|
ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
<br />FOR PERIOD ENDING DECEMBER 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 />DECEMBER
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />DECEMBER
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />SALARIES TRANSMISSION & DIST
<br />2,388
<br />28,316
<br />30,000
<br />30,000
<br />(6)
<br />2,181
<br />25,935
<br />2,381
<br />9
<br />ELECTRIC MAPPING
<br />17,704
<br />97,145
<br />90,000
<br />90,000
<br />8
<br />8,233
<br />79,158
<br />17,986
<br />23
<br />MTCE OF OH SECONDARY
<br />1,603
<br />21,753
<br />25,000
<br />25,000
<br />(13)
<br />866
<br />19,784
<br />1,968
<br />10
<br />MTCE OF URD SECONDARY
<br />2,229
<br />57,283
<br />50,000
<br />50,000
<br />15
<br />1,899
<br />47,085
<br />10,198
<br />22
<br />TRANSPORTATION EXPENSE
<br />29,895
<br />287,676
<br />240,000
<br />240,000
<br />20
<br />16,741
<br />221,526
<br />66,149
<br />30
<br />Total For Maintenance Expense:
<br />150,218
<br />1,511,286
<br />1,467,100
<br />1,467,100
<br />3
<br />79,716
<br />1,192,521
<br />318,765
<br />27
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />209,248
<br />2,364,532
<br />2,436,698
<br />2,436,698
<br />(3)
<br />191,645
<br />2,289,550
<br />74,982
<br />3
<br />AMORTIZATION
<br />55,677
<br />668,135
<br />668,135
<br />668,135
<br />0
<br />55,677
<br />668,135
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />264,926
<br />3,032,667
<br />3,104,833
<br />3,104,833
<br />(2)
<br />247,323
<br />2,957,685
<br />74,982
<br />3
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />74,413
<br />907,074
<br />906,275
<br />906,275
<br />0
<br />79,906
<br />818,495
<br />88,579
<br />11
<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 />(60,765)
<br />(60,765)
<br />(60,765)
<br />0
<br />(5,892)
<br />(61,309)
<br />543
<br />1
<br />Total For Interest Expense:
<br />69,424
<br />846,308
<br />845,509
<br />845,509
<br />0
<br />74,014
<br />756,909
<br />89,399
<br />12
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />411
<br />6,552
<br />4,240
<br />4,240
<br />55
<br />343
<br />4,010
<br />2,541
<br />63
<br />LOSS ON DISPOSITION OF PROP (C
<br />36,600
<br />36,600
<br />12,500
<br />12,500
<br />193
<br />0
<br />45,213
<br />(8,613)
<br />(19)
<br />OTHER DONATIONS
<br />209
<br />3,891
<br />3,000
<br />3,000
<br />30
<br />258
<br />1,177
<br />2,714
<br />231
<br />DAM MAINTENANCE EXPENSE
<br />0
<br />29
<br />0
<br />0
<br />0
<br />0
<br />0
<br />29
<br />0
<br />MUTUAL AID
<br />3,717
<br />40,408
<br />0
<br />0
<br />0
<br />0
<br />6,860
<br />33,547
<br />489
<br />PENSION EXPENSE
<br />0
<br />0
<br />45,000
<br />45,000
<br />(100)
<br />(283,382)
<br />(283,382)
<br />283,382
<br />100
<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 />4,888
<br />0
<br />0
<br />0
<br />730
<br />(980)
<br />5,868
<br />598
<br />INTEREST EXPENSE - METER DEP
<br />168
<br />1,995
<br />2,000
<br />2,000
<br />0
<br />76
<br />890
<br />1,105
<br />124
<br />Total For Other Operating Expense:
<br />41,485
<br />94,365
<br />66,740
<br />66,740
<br />41
<br />(281,973)
<br />(434,484)
<br />528,849
<br />122
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />5,434
<br />49,300
<br />42,100
<br />42,100
<br />17
<br />3,406
<br />44,749
<br />4,551
<br />10
<br />DISCONNECT/RECONNECT EXPEN
<br />1,595
<br />23,546
<br />16,100
<br />16,100
<br />46
<br />1,905
<br />17,106
<br />6,440
<br />38
<br />MISC CUSTOMER ACCOUNTS EXP
<br />23,962
<br />305,794
<br />272,000
<br />272,000
<br />12
<br />22,134
<br />269,231
<br />36,562
<br />14
<br />BAD DEBT EXPENSE & RECOVER
<br />(17)
<br />12,993
<br />20,000
<br />20,000
<br />(35)
<br />(116)
<br />6,672
<br />6,320
<br />95
<br />Total For Customer Accounts Expense:
<br />30,976
<br />391,634
<br />350,200
<br />350,200
<br />12
<br />27,331
<br />337,759
<br />53,874
<br />16
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />SALARIES COVID-19
<br />64,436 804,086 860,000 860,000
<br />0 0 0 0
<br />76
<br />(7) 40,728 773,608 30,478 4
<br />0 0 21,040 (21,040) (100)
<br />
|