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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 JUNE 2023
<br />2023
<br />JUNE
<br />2022
<br />JUNE
<br />2023
<br />YTD
<br />2022
<br />YTD
<br />2023
<br /> YTD
<br />BUDGET
<br />2023 YTD
<br />Bud Var%
<br />2022 v. 2023
<br />Actual Var%
<br /> YTD
<br />VARIANCE
<br />2023
<br /> ANNUAL
<br />BUDGETElectric
<br />MTCE OF OH LINES/STANDBY 2,269 16,8832,287 19,99917,231 (14)240,000 347
<br />MTCE OF OH PRIMARY 13,839 81,61913,641 85,00082,110 (3)1170,000 490
<br />MTCE OF URD PRIMARY 16,437 96,68620,752 85,00091,607 8 (5)170,000 (5,078)
<br />LOCATE ELECTRIC LINES 12,624 46,67010,770 52,99943,577 (18)(7)106,000 (3,093)
<br />LOCATE FIBER LINES 130 375101499236(53)(37)1,000 (139)
<br />MTCE OF LINE TRANSFORMERS 714 13,6093,355 30,00011,143 (63)(18)60,000 (2,465)
<br />MTCE OF STREET LIGHTING 15,045 26,2372,756 22,50016,691 (26)(36)45,000 (9,546)
<br />MTCE OF SECURITY LIGHTING 2,099 7,6922,346 7,50010,532 40 3715,000 2,840
<br />MTCE OF METERS 10,053 44,0553,883 42,49927,440 (35)(38)85,000 (16,615)
<br />VOLTAGE COMPLAINTS 997 3,5848564,9995,780 16 6110,000 2,196
<br />SALARIES TRANSMISSION & DIST 2,448 13,9312,235 15,25014,172 (7)230,500 240
<br />ELECTRIC MAPPING 8,603 53,8255,976 47,50078,028 64 4595,000 24,203
<br />MTCE OF OH SECONDARY 3,321 9,3682,966 12,49910,938 (12)1725,000 1,569
<br />MTCE OF URD SECONDARY 14,603 33,9825,142 30,00024,169 (19)(29)60,000 (9,812)
<br />TRANSPORTATION EXPENSE 23,764 150,06210,183 122,500153,717 25 2245,000 3,655
<br />104,051 834,602 834,750 137,691 765,9060 9Total For Maintenance Expense:1,540,500 68,695
<br /> Depreciation & Amortization
<br />DEPRECIATION 193,125 1,163,214205,544 1,256,1061,247,980 (1)72,552,700 84,766
<br />AMORTIZATION 55,677 334,06755,677 334,068334,067 0 0668,136 0
<br />261,222 1,582,047 1,590,174 248,803 1,497,281(1)6Total For Depreciation & Amortization:3,220,836 84,766
<br /> Interest Expense
<br />INTEREST EXPENSE - BONDS 75,850 459,15973,213 440,478440,478 0 (4)870,695 (18,681)
<br />AMORTIZATION OF DEBT DISCOU (4,988)(30,834)(4,988)(29,931)(29,931)0 3(59,863)903
<br />68,224 410,547 410,547 70,862 428,3240 (4)Total For Interest Expense:810,832 (17,777)
<br /> Other Operating Expense
<br />EV CHARGING EXPENSE 594 2,7352513,865856 (78)(69)7,731 (1,878)
<br />LOSS ON DISPOSITION OF PROP (C 0 00000 015,500 0
<br />OTHER DONATIONS 472 46301,500108 (93)(77)3,000 (355)
<br />MUTUAL AID 1,876 10,6320000 (100)0 (10,632)
<br />PENSION EXPENSE 0 00000 045,000 0
<br />OTHER INTEREST EXPENSE 378 2,62003783780 (86)378 (2,242)
<br />INTEREST EXPENSE - METER DEP 166 9893,975 1,24923,650 1,792 2,2892,500 22,661
<br />4,226 24,993 6,993 3,487 17,441257 43Total For Other Operating Expense:74,109 7,552
<br /> Customer Accounts Expense
<br />METER READING EXPENSE 3,992 23,8193,390 23,50019,855 (16)(17)47,000 (3,963)
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