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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 JULY 2022
<br />2022
<br />JULY
<br />2021
<br />JULY
<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 5,353 46,2123,041 52,50056,867 8 2390,000 10,654
<br />MTCE OF OH SECONDARY 1,826 10,8192,452 14,58311,821 (19)925,000 1,001
<br />MTCE OF URD SECONDARY 4,079 26,5072,384 29,16636,367 25 3750,000 9,859
<br />TRANSPORTATION EXPENSE 20,704 157,86117,424 140,000167,486 20 6240,000 9,625
<br />122,332 888,238 902,558 108,006 756,374(2)17Total For Maintenance Expense:1,467,100 131,864
<br /> Depreciation & Amortization
<br />DEPRECIATION 192,475 1,331,560194,816 1,359,3981,358,030 0 22,436,698 26,469
<br />AMORTIZATION 55,677 389,74555,677 389,745389,745 0 0668,135 0
<br />250,494 1,747,776 1,749,143 248,153 1,721,3060 2Total For Depreciation & Amortization:3,104,833 26,469
<br /> Interest Expense
<br />INTEREST EXPENSE - BONDS 75,889 418,96275,850 535,009535,009 0 28906,275 116,047
<br />INTEREST EXPENSE - DEFEASED 1,105 (276)0 00 0 1000276
<br />AMORTIZATION OF DEBT DISCOU (5,892)(31,847)(4,988)(35,446)(35,823)(1)(12)(60,765)(3,975)
<br />70,862 499,186 499,562 71,102 386,8380 29Total For Interest Expense:845,509 112,348
<br /> Other Operating Expense
<br />EV CHARGING EXPENSE 276 2,3194832,4733,218 30 394,240 898
<br />LOSS ON DISPOSITION OF PROP (C 0 45,21307,2910 (100)(100)12,500 (45,213)
<br />OTHER DONATIONS 647 6471,081 1,7501,545 (12)1393,000 898
<br />MUTUAL AID 6,860 6,8600010,632 0 5503,772
<br />PENSION EXPENSE 0 00000 045,000 0
<br />OPEB EXPENSE 0 (208,273)0 00 0 1000208,273
<br />OTHER INTEREST EXPENSE (4,630)(4,630)378 02,998 0 16507,628
<br />INTEREST EXPENSE - METER DEP 74 5151661,1661,155 (1)1242,000 640
<br />2,108 19,550 12,681 3,228 (157,347)54 112Total For Other Operating Expense:66,740 176,897
<br /> Customer Accounts Expense
<br />METER READING EXPENSE 4,236 24,7614,096 24,55827,915 14 1342,100 3,154
<br />DISCONNECT/RECONNECT EXPEN 1,574 9,4842,236 9,39112,986 38 3716,100 3,501
<br />MISC CUSTOMER ACCOUNTS EXP 22,015 154,12326,687 158,666168,769 6 10272,000 14,646
<br />BAD DEBT EXPENSE & RECOVER 270 2,9423,309 11,6666,763 (42)13020,000 3,820
<br />36,329 216,435 204,283 28,097 191,3126 13Total For Customer Accounts Expense:350,200 25,123
<br /> Administrative Expense
<br />SALARIES OFFICE & COMMISSION 61,416 465,96563,626 501,666452,368 (10)(3)860,000 (13,597)
<br />SALARIES COVID-19 0 21,0400000 (100)0 (21,040)
<br />TEMPORARY STAFFING 0 002,3330 (100)04,000 0
<br />OFFICE SUPPLIES (682)39,6304,474 62,41641,848 (33)6107,000 2,218
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