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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 SEPTEMBER 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 />SEPTEMBER
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />SEPTEMBER
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />MTCE OF OH LINES/STANDBY
<br />2,382
<br />26,410
<br />29,999
<br />40,000
<br />(12)
<br />2,866
<br />25,593
<br />816
<br />3
<br />MTCE OF OH PRIMARY
<br />16,112
<br />121,318
<br />127,500
<br />170,000
<br />(5)
<br />13,757
<br />146,267
<br />(24,949)
<br />(17)
<br />MTCE OF URD PRIMARY
<br />19,138
<br />173,847
<br />127,500
<br />170,000
<br />36
<br />21,614
<br />159,101
<br />14,746
<br />9
<br />LOCATE ELECTRIC LINES
<br />10,717
<br />75,995
<br />79,499
<br />106,000
<br />(4)
<br />9,130
<br />76,097
<br />(101)
<br />0
<br />LOCATE FIBER LINES
<br />0
<br />269
<br />749
<br />1,000
<br />(64)
<br />114
<br />619
<br />(349)
<br />(56)
<br />MTCE OF LINE TRANSFORMERS
<br />3,308
<br />69,145
<br />45,000
<br />60,000
<br />54
<br />2,645
<br />23,880
<br />45,265
<br />190
<br />MTCE OF STREET LIGHTING
<br />(2,031)
<br />28,533
<br />33,750
<br />45,000
<br />(15)
<br />3,729
<br />37,946
<br />(9,413)
<br />(25)
<br />MTCE OF SECURITY LIGHTING
<br />1,854
<br />14,656
<br />11,250
<br />15,000
<br />30
<br />453
<br />13,825
<br />830
<br />6
<br />MTCE OF METERS
<br />11,912
<br />52,971
<br />63,749
<br />85,000
<br />(17)
<br />5,286
<br />62,026
<br />(9,055)
<br />(15)
<br />VOLTAGE COMPLAINTS
<br />1,230
<br />9,705
<br />7,499
<br />10,000
<br />29
<br />412
<br />5,536
<br />4,168
<br />75
<br />SALARIES TRANSMISSION & DIST
<br />2,239
<br />20,921
<br />22,875
<br />30,500
<br />(9)
<br />2,527
<br />21,032
<br />(111)
<br />(1)
<br />ELECTRIC MAPPING
<br />2,947
<br />93,060
<br />71,250
<br />95,000
<br />31
<br />5,266
<br />67,539
<br />25,520
<br />38
<br />MTCE OF OH SECONDARY
<br />1,571
<br />19,322
<br />18,749
<br />25,000
<br />3
<br />3,441
<br />16,085
<br />3,236
<br />20
<br />MTCE OF URD SECONDARY
<br />6,177
<br />45,465
<br />45,000
<br />60,000
<br />1
<br />6,513
<br />48,856
<br />(3,390)
<br />(7)
<br />TRANSPORTATION EXPENSE
<br />19,325
<br />212,989
<br />183,750
<br />245,000
<br />16
<br />28,612
<br />216,143
<br />(3,153)
<br />(1)
<br />Total For Maintenance Expense:
<br />123,833
<br />1,270,305
<br />1,166,625
<br />1,540,500
<br />9
<br />116,282
<br />1,118,673
<br />151,632
<br />14
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />208,189
<br />1,871,068
<br />1,894,159
<br />2,552,700
<br />(1)
<br />194,061
<br />1,747,494
<br />123,574
<br />7
<br />AMORTIZATION
<br />55,677
<br />501,101
<br />501,102
<br />668,136
<br />0
<br />55,677
<br />501,101
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />263,867
<br />2,372,170
<br />2,395,261
<br />3,220,836
<br />(1)
<br />249,738
<br />2,248,595
<br />123,574
<br />5
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />71,400
<br />656,492
<br />656,492
<br />870,695
<br />0
<br />74,413
<br />683,835
<br />(27,343)
<br />(4)
<br />AMORTIZATION OF DEBT DISCOU
<br />(4,988)
<br />(44,896)
<br />(44,896)
<br />(59,863)
<br />0
<br />(4,988)
<br />(45,800)
<br />903
<br />2
<br />Total For Interest Expense:
<br />66,412
<br />611,595
<br />611,595
<br />810,832
<br />0
<br />69,424
<br />638,035
<br />(26,439)
<br />(4)
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />209
<br />1,550
<br />5,798
<br />7,731
<br />(73)
<br />1,311
<br />5,128
<br />(3,577)
<br />(70)
<br />LOSS ON DISPOSITION OF PROP (C
<br />0
<br />13,073
<br />15,500
<br />15,500
<br />(16)
<br />0
<br />0
<br />13,073
<br />0
<br />OTHER DONATIONS
<br />0
<br />108
<br />2,250
<br />3,000
<br />(95)
<br />1,938
<br />3,483
<br />(3,374)
<br />(97)
<br />MUTUAL AID
<br />0
<br />4,415
<br />0
<br />0
<br />0
<br />8,994
<br />19,627
<br />(15,211)
<br />(78)
<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 />3,754
<br />(3,376)
<br />(90)
<br />INTEREST EXPENSE - METER DEP
<br />4,055
<br />35,676
<br />1,874
<br />2,500
<br />1,803
<br />168
<br />1,490
<br />34,186
<br />2,294
<br />Total For Other Operating Expense:
<br />4,264
<br />55,203
<br />25,801
<br />74,109
<br />114
<br />12,790
<br />33,483
<br />21,719
<br />65
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />4,178
<br />31,367
<br />35,250
<br />47,000
<br />(11)
<br />4,519
<br />36,429
<br />(5,062)
<br />(14)
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