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Elk River Municipal Utilities
<br />Elk River, Minnesota
<br />Statement of Revenues, Expenses and Changes in Net Position
<br />For the Year Ended December 31, 2022
<br />Operating Revenues
<br />Charges for services
<br />LFG project
<br />Substation credit
<br />Connection maintenance
<br />Customer penalties
<br />Total Operating Revenues
<br />Operating Expenses
<br />Purchased power
<br />Production
<br />Distribution
<br />Depreciation
<br />Customer accounts
<br />General and administrative
<br />Total Operating Expenses
<br />Operating Income (Loss)
<br />Nonoperating Revenues (Expenses)
<br />Interest income (loss)
<br />Miscellaneous revenue
<br />Interest expense and other
<br />Gain/(Loss) on sale of capital assets
<br />Total Nonoperating Revenues (Expenses)
<br />Income (Loss) before Contributions and Transfers
<br />Capital Contributions -
<br />Connection Fees
<br />Contributions from Developers
<br />Contribution from Customers
<br />Transfers to Other City Funds
<br />Total Contributions and Transfers
<br />Change in Net Position
<br />Net Position, January 1
<br />Net Position, December 31
<br />Electric
<br />Water
<br />Total
<br />$ 42,355,712
<br />$ 2,887,276
<br />$ 45,242,988
<br />935,004
<br />-
<br />935,004
<br />4,800
<br />-
<br />4,800
<br />243,088
<br />75,365
<br />318,453
<br />284,452
<br />26,194
<br />310,646
<br />43,823,056
<br />2,988,835
<br />46,811,891
<br />31,544,604
<br />-
<br />31,544,604
<br />793,299
<br />681,079
<br />1,474,378
<br />2,015,665
<br />307,192
<br />2,322,857
<br />31062,751
<br />1,117,357
<br />4,180,108
<br />623,099
<br />81,825
<br />704,924
<br />4,372,187
<br />980,528
<br />5,352,715
<br />42,411,605
<br />3,167,981
<br />45,579,586
<br />1,411,451 (179,146) 1,232,305
<br />(159,502)
<br />(30,592)
<br />(190,094)
<br />906,323
<br />424,994
<br />1,331,317
<br />(851,199)
<br />(40,948)
<br />(892,147)
<br />41,938
<br />(9,150)
<br />32,788
<br />(62,440)
<br />344,304
<br />281,864
<br />11349,011
<br />165,158
<br />1,514,169
<br />-
<br />1,547,930
<br />1,547,930
<br />-
<br />940,306
<br />940,306
<br />298,935
<br />-
<br />298,935
<br />(1,531,633)
<br />-
<br />(1,531,633)
<br />(11232,698)
<br />2,488,236
<br />1,255,538
<br />116,313
<br />2,653,394
<br />2,769,707
<br />46,867,648
<br />28,234,010
<br />75,101,658
<br />$ 46,983,961 $ 30,887,404 $ 77,871,365
<br />The notes to the financial statements are an integral part of this statement.
<br />25
<br />108
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