|
202320232023YTD 202320222022 YTD Budget ANNUALElectricBUDGET VarianceBUDGETVariance Item3,886,613 18,409,096 18,952,931 (543,835) (3) 42,041,326 3,382,371 16,688,11510374,625 1,697,899 1,473,031 224,868 15 3,385,657 298,244 1,446,11017 (1)19,878 103,900 108,978 (5,078) (5) 238,658 16,161 92,2981325,520 126,265 130,035 (3,770) (3) 285,471 19,748 112,8791221,625 129,432 130,000(568) (0) 260,000 21,496 128,76514002,4002,4000 04,800 308,770 1,232,613(100) (2)4,328,660 20,468,993 20,797,375 (328,382) (2) 46,215,912 4,046,789 19,700,78043,068 34,055 25,0009,055 36 50,000 (16,178) (138,279)125 (3)20,399 139,618 125,000 14,618 12 250,000 30,878 115,7892100000099,232 484,224(100) (4)11,425 57,841 110,000 (52,159) (47) 220,000 21,000 87,220(34) (5)174,938 651,891 468,115 183,776 39 936,231 106,067 521,17825 (6)209,830 883,406 728,115 155,291 21 1,456,231 240,998 1,070,132(17)4,538,490 21,352,399 21,525,491 (173,092) (1) 47,672,143 4,287,788 20,770,91233,429,531 14,777,070 15,319,770 (542,700) (4) 32,766,025 3,429,171 14,871,103(1)18,547 189,739 166,200 23,539 14 321,000 15,102 122,09155 (7)00000058,280 340,522(100) (8)6,560 32,979 35,000 (2,021) (6) 70,0005,645 33,230(1)30,863 251,636 183,525 68,111 37 369,466 23,733 196,76928 (9)104,051 834,602 834,750(148) (0) 1,540,500 137,692 765,9069261,223 1,582,048 1,590,174 (8,126) (1) 3,220,836 248,804 1,497,282668,225 410,547 410,5470 0 810,832 70,862 428,324(4)4,227 24,9946,993 18,001 257 74,1093,488 17,4414330,091 216,921 200,750 16,171 8 401,500 30,733 180,10620 (10)297,018 2,005,999 2,126,650 (120,651) (6) 4,128,585 302,445 1,886,722640,130 196,230 291,305 (95,075) (33) 582,609 77,568 201,011(2) (11)4,290,464 20,522,766 21,165,664(3) 44,285,462 4,403,522 20,540,508(0)156,164 773,143 758,117 15,025 2 1,681,653 135,996 700,0221018,046 141,819 120,000 21,819 18 240,0007,876 112,70426 (12)174,209 914,962 878,117 36,844 4 1,921,653 143,872 812,7261373,817 (85,329) (518,291) 432,962 84 1,465,028 (259,607) (582,322)85Item Variance of +/- $25,000 and +/- 15%(1) YTD Budget and PYTD variance is due to increased usage and PCA revenue in 2023. (2) PYTD variance due to accrual of PCA revenue in 2022 (See Rate Increase on Detailed Statement). (3) PYTD variance is due to the change in Fair Market Value of Investments. (4) PYTD variance is due to the LFG Project coming to an end in 2022.(5)YTD Budget variance is due to a even budget spread and PTYD variance is due to less fees in 2023.(6)YTD Budget variance is mainly due to contribution from customers which has an even budget spread. PTYD variance is mainly due to contribution from customers and transmission investments.(7) YTD Budget and PYTD variance is mainly due to increased labor for snow removal, additional supplies and increased electric and natural gas expense for new field services building in 2023. (8) PYTD variance is due to the LFG Project coming to an end in 2022.(9)(10)(11)YTD Budget variance is mainly due to less rebate dollars spent than budgeted.(12)PYTD variance due Furniture & Things energy audit expense of $29K. Total Operating Transfer102,236 Net Income Profit(Loss)496,993YTD Budget variance is due to an even budget spread for misc distribution expense. PYTD variance is due to increased labor (inventory, tool repair, maintenance of rubber goods, electrical apparatus maintenance/repair, and grounds testing/maintenance) and uniform expense in 2023. PYTD variance is mainly due to increased credit card fees/charges and bad debt expense due to 6 year statute of limitation. Utilities & Labor Donated29,115 Customer Accounts Expense36,816 Administrative Expense119,278 General Expense(4,782) Total Expenses(before Operating Transfers)(17,742)Operating Transfer Operating Transfer/Other Funds73,121 Depreciation & Amortization84,766 Interest Expense(17,777) Other Operating Expense7,553 Transmission Expense(251) Distribution Expense54,867 Maintenance Expense68,696 Landfill Gas(340,522) Misc Revenue130,713 Total Other Revenue(186,726) Total Revenue581,486Expenses Purchased Power(94,033) Operating & Mtce Expense67,648 Customer Penalties23,829 LFG Project(484,224) Connection Fees(29,379) Interest/Dividend Income172,335 Rural Big Lake11,602 Dayton13,386 Public St & Hwy Lighting668 Other Electric Sales(1,230,213) Total Operating Revenue768,213Other Operating RevenueRevenueOperating Revenue Elk River1,720,980 Otsego251,789ELK RIVER MUNICIPAL UTILITIESELK RIVER, MINNESOTASTATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITIONFOR PERIOD ENDING JUNE 20232023 YTD Bud Var% YTD 2022 v. 2023 Actual Var%JUNE YTDJUNE YTD VARIANCE58
|