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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />2024 ELECTRIC BUDGET
<br />2024 Annual 2023 Annual 2022 Annual
<br />Electric
<br />Budget
<br />Budget
<br />Actual
<br />Landfill Gas
<br />550.505 LANDFILL GAS PLANT PURCHASED GAS
<br />-
<br />-
<br />136,879 Per contract ending 10/2022
<br />550.5051 LANDFILL GAS PLANT OPERATIONS & MTCE
<br />-
<br />-
<br />337,825
<br />550.5052 LANDFILL GAS PLANT ADMINISTATION
<br />-
<br />-
<br />25,847
<br />550.5053 LANDFILL GAS PLANT INSURANCE
<br />-
<br />-
<br />17,501
<br />550.5054 LANDFILL GAS PLANT MTCE
<br />-
<br />-
<br />1,576
<br />Total for Landfill Gas:
<br />-
<br />-
<br />519,628
<br />Transmission Expense
<br />560.562 TRANSMISSION MTCE AND EXPENSE
<br />72,000
<br />70,000
<br />63,952
<br />Total for Transmission Expense:
<br />72,000
<br />70,000
<br />63,952
<br />Distribution Expense
<br />580.5801 REMOVE EXISTING SERVICE & METERS
<br />2,000
<br />1,050
<br />599
<br />580.5821 SCADA EXPENSE
<br />45,000
<br />44,000
<br />42,498
<br />580.5831 TRANSFORMER EXPENSE OH & URD
<br />15,000
<br />15,000
<br />13,243
<br />580.5851 MTCE OF SIGNAL SYSTEMS
<br />3,000
<br />2,000
<br />1,872
<br />580.5861 METER EXPENSE- REMOVE & RESET
<br />1,500
<br />1,500
<br />582
<br />580.5871 TEMP SERVICE - INSTALL&REMOVE
<br />7,000
<br />3,500
<br />3,718
<br />580.5881 MISC DISTRIBUTION EXPENSE
<br />350,000
<br />300,000
<br />321,667
<br />580.589 INTERCONNECTION CARRYING CHARGE
<br />2,417
<br />2,416
<br />2,416
<br />Total for Distribution Expense:
<br />425,917
<br />369,466
<br />386,595
<br />Maintenance Expense
<br />590.5911 MTCE OF STRUCTURES
<br />50,000
<br />46,000
<br />30,934
<br />590.5921 MTCE OF SUBSTATIONS
<br />36,000
<br />35,000
<br />60,276
<br />590.5922 MTCE OF SUBSTATION EQUIPMENT
<br />79,000
<br />77,000
<br />42,073
<br />590.5931 MTCE OF OH UNES/TREE TRIM
<br />230,000
<br />225,000
<br />145,876 $1451, contractors
<br />590.5932 MTCE OF OH LINES/STANDBY
<br />40,000
<br />40,000
<br />33,623
<br />590.5933 MTCE OF OH PRIMARY
<br />170,000
<br />170,000
<br />190,502
<br />590.5941 MTCE OF URD PRIMARY
<br />220,000
<br />170,000
<br />201,178
<br />590.5943 LOCATE ELECTRIC LINES
<br />110,000
<br />106,000
<br />95,624
<br />590.5944 LOCATE FIBER LINES
<br />1,500
<br />1,000
<br />880
<br />590.5951 MTCE OF LINE TRANSFORMERS
<br />60,000
<br />60,000
<br />43,183
<br />590.5961 MTCE OF STREET LIGHTING
<br />50,000
<br />45,000
<br />66,957
<br />590.5962 MTCE OF SECURITY LIGHTING
<br />15,000
<br />15,000
<br />21,799
<br />590.5971 MTCE OF METERS
<br />80,000
<br />85,000
<br />77,069
<br />590.5972 VOLTAGE COMPLAINTS
<br />12,000
<br />10,000
<br />9,130
<br />590.5981 SALARIES TRANSMISSION & DISTRIBUTION
<br />30,000
<br />30,500
<br />28,316
<br />590.5985 ELECTRIC MAPPING
<br />100,000
<br />95,000
<br />97,145
<br />590.5991 MTCE OF OH SECONDARY
<br />25,000
<br />25,000
<br />21,753
<br />590.5992 MTCE OF URD SECONDARY
<br />60,000
<br />60,000
<br />57,283
<br />590.5995 TRANSPORTATION EXPENSE
<br />300,000
<br />245,000
<br />288,624 Increased labor and fuel costs
<br />Total for Maintenance Expense:
