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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 JUNE 2022
<br />2022
<br />JUNE
<br />2021
<br />JUNE
<br />2022
<br />YTD
<br />2021
<br />YTD
<br />2022
<br /> YTD
<br />BUDGET
<br />2022 YTD
<br />Bud Var%
<br />2021 v. 2022
<br />Actual Var%
<br /> YTD
<br />VARIANCE
<br />2022
<br /> ANNUAL
<br />BUDGETWater
<br />Revenue
<br />Operating Revenue
<br /> Water Sales 288,571 963,665 895,147 308,664 1,016,0688 (5)2,444,916 (52,402)
<br />Total Operating Revenue 288,571 963,665 895,147 308,664 1,016,0688 (5)2,444,916 (52,402)
<br />Other Operating Revenue
<br /> Interest/Dividend Income (3,391)(30,388)18,000 3,187 12,240(269)(348)36,000 (42,629)
<br /> Customer Penalties 1,019 5,009 8,180 0 0(39)018,000 5,009
<br /> Connection Fees 145,246 806,625 240,000 55,650 308,587236 161480,000 498,037
<br /> Misc Revenue 25,202 147,869 180,340 24,036 142,609(18)4364,153 5,260
<br />Total Other Revenue 168,078 929,116 446,520 82,874 463,437108 100898,153 465,678
<br />Total Revenue 456,649 1,892,781 1,341,668 391,538 1,479,50541 283,343,069 413,276
<br />Expenses
<br /> Production Expense 5,882 45,761 37,500 6,611 134,69022 (66)75,000 (88,929)
<br /> Pumping Expense 39,079 277,621 281,499 55,108 259,864(1)7563,000 17,756
<br /> Distribution Expense 29,254 146,933 169,950 34,228 135,906(14)8323,100 11,026
<br /> Depreciation & Amortization 91,788 553,746 566,070 95,319 576,354(2)(4)1,199,123 (22,608)
<br /> Interest Expense 3,279 20,879 20,879 821 6,9200 20239,720 13,958
<br /> Other Operating Expense 152 1,645 924 (44,523)(45,179)78 1041,850 46,825
<br /> Customer Accounts Expense 6,275 37,778 37,099 6,010 35,2572 774,200 2,520
<br /> Administrative Expense 75,840 471,517 493,090 95,929 469,077(4)1945,251 2,439
<br /> General Expense 655 4,616 6,325 1,352 5,522(27)(16)12,650 (905)
<br />Total Expenses(before Operating Transfers)252,206 1,560,499 1,613,339 250,858 1,578,415(3)(1)3,233,895 (17,915)
<br />Operating Transfer
<br /> Utilities & Labor Donated 0 0 750 0 95(100)(100)1,500 (95)
<br />Total Operating Transfer 0 0 750 0 95(100)(100)1,500 (95)
<br />Net Income Profit(Loss)204,443 332,282 (272,420)140,680 (99,005)222 436107,673 431,287
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