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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />2023 WATER BUDGET
<br />2023 Annual
<br />2022 Annual
<br />2021 Annual
<br />Water
<br />Budget
<br />Budget
<br />Actual
<br />Interest Expense
<br />596.8071 INTEREST EXPENSE -BONDS
<br />43,000
<br />46,371
<br />36,296
<br />596.8075INTEREST EXPENSE -DEFEASEDBONDS
<br />-
<br />-
<br />(69)
<br />597.8281 AMORTIZATION OF DEBT DISCOUNT/PREMIUM
<br />(6,651)
<br />(6,651)
<br />(3,325)
<br />Total for Interest Expense:
<br />36,349
<br />39,720
<br />32,902
<br />Other Operating Expense
<br />597.8213 LOSS ON DISPOSITION OF PROP (CAPITAL)
<br />500
<br />-
<br />662
<br />597.8264 DAM MAINTENANCE EXPENSE
<br />1,750
<br />1,750
<br />(393)
<br />597.8302 PENSION EXPENSE
<br />-
<br />-
<br />18,645
<br />597.8303 OPEB EXPENSE
<br />-
<br />-
<br />(44,525)
<br />597.8311 OTHER INTEREST EXPENSE
<br />95
<br />-
<br />(244)
<br />597.8341 INTEREST EXPENSE - METER DEPOSITS
<br />125
<br />100
<br />26
<br />597.84 RENTAL PROPERTY EXPENSE
<br />-
<br />-
<br />-
<br />Total for Other Operatin Expense:
<br />2,470
<br />1,850
<br />(25,830)
<br />Customer Accounts Expense
<br />900.9021 METER READING EXPENSE
<br />2,500
<br />2,500
<br />2,326
<br />900.9051 MISC CUSTOMER ACCOUNTS EXPENSE UTILITY
<br />81,620
<br />71,200
<br />69,886 Customer satisfaction survey
<br />900.9061 BAD DEBT EXPENSE & RECOVERY
<br />250
<br />500
<br />-
<br />Total for Customer Accounts Expense:
<br />84,370
<br />74,200
<br />72,213
<br />Administrative Expense
<br />920.9201 SALARIES OFFICE & COMMISSION
<br />268,500
<br />235,000
<br />224,435 Admin Director
<br />920.9202 SALARIESCOVID-19
<br />-
<br />-
<br />1,791
<br />920.9205 TEMPORARY STAFFING
<br />1,000
<br />1,000
<br />-
<br />920.9211 OFFICE SUPPLIES
<br />26,000
<br />23,700
<br />23,716
<br />920.9212 ELECTRIC & WATER CONSUMPTION - OFFICE
<br />8,000
<br />8,000
<br />6,160
<br />920.9213 BANK FEES
<br />625
<br />700
<br />607
<br />920.9221 LEGAL FEES
<br />9,000
<br />8,000
<br />5,080
<br />920.9231 AUDITING FEES
<br />4,630
<br />4,510
<br />4,240
<br />920.9241 INSURANCE
<br />36,000
<br />27,000
<br />22,128
<br />920.926 UTILITY SHARE -DEFERRED COMP
<br />30,500
<br />28,000
<br />17,722
<br />920.9261 UTILITY SHARE - MEDICAL/DENTAL/DISABIL
<br />225,003
<br />217,000
<br />189,669
<br />920.9262 UTILITY SHARE - PERA
<br />55,000
<br />51,000
<br />49,360
<br />920.9263 UTILITY SHARE - FICA
<br />53,000
<br />49,000
<br />47,321
<br />920.9264 EMPLOYEE SICK PAY
<br />27,000
<br />30,000
<br />26,235
<br />920.9265 EMPLOYEE HOLIDAY PAY
<br />30,800
<br />28,000
<br />28,139
<br />920.9266 EMPLOYEE VACATION & PTO PAY
<br />44,000
<br />41,000
<br />41,535
<br />920.9267 UPMIC DISTRIBUTION
<br />18,069
<br />11,000
<br />11,275
<br />920.929 LONGEVITY PAY
<br />3,416
<br />-
<br />-
<br />920.9268 WELLHEAD PROTECTION
<br />10,000
<br />20,000
<br />3,790 Wellhead protection plan amendment
<br />920.9291 CONSULTING FEES
<br />29,000
<br />20,000
<br />43,887
<br />920.9301 TELEPHONE
<br />9,500
<br />6,800
<br />7,365
<br />920.9302 ADVERTISING
<br />7,000
<br />5,000
<br />3,791
<br />920.9303 DUES & SUBSCRIPTIONS - FEES
<br />78,740
<br />73,616
<br />106,965
<br />920.9305 SCHOOLS & MEETINGS
<br />63,705
<br />55,026
<br />24,356
<br />920.9321 MTCE OF GENERAL PLANT & OFFICE HEATING
<br />1,900
<br />1,900
<br />1,828
<br />Total for Administrative Expense:
<br />1,040,387
<br />945,252
<br />891,406
<br />General Expense
<br />920.9269CIPREBATES -RESIDENTIAL
<br />10,500
<br />4,500
<br />5,279
<br />920.927CIPREBATES -COMMERCIAL
<br />500
<br />500
<br />-
<br />920.9272 CIP- MARKETING
<br />500
<br />500
<br />121
<br />920.9273 CIP - LABOR
<br />4,700
<br />4,700
<br />4,430
<br />920.9281 ENVIRONMENTAL COMPLIANCE
<br />2,200
<br />2,200
<br />952
<br />920.9306 MISC GENERAL EXPENSE
<br />250
<br />250
<br />805
<br />Total for General Expense:
<br />18,650
<br />12,650
<br />11,590
<br />Total Expenses (before Operating Transfers)
<br />3,396,813
<br />3,233,895
<br />3,209,798
<br />Operating Transfer
<br />Utilities & Labor Donated
<br />597.8261 WATER & LABOR DONATED TO CITY
<br />1,500
<br />1,500
<br />1,258
<br />Total Operating Transfer
<br />-
<br />Total for Total Operating Transfer:
<br />1,500
<br />1,500
<br />1,259
<br />Net Income Profit(Loss)
<br />51,784
<br />107,674
<br />1,527,010
<br />Total Expense
<br />3,398,313
<br />3,235,395
<br />Budget Change Year over Year
<br />5.0%
<br />75
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