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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 />MISC CUSTOMER ACCOUNTS EXP
<br />27,579
<br />80,233
<br />78,125
<br />312,500
<br />3
<br />23,380
<br />69,171
<br />11,062
<br />16
<br />BAD DEBT EXPENSE & RECOVER
<br />1,693
<br />1,813
<br />5,000
<br />20,000
<br />(64)
<br />159
<br />1,253
<br />559
<br />45
<br />Total For Customer Accounts Expense:
<br />34,014
<br />95,281
<br />100,375
<br />401,500
<br />(5)
<br />29,579
<br />85,649
<br />9,631
<br />11
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />76,000
<br />205,674
<br />237,500
<br />950,000
<br />(13)
<br />66,573
<br />185,905
<br />19,769
<br />11
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />999
<br />4,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />10,141
<br />37,996
<br />26,750
<br />107,000
<br />42
<br />9,948
<br />19,071
<br />18,925
<br />99
<br />ELECTRIC & WATER CONSUMPTI
<br />(4,646)
<br />6,747
<br />7,250
<br />29,000
<br />(7)
<br />1,794
<br />5,372
<br />1,374
<br />26
<br />BANK FEES
<br />141
<br />460
<br />624
<br />2,500
<br />(26)
<br />164
<br />530
<br />(69)
<br />(13)
<br />LEGAL FEES
<br />3,445
<br />7,108
<br />9,999
<br />40,000
<br />(29)
<br />2,046
<br />6,472
<br />636
<br />10
<br />AUDITING FEES
<br />1,623
<br />4,869
<br />4,629
<br />18,520
<br />5
<br />1,503
<br />4,509
<br />360
<br />8
<br />INSURANCE
<br />16,356
<br />49,069
<br />46,500
<br />186,000
<br />6
<br />13,262
<br />39,788
<br />9,280
<br />23
<br />UTILITY SHARE - DEFERRED COM
<br />16,877
<br />51,406
<br />30,999
<br />124,000
<br />66
<br />11,726
<br />44,830
<br />6,576
<br />15
<br />UTILITY SHARE - MEDICAUDENT
<br />59,564
<br />301,509
<br />309,087
<br />858,481
<br />(2)
<br />60,605
<br />289,419
<br />12,090
<br />4
<br />UTILITY SHARE - PERA
<br />24,976
<br />70,015
<br />72,000
<br />288,000
<br />(3)
<br />23,433
<br />63,078
<br />6,937
<br />11
<br />UTILITY SHARE - FICA
<br />23,934
<br />67,044
<br />69,999
<br />280,000
<br />(4)
<br />22,680
<br />60,578
<br />6,466
<br />11
<br />EMPLOYEE SICK PAY
<br />14,357
<br />56,864
<br />37,500
<br />150,000
<br />52
<br />14,732
<br />47,382
<br />9,482
<br />20
<br />EMPLOYEE HOLIDAY PAY
<br />0
<br />43,372
<br />42,954
<br />157,500
<br />1
<br />0
<br />25,174
<br />18,197
<br />72
<br />EMPLOYEE VACATION & PTO PA
<br />28,574
<br />92,324
<br />79,000
<br />250,000
<br />17
<br />13,258
<br />70,159
<br />22,165
<br />32
<br />UPMIC DISTRIBUTION
<br />20,521
<br />20,521
<br />22,753
<br />91,015
<br />(10)
<br />10,576
<br />10,576
<br />9,944
<br />94
<br />LONGEVITY PAY
<br />1,923
<br />1,923
<br />1,924
<br />16,369
<br />0
<br />0
<br />0
<br />1,923
<br />0
<br />CONSULTING FEES
<br />0
<br />0
<br />20,000
<br />80,000
<br />(100)
<br />13,318
<br />26,397
<br />(26,397)
<br />(100)
<br />TELEPHONE
<br />3,445
<br />9,776
<br />10,250
<br />41,000
<br />(5)
<br />2,992
<br />8,521
<br />1,254
<br />15
<br />ADVERTISING
<br />1,296
<br />3,849
<br />3,750
<br />15,000
<br />3
<br />1,241
<br />3,403
<br />446
<br />13
<br />DUES & SUBSCRIPTIONS - FEES
<br />10,005
<br />29,339
<br />43,168
<br />172,675
<br />(32)
<br />11,587
<br />29,336
<br />3
<br />0
<br />SCHOOLS & MEETINGS
<br />22,236
<br />43,423
<br />78,500
<br />259,925
<br />(45)
<br />27,196
<br />53,417
<br />(9,994)
<br />(19)
<br />MTCE OF GENERAL PLANT & OFFI
<br />1,002
<br />3,008
<br />1,899
<br />7,600
<br />58
<br />609
<br />1,828
<br />1,179
<br />65
<br />Total For Administrative Expense:
<br />331,779
<br />1,106,308
<br />1,158,043
<br />4,128,585
<br />(4)
<br />309,252
<br />995,755
<br />110,553
<br />11
<br />General Expense
<br />CIP REBATES - RESIDENTIAL
<br />3,265
<br />10,215
<br />25,042
<br />100,170
<br />(59)
<br />3,777
<br />13,507
<br />(3,292)
<br />(24)
<br />CIP REBATES - COMMERCIAL
<br />6,000
<br />27,393
<br />47,395
<br />189,583
<br />(42)
<br />6,050
<br />10,683
<br />16,710
<br />156
<br />CIP - ADMINISTRATION
<br />2,086
<br />3,658
<br />4,925
<br />19,700
<br />(26)
<br />424
<br />1,313
<br />2,344
<br />178
<br />CIP - MARKETING
<br />3,141
<br />9,117
<br />7,509
<br />30,039
<br />21
<br />3,322
<br />5,914
<br />3,202
<br />54
<br />CIP - LABOR
<br />13,343
<br />37,142
<br />44,627
<br />178,511
<br />(17)
<br />12,870
<br />34,504
<br />2,637
<br />8
<br />CIP REBATES - LOW INCOME
<br />4,270
<br />4,270
<br />4,500
<br />18,000
<br />(5)
<br />0
<br />4,185
<br />85
<br />2
<br />76
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