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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 />Revenue
<br />Operating Revenue
<br />Elk River
<br />3,204,270
<br />31,327,280
<br />30,784,531
<br />36,386,442
<br />2
<br />2,890,899
<br />29,604,065
<br />1,723,214
<br />6
<br />Otsego
<br />288,488
<br />2,821,515
<br />2,478,506
<br />2,915,332
<br />14
<br />232,936
<br />2,530,051
<br />291,463
<br />12
<br />Rural Big Lake
<br />15,791
<br />170,857
<br />179,766
<br />210,427
<br />(5)
<br />12,802
<br />164,612
<br />6,245
<br />4
<br />Dayton
<br />19,133
<br />210,857
<br />214,550
<br />250,448
<br />(2)
<br />16,589
<br />201,022
<br />9,835
<br />5
<br />Public St & Hwy Lighting
<br />21,671
<br />215,256
<br />208,333
<br />250,000
<br />3
<br />21,116
<br />209,718
<br />5,538
<br />3
<br />Other Electric Sales
<br />(111,314)
<br />1,311,928
<br />4,000
<br />4,800
<br />32,698
<br />400
<br />4,000
<br />1,307,928
<br />32,698
<br />Total Operating Revenue
<br />3,438,039
<br />36,057,695
<br />33,869,688
<br />40,017,450
<br />6
<br />3,174,744
<br />32,713,470
<br />3,344,225
<br />10
<br />Other Operating Revenue
<br />Interest/Dividend Income
<br />(15,570)
<br />(196,710)
<br />66,666
<br />80,000
<br />(395)
<br />4,475
<br />54,462
<br />(251,173)
<br />(461)
<br />Customer Penalties
<br />24,792
<br />237,775
<br />192,272
<br />235,000
<br />24
<br />0
<br />0
<br />237,775
<br />0
<br />LFG Project
<br />89,470
<br />849,853
<br />836,000
<br />836,000
<br />2
<br />81,650
<br />857,255
<br />(7,402)
<br />(1)
<br />Connection Fees
<br />25,467
<br />178,462
<br />180,000
<br />220,000
<br />(1)
<br />15,975
<br />218,975
<br />(40,512)
<br />(19)
<br />Misc Revenue
<br />156,473
<br />1,065,998
<br />737,500
<br />887,000
<br />45
<br />36,166
<br />930,297
<br />135,701
<br />15
<br />Total Other Revenue
<br />280,633
<br />2,135,379
<br />2,012,439
<br />2,258,000
<br />6
<br />138,267
<br />2,060,990
<br />74,389
<br />4
<br />Total Revenue
<br />3,718,673
<br />38,193,075
<br />35,882,127
<br />42,275,450
<br />6
<br />3,313,012
<br />34,774,460
<br />3,418,614
<br />10
<br />Expenses
<br />Purchased Power
<br />2,212,210
<br />27,087,318
<br />23,412,769
<br />27,017,920
<br />16
<br />2,393,971
<br />23,613,485
<br />3,473,833
<br />15
<br />Operating & Mtce Expense
<br />20,908
<br />200,469
<br />237,758
<br />291,500
<br />(16)
<br />13,812
<br />202,238
<br />(1,768)
<br />(1)
<br />Landfill Gas
<br />57,380
<br />553,776
<br />613,131
<br />613,131
<br />(10)
<br />59,637
<br />600,487
<br />(46,710)
<br />(8)
<br />Transmission Expense
<br />4,533
<br />54,030
<br />55,583
<br />66,700
<br />(3)
<br />4,700
<br />53,021
<br />1,009
<br />2
<br />Distribution Expense
<br />29,623
<br />300,959
<br />289,096
<br />346,916
<br />4
<br />16,587
<br />269,707
<br />31,251
<br />12
<br />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 />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 />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 />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 />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 />278,448
<br />3,054,299
<br />3,121,607
<br />3,784,278
<br />(2)
<br />275,881
<br />2,930,089
<br />124,209
<br />4
<br />General Expense
<br />43,757
<br />355,179
<br />488,733
<br />587,670
<br />(27)
<br />20,680
<br />310,183
<br />44,996
<br />15
<br />Total Expenses(before Operating Transfers)
<br />3,177,909
<br />36,465,180
<br />32,986,489
<br />38,542,498
<br />11
<br />3,233,359
<br />32,211,484
<br />4,253,695
<br />13
<br />Operating Transfer
<br />Operating Transfer/Other Funds
<br />128,871
<br />1,288,391
<br />1,231,381
<br />1,455,457
<br />5
<br />116,306
<br />1,190,857
<br />97,534
<br />8
<br />Utilities & Labor Donated
<br />20,517
<br />191,255
<br />191,666
<br />230,000
<br />0
<br />19,180
<br />186,082
<br />5,173
<br />3
<br />Total Operating Transfer
<br />149,389
<br />1,479,647
<br />1,423,047
<br />1,685,457
<br />4
<br />135,487
<br />1,376,939
<br />102,707
<br />7
<br />Net Income Profit(Loss)
<br />391,374
<br />248,247
<br />1,472,590
<br />2,047,494
<br />(83)
<br />(55,833)
<br />1,186,035
<br />(937,788)
<br />(79)
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