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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 />BAD DEBT EXPENSE & RECOVER
<br />87
<br />87
<br />1,666
<br />20,000
<br />(95)
<br />245
<br />245
<br />(157)
<br />(64)
<br />Total For Customer Accounts Expense:
<br />31,914
<br />31,914
<br />33,458
<br />401,500
<br />(5)
<br />27,777
<br />27,777
<br />4,136
<br />15
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />67,404
<br />67,404
<br />79,166
<br />950,000
<br />(15)
<br />58,683
<br />58,683
<br />8,720
<br />15
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />333
<br />4,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />10,807
<br />10,807
<br />8,916
<br />107,000
<br />21
<br />3,984
<br />3,984
<br />6,822
<br />171
<br />ELECTRIC & WATER CONSUMPTI
<br />6,194
<br />6,194
<br />2,416
<br />29,000
<br />156
<br />1,792
<br />1,792
<br />4,401
<br />246
<br />BANK FEES
<br />137
<br />137
<br />208
<br />2,500
<br />(34)
<br />174
<br />174
<br />(37)
<br />(21)
<br />LEGAL FEES
<br />2,360
<br />2,360
<br />3,333
<br />40,000
<br />(29)
<br />1,730
<br />1,730
<br />630
<br />36
<br />AUDITING FEES
<br />1,623
<br />1,623
<br />1,543
<br />18,520
<br />5
<br />1,503
<br />1,503
<br />120
<br />8
<br />INSURANCE
<br />16,356
<br />16,356
<br />15,500
<br />186,000
<br />6
<br />13,262
<br />13,262
<br />3,093
<br />23
<br />UTILITY SHARE - DEFERRED COM
<br />20,166
<br />20,166
<br />10,333
<br />124,000
<br />95
<br />18,259
<br />18,259
<br />1,907
<br />10
<br />UTILITY SHARE - MEDICAUDENT
<br />189,239
<br />189,239
<br />187,000
<br />858,481
<br />1
<br />171,047
<br />171,047
<br />18,191
<br />11
<br />UTILITY SHARE - PERA
<br />23,529
<br />23,529
<br />24,000
<br />288,000
<br />(2)
<br />20,240
<br />20,240
<br />3,288
<br />16
<br />UTILITY SHARE - FICA
<br />22,577
<br />22,577
<br />23,333
<br />280,000
<br />(3)
<br />19,410
<br />19,410
<br />3,167
<br />16
<br />EMPLOYEE SICK PAY
<br />30,487
<br />30,487
<br />12,500
<br />150,000
<br />144
<br />21,940
<br />21,940
<br />8,546
<br />39
<br />EMPLOYEE HOLIDAY PAY
<br />29,537
<br />29,537
<br />28,636
<br />157,500
<br />3
<br />12,915
<br />12,915
<br />16,621
<br />129
<br />EMPLOYEE VACATION & PTO PA
<br />44,114
<br />44,114
<br />41,000
<br />250,000
<br />8
<br />36,000
<br />36,000
<br />8,113
<br />23
<br />UPMIC DISTRIBUTION
<br />0
<br />0
<br />0
<br />91,015
<br />0
<br />0
<br />0
<br />0
<br />0
<br />LONGEVITY PAY
<br />0
<br />0
<br />0
<br />16,369
<br />0
<br />0
<br />0
<br />0
<br />0
<br />CONSULTING FEES
<br />0
<br />0
<br />6,666
<br />80,000
<br />(100)
<br />6,724
<br />6,724
<br />(6,724)
<br />(100)
<br />TELEPHONE
<br />3,495
<br />3,495
<br />3,416
<br />41,000
<br />2
<br />2,746
<br />2,746
<br />749
<br />27
<br />ADVERTISING
<br />1,281
<br />1,281
<br />1,250
<br />15,000
<br />3
<br />1,479
<br />1,479
<br />(197)
<br />(13)
<br />DUES & SUBSCRIPTIONS - FEES
<br />9,884
<br />9,884
<br />14,389
<br />172,675
<br />(31)
<br />8,685
<br />8,685
<br />1,199
<br />14
<br />SCHOOLS & MEETINGS
<br />5,550
<br />5,550
<br />21,500
<br />259,925
<br />(74)
<br />15,203
<br />15,203
<br />(9,653)
<br />(63)
<br />MTCE OF GENERAL PLANT & OFFI
<br />1,002
<br />1,002
<br />633
<br />7,600
<br />58
<br />609
<br />609
<br />393
<br />65
<br />Total For Administrative Expense:
<br />485,750
<br />485,750
<br />486,077
<br />4,128,585
<br />0
<br />416,394
<br />416,394
<br />69,356
<br />17
<br />General Expense
<br />CIP REBATES - RESIDENTIAL
<br />2,555
<br />2,555
<br />8,347
<br />100,170
<br />(69)
<br />6,039
<br />6,039
<br />(3,484)
<br />(58)
<br />CIP REBATES - COMMERCIAL
<br />10,980
<br />10,980
<br />15,798
<br />189,583
<br />(31)
<br />4,633
<br />4,633
<br />6,347
<br />137
<br />CIP - ADMINISTRATION
<br />502
<br />502
<br />1,641
<br />19,700
<br />(69)
<br />464
<br />464
<br />37
<br />8
<br />CIP - MARKETING
<br />4,580
<br />4,580
<br />2,503
<br />30,039
<br />83
<br />1,785
<br />1,785
<br />2,795
<br />157
<br />CIP - LABOR
<br />12,288
<br />12,288
<br />14,875
<br />178,511
<br />(17)
<br />10,386
<br />10,386
<br />1,901
<br />18
<br />CIP REBATES - LOW INCOME
<br />0
<br />0
<br />1,500
<br />18,000
<br />(100)
<br />4,185
<br />4,185
<br />(4,185)
<br />(100)
<br />CIP - LOW INCOME LABOR
<br />821
<br />821
<br />823
<br />9,887
<br />0
<br />827
<br />827
<br />(6)
<br />(1)
<br />185
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