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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENLJES, EXPENSES AND CHANGES IN NET POSITION
<br />FOR PERIOD ENDING MAY 2022
<br />2022 2022
<br />2022 2022 YTD ANNLJAL 2022 YTD 2021 2021 YTD 2021 v. 2022
<br />Electric MAY YTD BUDGET BUDGET Bud Var% MAY YTD VARIANCE Actual Var%
<br />ELECTRIC MAPPING 5,208 45,221 37,500 9Q000 21 4,461 36,568 8,652 24
<br />MTCE OF OH SECONDARY 1,711 6,046 1 Q416 25,000 (42) 1,816 6,279 (233) (4)
<br />MTCE OF URD SECONDARY 4,658 19,378 2Q833 SQ000 (7) 2,829 16,708 2,670 16
<br />TRANSPORTATIONEXPENSE 16,514 126,297 1OQ000 24Q000 26 17,148 124,077 2,220 2
<br />Total For Maintenance Expense: 123,387 628,214 693,541 1,467,100 (9) 9Q071 565,201 63,013 11
<br />Depreciation & Amortization
<br />DEPRECIATION 192,724 970,088 97Q277 2,436,698 0 191,128 948,091 21,997 2
<br />AMORTIZATION 55,677 278,389 278,389 668,135 0 55,677 278,389 0 0
<br />Total For Depreciation & Amortization: 248,402 1,248,478 1,248,666 3,104,833 0 246,806 1,226,481 21,997 2
<br />Interest E;cpense
<br />INTERESTEXPENSE-BONDS 75,850 383,308 383,308 906,275 0 52,045 262,395 120,913 46
<br />INTEREST EXPENSE - DEFEASED 0 0 0 0 0 (276) (1,381) 1,381 100
<br />AMORTIZATION OF DEBT DISCOU (4,988) (25,846) (25,319) (6Q765) (2) (4,012) (2Q063) (5,783) (29)
<br />Total For Interest Expense: 7Q862 357,462 357,989 845,509 0 47,756 24Q950 116,512 48
<br />Other Operating E;cpense
<br />EVCHARGINGEXPENSE 411 2,140 1,766 4,240 21 315 1,741 399 23
<br />LOSSONDISPOSITIONOFPROP(C 0 0 5,208 12,500 (100) 0 42,1ll (42,111) (100)
<br />OTHER DONATIONS 0 (9) 1,250 3,000 (101) 0 0 (9) 0
<br />MLJTUAL AID 8,756 8,756 0 0 0 0 0 8,756 0
<br />PENSION EXPENSE 0 0 0 45,000 0 0 0 0 0
<br />OTHER INTEREST EXPENSE 378 2,242 0 0 0 0 0 2,242 0
<br />INTEREST EXPENSE - METER DEP 166 823 833 2,000 (1) 73 367 456 125
<br />Total For Other Operating Expense: 9,711 13,953 9,058 66,740 54 389 44,220 (30,267) (68)
<br />Customer Accounts Expense
<br />METERREADINGEXPENSE 4,349 19,826 17,541 42,100 13 3,476 16,308 3,518 22
<br />DISCONNF,CT/RECONNF,CTEXPEN 1,990 8,116 6,708 16,100 21 956 5,926 2,189 37
<br />MISC CUSTOMER ACCOUNTS EXP 22,476 118,646 113,333 272,000 5 21,254 11 Q001 8,644 8
<br />BAD DEBT EXPENSE & RECOVER 144 2,783 8,333 2Q000 (67) 782 2,354 429 18
<br />Total For Customer Accounts Expense: 28,961 149,372 145,916 35Q200 2 26,469 134,591 14,781 11
<br />Administrative E;cpense
<br />SALARIES OFFICE & COMMISSION 67,776 319,273 358,333 86Q000 (11) 64,676 333,766 (14,492) (4)
<br />SALARIES COVID-19 0 0 0 0 0 0 21,040 (21,040) (100)
<br />TEMPORARY STAFFING 0 0 1,666 4,000 (100) 0 0 0 0
<br />OFFICE SUPPLIES 5,599 30,219 44,583 107,000 (32) 4,463 36,585 (6,365) (17)
<br />ELECTRIC & WATER CONSUMPTI 2,323 9,374 12,083 29,000 (22) 2,032 9,848 (473) (5)
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