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Water
<br />Revenue
<br />Operating Revenue
<br />Water Sales
<br />Total Operating Revenue
<br />Other Operating Revenue
<br />Interest/Dividend Income
<br />Customer Penalties
<br />Connection Fees
<br />Misc Revenue
<br />Total Other Revenue
<br />Total Revenue
<br />Expenses
<br />Production Expense
<br />Pumping Expense
<br />Distribution Expense
<br />Depreciation & Amortization
<br />Interest Expense
<br />Other Operating Expense
<br />Customer Accounts Expense
<br />Administrative Expense
<br />General Expense
<br />Total Expenses(before Operating Transfers)
<br />Operating Transfer
<br />Utilities & Labor Donated
<br />Total Operating Transfer
<br />Net Income Proflt(Loss)
<br />ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET
<br />POSITION
<br />FOR PERIOD ENDING OCTOBER 2023
<br />2023
<br />2023
<br />2023 YTD 2023 YTD
<br />2023
<br />2022
<br />2022
<br />YTD
<br />2022 v.
<br />OCTOBER
<br />YTD
<br />YTD Budget Bud Var%
<br />ANNUAL
<br />OCTOBER
<br />YTD VARIANCE
<br />2023 Actual
<br />BUDGET Variance
<br />BUDGET
<br />Var%
<br />Variance
<br />Item
<br />321,585
<br />2,977,421
<br />2,228,138 L 749,283
<br />2,503,414
<br />291,424
<br />2,570,885
<br />406,536
<br />-(1)
<br />321,585
<br />2,977,421
<br />2,228,138 749,283 34
<br />2,503,414
<br />291,424
<br />2,570,885
<br />406,536
<br />16
<br />5,629
<br />36,617
<br />30,417 6,200 20
<br />36,500
<br />(2,973)
<br />(40,922)�539
<br />�(2)
<br />2,564
<br />20,095
<br />23,333 (3,238) (14)
<br />28,000
<br />3,173
<br />22,548
<br />(2,453)
<br />(11)
<br />54,676
<br />222,881
<br />431,667 (208,785)�
<br />518,000
<br />52,909
<br />1,364,475 IF'
<br />(1,141,594)
<br />(3)
<br />1,390
<br />15,842
<br />11,708 4,133 35
<br />376,034
<br />25,223
<br />249,309
<br />(233,467)
<br />(4)
<br />64,260
<br />295,435
<br />497,125 (201,690) (41)
<br />958,534
<br />78,332
<br />1,595,410
<br />(1,299,976)
<br />(81)
<br />385,845
<br />3,272,856
<br />2,725,263 547,593 20
<br />3,461,948
<br />369,756
<br />4,166,295
<br />(893,440)
<br />(21)
<br />11,359
<br />89,490
<br />75,000
<br />14,490
<br />19
<br />90,000
<br />20,224
<br />89,445
<br />45
<br />0
<br />37,220
<br />502,453
<br />502,500
<br />(47)
<br />(0)
<br />603,000
<br />43,803
<br />478,840
<br />23,613
<br />5
<br />23,308
<br />286,595
<br />285,342
<br />1,253
<br />0
<br />337,650
<br />21,138
<br />259,777
<br />26,818
<br />10
<br />97,539
<br />976,185
<br />988,141
<br />(11,956)
<br />(1)
<br />1,202,937
<br />91,957
<br />921,122
<br />55,063
<br />6
<br />2,912
<br />30,524
<br />30,524
<br />0
<br />0
<br />36,349
<br />3,112
<br />33,496
<br />(2,971)
<br />(9)
<br />274
<br />3,019
<br />1,658
<br />1,362
<br />82
<br />2,470
<br />343
<br />2,507
<br />512
<br />20
<br />8,906
<br />74,980
<br />70,308
<br />4,672
<br />7
<br />84,370
<br />7,409
<br />67,459
<br />7,521
<br />11
<br />66,363
<br />766,142
<br />856,349
<br />(90,207)
<br />(11)
<br />1,032,655
<br />63,785
<br />756,340
<br />9,802
<br />1
<br />61
<br />4,681
<br />15,542
<br />(10,861)
<br />(70)
<br />18,650
<br />462
<br />6,690
<br />(2,009)
<br />(30)
<br />247,943
<br />2,734,069
<br />2,825,363
<br />(91,294)
<br />(3)
<br />3,408,081
<br />252,235
<br />2,615,675
<br />118,394
<br />5
<br />0 0 1,250 (1,250) (100) 1,500 540 540 (540) (100)
<br />0 0 1,250 (1,250) (100) 1,500 540 540 (540) (100)
<br />137,901 538,787 (101,350) 640,137 632 52,367 116,982 1,550,080 (1,011,294) (65)
<br />Item Variance of+/- $15,000 and+/- 15%
<br />(1) YTD Budget variance is due to usage being higher than budgeted and PYTD variance is due to rate increase and higher usage in 2023.
<br />(2) PYTD variance is due to the change in Fair Market Value of Investments.
<br />(3) YTD Budget variance is due to less than average connection fees. PYTD variance is due to more Connection Fees in 2022.
<br />(4) PYTD variance is due to Water Tower lease revenue being recognized annually in 2023 vs monthly in 2022 (GASB 87).
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