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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 OCTOBER 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 />OCTOBER
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />OCTOBER
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />ELECTRIC MAPPING
<br />5,465
<br />73,004
<br />75,000
<br />90,000
<br />(3)
<br />5,519
<br />66,082
<br />6,922
<br />10
<br />MTCE OF OH SECONDARY
<br />1,711
<br />17,797
<br />20,833
<br />25,000
<br />(15)
<br />1,154
<br />17,723
<br />73
<br />0
<br />MTCE OF URD SECONDARY
<br />4,590
<br />53,446
<br />41,666
<br />50,000
<br />28
<br />3,421
<br />40,515
<br />12,931
<br />32
<br />TRANSPORTATION EXPENSE
<br />16,837
<br />232,981
<br />200,000
<br />240,000
<br />16
<br />14,911
<br />194,594
<br />38,386
<br />20
<br />Total For Maintenance Expense:
<br />119,639
<br />1,238,312
<br />1,216,083
<br />1,467,100
<br />2
<br />94,012
<br />1,032,052
<br />206,260
<br />20
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />230,479
<br />1,977,973
<br />1,977,387
<br />2,436,698
<br />0
<br />192,711
<br />1,906,061
<br />71,912
<br />4
<br />AMORTIZATION
<br />55,677
<br />556,779
<br />556,779
<br />668,135
<br />0
<br />55,677
<br />556,779
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />286,157
<br />2,534,753
<br />2,534,166
<br />3,104,833
<br />0
<br />248,389
<br />2,462,840
<br />71,912
<br />3
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />74,413
<br />758,248
<br />758,248
<br />906,275
<br />0
<br />79,906
<br />658,682
<br />99,566
<br />15
<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 />(50,788)
<br />(50,638)
<br />(60,765)
<br />0
<br />(5,892)
<br />(49,524)
<br />(1,264)
<br />(3)
<br />Total For Interest Expense:
<br />69,424
<br />707,459
<br />707,610
<br />845,509
<br />0
<br />74,014
<br />608,880
<br />98,578
<br />16
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />505
<br />5,634
<br />3,533
<br />4,240
<br />59
<br />337
<br />3,337
<br />2,296
<br />69
<br />LOSS ON DISPOSITION OF PROP (C
<br />0
<br />0
<br />10,416
<br />12,500
<br />(100)
<br />0
<br />45,213
<br />(45,213)
<br />(100)
<br />OTHER DONATIONS
<br />198
<br />3,681
<br />2,500
<br />3,000
<br />47
<br />0
<br />918
<br />2,763
<br />301
<br />DAM MAINTENANCE EXPENSE
<br />29
<br />29
<br />0
<br />0
<br />0
<br />0
<br />0
<br />29
<br />0
<br />MUTUAL AID
<br />17,062
<br />36,690
<br />0
<br />0
<br />0
<br />0
<br />6,860
<br />29,829
<br />435
<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 />4,132
<br />0
<br />0
<br />0
<br />730
<br />(2,440)
<br />6,572
<br />269
<br />INTEREST EXPENSE - METER DEP
<br />168
<br />1,658
<br />1,666
<br />2,000
<br />0
<br />75
<br />738
<br />920
<br />125
<br />Total For Other Operating Expense:
<br />18,342
<br />51,826
<br />18,116
<br />66,740
<br />186
<br />1,142
<br />(153,645)
<br />205,472
<br />134
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />4,157
<br />40,587
<br />35,083
<br />42,100
<br />16
<br />4,140
<br />37,303
<br />3,283
<br />9
<br />DISCONNECT/RECONNECT EXPEN
<br />158
<br />20,056
<br />13,416
<br />16,100
<br />49
<br />1,463
<br />14,434
<br />5,622
<br />39
<br />MISC CUSTOMER ACCOUNTS EXP
<br />27,742
<br />253,223
<br />226,666
<br />272,000
<br />12
<br />23,986
<br />224,486
<br />28,736
<br />13
<br />BAD DEBT EXPENSE & RECOVER
<br />5,424
<br />12,927
<br />16,666
<br />20,000
<br />(22)
<br />937
<br />5,918
<br />7,008
<br />118
<br />Total For Customer Accounts Expense:
<br />37,483
<br />326,795
<br />291,833
<br />350,200
<br />12
<br />30,528
<br />282,143
<br />44,651
<br />16
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />71,854
<br />670,144
<br />716,666
<br />860,000
<br />(6)
<br />67,035
<br />671,031
<br />(887)
<br />0
<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 />3,333
<br />4,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />
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