<br />1,668,500
<br />1,540,SOO
<br />1,512,225
<br />Depreciation & Amortization
<br />595.8031 DEPRECIATION
<br />2,439,476
<br />2,552,700
<br />2,394,615
<br />595.8032 AMORTIZATION
<br />668,136
<br />668,136
<br />668,135
<br />Total for Depreciation & Amortization:
<br />3,107,612
<br />3,220,836
<br />3,062,750
<br />Interest Expense
<br />596.8071 INTEREST EXPENSE -BONDS
<br />845,673
<br />870,695
<br />907,074
<br />597.8281 AMORTIZATION OF DEBT DISCOUNT/PREMIUM
<br />(59,863)
<br />(59,863)
<br />(60,765)
<br />Total for Interest Expense:
<br />785,810
<br />810,832
<br />846,309
<br />Other Operating Expense
<br />597.8165 EV CHARGING EXPENSE
<br />3,100
<br />7,731
<br />6,552
<br />597.8213 LOSS ON DISPOSITION OF PROP (CAPITAL)
<br />155,800
<br />15,500
<br />36,600 Meters (due to AMI)
<br />597.8263 OTHER DONATIONS
<br />3,000
<br />3,000
<br />3,891
<br />597.8265 MUTUALAID
<br />-
<br />-
<br />40,408
<br />597.8302 PENSION EXPENSE
<br />295,000
<br />45,000
<br />306,643 GASB 68
<br />597.8311 OTHER INTEREST EXPENSE
<br />-
<br />378
<br />4,888
<br />597.8341 INTEREST EXPENSE - METER DEPOSITS
<br />50,000
<br />2,500
<br />1,995 Increased interest rates
<br />Total for Other Operating Expense:
<br />506,900
<br />74,109
<br />401,006
<br />Customer Accounts Expense
<br />900.9021 METER READING EXPENSE
<br />47,000
<br />47,000
<br />49,300
<br />900.903 DISCONNECT/RECONNECT EXPENSE
<br />22,000
<br />22,000
<br />23,150
<br />900.9051 MISC CUSTOMER ACCOUNTS EXPENSE UTILITY
<br />345,000
<br />312,500
<br />305,794
<br />900.9061 BAD DEBT EXPENSE & RECOVERY
<br />25,000
<br />20,000
<br />12,993
<br />Total for Customer Accounts Expense:
<br />439,000
<br />401,500
<br />391,237
<br />Administrative Expense
<br />920.9201 SALARIES OFFICE & COMMISSION
<br />908,000
<br />950,000
<br />805,290
<br />920.9205 TEMPORARY STAFFING
<br />4,000
<br />4,000
<br />-
<br />920.9211 OFFICE SUPPLIES
<br />125,000
<br />107,000
<br />71,132
<br />920.9212 ELECTRIC & WATER CONSUMPTION - OFFICE
<br />40,000
<br />29,000
<br />37,423
<br />920.9213 BANK FEES
<br />2,500
<br />2,500
<br />2,002
<br />920.9221 LEGAL FEES
<br />30,000
<br />40,000
<br />29,545
<br />920.9231 AUDITING FEES
<br />22,000
<br />18,520
<br />18,039
<br />920.9241 INSURANCE
<br />190,000
<br />186,000
<br />170,663
<br />920.926 UTILITY SHARE - DEFERRED COMP
<br />120,000
<br />124,000
<br />112,637
<br />920.9261 UTILITY SHARE- MEDICAL/DENTAL/DISABIL
<br />870,000
<br />858,481
<br />809,783
<br />920.9262 UTILITY SHARE - PERA
<br />302,000
<br />288,000
<br />280,969
<br />920.9263 UTILITY SHARE - FICA
<br />295,000
<br />280,000
<br />272,892
<br />920.9264 EMPLOYEE SICK PAY
<br />165,000
<br />150,000
<br />146,800
<br />920.9265 EMPLOYEE HOLIDAY PAY
<br />172,000
<br />157,500
<br />139,307
<br />920.9266 EMPLOYEE VACATION & PTO PAY
<br />275,000
<br />250,000
<br />256,901
<br />920.9267 UPMIC DISTRIBUTION
<br />101,000
<br />91,015
<br />67,353
<br />920.929 LONGEVITY PAY
<br />6,964
<br />16,369
<br />4,030
<br />920.9291 CONSULTING FEES
<br />97,600
<br />80,000
<br />54,841 AE2S, NISC, Rate Study, Comp Study
<br />106
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