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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 />Revenue
<br />Operating Revenue
<br /> Water Sales 431,002 1,394,668 1,325,684 573,393 1,589,4615 (12)2,444,916 (194,793)
<br />Total Operating Revenue 431,002 1,394,668 1,325,684 573,393 1,589,4615 (12)2,444,916 (194,793)
<br />Other Operating Revenue
<br /> Interest/Dividend Income 2,312 (28,076)21,000 3,456 15,697(234)(279)36,000 (43,773)
<br /> Customer Penalties 3,885 8,895 9,816 0 0(9)018,000 8,895
<br /> Connection Fees 410,754 1,217,379 280,000 71,894 380,482335 220480,000 836,897
<br /> Misc Revenue 24,914 172,783 210,774 24,341 166,950(18)3364,153 5,833
<br />Total Other Revenue 441,866 1,370,982 521,590 99,692 563,130163 143898,153 807,852
<br />Total Revenue 872,868 2,765,650 1,847,275 673,085 2,152,59150 283,343,069 613,059
<br />Expenses
<br /> Production Expense 5,366 51,127 43,750 5,960 140,65117 (64)75,000 (89,523)
<br /> Pumping Expense 53,914 331,536 328,416 45,768 305,6331 8563,000 25,902
<br /> Distribution Expense 32,162 179,095 195,775 46,722 182,628(9)(2)323,100 (3,533)
<br /> Depreciation & Amortization 91,685 645,432 661,105 94,832 671,187(2)(4)1,199,123 (25,755)
<br /> Interest Expense 3,279 24,158 24,158 3,563 10,4830 13039,720 13,674
<br /> Other Operating Expense 152 1,798 1,079 (1,154)(46,334)67 1041,850 48,132
<br /> Customer Accounts Expense 7,136 44,914 43,283 5,981 41,2384 974,200 3,676
<br /> Administrative Expense 59,923 531,440 562,340 56,632 525,710(5)1945,251 5,729
<br /> General Expense 520 5,136 7,379 4,711 10,233(30)(50)12,650 (5,097)
<br />Total Expenses(before Operating Transfers)254,140 1,814,639 1,867,287 263,018 1,841,433(3)(1)3,233,895 (26,793)
<br />Operating Transfer
<br /> Utilities & Labor Donated 0 0 875 782 878(100)(100)1,500 (878)
<br />Total Operating Transfer 0 0 875 782 878(100)(100)1,500 (878)
<br />Net Income Profit(Loss)618,728 951,010 (20,887)409,284 310,2794,653 207107,673 640,731
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