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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 />BAD DEBT EXPENSE & RECOVER
<br />31
<br />119
<br />3,333
<br />20,000
<br />(96)
<br />848
<br />1,094
<br />(974)
<br />(89)
<br />Total For Customer Accounts Expense:
<br />29,351
<br />61,266
<br />66,916
<br />401,500
<br />(8)
<br />28,292
<br />56,070
<br />5,196
<br />9
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />62,269
<br />129,674
<br />158,333
<br />950,000
<br />(18)
<br />60,647
<br />119,331
<br />10,342
<br />9
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />666
<br />4,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />17,047
<br />27,855
<br />17,833
<br />107,000
<br />56
<br />5,137
<br />9,122
<br />18,732
<br />205
<br />ELECTRIC & WATER CONSUMPTI
<br />5,199
<br />11,394
<br />4,833
<br />29,000
<br />136
<br />1,785
<br />3,578
<br />7,815
<br />218
<br />BANK FEES
<br />182
<br />319
<br />416
<br />2,500
<br />(24)
<br />191
<br />366
<br />(47)
<br />(13)
<br />LEGAL FEES
<br />1,302
<br />3,662
<br />6,666
<br />40,000
<br />(45)
<br />2,696
<br />4,426
<br />(763)
<br />(17)
<br />AUDITING FEES
<br />1,623
<br />3,246
<br />3,086
<br />18,520
<br />5
<br />1,503
<br />3,006
<br />240
<br />8
<br />INSURANCE
<br />16,356
<br />32,712
<br />31,000
<br />186,000
<br />6
<br />13,262
<br />26,525
<br />6,186
<br />23
<br />UTILITY SHARE - DEFERRED COM
<br />14,362
<br />34,528
<br />20,666
<br />124,000
<br />67
<br />14,844
<br />33,103
<br />1,425
<br />4
<br />UTILITY SHARE- MEDICAL/DENT
<br />52,706
<br />241,945
<br />248,043
<br />858,481
<br />(2)
<br />57,767
<br />228,814
<br />13,131
<br />6
<br />UTILITY SHARE - PERA
<br />21,509
<br />45,039
<br />48,000
<br />288,000
<br />(6)
<br />19,404
<br />39,644
<br />5,394
<br />14
<br />UTILITY SHARE - FICA
<br />20,531
<br />43,109
<br />46,666
<br />280,000
<br />(8)
<br />18,486
<br />37,897
<br />5,212
<br />14
<br />EMPLOYEE SICK PAY
<br />12,019
<br />42,506
<br />25,000
<br />150,000
<br />70
<br />10,709
<br />32,649
<br />9,856
<br />30
<br />EMPLOYEE HOLIDAY PAY
<br />13,835
<br />43,372
<br />42,954
<br />157,500
<br />1
<br />12,259
<br />25,174
<br />18,197
<br />72
<br />EMPLOYEE VACATION & PTO PA
<br />19,634
<br />63,749
<br />60,000
<br />250,000
<br />6
<br />20,899
<br />56,900
<br />6,848
<br />12
<br />UPMIC DISTRIBUTION
<br />0
<br />0
<br />0
<br />91,015
<br />0
<br />0
<br />0
<br />0
<br />0
<br />LONGEVITY PAY
<br />0
<br />0
<br />0
<br />16,369
<br />0
<br />0
<br />0
<br />0
<br />0
<br />CONSULTING FEES
<br />0
<br />0
<br />13,333
<br />80,000
<br />(100)
<br />6,355
<br />13,079
<br />(13,079)
<br />(100)
<br />TELEPHONE
<br />2,836
<br />6,331
<br />6,833
<br />41,000
<br />(7)
<br />2,783
<br />5,529
<br />802
<br />15
<br />ADVERTISING
<br />1,272
<br />2,553
<br />2,500
<br />15,000
<br />2
<br />682
<br />2,161
<br />392
<br />18
<br />DUES & SUBSCRIPTIONS - FEES
<br />9,449
<br />19,334
<br />28,779
<br />172,675
<br />(33)
<br />9,063
<br />17,748
<br />1,585
<br />9
<br />SCHOOLS & MEETINGS
<br />15,636
<br />21,186
<br />46,500
<br />259,925
<br />(54)
<br />11,017
<br />26,221
<br />(5,034)
<br />(19)
<br />MTCE OF GENERAL PLANT & OFFI
<br />1,002
<br />2,005
<br />1,266
<br />7,600
<br />58
<br />609
<br />1,218
<br />786
<br />64
<br />Total For Administrative Expense:
<br />288,777
<br />774,528
<br />813,380
<br />4,128,585
<br />(5)
<br />270,107
<br />686,502
<br />88,025
<br />13
<br />General Expense
<br />CIP REBATES - RESIDENTIAL
<br />4,395
<br />6,950
<br />16,695
<br />100,170
<br />(58)
<br />3,691
<br />9,730
<br />(2,780)
<br />(29)
<br />CIP REBATES - COMMERCIAL
<br />10,413
<br />21,393
<br />31,597
<br />189,583
<br />(32)
<br />0
<br />4,633
<br />16,760
<br />362
<br />CIP - ADMINISTRATION
<br />1,069
<br />1,572
<br />3,283
<br />19,700
<br />(52)
<br />424
<br />889
<br />683
<br />77
<br />CIP - MARKETING
<br />1,394
<br />5,975
<br />5,006
<br />30,039
<br />19
<br />806
<br />2,591
<br />3,383
<br />131
<br />CIP - LABOR
<br />11,510
<br />23,798
<br />29,751
<br />178,511
<br />(20)
<br />11,247
<br />21,634
<br />2,164
<br />10
<br />CIP REBATES - LOW INCOME
<br />0
<br />0
<br />3,000
<br />18,000
<br />(100)
<br />0
<br />4,185
<br />(4,185)
<br />(100)
<br />CIP - LOW INCOME LABOR
<br />815
<br />1,637
<br />1,647
<br />9,887
<br />(1)
<br />856
<br />1,684
<br />(46)
<br />(3)
<br />174
<br />
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