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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 />DISCONNECT/RECONNECT EXPEN 2,633 10,7502,483 10,99910,800 (2)022,000 50
<br />MISC CUSTOMER ACCOUNTS EXP 23,435 142,08125,337 156,250163,606 5 15312,500 21,524
<br />BAD DEBT EXPENSE & RECOVER 670 3,454(1,121)10,00022,659 127 55620,000 19,204
<br />30,090 216,921 200,750 30,732 180,1058 20Total For Customer Accounts Expense:401,500 36,815
<br /> Administrative Expense
<br />SALARIES OFFICE & COMMISSION 69,468 388,74165,254 475,000403,705 (15)4950,000 14,964
<br />TEMPORARY STAFFING 0 001,9990 (100)04,000 0
<br />OFFICE SUPPLIES 7,153 37,3739,995 53,50066,313 24 77107,000 28,940
<br />ELECTRIC & WATER CONSUMPTI 2,551 11,9262,821 14,50014,680 1 2329,000 2,753
<br />BANK FEES 130 9401301,249879 (30)(7)2,500 (61)
<br />LEGAL FEES 2,726 16,44067219,99911,304 (43)(31)40,000 (5,135)
<br />AUDITING FEES 1,503 9,0191,623 9,25910,699 16 1918,520 1,680
<br />INSURANCE 22,563 91,44016,709 93,000110,498 19 21186,000 19,057
<br />UTILITY SHARE - DEFERRED COM 8,328 75,3708,408 61,99979,446 28 5124,000 4,076
<br />UTILITY SHARE - MEDICAL/DENT 68,347 478,72255,209 492,218473,812 (4)(1)858,481 (4,910)
<br />UTILITY SHARE - PERA 22,997 135,78323,880 144,000145,024 1 7288,000 9,240
<br />UTILITY SHARE - FICA 22,716 131,29323,886 139,999141,324 1 8280,000 10,031
<br />EMPLOYEE SICK PAY 8,355 77,6908,999 75,00085,998 15 11150,000 8,308
<br />EMPLOYEE HOLIDAY PAY 0 38,93413,759 57,27270,503 23 81157,500 31,569
<br />EMPLOYEE VACATION & PTO PA 17,851 131,27318,868 136,000148,947 10 13250,000 17,673
<br />UPMIC DISTRIBUTION 11,239 21,81517,644 45,50736,462 (20)6791,015 14,646
<br />LONGEVITY PAY 1,550 1,5505,580 7,5047,503 0 38416,369 5,953
<br />CONSULTING FEES 13,082 54,198040,0003,415 (91)(94)80,000 (50,783)
<br />TELEPHONE 3,098 17,5233,024 20,50018,933 (8)841,000 1,410
<br />ADVERTISING 1,885 7,7299987,5007,033 (6)(9)15,000 (695)
<br />DUES & SUBSCRIPTIONS - FEES 9,681 59,3149,599 86,33758,652 (32)(1)172,675 (661)
<br />SCHOOLS & MEETINGS 6,604 95,9838,947 140,500104,843 (25)9259,925 8,860
<br />MTCE OF GENERAL PLANT & OFFI 609 3,6561,002 3,7996,016 58 657,600 2,359
<br />297,017 2,005,999 2,126,650 302,445 1,886,721(6)6Total For Administrative Expense:4,128,585 119,277
<br /> General Expense
<br />CIP REBATES - RESIDENTIAL 4,755 24,35210,151 50,08526,476 (47)9100,170 2,124
<br />CIP REBATES - COMMERCIAL 50,443 61,1265,705 94,79140,004 (58)(35)189,583 (21,122)
<br />CIP - ADMINISTRATION 424 2,5871,885 9,8506,467 (34)15019,700 3,879
<br />CIP - MARKETING 5,209 14,2432,648 15,01920,917 39 4730,039 6,674
<br />CIP - LABOR 13,305 73,74511,283 89,25571,541 (20)(3)178,511 (2,203)69
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