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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />2023 ELECTRIC BUDGET
<br />2023 Annual
<br />2022 Annual
<br />2021 Annual
<br />Electric
<br />Budget
<br />Budget
<br />Actual
<br />550.5053
<br />LANDFILL GAS PLANT INSURANCE
<br />-
<br />19,950
<br />19,389
<br />550.5054
<br />LANDFILL GAS PLANT MTCE
<br />650
<br />2,763
<br />Total for Landfill Gas:
<br />-
<br />613,131
<br />742,722
<br />Transmission
<br />Expense
<br />560.562
<br />TRANSMISSION MTCE AND EXPENSE
<br />70,000
<br />66,700
<br />67,470
<br />Total for Transmission Expense:
<br />70,000
<br />66,700
<br />67,471
<br />Distribution Expense
<br />580.5801
<br />REMOVE EXISTING SERVICE & METERS
<br />1,050
<br />2,500
<br />397
<br />580.5821
<br />SCADA EXPENSE
<br />44,000
<br />44,000
<br />42,351
<br />580.5831
<br />TRANSFORMER EXPENSE OH & URD
<br />15,000
<br />13,000
<br />16,107
<br />580.5851
<br />MTCE OF SIGNAL SYSTEMS
<br />2,000
<br />2,000
<br />1,350
<br />580.5861
<br />METER EXPENSE - REMOVE & RESET
<br />1,500
<br />1,000
<br />1,495
<br />580.5871
<br />TEMP SERVICE - INSTALL & REMOVE
<br />3,500
<br />2,000
<br />2,586
<br />580.5881
<br />MISC DISTRIBUTION EXPENSE
<br />300,000
<br />280,000
<br />243,531
<br />580.589
<br />INTERCONNECTION CARRYING CHARGE
<br />2,416
<br />2,416
<br />2,416
<br />Total for Distribution Expense:
<br />369,466
<br />346,916
<br />310,235
<br />Maintenance
<br />Expense
<br />590.5911
<br />MTCE OF STRUCTURES
<br />30,000
<br />30,000
<br />25,034
<br />590.5921
<br />MTCE OF SUBSTATIONS
<br />35,000
<br />26,000
<br />12,180
<br />590.5922
<br />MTCE OF SUBSTATION EQUIPMENT
<br />77,000
<br />69,000
<br />72,011
<br />590.5931
<br />MTCE OF OH LINES/TREE TRIM
<br />225,000
<br />225,000
<br />59,360 $1401, contractors
<br />590.5932
<br />MTCE OF OH LINES/STANDBY
<br />40,000
<br />36,000
<br />36,674
<br />590.5933
<br />MTCE OF OH PRIMARY
<br />170,000
<br />170,000
<br />152,255
<br />590.5941
<br />MTCE OF URD PRIMARY
<br />170,000
<br />165,000
<br />176,888
<br />590.5943
<br />LOCATE ELECTRIC LINES
<br />106,000
<br />105,100
<br />102,561
<br />590.5944
<br />LOCATE FIBER LINES
<br />1,000
<br />1,000
<br />308
<br />590.5951
<br />MTCE OF LINE TRANSFORMERS
<br />60,000
<br />60,000
<br />51,790
<br />590.5961
<br />MTCE OF STREET LIGHTING
<br />45,000
<br />45,000
<br />24,711
<br />590.5962
<br />MTCE OF SECURITY LIGHTING
<br />15,000
<br />10,000
<br />13,815
<br />590.5971
<br />MTCE OF METERS
<br />85,000
<br />80,000
<br />64,016
<br />590.5972
<br />VOLTAGE COMPLAINTS
<br />10,000
<br />10,000
<br />7,420
<br />590.5981
<br />SALARIES TRANSMISSION & DISTRIBUTION
<br />30,500
<br />30,000
<br />25,935
<br />590.5985
<br />ELECTRIC MAPPING
<br />95,000
<br />90,000
<br />79,158
<br />590.5991
<br />MTCE OF OH SECONDARY
<br />25,000
<br />25,000
<br />19,784
<br />590.5992
<br />MTCE OF URD SECONDARY
<br />60,000
<br />50,000
<br />47,085
<br />590.5995
<br />TRANSPORTATION EXPENSE
<br />245,000
<br />240,000
<br />221,526
<br />Total for Maintenance Expense:
<br />1,524,500
<br />1,467,100
<br />1,192,521
<br />Depreciation
<br />& Amortization
<br />595.8031
<br />DEPRECIATION
<br />2,552,700
<br />2,436,698
<br />2,289,550
<br />595.8032
<br />AMORTIZATION
