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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 & WATER CONSUMPTI 2,264 14,3242,619 16,91614,546 (14)229,000 221 <br />BANK FEES 206 1,3571431,4581,084 (26)(20)2,500 (273) <br />LEGAL FEES 1,400 14,0371,689 18,66618,129 (3)2932,000 4,091 <br />AUDITING FEES 893 9,8931,503 10,52310,523 0 618,040 630 <br />INSURANCE 13,066 91,70514,239 106,682105,680 (1)15182,884 13,974 <br />UTILITY SHARE - DEFERRED COM 6,899 76,2876,978 72,04182,349 14 8123,500 6,062 <br />UTILITY SHARE - MEDICAL/DENT 52,956 492,01458,495 542,416537,218 (1)9847,000 45,203 <br />UTILITY SHARE - PERA 23,115 152,55822,435 163,333158,219 (3)4280,000 5,660 <br />UTILITY SHARE - FICA 22,223 146,87821,848 154,583153,142 (1)4265,000 6,264 <br />EMPLOYEE SICK PAY 8,430 73,26911,681 77,59789,372 15 22133,025 16,102 <br />EMPLOYEE HOLIDAY PAY 13,005 63,13913,585 66,81452,519 (21)(17)146,991 (10,620) <br />EMPLOYEE VACATION & PTO PA 16,155 138,66021,198 144,246152,471 6 10231,961 13,811 <br />UPMIC DISTRIBUTION 0 26,091030,00021,815 (27)(16)60,000 (4,276) <br />LONGEVITY PAY 0 0001,550 0 001,550 <br />CONSULTING FEES 1,850 25,06249232,08354,690 70 11855,000 29,628 <br />TELEPHONE 2,825 17,19956818,25818,092 (1)531,300 893 <br />ADVERTISING 340 7,4841,085 7,5838,814 16 1813,000 1,330 <br />DUES & SUBSCRIPTIONS - FEES 10,628 177,19510,697 76,04670,011 (8)(60)130,365 (107,184) <br />SCHOOLS & MEETINGS 6,002 60,7577,860 122,200103,843 (15)71224,212 43,085 <br />MTCE OF GENERAL PLANT & OFFI 596 4,1756094,3754,266 (2)27,500 90 <br />265,834 2,152,555 2,232,243 243,592 2,118,728(4)2Total For Administrative Expense:3,784,278 33,826 <br /> General Expense <br />CIP REBATES - RESIDENTIAL 6,581 24,4405,335 33,77929,687 (12)2157,907 5,247 <br />CIP REBATES - COMMERCIAL 32,424 43,7221,260 135,45062,386 (54)43232,200 18,664 <br />CIP - ADMINISTRATION 424 3,2943,653 49,7586,241 (87)8985,301 2,946 <br />CIP - MARKETING 2,308 20,0553,364 27,41617,608 (36)(12)47,000 (2,447) <br />CIP - LABOR 11,303 85,57911,202 58,63284,948 45 (1)100,512 (631) <br />CIP REBATES - LOW INCOME 0 6,635010,7914,185 (61)(37)18,500 (2,450) <br />CIP - LOW INCOME LABOR 774 6,2097425,6876,073 7 (2)9,750 (136) <br />ENVIRONMENTAL COMPLIANCE 3,095 18,7152,906 18,19618,196 0 (3)34,000 (519) <br />MISC GENERAL EXPENSE (3)5,908(2)1,458148 (90)(97)2,500 (5,760) <br />28,463 229,474 341,171 56,907 214,562(33)7Total For General Expense:587,670 14,911 <br /> Total Expenses(before Operating Transfers) <br />3,975,597 21,845,5234,369,334 22,356,88024,909,842 11 1438,542,498 3,064,318 <br />Operating Transfer 79