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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 APRIL 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 />APRIL
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%o
<br />APRIL
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />MTCE OF OH LINES/STANDBY
<br />2,982
<br />11,783
<br />13,333
<br />40,000
<br />(12)
<br />2,830
<br />11,294
<br />489
<br />4
<br />MTCE OF OH PRIMARY
<br />14,318
<br />54,273
<br />56,666
<br />170,000
<br />(4)
<br />14,968
<br />43,695
<br />10,577
<br />24
<br />MTCE OF URD PRIMARY
<br />15,060
<br />43,228
<br />56,666
<br />170,000
<br />(24)
<br />10,254
<br />51,724
<br />(8,496)
<br />(16)
<br />LOCATE ELECTRIC LINES
<br />8,989
<br />19,798
<br />35,333
<br />106,000
<br />(44)
<br />10,790
<br />24,290
<br />(4,492)
<br />(18)
<br />LOCATE FIBER LINES
<br />0
<br />33
<br />333
<br />1,000
<br />(90)
<br />48
<br />179
<br />(145)
<br />(81)
<br />MTCE OF LINE TRANSFORMERS
<br />737
<br />3,640
<br />20,000
<br />60,000
<br />(82)
<br />3,830
<br />9,515
<br />(5,874)
<br />(62)
<br />MTCE OF STREET LIGHTING
<br />3,054
<br />9,626
<br />15,000
<br />45,000
<br />(36)
<br />888
<br />6,924
<br />2,701
<br />39
<br />MTCE OF SECURITY LIGHTING
<br />2,780
<br />7,104
<br />5,000
<br />15,000
<br />42
<br />1,146
<br />4,862
<br />2,241
<br />46
<br />MTCE OF METERS
<br />4,024
<br />19,638
<br />28,333
<br />85,000
<br />(31)
<br />7,144
<br />27,645
<br />(8,007)
<br />(29)
<br />VOLTAGE COMPLAINTS
<br />505
<br />3,692
<br />3,333
<br />10,000
<br />11
<br />1,109
<br />2,397
<br />1,294
<br />54
<br />SALARIES TRANSMISSION & DIST
<br />2,001
<br />9,301
<br />10,166
<br />30,500
<br />(9)
<br />2,399
<br />9,089
<br />211
<br />2
<br />ELECTRIC MAPPING
<br />12,744
<br />67,022
<br />31,666
<br />95,000
<br />112
<br />5,962
<br />40,012
<br />27,010
<br />68
<br />MTCE OF OH SECONDARY
<br />2,088
<br />6,452
<br />8,333
<br />25,000
<br />(23)
<br />598
<br />4,335
<br />2,116
<br />49
<br />MTCE OF URD SECONDARY
<br />2,943
<br />13,112
<br />20,000
<br />60,000
<br />(34)
<br />5,528
<br />14,719
<br />(1,607)
<br />(11)
<br />TRANSPORTATION EXPENSE
<br />23,122
<br />117,899
<br />81,666
<br />245,000
<br />44
<br />28,400
<br />109,783
<br />8,116
<br />7
<br />Total For Maintenance Expense:
<br />136,607
<br />596,080
<br />613,500
<br />1,540,500
<br />(3)
<br />122,832
<br />504,826
<br />91,253
<br />18
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />208,332
<br />833,979
<br />837,404
<br />2,552,700
<br />0
<br />194,616
<br />777,364
<br />56,615
<br />7
<br />AMORTIZATION
<br />55,677
<br />222,711
<br />222,712
<br />668,136
<br />0
<br />55,677
<br />222,711
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />264,010
<br />1,056,691
<br />1,060,116
<br />3,220,836
<br />0
<br />250,294
<br />1,000,076
<br />56,615
<br />6
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />73,213
<br />294,052
<br />294,052
<br />870,695
<br />0
<br />75,850
<br />307,458
<br />(13,406)
<br />(4)
<br />AMORTIZATION OF DEBT DISCOU
<br />(4,988)
<br />(19,954)
<br />(19,954)
<br />(59,863)
<br />0
<br />(4,988)
<br />(20,857)
<br />903
<br />4
<br />Total For Interest Expense:
<br />68,224
<br />274,098
<br />274,098
<br />810,832
<br />0
<br />70,862
<br />286,600
<br />(12,502)
<br />(4)
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />187
<br />394
<br />2,577
<br />7,731
<br />(85)
<br />421
<br />1,729
<br />(1,335)
<br />(77)
<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 />1,000
<br />3,000
<br />(100)
<br />291
<br />(9)
<br />9
<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 />1,864
<br />(1,486)
<br />(80)
<br />INTEREST EXPENSE - METER DEP
<br />3,970
<br />15,700
<br />833
<br />2,500
<br />1,785
<br />166
<br />657
<br />15,042
<br />2,290
<br />Total For Other Operating Expense:
<br />4,157
<br />16,472
<br />4,788
<br />74,109
<br />244
<br />1,257
<br />4,241
<br />12,230
<br />288
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />3,319
<br />12,433
<br />15,666
<br />47,000
<br />(21)
<br />4,631
<br />15,476
<br />(3,042)
<br />(20)
<br />DISCONNECT/RECONNECT EXPEN
<br />1,353
<br />5,473
<br />7,333
<br />22,000
<br />(25)
<br />1,746
<br />6,125
<br />(652)
<br />(11)
<br />156
<br />
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