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 />Water
<br />JANUARY
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />JANUARY
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />Revenue
<br />Operating Revenue
<br />Water Sales
<br />134,365
<br />134,365
<br />112,007
<br />2,503,414
<br />20
<br />128,998
<br />128,998
<br />5,366
<br />4
<br />Total Operating Revenue
<br />134,365
<br />134,365
<br />112,007
<br />2,503,414
<br />20
<br />128,998
<br />128,998
<br />5,366
<br />4
<br />Other Operating Revenue
<br />Interest/Dividend Income
<br />3,326
<br />3,326
<br />3,041
<br />36,500
<br />9
<br />(3,792)
<br />(3,792)
<br />7,118
<br />188
<br />Customer Penalties
<br />1,748
<br />1,748
<br />2,333
<br />28,000
<br />(25)
<br />0
<br />0
<br />1,748
<br />0
<br />Connection Fees
<br />11,766
<br />11,766
<br />43,166
<br />518,000
<br />(73)
<br />27,320
<br />27,320
<br />(15,554)
<br />(57)
<br />Misc Revenue
<br />975
<br />975
<br />1,170
<br />376,034
<br />(17)
<br />24,460
<br />24,460
<br />(23,485)
<br />(96)
<br />Total Other Revenue
<br />17,815
<br />17,815
<br />49,712
<br />958,534
<br />(64)
<br />47,988
<br />47,988
<br />(30,172)
<br />(63)
<br />Total Revenue
<br />152,181
<br />152,181
<br />161,720
<br />3,461,948
<br />(6)
<br />176,986
<br />176,986
<br />(24,805)
<br />(14)
<br />Expenses
<br />Production Expense
<br />10,598
<br />10,598
<br />7,500
<br />90,000
<br />41
<br />8,003
<br />8,003
<br />2,595
<br />32
<br />Pumping Expense
<br />47,297
<br />47,297
<br />50,250
<br />603,000
<br />(6)
<br />40,506
<br />40,506
<br />6,790
<br />17
<br />Distribution Expense
<br />45,156
<br />45,156
<br />44,409
<br />337,650
<br />2
<br />12,366
<br />12,366
<br />32,790
<br />265
<br />Depreciation & Amortization
<br />97,367
<br />97,367
<br />97,398
<br />1,202,937
<br />0
<br />92,498
<br />92,498
<br />4,869
<br />5
<br />Interest Expense
<br />3,112
<br />3,112
<br />3,112
<br />36,349
<br />0
<br />4,483
<br />4,483
<br />(1,371)
<br />(31)
<br />Other Operating Expense
<br />254
<br />254
<br />251
<br />2,470
<br />2
<br />186
<br />186
<br />67
<br />36
<br />Customer Accounts Expense
<br />7,335
<br />7,335
<br />7,030
<br />84,370
<br />4
<br />6,021
<br />6,021
<br />1,314
<br />22
<br />Administrative Expense
<br />106,849
<br />106,849
<br />127,380
<br />1,032,655
<br />(16)
<br />96,558
<br />96,558
<br />10,291
<br />11
<br />General Expense
<br />506
<br />506
<br />1,554
<br />18,650
<br />(67)
<br />501
<br />501
<br />4
<br />1
<br />Total Expenses(before Operating Transfers)
<br />318,480
<br />318,480
<br />338,885
<br />3,408,081
<br />(6)
<br />261,126
<br />261,126
<br />57,353
<br />22
<br />Operating Transfer
<br />Utilities & Labor Donated
<br />0
<br />0
<br />125
<br />1,500
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />Total Operating Transfer
<br />0
<br />0
<br />125
<br />1,500 (100)
<br />0
<br />0
<br />0
<br />0
<br />Net IncomeProfit(Loss)
<br />(166,298)
<br />(166,298)
<br />(177,290)
<br />52,367
<br />6
<br />(84,139)
<br />(84,139)
<br />(82,158)
<br />(98)
<br />175
<br />
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