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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 OCTOBER 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 />OCTOBER
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%o
<br />OCTOBER
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />METER READING EXPENSE
<br />4,348
<br />35,715
<br />39,166
<br />47,000
<br />(9)
<br />4,157
<br />40,587
<br />(4,871)
<br />(12)
<br />DISCONNECT/RECONNECT EXPEN
<br />1,051
<br />18,678
<br />18,333
<br />22,000
<br />2
<br />158
<br />20,056
<br />(1,378)
<br />(7)
<br />MISC CUSTOMER ACCOUNTS EXP
<br />33,708
<br />282,842
<br />260,416
<br />312,500
<br />9
<br />27,742
<br />253,223
<br />29,619
<br />12
<br />BAD DEBT EXPENSE & RECOVER
<br />2,698
<br />26,877
<br />16,666
<br />20,000
<br />61
<br />5,424
<br />12,927
<br />13,950
<br />108
<br />Total For Customer Accounts Expense:
<br />41,806
<br />364,114
<br />334,583
<br />401,500
<br />9
<br />37,483
<br />326,795
<br />37,318
<br />11
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />69,567
<br />665,070
<br />791,666
<br />950,000
<br />(16)
<br />71,854
<br />670,144
<br />(5,074)
<br />(1)
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />3,333
<br />4,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />7,431
<br />99,441
<br />89,166
<br />107,000
<br />12
<br />5,402
<br />58,496
<br />40,945
<br />70
<br />ELECTRIC & WATER CONSUMPTI
<br />2,347
<br />25,018
<br />24,166
<br />29,000
<br />4
<br />1,946
<br />21,771
<br />3,246
<br />15
<br />BANK FEES
<br />140
<br />1,487
<br />2,083
<br />2,500
<br />(29)
<br />141
<br />1,580
<br />(93)
<br />(6)
<br />LEGAL FEES
<br />1,077
<br />17,450
<br />33,333
<br />40,000
<br />(48)
<br />4,337
<br />28,679
<br />(11,228)
<br />(39)
<br />AUDITING FEES
<br />1,623
<br />17,193
<br />15,433
<br />18,520
<br />11
<br />1,503
<br />15,033
<br />2,160
<br />14
<br />INSURANCE
<br />16,027
<br />170,562
<br />155,000
<br />186,000
<br />10
<br />14,425
<br />149,283
<br />21,279
<br />14
<br />UTILITY SHARE - DEFERRED COM
<br />5,048
<br />105,006
<br />103,333
<br />124,000
<br />2
<br />5,000
<br />101,584
<br />3,421
<br />3
<br />UTILITY SHARE - MEDICAUDENT
<br />57,233
<br />701,858
<br />736,393
<br />858,481
<br />(5)
<br />67,108
<br />725,684
<br />(23,825)
<br />(3)
<br />UTILITY SHARE - PERA
<br />23,839
<br />239,207
<br />240,000
<br />288,000
<br />0
<br />23,906
<br />232,191
<br />7,016
<br />3
<br />UTILITY SHARE - FICA
<br />23,475
<br />234,309
<br />233,333
<br />280,000
<br />0
<br />23,544
<br />225,173
<br />9,135
<br />4
<br />EMPLOYEE SICK PAY
<br />16,026
<br />130,784
<br />125,000
<br />150,000
<br />5
<br />11,869
<br />124,904
<br />5,880
<br />5
<br />EMPLOYEE HOLIDAY PAY
<br />0
<br />98,049
<br />85,909
<br />157,500
<br />14
<br />0
<br />67,014
<br />31,035
<br />46
<br />EMPLOYEE VACATION & PTO PA
<br />18,700
<br />237,958
<br />212,000
<br />250,000
<br />12
<br />18,350
<br />218,452
<br />19,505
<br />9
<br />UPMIC DISTRIBUTION
<br />0
<br />60,163
<br />68,261
<br />91,015
<br />(12)
<br />0
<br />49,029
<br />11,134
<br />23
<br />LONGEVITY PAY
<br />2,300
<br />15,168
<br />14,069
<br />16,369
<br />8
<br />0
<br />2,790
<br />12,378
<br />444
<br />CONSULTING FEES
<br />0
<br />2,732
<br />66,666
<br />80,000
<br />(96)
<br />0
<br />54,690
<br />(51,957)
<br />(95)
<br />TELEPHONE
<br />2,986
<br />30,825
<br />34,166
<br />41,000
<br />(10)
<br />3,986
<br />30,815
<br />9
<br />0
<br />ADVERTISING
<br />1,675
<br />12,589
<br />12,500
<br />15,000
<br />1
<br />456
<br />11,286
<br />1,303
<br />12
<br />DUES & SUBSCRIPTIONS - FEES
<br />7,116
<br />97,792
<br />143,895
<br />172,675
<br />(32)
<br />4,426
<br />97,903
<br />(110)
<br />0
<br />SCHOOLS & MEETINGS
<br />22,974
<br />192,058
<br />222,500
<br />259,925
<br />(14)
<br />19,579
<br />161,693
<br />30,364
<br />19
<br />MTCE OF GENERAL PLANT & OFFI
<br />1,002
<br />10,027
<br />6,333
<br />7,600
<br />58
<br />609
<br />6,094
<br />3,932
<br />65
<br />Total For Administrative Expense:
<br />280,593
<br />3,164,759
<br />3,418,545
<br />4,128,585
<br />(7)
<br />278,448
<br />3,054,299
<br />110,460
<br />4
<br />General Expense
<br />CIP REBATES - RESIDENTIAL
<br />4,760
<br />50,416
<br />83,475
<br />100,170
<br />(40)
<br />8,609
<br />48,366
<br />2,050
<br />4
<br />CIP REBATES - COMMERCIAL
<br />0
<br />54,432
<br />157,985
<br />189,583
<br />(66)
<br />14,968
<br />107,575
<br />(53,143)
<br />(49)
<br />CIP - ADMINISTRATION
<br />386
<br />11,411
<br />16,416
<br />19,700
<br />(30)
<br />424
<br />7,565
<br />3,845
<br />51
<br />CIP - MARKETING
<br />2,691
<br />36,611
<br />25,032
<br />30,039
<br />46
<br />3,533
<br />26,275
<br />10,336
<br />39
<br />91
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