|
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, EXPENSES AND CHANGES IN NET POSITION
<br />FOR PF.RTOD F.NDTNG FF.RRITARY 2021
<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 />154,346 288,712 223.389 65,323 - 2,503,414 128,288 257,287 31,425 12 (1)
<br />154,346 288,712 223,389 65,323 29 2,503,414 128,288 257,287 31,425 12
<br />799
<br />4,125
<br />6,083
<br />(1,958)
<br />(32)
<br />36,500
<br />(5,598)
<br />(9,391)
<br />13,516
<br />144
<br />1,026
<br />2,774
<br />4,667
<br />(1,893)
<br />(41)
<br />28,000
<br />943
<br />943
<br />1,831
<br />194
<br />12,767
<br />24,533
<br />86,333
<br />518,000
<br />71,779
<br />99,100
<br />(74,567)_(2)
<br />2,140
<br />3,115
<br />2,342
<br />773
<br />33
<br />376,034
<br />24,798
<br />49,258
<br />(46,143)
<br />(3)
<br />16,731
<br />34,547
<br />99,425
<br />(64,878)
<br />(65)
<br />958,534
<br />91,922
<br />139,910
<br />(105,363)
<br />(75)
<br />171,077
<br />323,259
<br />322,814
<br />445
<br />0
<br />3,461,948
<br />220,210
<br />397,197
<br />(73,938)
<br />(19)
<br />9,135
<br />19,734
<br />15,000
<br />4,734
<br />32
<br />90,000
<br />8,926
<br />16,929
<br />2,805
<br />17
<br />46,395
<br />93,692
<br />100,500
<br />(6,808)
<br />(7)
<br />603,000
<br />57,027
<br />97,533
<br />(3,842)
<br />(4)
<br />10,385
<br />55,542
<br />70,908 366)-
<br />337,650
<br />33,058
<br />45,425
<br />10,117
<br />22 (4)
<br />97,380
<br />194,748
<br />194,796
<br />(48)
<br />(0)
<br />1,202,937
<br />92,795
<br />185,293
<br />9,454
<br />5
<br />3,112
<br />6,225
<br />6,225
<br />0
<br />0
<br />36,349
<br />3,279
<br />7,763
<br />(1,538)
<br />(20)
<br />105
<br />360
<br />408
<br />(48)
<br />(12)
<br />2,470
<br />99
<br />286
<br />74
<br />26
<br />6,971
<br />14,307
<br />14,062
<br />245
<br />2
<br />84,370
<br />6,144
<br />12,165
<br />2,142
<br />18
<br />81,131
<br />187,981
<br />216,415
<br />(28,433)
<br />(13)
<br />1,032,655
<br />77,263
<br />173,822
<br />14,160
<br />8
<br />1,028
<br />1,534
<br />3,108
<br />(1,574)
<br />(51)
<br />18,650
<br />394
<br />896
<br />638
<br />71
<br />255,642
<br />574,122
<br />621,421
<br />(47,300)
<br />(8)
<br />3,408,081
<br />278,985
<br />540,111
<br />34,010
<br />6
<br />0 0 250 (250) (100) 1,500 0 0 0 0
<br />0 0 250 (250) (100) 1,500 0 0 0 0
<br />(84,564) (250,863) (298,857) 47,995 16 52,367 (58,775) (142,914) (107,949) (76)
<br />Item Variance of +/- $15,000 and +/- 15%
<br />(1) YTD Budget variance is due to increased usage.
<br />(2) YTD Budget variance is due to a even budget spread. PYTD variance is due to more Connection Fees in 2022.
<br />(3) PYTD variance is due Water Tower lease revenue being recognized annually in 2023 vs monthly in 2022 (GASB 87).
<br />(4) YTD Budget variance is due to most items coming in favorable to budget and less water meter change outs than budgeted (historically less than normal).
<br />164
<br />
|