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Elk River Municipal Utilities
<br />Elk River, Minnesota
<br />Supplementary Information
<br />Schedule of Operating Revenues and Expenses (Continued)
<br />For the Year Ended December 31, 2022
<br />Electric
<br />Water
<br />Total
<br />Operating Expenses (Continued)
<br />General and administrative
<br />Salaries
<br />$ 805,290
<br />$ 234,617
<br />$ 1,039,907
<br />Employee pensions and benefits
<br />2,397,318
<br />514,727
<br />2,912,045
<br />Dues
<br />125,052
<br />75,542
<br />200,594
<br />Office supplies and billing expense
<br />71,133
<br />14,866
<br />85,999
<br />Office utilities and maintenance
<br />49,106
<br />11,501
<br />60,607
<br />Consulting fees
<br />54,841
<br />20,055
<br />74,896
<br />Legal and audit
<br />47,585
<br />11,849
<br />59,434
<br />Environmental compliance
<br />31,921
<br />1,578
<br />33,499
<br />Conservation improvement project
<br />375,065
<br />5,949
<br />381,014
<br />Insurance
<br />170,663
<br />30,952
<br />201,615
<br />Telephone
<br />38,141
<br />8,901
<br />47,042
<br />Advertising
<br />12,247
<br />2,933
<br />15,180
<br />Education and meetings
<br />193,041
<br />41,818
<br />234,859
<br />Miscellaneous
<br />784
<br />5,240
<br />6,024
<br />Total general and administrative
<br />4,372,187
<br />980,528
<br />5,352,715
<br />Total Operating Expenses
<br />42,411,605
<br />3,167,981
<br />45,579,586
<br />Operating Income (Loss)
<br />1,411,451
<br />(179,146)
<br />1,232,305
<br />Nonoperating Revenues (Expenses)
<br />Interest income (loss)
<br />(159,502)
<br />(30,592)
<br />(190,094)
<br />Miscellaneous revenue
<br />906,323
<br />424,994
<br />1,331,317
<br />Interest expense and other
<br />(851,199)
<br />(40,948)
<br />(892,147)
<br />Gain/(loss) on sale of capital assets
<br />41,938
<br />(9,150)
<br />32,788
<br />Total Nonoperating
<br />Revenues
<br />(62,440)
<br />344,304
<br />281,864
<br />Income before Contributions and Transfers
<br />1,349,011
<br />165,158
<br />1,514,169
<br />Capital Contributions
<br />Connection Fees
<br />1,547,930
<br />1,547,930
<br />Contributions from Developers
<br />-
<br />940,306
<br />940,306
<br />Contributions from Customers
<br />298,935
<br />-
<br />298,935
<br />Transfers to Other City Funds
<br />(1,531,633)
<br />-
<br />(1,531,633)
<br />Total Contributions and Transfers
<br />(1,232,698)
<br />2,488,236
<br />1,255,538
<br />Change in Net Position
<br />116,313
<br />2,653,394
<br />2,769,707
<br />Net Position, January 1
<br />46,867,648
<br />28,234,010
<br />75,101,658
<br />Net Position, December 31
<br />$ 46,983,961
<br />$ 30,887,404
<br />$ 77,871,365
<br />55
<br />138
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