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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 />Revenue
<br />Operating Revenue
<br /> Elk River 3,670,765 20,358,880 20,433,717 3,731,345 19,649,8900 436,386,442 708,989
<br /> Otsego 335,555 1,781,665 1,636,025 371,498 1,670,5829 72,915,332 111,083
<br /> Rural Big Lake 19,276 111,574 122,051 24,809 111,680(9)0210,427 (106)
<br /> Dayton 24,234 137,113 143,620 30,021 134,526(5)2250,448 2,587
<br /> Public St & Hwy Lighting 21,494 150,259 145,833 20,895 146,4863 3250,000 3,772
<br /> Other Electric Sales 132,847 1,365,459 2,800 400 2,80048,666 48,6664,800 1,362,659
<br />Total Operating Revenue 4,204,173 23,904,953 22,484,048 4,178,971 21,715,9676 1040,017,450 2,188,986
<br />Other Operating Revenue
<br /> Interest/Dividend Income 4,008 (134,270)46,666 3,780 39,259(388)(442)80,000 (173,530)
<br /> Customer Penalties 20,088 135,877 128,181 0 06 0235,000 135,877
<br /> LFG Project 92,775 576,999 585,200 87,930 595,697(1)(3)836,000 (18,698)
<br /> Connection Fees 16,575 103,795 124,000 48,800 169,000(16)(39)220,000 (65,205)
<br /> Misc Revenue 131,291 652,469 515,750 134,534 630,62427 3887,000 21,844
<br />Total Other Revenue 264,738 1,334,870 1,399,798 275,044 1,434,581(5)(7)2,258,000 (99,711)
<br />Total Revenue 4,468,911 25,239,823 23,883,846 4,454,016 23,150,5496 942,275,450 2,089,274
<br />Expenses
<br /> Purchased Power 3,512,076 18,383,179 15,572,935 3,110,114 15,793,62218 1627,017,920 2,589,556
<br /> Operating & Mtce Expense 18,479 140,570 171,833 15,531 153,206(18)(8)291,500 (12,636)
<br /> Landfill Gas 39,418 379,940 429,191 60,675 421,631(11)(10)613,131 (41,691)
<br /> Transmission Expense 5,246 38,476 38,908 6,041 35,559(1)866,700 2,917
<br /> Distribution Expense 17,689 214,458 202,367 24,146 209,7286 2346,916 4,729
<br /> Maintenance Expense 122,332 888,238 902,558 108,006 756,374(2)171,467,100 131,864
<br /> Depreciation & Amortization 250,494 1,747,776 1,749,143 248,153 1,721,3060 23,104,833 26,469
<br /> Interest Expense 70,862 499,186 499,562 71,102 386,8380 29845,509 112,348
<br /> Other Operating Expense 2,108 19,550 12,681 3,228 (157,347)54 11266,740 176,897
<br /> Customer Accounts Expense 36,329 216,435 204,283 28,097 191,3126 13350,200 25,123
<br /> Administrative Expense 265,834 2,152,555 2,232,243 243,592 2,118,728(4)23,784,278 33,826
<br /> General Expense 28,463 229,474 341,171 56,907 214,562(33)7587,670 14,911
<br />Total Expenses(before Operating Transfers)4,369,334 24,909,842 22,356,880 3,975,597 21,845,52311 1438,542,498 3,064,318
<br />Operating Transfer
<br /> Operating Transfer/Other Funds 147,531 847,552 817,348 142,023 782,7804 81,455,457 64,772
<br /> Utilities & Labor Donated 19,512 132,216 134,166 17,632 128,676(1)3230,000 3,540
<br />Total Operating Transfer 167,044 979,769 951,515 159,656 911,4573 71,685,457 68,312
<br />Net Income Profit(Loss)(67,466)(649,788)575,450 318,762 393,568(213)(265)2,047,494 (1,043,356)
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