<br />668,136
<br />668,135
<br />668,135
<br />Total for Depreciation & Amortization:
<br />3,220,836
<br />3,104,833
<br />2,957,685
<br />Interest Expense
<br />596.8071
<br />INTEREST EXPENSE - BONDS
<br />870,695
<br />906,275
<br />818,495
<br />596.8075
<br />INTEREST EXPENSE - DEFEASED BONDS
<br />-
<br />-
<br />(276)
<br />597.8281
<br />AMORTIZATION OF DEBT DISCOUNT
<br />(59,863)
<br />(60,766)
<br />(61,039)
<br />Total for Interest Expense:
<br />810,832
<br />845,509
<br />756,910
<br />Other Operating
<br />Expense
<br />597.8165
<br />EV CHARGING EXPENSE
<br />7,731
<br />4,240
<br />4,010
<br />597.8213
<br />LOSS ON DISPOSITION OF PROP (CAPITAL)
<br />15,500
<br />12,500
<br />45,213
<br />597.8263
<br />OTHER DONATIONS
<br />3,000
<br />3,000
<br />1,177
<br />597.8265
<br />MUTUALAID
<br />-
<br />-
<br />6,860
<br />597.8302
<br />PENSION EXPENSE
<br />45,000
<br />45,000
<br />(283,382)
<br />597.8303
<br />OPEB EXPENSE
<br />-
<br />-
<br />(208,273)
<br />597.8311
<br />OTHER INTEREST EXPENSE
<br />378
<br />-
<br />(980)
<br />597.8341
<br />INTEREST EXPENSE - METER DEPOSITS
<br />2,500
<br />2,000
<br />890
<br />Total for Other Operating Expense:
<br />74,109
<br />66,740
<br />(434,484)
<br />Customer Accounts Expense
<br />900.9021
<br />METER READING EXPENSE
<br />47,000
<br />42,100
<br />44,749
<br />900.903
<br />DISCONNECT/RECONNECT EXPENSE
<br />22,000
<br />16,100
<br />17,106
<br />900.9051
<br />MISC CUSTOMER ACCOUNTS EXPENSE UTILITY
<br />312,500
<br />272,000
<br />269,231 Customer satisfaction survey
<br />900.9061
<br />BAD DEBT EXPENSE & RECOVERY
<br />20,000
<br />20,000
<br />6,672
<br />Total for Customer Accounts Expense:
<br />401,500
<br />350,200
<br />337,760
<br />Administrative Expense
<br />920.92015ALARIES
<br />OFFICE & COMMISSION
<br />950,000
<br />860,000
<br />773,608 Admin Director
<br />920.92025ALARIES
<br />COVID-19
<br />-
<br />-
<br />21,040
<br />920.9205
<br />TEMPORARY STAFFING
<br />4,000
<br />4,000
<br />-
<br />920.9211
<br />OFFICE SUPPLIES
<br />107,000
<br />107,000
<br />74,004
<br />920.9212
<br />ELECTRIC & WATER CONSUMPTION - OFFICE
<br />29,000
<br />29,000
<br />24,641
<br />920.9213
<br />BANK FEES
<br />2,500
<br />2,500
<br />2,380
<br />920.9221
<br />LEGAL FEES
<br />40,000
<br />32,000
<br />22,855
<br />920.9231
<br />AUDITING FEES
<br />18,520
<br />18,040
<br />16,960
<br />920.9241
<br />INSURANCE
<br />186,000
<br />182,884
<br />152,429
<br />920.926
<br />UTILITY SHARE - DEFERRED COMP
<br />124,000
<br />123,500
<br />102,611
<br />920.9261
<br />UTILITY SHARE - MEDICAL/DENTAL/DISABIL
<br />858,481
<br />847,000
<br />759,627
<br />920.9262
<br />UTILITY SHARE - PERA
<br />288,000
<br />280,000
<br />263,991
<br />920.9263
<br />UTILITY SHARE - FICA
<br />280,000
<br />265,000
<br />253,522
<br />920.9264
<br />EMPLOYEE SICK PAY
<br />150,000
<br />133,025
<br />140,780
<br />920.9265
<br />EMPLOYEE HOLIDAY PAY
<br />157,500
<br />146,991
<br />152,302
<br />920.9266
<br />EMPLOYEE VACATION & PTO PAY
<br />250,000
<br />231,961
<br />226,253
<br />920.9267
<br />UPMIC DISTRIBUTION
<br />91,015
<br />60,000
<br />58,665
<br />920.929
<br />LONGEVITY PAY
<br />17,609
<br />-
<br />-
<br />72
<br />
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