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Electric
<br />Revenue
<br />Operating Revenue
<br />Elk River
<br />Otsego
<br />Rural Big Lake
<br />Dayton
<br />Public St & Hwy Lighting
<br />Other Electric Sales
<br />Total Operating Revenue
<br />Other Operating Revenue
<br />Interest/Dividend Income
<br />Customer Penalties
<br />LFG Project
<br />Connection Fees
<br />Misc Revenue
<br />Total Other Revenue
<br />Total Revenue
<br />Expenses
<br />Purchased Power
<br />Operating & Mtce Expense
<br />Landfill Gas
<br />Transmission Expense
<br />Distribution Expense
<br />Maintenance 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 />Operating Transfer/Other Funds
<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, EXPENSES AND CHANGES IN NET POSITION
<br />FOR PERIOD ENDING FEBRUARY 2023
<br />2023 2023 2023 YTD 2023 YTD 2023 2022 2022 YTD 2022 v. 2023 Variance
<br />FEBRUARY YTD YTD Budget Bud Var% ANNUAL FEBRUARY YTD VARIANCE Actual Var% Item
<br />BUDGET Variance BUDGET
<br />3,209,179
<br />6,014,747
<br />6,026,969
<br />(12,223)
<br />(0)
<br />42,041,326
<br />2,679,492
<br />5,285,103 729,644 14
<br />318,858
<br />569,192
<br />468,356
<br />3,385,657
<br />233,954
<br />456,776 W 112,417 -(1)
<br />21,145
<br />38,195
<br />37,468
<br />727
<br />2
<br />238,658
<br />16,163
<br />31,596 6,599 21
<br />25,262
<br />44,972
<br />44,772
<br />200
<br />0
<br />285,471
<br />19,828
<br />38,688 6,284 16
<br />21,723
<br />43,446
<br />43,333
<br />113
<br />0
<br />260,000
<br />21,475
<br />42,776 670 2
<br />400
<br />800
<br />800
<br />0
<br />0
<br />4,800
<br />72,790
<br />73,190 '(72,390) - (2)
<br />3,596,567
<br />6,711,353
<br />6,621,699
<br />89,654
<br />l
<br />46,215,912
<br />3,043,701
<br />5,928,129 783,224 13
<br />(966)
<br />8,658
<br />8,667
<br />2
<br />50,000
<br />(20,882
<br />(20,882
<br />51,463
<br />(3)
<br />26,784
<br />48,658
<br />41,667
<br />6,991
<br />991
<br />17
<br />25Q000
<br />2Q882
<br />2Q882
<br />27,776(4)
<br />M(5)
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />80,866
<br />173,259
<br />(173,259)
<br />10,026
<br />16,301
<br />36,667
<br />(20,366)
<br />(56)
<br />220,000
<br />15,635
<br />28,085
<br />(11,784)
<br />(42)
<br />63,754
<br />131,066
<br />152,705
<br />(21,639)
<br />(14)
<br />936,231
<br />58,159
<br />114,175
<br />16,892
<br />15
<br />99,599
<br />204,491
<br />239,372
<br />(34,880)
<br />(15)
<br />1,456,231
<br />150,563
<br />293,403
<br />(88,912)
<br />(30)
<br />3,696,166
<br />6,915,844
<br />6,861,071
<br />54,774
<br />1
<br />47,672,143
<br />3,194,265
<br />6,221,532
<br />694,312
<br />11
<br />2,150,270
<br />4,365,719
<br />4,792,291
<br />(426,572)
<br />(9)
<br />32,766,025
<br />2,304,998
<br />4,663,371
<br />(297,652)
<br />(6)
<br />29,861
<br />73,595
<br />67,633
<br />5,962
<br />9
<br />321,000
<br />21,669
<br />47,058
<br />26,537
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />54,766
<br />112,050
<br />(112,050)
<br />_(6)
<br />(7)
<br />4,191
<br />9,308
<br />11,667
<br />(2,358)
<br />(20)
<br />70,000
<br />5,173
<br />13,425
<br />(4,116)
<br />(31)
<br />38,587
<br />71,025
<br />61,175
<br />9,850
<br />16
<br />369,466
<br />29,213
<br />60,854
<br />10,171
<br />17
<br />119,331
<br />258,644
<br />319,250
<br />1,540,500
<br />92,979
<br />211,087
<br />(8)
<br />263,874
<br />528,902
<br />530,058
<br />(1,156)
<br />(0)
<br />3,220,836
<br />250,102
<br />499,811
<br />29,091
<br />6
<br />68,225
<br />137,649
<br />137,649
<br />0
<br />0
<br />810,832
<br />70,862
<br />144,876
<br />(7,227)
<br />(5)
<br />4,255
<br />8,825
<br />2,583
<br />6,242
<br />242
<br />74,109
<br />990
<br />2,695
<br />6,130
<br />227
<br />29,352
<br />61,267
<br />66,917
<br />(5,650)
<br />(8)
<br />401,500
<br />28,292
<br />56,070
<br />5,197
<br />9
<br />288,778
<br />774,529
<br />813,381
<br />(38,852)
<br />(5)
<br />4,128,585
<br />270,108
<br />686,503
<br />88,026
<br />13
<br />32,175
<br />72,308
<br />97,102
<br />(24,793)
<br />(26)
<br />582,609
<br />19,522
<br />50,340
<br />21,968
<br />44
<br />3,028,897
<br />6,361,771
<br />6,899,706
<br />(537,934)
<br />(8)
<br />44,285,462
<br />3,148,673
<br />6,548,139
<br />(186,368)
<br />(3)
<br />138,520
<br />263,747
<br />241,079
<br />22,668
<br />9
<br />1,681,653
<br />113,833
<br />224,682 (9)
<br />19,234
<br />39,647
<br />40,000
<br />(353)
<br />(1)
<br />240,000
<br />18,630
<br />37,448 2,198 6
<br />157,753
<br />303,394
<br />281,079
<br />22,315
<br />8
<br />1,921,653
<br />132,462
<br />262,130 41,264 16
<br />509,515
<br />250,679
<br />(319,714)
<br />570,393
<br />178
<br />1,465,028
<br />(86,871)
<br />(588,737) 839,416 143
<br />Item Variance of +/- $25,000 and +/- 15%
<br />(1) Prior Year to Date (PYTD) variance is mainly due to 2023 PCA revenue, increased usage and rate increase. YTD Budget variance due to increased usage.
<br />(2) PYTD variance due to accrual of PCA revenue in 2022 (See Rate Increase on Detailed Statement).
<br />(3) PYTD variance is due to the change in Fair Market Value of Investments.
<br />(4) PYTD variance is due to not billing penalties in January 2022.
<br />(5) PYTD variance is due to the LFG Project coming to an end in 2022.
<br />(6) PYTD variance is mainly due to increase labor for snow removal, additional supplies and increased natural gas expense for new field services building in 2023.
<br />(7) PYTD variance is due to the LFG Project coming to an end in 2022.
<br />(8) PYTD variance is due to increased actual contracted tree trimming hours in 2023. YTD Budget variance is due to most items coming in favorable to budget and less contracted tree
<br />trimming hours than budgeted.
<br />(9) PYTD variance due to increased PCA revenue.
<br />163
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