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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
<br />2023
<br />2023
<br />2023
<br />YTD
<br />ANNUAL
<br />2023 YTD
<br />2022
<br />2022
<br />YTD
<br />2022 v. 2023
<br />Electric
<br />FEBRUARY
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />FEBRUARY
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />MTCE OF OH PRIMARY
<br />7,656
<br />17,843
<br />28,333
<br />170,000
<br />(37)
<br />10,082
<br />18,820
<br />(977)
<br />(5)
<br />MTCE OF URD PRIMARY
<br />6,865
<br />15,458
<br />28,333
<br />170,000
<br />(45)
<br />14,087
<br />20,854
<br />(5,396)
<br />(26)
<br />LOCATE ELECTRIC LINES
<br />1,063
<br />2,479
<br />17,666
<br />106,000
<br />(86)
<br />3,196
<br />5,659
<br />(3,179)
<br />(56)
<br />LOCATE FIBER LINES
<br />33
<br />33
<br />166
<br />1,000
<br />(80)
<br />0
<br />130
<br />(96)
<br />(74)
<br />MTCE OF LINE TRANSFORMERS
<br />661
<br />2,016
<br />10,000
<br />60,000
<br />(80)
<br />1,862
<br />2,951
<br />(934)
<br />(32)
<br />MTCE OF STREET LIGHTING
<br />(3,528)
<br />1,331
<br />7,500
<br />45,000
<br />(82)
<br />(3,922)
<br />3,529
<br />(2,197)
<br />(62)
<br />MTCE OF SECURITY LIGHTING
<br />781
<br />2,456
<br />2,500
<br />15,000
<br />(2)
<br />995
<br />2,048
<br />407
<br />20
<br />MTCE OF METERS
<br />3,864
<br />10,552
<br />14,166
<br />85,000
<br />(26)
<br />6,849
<br />14,617
<br />(4,064)
<br />(28)
<br />VOLTAGE COMPLAINTS
<br />1,455
<br />2,747
<br />1,666
<br />10,000
<br />65
<br />93
<br />1,007
<br />1,739
<br />173
<br />SALARIES TRANSMISSION & DIST
<br />2,187
<br />4,585
<br />5,083
<br />30,500
<br />(10)
<br />2,310
<br />4,479
<br />105
<br />2
<br />ELECTRIC MAPPING
<br />17,573
<br />36,982
<br />15,833
<br />95,000
<br />134
<br />11,994
<br />26,222
<br />10,760
<br />41
<br />MTCE OF OH SECONDARY
<br />1,224
<br />3,306
<br />4,166
<br />25,000
<br />(21)
<br />2,011
<br />2,890
<br />415
<br />14
<br />MTCE OF URD SECONDARY
<br />1,010
<br />4,763
<br />10,000
<br />60,000
<br />(52)
<br />3,427
<br />6,329
<br />(1,566)
<br />(25)
<br />TRANSPORTATION EXPENSE
<br />28,684
<br />49,958
<br />40,833
<br />245,000
<br />22
<br />20,203
<br />52,154
<br />(2,196)
<br />(4)
<br />Total For Maintenance Expense:
<br />119,330
<br />258,644
<br />319,250
<br />1,540,500
<br />(19)
<br />92,978
<br />211,086
<br />47,557
<br />23
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />208,195
<br />417,546
<br />418,702
<br />2,552,700
<br />0
<br />194,423
<br />388,455
<br />29,091
<br />7
<br />AMORTIZATION
<br />55,677
<br />111,355
<br />111,356
<br />668,136
<br />0
<br />55,677
<br />111,355
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />263,873
<br />528,902
<br />530,058
<br />3,220,836
<br />0
<br />250,101
<br />499,810
<br />29,091
<br />6
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />73,213
<br />147,626
<br />147,626
<br />870,695
<br />0
<br />75,850
<br />155,757
<br />(8,131)
<br />(5)
<br />AMORTIZATION OF DEBT DISCOU
<br />(4,988)
<br />(9,977)
<br />(9,977)
<br />(59,863)
<br />0
<br />(4,988)
<br />(10,880)
<br />903
<br />8
<br />Total For Interest Expense:
<br />68,224
<br />137,649
<br />137,649
<br />810,832
<br />0
<br />70,862
<br />144,876
<br />(7,227)
<br />(5)
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />342
<br />631
<br />1,288
<br />7,731
<br />(51)
<br />351
<br />895
<br />(263)
<br />(29)
<br />LOSS ON DISPOSITION OF PROP (C
<br />0
<br />0
<br />0
<br />15,500
<br />0
<br />0
<br />0
<br />0
<br />0
<br />OTHER DONATIONS
<br />0
<br />0
<br />500
<br />3,000
<br />(100)
<br />97
<br />366
<br />(366)
<br />(100)
<br />PENSION EXPENSE
<br />0
<br />0
<br />0
<br />45,000
<br />0
<br />0
<br />0
<br />0
<br />0
<br />OTHER INTEREST EXPENSE
<br />0
<br />378
<br />378
<br />378
<br />0
<br />378
<br />1,108
<br />(730)
<br />(66)
<br />INTEREST EXPENSE - METER DEP
<br />3,912
<br />7,815
<br />416
<br />2,500
<br />1,774
<br />163
<br />325
<br />7,489
<br />2,297
<br />Total For Other Operating Expense:
<br />4,255
<br />8,824
<br />2,583
<br />74,109
<br />242
<br />990
<br />2,694
<br />6,129
<br />227
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />3,068
<br />5,915
<br />7,833
<br />47,000
<br />(24)
<br />2,856
<br />6,693
<br />(777)
<br />(12)
<br />DISCONNECT/RECONNECT EXPEN
<br />1,313
<br />2,577
<br />3,666
<br />22,000
<br />(30)
<br />1,452
<br />2,490
<br />86
<br />3
<br />MISC CUSTOMER ACCOUNTS EXP
<br />24,937
<br />52,654
<br />52,083
<br />312,500
<br />1
<br />23,134
<br />45,791
<br />6,862
<br />15
<br />173
<br />
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