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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 JANUARY 2023
<br />2023
<br />2023
<br />2023
<br />2023
<br />YTD
<br />ANNUAL
<br />2023 YTD
<br />2022
<br />2022
<br />YTD
<br />2022 v. 2023
<br />Electric
<br />JANUARY
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />JANUARY
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />MTCE OF OH PRIMARY
<br />10,186
<br />10,186
<br />14,166
<br />170,000
<br />(28)
<br />8,738
<br />8,738
<br />1,447
<br />17
<br />MTCE OF URD PRIMARY
<br />8,593
<br />8,593
<br />14,166
<br />170,000
<br />(39)
<br />6,767
<br />6,767
<br />1,825
<br />27
<br />LOCATE ELECTRIC LINES
<br />1,416
<br />1,416
<br />8,833
<br />106,000
<br />(84)
<br />2,462
<br />2,462
<br />(1,045)
<br />(42)
<br />LOCATE FIBER LINES
<br />0
<br />0
<br />83
<br />1,000
<br />(100)
<br />130
<br />130
<br />(130)
<br />(100)
<br />MTCE OF LINE TRANSFORMERS
<br />1,355
<br />1,355
<br />5,000
<br />60,000
<br />(73)
<br />1,088
<br />1,088
<br />267
<br />25
<br />MTCE OF STREET LIGHTING
<br />4,860
<br />4,860
<br />3,750
<br />45,000
<br />30
<br />7,451
<br />7,451
<br />(2,590)
<br />(35)
<br />MTCE OF SECURITY LIGHTING
<br />1,674
<br />1,674
<br />1,250
<br />15,000
<br />34
<br />1,053
<br />1,053
<br />621
<br />59
<br />MTCE OF METERS
<br />6,687
<br />6,687
<br />7,083
<br />85,000
<br />(6)
<br />7,768
<br />7,768
<br />(1,080)
<br />(14)
<br />VOLTAGE COMPLAINTS
<br />1,291
<br />1,291
<br />833
<br />10,000
<br />55
<br />914
<br />914
<br />377
<br />41
<br />SALARIES TRANSMISSION & DIST
<br />2,397
<br />2,397
<br />2,541
<br />30,500
<br />(6)
<br />2,169
<br />2,169
<br />228
<br />11
<br />ELECTRIC MAPPING
<br />19,409
<br />19,409
<br />7,916
<br />95,000
<br />145
<br />14,227
<br />14,227
<br />5,181
<br />36
<br />MTCE OF OH SECONDARY
<br />2,081
<br />2,081
<br />2,083
<br />25,000
<br />0
<br />878
<br />878
<br />1,202
<br />137
<br />MTCE OF URD SECONDARY
<br />3,752
<br />3,752
<br />5,000
<br />60,000
<br />(25)
<br />2,901
<br />2,901
<br />851
<br />29
<br />TRANSPORTATION EXPENSE
<br />21,273
<br />21,273
<br />20,416
<br />245,000
<br />4
<br />31,951
<br />31,951
<br />(10,677)
<br />(33)
<br />Total For Maintenance Expense:
<br />139,313
<br />139,313
<br />159,625
<br />1,540,500
<br />(13)
<br />118,108
<br />118,108
<br />21,205
<br />18
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />209,350
<br />209,350
<br />209,351
<br />2,552,700
<br />0
<br />194,031
<br />194,031
<br />15,319
<br />8
<br />AMORTIZATION
<br />55,677
<br />55,677
<br />55,678
<br />668,136
<br />0
<br />55,677
<br />55,677
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />265,028
<br />265,028
<br />265,029
<br />3,220,836
<br />0
<br />249,709
<br />249,709
<br />15,319
<br />6
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />74,413
<br />74,413
<br />74,413
<br />870,695
<br />0
<br />79,906
<br />79,906
<br />(5,493)
<br />(7)
<br />AMORTIZATION OF DEBT DISCOU
<br />(4,988)
<br />(4,988)
<br />(4,988)
<br />(59,863)
<br />0
<br />(5,892)
<br />(5,892)
<br />903
<br />15
<br />Total For Interest Expense:
<br />69,424
<br />69,424
<br />69,424
<br />810,832
<br />0
<br />74,014
<br />74,014
<br />(4,589)
<br />(6)
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />289
<br />289
<br />644
<br />7,731
<br />(55)
<br />543
<br />543
<br />(254)
<br />(47)
<br />LOSS ON DISPOSITION OF PROP (C
<br />0
<br />0
<br />0
<br />15,500
<br />0
<br />0
<br />0
<br />0
<br />0
<br />OTHER DONATIONS
<br />0
<br />0
<br />250
<br />3,000
<br />(100)
<br />268
<br />268
<br />(268)
<br />(100)
<br />PENSION EXPENSE
<br />0
<br />0
<br />0
<br />45,000
<br />0
<br />0
<br />0
<br />0
<br />0
<br />OTHER INTEREST EXPENSE
<br />378
<br />378
<br />378
<br />378
<br />0
<br />730
<br />730
<br />(352)
<br />(48)
<br />INTEREST EXPENSE - METER DEP
<br />3,902
<br />3,902
<br />208
<br />2,500
<br />1,776
<br />162
<br />162
<br />3,740
<br />2,309
<br />Total For Other Operating Expense:
<br />4,569
<br />4,569
<br />1,480
<br />74,109
<br />209
<br />1,704
<br />1,704
<br />2,864
<br />168
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />2,846
<br />2,846
<br />3,916
<br />47,000
<br />(27)
<br />3,837
<br />3,837
<br />(990)
<br />(26)
<br />DISCONNECT/RECONNECT EXPEN
<br />1,263
<br />1,263
<br />1,833
<br />22,000
<br />(31)
<br />1,037
<br />1,037
<br />225
<br />22
<br />MISC CUSTOMER ACCOUNTS EXP
<br />27,716
<br />27,716
<br />26,041
<br />312,500
<br />6
<br />22,657
<br />22,657
<br />5,059
<br />22
<br />16
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