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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 SEPTEMBER 2022
<br />2022
<br />2022
<br />2022
<br />2022
<br />YTD
<br />ANNUAL
<br />2022 YTD
<br />2021
<br />2021
<br />YTD
<br />2021 v. 2022
<br />Electric
<br />SEPTEMBER
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />SEPTEMBER
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />ELECTRIC MAPPING
<br />5,266
<br />67,539
<br />67,500
<br />90,000
<br />0
<br />7,325
<br />60,563
<br />6,976
<br />12
<br />MTCE OF OH SECONDARY
<br />3,441
<br />16,085
<br />18,749
<br />25,000
<br />(14)
<br />3,615
<br />16,568
<br />(482)
<br />(3)
<br />MTCE OF URD SECONDARY
<br />6,513
<br />48,856
<br />37,500
<br />50,000
<br />30
<br />6,515
<br />37,093
<br />11,763
<br />32
<br />TRANSPORTATION EXPENSE
<br />28,612
<br />216,143
<br />180,000
<br />240,000
<br />20
<br />9,284
<br />179,682
<br />36,460
<br />20
<br />Total For Maintenance Expense:
<br />116,282
<br />1,118,673
<br />1,111,574
<br />1,467,100
<br />1
<br />83,312
<br />938,039
<br />180,633
<br />19
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />194,061
<br />1,747,494
<br />1,750,954
<br />2,436,698
<br />0
<br />191,522
<br />1,713,349
<br />34,144
<br />2
<br />AMORTIZATION
<br />55,677
<br />501,101
<br />501,101
<br />668,135
<br />0
<br />55,677
<br />501,101
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />249,738
<br />2,248,595
<br />2,252,055
<br />3,104,833
<br />0
<br />247,200
<br />2,214,451
<br />34,144
<br />2
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />74,413
<br />683,835
<br />683,835
<br />906,275
<br />0
<br />79,906
<br />578,775
<br />105,060
<br />18
<br />INTEREST EXPENSE - DEFEASED
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />(276)
<br />276
<br />100
<br />AMORTIZATION OF DEBT DISCOU
<br />(4,988)
<br />(45,800)
<br />(45,574)
<br />(60,765)
<br />0
<br />(5,892)
<br />(43,632)
<br />(2,167)
<br />(5)
<br />Total For Interest Expense:
<br />69,424
<br />638,035
<br />638,261
<br />845,509
<br />0
<br />74,014
<br />534,866
<br />103,168
<br />19
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />1,311
<br />5,128
<br />3,179
<br />4,240
<br />61
<br />332
<br />3,000
<br />2,128
<br />71
<br />LOSS ON DISPOSITION OF PROP (C
<br />0
<br />0
<br />9,375
<br />12,500
<br />(100)
<br />0
<br />45,213
<br />(45,213)
<br />(100)
<br />OTHER DONATIONS
<br />1,938
<br />3,483
<br />2,250
<br />3,000
<br />55
<br />125
<br />918
<br />2,565
<br />279
<br />MUTUAL AID
<br />8,994
<br />19,627
<br />0
<br />0
<br />0
<br />0
<br />6,860
<br />12,766
<br />186
<br />PENSION EXPENSE
<br />0
<br />0
<br />0
<br />45,000
<br />0
<br />0
<br />0
<br />0
<br />0
<br />OPEB EXPENSE
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />(208,273)
<br />208,273
<br />100
<br />OTHER INTEREST EXPENSE
<br />378
<br />3,754
<br />0
<br />0
<br />0
<br />730
<br />(3,170)
<br />6,924
<br />218
<br />INTEREST EXPENSE - METER DEP
<br />168
<br />1,490
<br />1,500
<br />2,000
<br />(1)
<br />74
<br />663
<br />827
<br />125
<br />Total For Other Operating Expense:
<br />12,790
<br />33,483
<br />16,305
<br />66,740
<br />105
<br />1,261
<br />(154,788)
<br />188,272
<br />122
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />4,519
<br />36,429
<br />31,574
<br />42,100
<br />15
<br />3,670
<br />33,163
<br />3,266
<br />10
<br />DISCONNECT/RECONNECT EXPEN
<br />3,858
<br />19,898
<br />12,075
<br />16,100
<br />65
<br />2,376
<br />12,971
<br />6,927
<br />53
<br />MISC CUSTOMER ACCOUNTS EXP
<br />30,717
<br />225,480
<br />204,000
<br />272,000
<br />11
<br />24,036
<br />200,500
<br />24,980
<br />12
<br />BAD DEBT EXPENSE & RECOVER
<br />456
<br />7,502
<br />15,000
<br />20,000
<br />(50)
<br />531
<br />4,981
<br />2,521
<br />51
<br />Total For Customer Accounts Expense:
<br />39,551
<br />289,311
<br />262,650
<br />350,200
<br />10
<br />30,615
<br />251,615
<br />37,695
<br />15
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />69,743
<br />598,289
<br />645,000
<br />860,000
<br />(7)
<br />67,691
<br />603,996
<br />(5,706)
<br />(1)
<br />SALARIES COVID-19
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />21,040
<br />(21,040)
<br />(100)
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />2,999
<br />4,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />4,755
<br />53,094
<br />80,250
<br />107,000
<br />(34)
<br />4,631
<br />52,836
<br />257
<br />0
<br />
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