
<br /> 920.9302 ADVERTISING 5,000 7,000 5,481
<br /> 920.9303 DUES&SUBSCRIPTIONS-FEES 73,616 80,328 67,117
<br /> 920.9305 SCHOOLS&MEETINGS 55,026 49,312 12,151
<br /> 920.9321 MTCE OF GENERAL PLANT&OFFICE HEATING 1,900 2,700 1,299
<br /> Total for Administrative Expense: 945,252 907,290 744,631
<br /> General Expense
<br /> 920.9269 CIP REBATES-RESIDENTIAL 4,500 4,500 3,830
<br /> 920.927 CIP REBATES-COMMERCIAL 500 500 1,000
<br /> 920.9272 CIP-MARKETING 500 500 40
<br /> 920.9273 CIP-LABOR 4,700 4,700 4,345
<br /> 920.9281 ENVIRONMENTAL COMPLIANCE 2,200 2,200 1,936
<br /> 920.9306 MISC GENERAL EXPENSE 250 1,250 21
<br /> Total for General Expense: 12,650 13,650 11,174
<br /> Total Expenses(before Operating Transfers)
<br /> 3,233,895 3,092,204 2,696,755
<br /> Operating Transfer
<br /> Utilities&Labor Donated
<br /> 597.8261 WATER&LABOR DONATED TO CITY 1,500 1,500 463
<br /> Total Operating Transfer
<br /> Total for Total Operating Transfer: 1,500 1,500 463
<br /> Net Income Profit(Loss) 107,674 (314,972) 1,349,294
<br /> 84
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