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Elk River Municipal Utilities
<br />Elk River, Minnesota
<br />Electric Fund
<br />Summary of Operations and Unaudited Statistics
<br />For the Years Ended December 31, 2012 through December 31, 2021
<br />Summary of Operations
<br />2012201320142015
<br />Operating Revenues
<br />Sales of electricity$ 30,070,045 $ 30,978,790 $ 3 1,514,246$ 3 2,704,279
<br />Other operating revenues (expenses) 188,645 (132,411) ( 147,561) ( 152,557)
<br />Total Operating Revenues 30,258,690 30,846,379 31,366,685 32,551,722
<br />Operating Expenses
<br />Purchased power 20,499,773 21,254,950 21,994,652 22,034,307
<br />Distribution 1,909,845 1,970,341 2,161,352 2,330,969
<br />Services to the City 481,907 498,146 530,340 520,727
<br />Depreciation 2,099,594 2,029,496 1,914,062 1,922,359
<br />Other operating expenses 2,359,193 2,374,959 2,791,717 3,087,792
<br />Total Operating Expenses 27,350,312 28,127,892 29,392,123 29,896,154
<br />Operating Income 2,908,378 2,718,487 1,974,562 2,655,568
<br />Capital Contributions - - - -
<br />Transfers to Other City Funds (816,864) (781,162) ( 797,835) ( 824,743)
<br />Special Item - - - -
<br />Nonoperating Revenues 28,531 (30,658) 152,375 267,243
<br />Net Income$ 2,120,045$ 1,906,667$ 1,329,102$ 2,098,068
<br />Percent of Change
<br />Sales of electricity7.800%3.022%1.728%3.776%
<br />Purchased power4.564%3.684%3.480%0.180%
<br />Percent of Revenues
<br />Purchased power67.748%68.906%70.121%67.690%
<br />Unaudited Statistics
<br />Miscellaneous
<br />2012201320142015
<br />kWh's purchased 287,553,108 290,025,919 2 88,320,724 2 94,441,957
<br />kWh's sold 273,455,846 273,945,354 2 74,546,059 2 82,265,268
<br />Line loss 14,097,262 16,080,565 13,774,665 12,176,689
<br />Percent of line loss4.902%5.545%4.778%4.136%
<br />Revenues Per kWh Sold$ 0.1100 $ 0.1131 $ 0 .1148$ 0 .1159
<br />Cost Per kWh Purchased$ 0.0713 $ 0.0733 $ 0 .0763$ 0 .0748
<br />Number of Customers 9,285 9,358 9,449 10,499
<br />Total Contribution/Transfers to City$ 816,864$ 781,162$ 797,835$ 824,743
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