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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 />BUDGETWater
<br />3,279 24,158 24,158 3,563 10,4830 130Total For Interest Expense:39,720 13,674
<br /> Other Operating Expense
<br />DAM MAINTENANCE EXPENSE 0 (667)53 1,0201,017 0 2531,750 1,684
<br />OPEB EXPENSE 0 (44,525)0 00 0 100044,525
<br />OTHER INTEREST EXPENSE (1,157)(1,157)94 0749 0 16501,906
<br />INTEREST EXPENSE - METER DEP 2 1545830(47)9410015
<br />152 1,798 1,079 (1,154)(46,334)67 104Total For Other Operating Expense:1,850 48,132
<br /> Customer Accounts Expense
<br />METER READING EXPENSE 212 1,3362081,4581,402 (4)52,500 66
<br />MISC CUSTOMER ACCOUNTS EXP 5,768 39,9026,927 41,53343,512 5 971,200 3,609
<br />BAD DEBT EXPENSE & RECOVER 0 002910(100)05000
<br />7,136 44,914 43,283 5,981 41,2384 9Total For Customer Accounts Expense:74,200 3,676
<br /> Administrative Expense
<br />SALARIES OFFICE & COMMISSION 17,806 134,31818,652 137,083131,846 (4)(2)235,000 (2,472)
<br />SALARIES COVID-19 0 1,7910000 (100)0 (1,791)
<br />TEMPORARY STAFFING 0 005830(100)01,000 0
<br />OFFICE SUPPLIES 619 14,12693913,8258,105 (41)(43)23,700 (6,021)
<br />ELECTRIC & WATER CONSUMPTI 566 3,5816544,6663,636 (22)28,000 55
<br />BANK FEES 45 35235408281(31)(20)700 (71)
<br />LEGAL FEES 350 3,0994224,6664,485 (4)458,000 1,386
<br />AUDITING FEES 223 2,4733752,6302,630 0 64,510 157
<br />INSURANCE 2,097 14,8782,860 15,75018,931 20 2727,000 4,053
<br />UTILITY SHARE - DEFERRED COM 1,517 11,1781,301 16,33315,137 (7)3528,000 3,958
<br />UTILITY SHARE - MEDICAL/DENT 14,996 118,74115,491 137,075139,816 2 18217,000 21,075
<br />UTILITY SHARE - PERA 4,212 28,1034,360 29,75030,454 2 851,000 2,351
<br />UTILITY SHARE - FICA 4,039 27,0624,199 28,58329,183 2 849,000 2,121
<br />EMPLOYEE SICK PAY 1,849 11,8711,690 17,50014,221 (19)2030,000 2,349
<br />EMPLOYEE HOLIDAY PAY 2,436 11,8522,552 12,7279,404 (26)(21)28,000 (2,447)
<br />EMPLOYEE VACATION & PTO PA 2,881 25,2523,336 26,00027,013 4 741,000 1,760
<br />UPMIC DISTRIBUTION 0 4,86405,5004,544 (17)(7)11,000 (319)
<br />WELLHEAD PROTECTION 0 0020,0004,724 (76)020,000 4,724
<br />CONSULTING FEES 0 19,29959511,66617,520 50 (9)20,000 (1,779)
<br />TELEPHONE 698 3,8991423,9664,320 9 116,800 420
<br />ADVERTISING 85 2,2492712,9162,075 (29)(8)5,000 (174)
<br />DUES & SUBSCRIPTIONS - FEES 1,253 72,2461,204 37,50041,393 10 (43)73,615 (30,852)83
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