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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 />3,279 20,879 20,879 821 6,9200 202Total For Interest Expense:39,720 13,958
<br /> Other Operating Expense
<br />DAM MAINTENANCE EXPENSE 0 (667)53 874964 10 2451,750 1,631
<br />OPEB EXPENSE (44,525)(44,525)0 00 0 100044,525
<br />OTHER INTEREST EXPENSE 0 09406550 00655
<br />INTEREST EXPENSE - METER DEP 2 1344926(46)10810013
<br />152 1,645 924 (44,523)(45,179)78 104Total For Other Operating Expense:1,850 46,825
<br /> Customer Accounts Expense
<br />METER READING EXPENSE 232 1,1232071,2491,194 (4)62,500 70
<br />MISC CUSTOMER ACCOUNTS EXP 5,778 34,1346,067 35,59936,584 3 771,200 2,449
<br />BAD DEBT EXPENSE & RECOVER 0 002500(100)05000
<br />6,275 37,778 37,099 6,010 35,2572 7Total For Customer Accounts Expense:74,200 2,520
<br /> Administrative Expense
<br />SALARIES OFFICE & COMMISSION 20,270 116,51220,075 117,499113,193 (4)(3)235,000 (3,318)
<br />SALARIES COVID-19 0 1,7910000 (100)0 (1,791)
<br />TEMPORARY STAFFING 0 004990(100)01,000 0
<br />OFFICE SUPPLIES 1,046 13,5061,461 11,8507,166 (40)(47)23,700 (6,340)
<br />ELECTRIC & WATER CONSUMPTI 553 3,0156374,0002,981 (25)(1)8,000 (33)
<br />BANK FEES 62 30732349245(30)(20)700 (62)
<br />LEGAL FEES 501 2,7496814,0004,063 2 488,000 1,313
<br />AUDITING FEES 375 2,2503752,2542,254 0 04,510 4
<br />INSURANCE 2,130 12,7804,982 13,50016,071 19 2627,000 3,290
<br />UTILITY SHARE - DEFERRED COM 1,365 9,6611,583 13,99913,835 (1)4328,000 4,173
<br />UTILITY SHARE - MEDICAL/DENT 12,769 103,74517,153 121,090124,325 3 20217,000 20,580
<br />UTILITY SHARE - PERA 4,060 23,8914,386 25,50026,093 2 951,000 2,202
<br />UTILITY SHARE - FICA 3,904 23,0234,213 24,49924,984 2 949,000 1,961
<br />EMPLOYEE SICK PAY 1,626 10,0222,068 15,00012,531 (16)2530,000 2,508
<br />EMPLOYEE HOLIDAY PAY 0 9,415010,1816,851 (33)(27)28,000 (2,563)
<br />EMPLOYEE VACATION & PTO PA 5,023 22,3712,895 23,00023,677 3 641,000 1,305
<br />UPMIC DISTRIBUTION 2,992 4,8642,344 5,5004,544 (17)(7)11,000 (319)
<br />WELLHEAD PROTECTION 0 0020,0004,724 (76)020,000 4,724
<br />CONSULTING FEES 9,344 19,2994,823 10,00016,924 69 (12)20,000 (2,374)
<br />TELEPHONE 692 3,2017273,4004,178 23 316,800 977
<br />ADVERTISING 179 2,1644152,5001,803 (28)(17)5,000 (360)
<br />DUES & SUBSCRIPTIONS - FEES 28,150 70,9925,757 36,00040,189 12 (43)73,615 (30,803)74
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