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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 />BUDGETElectric
<br />ELECTRIC MAPPING 4,290 40,8588,603 45,00053,825 20 3290,000 12,966
<br />MTCE OF OH SECONDARY 2,713 8,9933,321 12,4999,368 (25)425,000 375
<br />MTCE OF URD SECONDARY 5,719 22,42714,603 25,00033,982 36 5250,000 11,554
<br />TRANSPORTATION EXPENSE 13,078 137,15623,764 120,000150,062 25 9240,000 12,905
<br />137,691 765,906 798,049 83,166 648,367(4)18Total For Maintenance Expense:1,467,100 117,538
<br /> Depreciation & Amortization
<br />DEPRECIATION 190,994 1,139,085193,125 1,162,8801,163,214 0 22,436,698 24,128
<br />AMORTIZATION 55,677 334,06755,677 334,067334,067 0 0668,135 0
<br />248,803 1,497,281 1,496,947 246,671 1,473,1530 2Total For Depreciation & Amortization:3,104,833 24,128
<br /> Interest Expense
<br />INTEREST EXPENSE - BONDS 80,677 343,07275,850 459,159459,159 0 34906,275 116,086
<br />INTEREST EXPENSE - DEFEASED 0 (1,381)0 00 0 10001,381
<br />AMORTIZATION OF DEBT DISCOU (5,892)(25,955)(4,988)(30,382)(30,834)(1)(19)(60,765)(4,879)
<br />70,862 428,324 428,776 74,785 315,7350 36Total For Interest Expense:845,509 112,589
<br /> Other Operating Expense
<br />EV CHARGING EXPENSE 300 2,0425942,1192,735 29 344,240 692
<br />LOSS ON DISPOSITION OF PROP (C 3,102 45,21306,2500 (100)(100)12,500 (45,213)
<br />OTHER DONATIONS 0 04721,500463 (69)03,000 463
<br />MUTUAL AID 0 01,876 010,632 0 0010,632
<br />PENSION EXPENSE 0 00000 045,000 0
<br />OPEB EXPENSE (208,273)(208,273)0 00 0 100 0 208,273
<br />OTHER INTEREST EXPENSE 0 037802,620 0 002,620
<br />INTEREST EXPENSE - METER DEP 73 4411661,000989 (1)1242,000 548
<br />3,487 17,441 10,870 (204,796)(160,576)60 111Total For Other Operating Expense:66,740 178,017
<br /> Customer Accounts Expense
<br />METER READING EXPENSE 4,216 20,5243,992 21,04923,819 13 1642,100 3,294
<br />DISCONNECT/RECONNECT EXPEN 1,983 7,9092,633 8,05010,750 34 3616,100 2,840
<br />MISC CUSTOMER ACCOUNTS EXP 22,105 132,10723,435 136,000142,081 4 8272,000 9,974
<br />BAD DEBT EXPENSE & RECOVER 318 2,67267010,0003,454 (65)2920,000 781
<br />30,732 180,105 175,100 28,623 163,2143 10Total For Customer Accounts Expense:350,200 16,891
<br /> Administrative Expense
<br />SALARIES OFFICE & COMMISSION 70,783 404,54969,468 430,000388,741 (10)(4)860,000 (15,808)
<br />SALARIES COVID-19 0 21,0400000 (100)0 (21,040)
<br />TEMPORARY STAFFING 0 001,9990 (100)04,000 0
<br />OFFICE SUPPLIES 3,727 40,3127,153 53,50037,373 (30)(7)107,000 (2,939)
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