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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 />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 />