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Elk River Municipal Utilities
<br />Elk River, Minnesota
<br />Supplementary Information
<br />Schedule of Operating Revenues and Expenses (Continued)
<br />For the Year Ended December 31, 2021
<br />ElectricWaterTotal
<br />Operating Expenses (Continued)
<br />General and administrative
<br />Salaries$ 794,649$ 226,227$ 1,020,876
<br />Employee pensions and benefits 1,466,098 385,382 1,851,480
<br />Dues 202,047 97,402 299,449
<br />Office supplies and billing expense 74,005 23,717 97,722
<br />Office utilities and maintenance 31,956 7,989 39,945
<br />Consulting fees 27,704 20,813 48,517
<br />Legal and audit 39,815 9,320 49,135
<br />Environmental compliance 32,270 953 33,223
<br />Conservation improvement project 358,582 9,832 368,414
<br />Insurance 152,429 22,129 174,558
<br />Telephone 31,254 7,366 38,620
<br />Advertising 13,861 3,791 17,652
<br />Education and meetings 118,020 24,356 142,376
<br />Miscellaneous 7,951 5,198 13,149
<br />Total general and administrative 3,350,641 844,475 4,195,116
<br />Total Operating Expenses 37,625,842 3,145,098 40,770,940
<br />Operating Income (Loss) 3,135,102 (24,438) 3,110,664
<br />Nonoperating Revenues (Expenses)
<br />Interest income 52,514 24,677 77,191
<br />Miscellaneous revenue 635,764 292,330 928,094
<br />Interest expense and other (836,474) (65,296) (901,770)
<br />Gain/(loss) on sale of capital assets (45,214) (662) (45,876)
<br />Total Nonoperating
<br />Revenues (193,410) 251,049 57,639
<br />Income before Contributions and Transfers 2,941,692 226,611 3,168,303
<br />Capital Contributions -
<br />Connection Fees - 548,948 548,948
<br />Grants - 3,288 3 ,288
<br />Contributions from Developers - 552,920 552,920
<br />Contributions from Customers 385,316 - 385,316
<br />Transfers from Other City Funds - 195,245 195,245
<br />Transfers to Other City Funds (1,407,734) - (1,407,734)
<br />Total Contributions and Transfers (1,022,418) 1,300,401 277,983
<br />Change in Net Position 1,919,274 1,527,012 3,446,286
<br />Net Position, January 1 44,948,374 26,706,998 71,655,372
<br />Net Position, December 31$ 46,867,648$ 28,234,010$ 75,101,658
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