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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 />BUDGETWater
<br />Revenue
<br />Operating Revenue
<br /> Water Sales
<br />WATER SALES RESIDENTIAL 175,581 599,011285,791 503,987727,539 44 211,397,043 128,527
<br />WATER SALES COMMERCIAL 88,842 328,518101,687 301,528360,217 19 10850,022 31,698
<br />WATER SALES IRRIGATION 24,148 36,13551,152 30,80374,247 141 105256,349 38,111
<br />438,630 1,162,003 836,319 288,571 963,66539 21Total For Water Sales:2,503,414 198,338
<br />Total Operating Revenue
<br />288,571 963,665438,630 836,3191,162,003 39 212,503,414 198,338
<br />438,630 1,162,003 836,319 288,571 963,66539 21Total For Total Operating Revenue:2,503,414 198,338
<br />Other Operating Revenue
<br /> Interest/Dividend Income
<br />INTEREST & DIVIDEND INCOME (3,391)(30,388)2,253 17,50016,356 (7) 15435,000 46,744
<br />OTHER INTEREST/MISC REVENUE 0 007500(100)01,500 0
<br />2,253 16,356 18,250 (3,391)(30,388)(10) 154Total For Interest/Dividend Income:36,500 46,744
<br /> Customer Penalties
<br />CUSTOMER PENALTIES 1,019 5,0091,134 13,9997,282 (48)4528,000 2,272
<br />1,134 7,282 13,999 1,019 5,009(48)45Total For Customer Penalties:28,000 2,272
<br /> Connection Fees
<br />WATER/ACCESS/CONNECTION FE 135,990 770,35611,190 225,00094,325 (58)(88)450,000 (676,030)
<br />CUSTOMER CONNECTION FEES 9,142 34,53296619,9995,404 (73)(84)40,000 (29,127)
<br />BULK WATER SALES/HYDRANT R 114 1,73680513,9997,146 (49)31128,000 5,409
<br />12,961 106,877 258,999 145,246 806,625(59)(87)Total For Connection Fees:518,000 (699,747)
<br /> Misc Revenue
<br />MISC NON-UTILITY 0 2502520(20)(20)50 (5)
<br />MISCELLANEOUS REVENUE 287 28702502584 (10)500 (28)
<br />HYDRANT MAINTENANCE PROGR 980 6,2149756,7506,756 0 913,500 541
<br />CONTRIBUTIONS FROM DEVELOP 0 00000 065,000 0
<br />WATER TOWER LEASE 23,934 141,3420000 (100)296,984 (141,342)
<br />975 7,034 7,025 25,202 147,8690 (95)Total For Misc Revenue:376,034 (140,834)
<br />Total Other Revenue
<br />168,078 929,11617,323 298,275137,550 (54)(85)958,534 (791,565)
<br />17,323 137,550 298,275 168,078 929,116(54)(85)Total For Total Other Revenue:958,534 (791,565)
<br />456,649 1,892,781455,954 1,134,594Total Revenue 1,299,554 15 (31)3,461,948 (593,227)
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