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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 NOVEMBER 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 />NOVEMBER
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />NOVEMBER
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />ELECTRIC MAPPING
<br />6,435
<br />79,440
<br />82,500
<br />90,000
<br />(4)
<br />4,842
<br />70,924
<br />8,515
<br />12
<br />MTCE OF OH SECONDARY
<br />2,352
<br />20,150
<br />22,916
<br />25,000
<br />(12)
<br />1,194
<br />18,917
<br />1,232
<br />7
<br />MTCE OF URD SECONDARY
<br />1,608
<br />55,054
<br />45,833
<br />50,000
<br />20
<br />4,671
<br />45,186
<br />9,868
<br />22
<br />TRANSPORTATION EXPENSE
<br />24,799
<br />257,780
<br />220,000
<br />240,000
<br />17
<br />10,190
<br />204,784
<br />52,995
<br />26
<br />Total For Maintenance Expense:
<br />122,756
<br />1,361,068
<br />1,338,591
<br />1,467,100
<br />2
<br />80,752
<br />1,112,805
<br />248,263
<br />22
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />177,310
<br />2,155,283
<br />2,203,766
<br />2,436,698
<br />(2)
<br />191,843
<br />2,097,904
<br />57,378
<br />3
<br />AMORTIZATION
<br />55,677
<br />612,457
<br />612,457
<br />668,135
<br />0
<br />55,677
<br />612,457
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />232,988
<br />2,767,741
<br />2,816,223
<br />3,104,833
<br />(2)
<br />247,521
<br />2,710,362
<br />57,378
<br />2
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />74,413
<br />832,661
<br />832,661
<br />906,275
<br />0
<br />79,906
<br />738,588
<br />94,073
<br />13
<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 />(55,777)
<br />(55,702)
<br />(60,765)
<br />0
<br />(5,892)
<br />(55,417)
<br />(360)
<br />(1)
<br />Total For Interest Expense:
<br />69,424
<br />776,884
<br />776,959
<br />845,509
<br />0
<br />74,014
<br />682,895
<br />93,989
<br />14
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />507
<br />6,141
<br />3,886
<br />4,240
<br />58
<br />329
<br />3,667
<br />2,473
<br />67
<br />LOSS ON DISPOSITION OF PROP (C
<br />0
<br />0
<br />11,458
<br />12,500
<br />(100)
<br />0
<br />45,213
<br />(45,213)
<br />(100)
<br />OTHER DONATIONS
<br />0
<br />3,681
<br />2,750
<br />3,000
<br />34
<br />0
<br />918
<br />2,763
<br />301
<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 />0
<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 />4,510
<br />0
<br />0
<br />0
<br />730
<br />(1,710)
<br />6,220
<br />364
<br />INTEREST EXPENSE - METER DEP
<br />168
<br />1,826
<br />1,833
<br />2,000
<br />0
<br />75
<br />813
<br />1,012
<br />124
<br />Total For Other Operating Expense:
<br />1,053
<br />52,879
<br />19,928
<br />66,740
<br />165
<br />1,135
<br />(152,510)
<br />205,390
<br />135
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />3,278
<br />43,866
<br />38,591
<br />42,100
<br />14
<br />4,038
<br />41,342
<br />2,523
<br />6
<br />DISCONNECT/RECONNECT EXPEN
<br />1,893
<br />21,950
<br />14,758
<br />16,100
<br />49
<br />765
<br />15,200
<br />6,750
<br />44
<br />MISC CUSTOMER ACCOUNTS EXP
<br />28,608
<br />281,831
<br />249,333
<br />272,000
<br />13
<br />22,610
<br />247,097
<br />34,734
<br />14
<br />BAD DEBT EXPENSE & RECOVER
<br />83
<br />13,010
<br />18,333
<br />20,000
<br />(29)
<br />870
<br />6,788
<br />6,221
<br />92
<br />Total For Customer Accounts Expense:
<br />33,863
<br />360,658
<br />321,016
<br />350,200
<br />12
<br />28,284
<br />310,428
<br />50,230
<br />16
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />69,505
<br />739,650
<br />788,333
<br />860,000
<br />(6)
<br />61,847
<br />732,879
<br />6,770
<br />1
<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 />3,666
<br />4,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />
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