|
HANDOUT AT MEETING - FINANCIALS
<br />Water
<br />Revenue
<br />Operating Revenue
<br />Water Sales
<br />Total Operating Revenue
<br />Other Operating Revenue
<br />Interest/Dividend Income
<br />Customer Penalties
<br />Connection Fees
<br />Misc Revenue
<br />Total Other Revenue
<br />Total Revenue
<br />Expenses
<br />Production Expense
<br />Pumping Expense
<br />Distribution Expense
<br />Depreciation & Amortization
<br />Interest Expense
<br />Other Operating Expense
<br />Customer Accounts Expense
<br />Administrative Expense
<br />General Expense
<br />Total Expenses(before Operating Transfers)
<br />Operating Transfer
<br />Utilities & Labor Donated
<br />Total Operating Transfer
<br />Net Income Profit(Loss)
<br />ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENUES,
<br />EXPENSES AND CHANGES
<br />IN NET POSITION
<br />FOR PERIOD
<br />ENDING
<br />JANUARY 2023
<br />2023
<br />2023
<br />2023
<br />YTD
<br />2023
<br />2023 YTD
<br />2022
<br />2022
<br />YTD
<br />2022 v. 2023
<br />JANUARY
<br />YTD
<br />YTD
<br />Budget
<br />ANNUAL
<br />Bud Var%
<br />JANUARY
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />BUDGET
<br />Variance
<br />BUDGET
<br />134,366
<br />134,366
<br />112,008
<br />22,358
<br />2,503AI4 11111MM
<br />128,999
<br />128,999
<br />5,367
<br />4
<br />(1)
<br />134,366
<br />134,366
<br />112,008
<br />22,358
<br />2,503,414
<br />20
<br />128,999
<br />128,999
<br />5,367
<br />4
<br />3,326
<br />3,326
<br />3,042
<br />285
<br />36,500
<br />9
<br />(3,793)
<br />(3,793)
<br />7,119
<br />188
<br />1,748
<br />1,748
<br />2,333
<br />(585)
<br />28,000
<br />(25)
<br />0
<br />0
<br />1,748
<br />0
<br />11,766
<br />11,766
<br />43,167
<br />(31,401I '
<br />518,000
<br />27,320
<br />27,320
<br />(15,554)
<br />=
<br />(2)
<br />975
<br />975
<br />1,171
<br />(196)
<br />376,034
<br />(17)
<br />24,460
<br />24,460
<br />(23,4$5)
<br />(3)
<br />17,816
<br />17,816
<br />49,713
<br />(31,897)
<br />958,534
<br />(64)
<br />47,988
<br />47,988
<br />(30,172)
<br />(63)
<br />152,181
<br />152381
<br />161,720
<br />(9,539)
<br />3,461,948
<br />(6)
<br />176,987
<br />176,987
<br />(24,805)
<br />(14)
<br />10,599
<br />10,599
<br />7,500
<br />3,099
<br />90,000
<br />41
<br />8,003
<br />8,003
<br />2,596
<br />32
<br />47,297
<br />47,297
<br />50,250
<br />(2,953)
<br />603,000
<br />(6)
<br />40,507
<br />40,507
<br />6,791
<br />17
<br />45,157
<br />45,157
<br />44,409
<br />748
<br />337,650
<br />2
<br />12,367
<br />12,367
<br />32,750 (4)
<br />97,368
<br />97,368
<br />97,398
<br />(30)
<br />1,202,937
<br />(0)
<br />92,498
<br />92,498
<br />4,870
<br />5
<br />3,112
<br />3,112
<br />3,112
<br />(0)
<br />36,349
<br />0
<br />4,484
<br />4,484
<br />(1,371)
<br />(31)
<br />255
<br />255
<br />251
<br />4
<br />2,470
<br />2
<br />187
<br />187
<br />68
<br />36
<br />7,336
<br />7,336
<br />7,031
<br />305
<br />84,370
<br />4
<br />6,021
<br />6,021
<br />1,315
<br />22
<br />106,850
<br />106,850
<br />127,380
<br />(20,53,0),
<br />1,032,655
<br />96,559
<br />96,559
<br />10,291
<br />11
<br />(5)
<br />506
<br />506
<br />1,554
<br />(1,048)
<br />18,650
<br />(67)
<br />501
<br />501
<br />5
<br />1
<br />318,480
<br />318,480
<br />338,886
<br />(20,406)
<br />3,408,081
<br />(6)
<br />261,127
<br />261,127
<br />57,353
<br />22
<br />0 0 125 (125) 1,500 (100) 0 0 0 0
<br />0 0 125 (125) 1,500 (100) 0 0 0 0
<br />(166,299) (166,299) (177,291) 10,992 52,367 6 (84,140) (84,140) (82,159) (98)
<br />Item Variance of +/- $15,000 and +/- 15%
<br />(1) Budget variance is due to Residential sales spread amount being too low.
<br />(2) Budget variance is due to a even budget spread. PY variance is due to more Connection Fees in 2022.
<br />(3) PY variance is due Water Tower lease revenue being recognized annually in 2023 v monthly in 2022 (GASB 87)
<br />(4) PY variance is due to a 2023 water main repair and timing issue for water permit.
<br />(5) Budget variance is due to ER paid Medical/Dental January budget spread amount being too high.
<br />
|