|
ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />2024 WATER BUDGET
<br />2024 Annual
<br />2023 Annual
<br />2022 Annual
<br />Water
<br />Budget
<br />Budget
<br />Actual
<br />Interest Expense
<br />596.8071 INTEREST EXPENSE - BONDS
<br />40,600
<br />43,000
<br />46,371
<br />597.8281 AMORTIZATION OF DEBT DISCOUNT/PREMIUM
<br />(6,651)
<br />(6,651)
<br />(6,650)
<br />Total for Interest Expense:
<br />33,949
<br />36,349
<br />39,720
<br />Other Operating Expense
<br />597.8213 LOSS ON DISPOSITION OF PROP (CAPITAL)
<br />14,000
<br />500
<br />9,150 Meters (due to AMI)
<br />597.8264 DAM MAINTENANCE EXPENSE
<br />2,000
<br />1,750
<br />1,555
<br />597.8302 PENSION EXPENSE
<br />16,000
<br />-
<br />68,974 GASB 68
<br />597.8311 OTHER INTEREST EXPENSE
<br />-
<br />95
<br />1,222
<br />597.8341 INTEREST EXPENSE - METER DEPOSITS
<br />1,260
<br />125
<br />53 Increased interest rates
<br />Total for Other Operating Expense:
<br />33,260
<br />2,470
<br />80,954
<br />Customer Accounts Expense
<br />900.9021 METER READING EXPENSE
<br />2,500
<br />-
<br />2,347
<br />900.9051 MISC CUSTOMER ACCOUNTS EXPENSE UTILITY
<br />89,000
<br />81,620
<br />78,909
<br />900.9061 BAD DEBT EXPENSE & RECOVERY
<br />250
<br />250
<br />28
<br />Total for Customer Accounts Expense:
<br />91,750
<br />84,370
<br />81,285
<br />Administrative Expense
<br />920.9201 SALARIES OFFICE & COMMISSION
<br />285,000
<br />268,500
<br />234,617
<br />920.9205 TEMPORARY STAFFING
<br />1,000
<br />1,000
<br />-
<br />920.9211 OFFICE SUPPLIES
<br />37,000
<br />25,500
<br />14,865
<br />920.9212 ELECTRIC & WATER CONSUMPTION - OFFICE
<br />11,000
<br />8,000
<br />8,579
<br />920.9213 BANK FEES
<br />600
<br />625
<br />516
<br />920.9221 LEGAL FEES
<br />9,000
<br />9,000
<br />7,339
<br />920.9231 AUDITING FEES
<br />6,000
<br />4,630
<br />4,509
<br />920.9241INSURANCE
<br />43,000
<br />36,000
<br />30,952
<br />920.926 UTILITY SHARE - DEFERRED COMP
<br />21,000
<br />30,500
<br />19,528
<br />920.9261 UTILITYSHARE- MEDICAL/DENTAL/DISABIL
<br />220,000
<br />215,000
<br />209,590
<br />920.9262 UTILITY SHARE - PERA
<br />56,000
<br />54,000
<br />53,758
<br />920.9263 UTILITY SHARE - FICA
<br />54,000
<br />52,000
<br />51,807
<br />920.9264 EMPLOYEE SICK PAY
<br />29,000
<br />27,000
<br />25,671
<br />920.9265 EMPLOYEE HOLIDAY PAY
<br />32,000
<br />30,800
<br />24,827
<br />920.9266 EMPLOYEE VACATION & PTO PAY
<br />52,000
<br />44,000
<br />46,185
<br />920.9267 UPMIC DISTRIBUTION
<br />21,000
<br />18,069
<br />13,761
<br />920.929 LONGEVITY PAY
<br />837
<br />3,106
<br />620
<br />920.9268 WELLHEAD PROTECTION
<br />2,000
<br />10,000
<br />4,724
<br />920.9291 CONSULTING FEES
<br />43,900
<br />35,000
<br />20,055 AE2S, NISC, Rate Study, Comp Study
<br />920.9301 TELEPHONE
<br />9,000
<br />9,500
<br />8,900
<br />920.9302 ADVERTISING
<br />5,000
<br />6,500
<br />2,933
<br />920.9303 DUES & SUBSCRIPTIONS - FEES
<br />88,114
<br />78,320
<br />75,541
<br />920.9305 SCHOOLS & MEETINGS
<br />61,073
<br />63,705
<br />41,818
<br />920.9321 MTCE OF GENERAL PLANT & OFFICE HEATING
<br />3,100
<br />1,900
<br />2,920
<br />Total for Administrative Expense:
<br />1,090,624
<br />1,032,655
<br />904,027
<br />General Expense
<br />920.9269 CIP REBATES - RESIDENTIAL
<br />5,000
<br />10,500
<br />834
<br />920.927CIP REBATES -COMMERCIAL
<br />500
<br />500
<br />-
<br />920.9272 CIP - MARKETING
<br />2,000
<br />500
<br />613
<br />920.9273 CIP - LABOR
<br />5,000
<br />4,700
<br />4,502 CIP Specialist
<br />920.9281 ENVIRONMENTAL COMPLIANCE
<br />2,500
<br />2,200
<br />1,578
<br />920.9306 MISC GENERAL EXPENSE
<br />250
<br />250
<br />-
<br />Total for General Expense:
<br />15,250
<br />18,650
<br />7,529
<br />Total Expenses (before Operating Transfers)
<br />3,593,242
<br />3,408,081
<br />3,217,536
<br />Operating Transfer
<br />Utilities & Labor Donated
<br />597.8261 WATER & LABOR DONATED TO CITY
<br />1,500
<br />1,500
<br />539
<br />Total Operating Transfer
<br />Total for Total Operating Transfer:
<br />1,500
<br />1,500
<br />540
<br />Net Income Profit(Loss)
<br />113,318
<br />52,367
<br />2,653,396
<br />Total Expense
<br />3,594,742
<br />3,409,580
<br />3,218,076
<br />Budget Change Year over Year
<br />5.4%
<br />
|