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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 MARCH 2O23
<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 />MARCH
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%o
<br />MARCH
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />MTCE OF OH LINES/STANDBY
<br />2,889
<br />8,800
<br />9,999
<br />40,000
<br />(12)
<br />2,752
<br />8,464
<br />336
<br />4
<br />MTCE OF OH PRIMARY
<br />22,112
<br />39,955
<br />42,500
<br />170,000
<br />(6)
<br />9,906
<br />28,727
<br />11,228
<br />39
<br />MTCE OF URD PRIMARY
<br />12,708
<br />28,167
<br />42,500
<br />170,000
<br />(34)
<br />20,615
<br />41,469
<br />(13,302)
<br />(32)
<br />LOCATE ELECTRIC LINES
<br />8,329
<br />10,808
<br />26,499
<br />106,000
<br />(59)
<br />7,841
<br />13,500
<br />(2,691)
<br />(20)
<br />LOCATE FIBER LINES
<br />0
<br />33
<br />249
<br />1,000
<br />(86)
<br />0
<br />130
<br />(96)
<br />(74)
<br />MTCE OF LINE TRANSFORMERS
<br />886
<br />2,903
<br />15,000
<br />60,000
<br />(81)
<br />2,733
<br />5,684
<br />(2,781)
<br />(49)
<br />MTCE OF STREET LIGHTING
<br />5,239
<br />6,571
<br />11,250
<br />45,000
<br />(42)
<br />2,506
<br />6,035
<br />535
<br />9
<br />MTCE OF SECURITY LIGHTING
<br />1,867
<br />4,323
<br />3,750
<br />15,000
<br />15
<br />1,667
<br />3,716
<br />607
<br />16
<br />MTCE OF METERS
<br />5,061
<br />15,614
<br />21,249
<br />85,000
<br />(27)
<br />5,883
<br />20,501
<br />(4,886)
<br />(24)
<br />VOLTAGE COMPLAINTS
<br />439
<br />3,186
<br />2,499
<br />10,000
<br />27
<br />280
<br />1,287
<br />1,898
<br />147
<br />SALARIES TRANSMISSION & DIST
<br />2,713
<br />7,299
<br />7,625
<br />30,500
<br />(4)
<br />2,209
<br />6,689
<br />609
<br />9
<br />ELECTRIC MAPPING
<br />17,294
<br />54,277
<br />23,750
<br />95,000
<br />129
<br />7,827
<br />34,049
<br />20,228
<br />59
<br />MTCE OF OH SECONDARY
<br />1,057
<br />4,364
<br />6,249
<br />25,000
<br />(30)
<br />845
<br />3,736
<br />627
<br />17
<br />MTCE OF URD SECONDARY
<br />5,406
<br />10,169
<br />15,000
<br />60,000
<br />(32)
<br />2,861
<br />9,191
<br />978
<br />11
<br />TRANSPORTATION EXPENSE
<br />44,819
<br />94,777
<br />61,250
<br />245,000
<br />55
<br />29,227
<br />81,382
<br />13,395
<br />16
<br />Total For Maintenance Expense:
<br />200,829
<br />459,473
<br />478,875
<br />1,540,500
<br />(4)
<br />170,907
<br />381,994
<br />77,479
<br />20
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />208,101
<br />625,647
<br />628,053
<br />2,552,700
<br />0
<br />194,293
<br />582,748
<br />42,899
<br />7
<br />AMORTIZATION
<br />55,677
<br />167,033
<br />167,034
<br />668,136
<br />0
<br />55,677
<br />167,033
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />263,778
<br />792,681
<br />795,087
<br />3,220,836
<br />0
<br />249,971
<br />749,781
<br />42,899
<br />6
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />73,213
<br />220,839
<br />220,839
<br />870,695
<br />0
<br />75,850
<br />231,607
<br />(10,768)
<br />(5)
<br />AMORTIZATION OF DEBT DISCOU
<br />(4,988)
<br />(14,965)
<br />(14,965)
<br />(59,863)
<br />0
<br />(4,988)
<br />(15,869)
<br />903
<br />6
<br />Total For Interest Expense:
<br />68,224
<br />205,873
<br />205,873
<br />810,832
<br />0
<br />70,862
<br />215,738
<br />(9,864)
<br />(5)
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />(424)
<br />206
<br />1,932
<br />7,731
<br />(89)
<br />413
<br />1,308
<br />(1,101)
<br />(84)
<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 />750
<br />3,000
<br />(100)
<br />(667)
<br />(301)
<br />301
<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 />1,486
<br />(1,108)
<br />(75)
<br />INTEREST EXPENSE - METER DEP
<br />3,913
<br />11,729
<br />624
<br />2,500
<br />1,777
<br />165
<br />491
<br />11,238
<br />2,289
<br />Total For Other Operating Expense:
<br />3,489
<br />12,314
<br />3,685
<br />74,109
<br />234
<br />289
<br />2,984
<br />9,330
<br />313
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />3,198
<br />9,114
<br />11,750
<br />47,000
<br />(22)
<br />4,152
<br />10,845
<br />(1,731)
<br />(16)
<br />DISCONNECT/RECONNECT EXPEN
<br />1,542
<br />4,119
<br />5,499
<br />22,000
<br />(25)
<br />1,888
<br />4,378
<br />(259)
<br />(6)
<br />75
<br />
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