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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 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 />Water
<br />DECEMBER
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />DECEMBER
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />INTEREST EXPENSE - BONDS
<br />3,666
<br />46,371
<br />46,371
<br />46,371
<br />0
<br />5,037
<br />36,296
<br />10,074
<br />28
<br />INTEREST EXPENSE - DEFEASED
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />(69)
<br />69
<br />100
<br />AMORTIZATION OF DEBT DISCOU
<br />(554)
<br />(6,650)
<br />(6,651)
<br />(6,651)
<br />0
<br />(554)
<br />(3,325)
<br />(3,325)
<br />100
<br />Total For Interest Expense:
<br />3,112
<br />39,720
<br />39,720
<br />39,720
<br />0
<br />4,483
<br />32,902
<br />6,818
<br />21
<br />Other Operating Expense
<br />LOSS ON DISPOSITION OF PROP (C
<br />9,150
<br />9,150
<br />0
<br />0
<br />0
<br />662
<br />662
<br />8,487
<br />1,282
<br />DAM MAINTENANCE EXPENSE
<br />71
<br />1,555
<br />1,750
<br />1,750
<br />(11)
<br />0
<br />(393)
<br />1,948
<br />495
<br />PENSION EXPENSE
<br />0
<br />0
<br />0
<br />0
<br />0
<br />18,645
<br />18,645
<br />(18,645)
<br />(100)
<br />OPEB EXPENSE
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />(44,525)
<br />44,525
<br />100
<br />OTHER INTEREST EXPENSE
<br />94
<br />1,222
<br />0
<br />0
<br />0
<br />182
<br />(244)
<br />1,466
<br />599
<br />INTEREST EXPENSE - METER DEP
<br />4
<br />53
<br />100
<br />100
<br />(47)
<br />2
<br />26
<br />26
<br />96
<br />Total For Other Operating Expense:
<br />9,320
<br />11,980
<br />1,850
<br />1,850
<br />548
<br />19,492
<br />(25,830)
<br />37,810
<br />146
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />152
<br />2,347
<br />2,500
<br />2,500
<br />(6)
<br />175
<br />2,326
<br />20
<br />1
<br />MISC CUSTOMER ACCOUNTS EXP
<br />6,698
<br />78,909
<br />71,200
<br />71,200
<br />11
<br />5,760
<br />69,886
<br />9,023
<br />13
<br />BAD DEBT EXPENSE & RECOVER
<br />0
<br />28
<br />500
<br />500
<br />(94)
<br />0
<br />0
<br />28
<br />0
<br />Total For Customer Accounts Expense:
<br />6,851
<br />81,285
<br />74,200
<br />74,200
<br />10
<br />5,935
<br />72,212
<br />9,072
<br />13
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />19,458
<br />234,315
<br />235,000
<br />235,000
<br />0
<br />12,398
<br />224,435
<br />9,880
<br />4
<br />SALARIES COVID-19
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />1,791
<br />(1,791)
<br />(100)
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />1,000
<br />1,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />1,107
<br />14,648
<br />23,700
<br />23,700
<br />(38)
<br />554
<br />23,716
<br />(9,068)
<br />(38)
<br />ELECTRIC & WATER CONSUMPTI
<br />957
<br />7,397
<br />8,000
<br />8,000
<br />(8)
<br />465
<br />6,160
<br />1,237
<br />20
<br />BANK FEES
<br />31
<br />516
<br />700
<br />700
<br />(26)
<br />80
<br />607
<br />(91)
<br />(15)
<br />LEGAL FEES
<br />404
<br />6,629
<br />8,000
<br />8,000
<br />(17)
<br />399
<br />5,080
<br />1,549
<br />30
<br />AUDITING FEES
<br />375
<br />4,509
<br />4,510
<br />4,510
<br />0
<br />353
<br />4,240
<br />269
<br />6
<br />INSURANCE
<br />256
<br />30,952
<br />27,000
<br />27,000
<br />15
<br />(1,379)
<br />22,128
<br />8,823
<br />40
<br />UTILITY SHARE - DEFERRED COM
<br />890
<br />19,528
<br />28,000
<br />28,000
<br />(30)
<br />1,042
<br />17,722
<br />1,806
<br />10
<br />UTILITY SHARE - MEDICAL/DENT
<br />17,388
<br />223,594
<br />217,000
<br />217,000
<br />3
<br />13,871
<br />189,669
<br />33,925
<br />18
<br />UTILITY SHARE- PERA
<br />4,609
<br />53,758
<br />51,000
<br />51,000
<br />5
<br />4,237
<br />49,360
<br />4,397
<br />9
<br />UTILITY SHARE - FICA
<br />4,589
<br />51,807
<br />49,000
<br />49,000
<br />6
<br />4,074
<br />47,321
<br />4,486
<br />9
<br />EMPLOYEE SICK PAY
<br />1,774
<br />25,591
<br />30,000
<br />30,000
<br />(15)
<br />3,369
<br />26,235
<br />(643)
<br />(2)
<br />EMPLOYEE HOLIDAY PAY
<br />5,155
<br />24,827
<br />28,000
<br />28,000
<br />(11)
<br />6,717
<br />28,139
<br />(3,311)
<br />(12)
<br />EMPLOYEE VACATION & PTO PA
<br />3,582
<br />46,185
<br />41,000
<br />41,000
<br />13
<br />3,099
<br />41,535
<br />4,650
<br />11
<br />UPMIC DISTRIBUTION
<br />3,857
<br />13,761
<br />11,000
<br />11,000
<br />25
<br />3,265
<br />11,275
<br />2,486
<br />22
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