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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />2024 WATER BUDGET
<br />Water
<br />Depreciation & Amortization
<br />595.8031 DEPRECIATION
<br />Total for Depreciation & Amortization:
<br />Interest Expense
<br />596.8071 INTEREST EXPENSE - BONDS
<br />597.8281 AMORTIZATION OF DEBT DISCOUNT/PREMIUM
<br />Total for Interest Expense:
<br />Other Operating Expense
<br />597.8213 LOSS ON DISPOSITION OF PROP (CAPITAL)
<br />597.8264 DAM MAINTENANCE EXPENSE
<br />597.8302 PENSION EXPENSE
<br />597.8311 OTHER INTEREST EXPENSE
<br />597.8341 INTEREST EXPENSE - METER DEPOSITS
<br />Total for Other Operating Expense:
<br />Customer Accounts Expense
<br />900.9021 METER READING EXPENSE
<br />900.9051 M ISC CUSTOMER ACCOUNTS EXPENSE UTILITY
<br />900.9061 BAD DEBT EXPENSE & RECOVERY
<br />Total for Customer Accounts Expense:
<br />Administrative Expense
<br />920.9201 SALARIES OFFICE & COMMISSION
<br />920.9205 TEMPORARY STAFFING
<br />920.9211 OFFICE SUPPLIES
<br />920.9212 ELECTRIC & WATER CONSUMPTION - OFFICE
<br />920.9213 BANK FEES
<br />920.9221 LEGAL FEES
<br />920.9231 AUDITING FEES
<br />920.9241INSURANCE
<br />920.926 UTILITY SHARE - DEFERRED COMP
<br />920.9261 UTILITY SHARE - MEDICAL/DENTAL/DISABIL
<br />920.9262 UTILITY SHARE - PERA
<br />920.9263 UTILITY SHARE - FICA
<br />920.9264 EMPLOYEE SICK PAY
<br />920.9265 EMPLOYEE HOLIDAY PAY
<br />920.9266 EMPLOYEE VACATION & PTO PAY
<br />920.9267 UPMIC DISTRIBUTION
<br />920.929 LONGEVITY PAY
<br />920.9268 WELLHEAD PROTECTION
<br />920.9291 CONSULTING FEES
<br />920.9301 TELEPHONE
<br />920.9302 ADVERTISING
<br />920.9303 DUES & SUBSCRIPTIONS - FEES
<br />920.9305 SCHOOLS & MEETINGS
<br />920.9321 MTCE OF GENERAL PLANT & OFFICE HEATING
<br />Total for Administrative Expense:
<br />2024 Annual 2023 Annual 2022 Annual
<br />Budget Budget Actual
<br />1,148,988 1,202,937 1,117,356
<br />1,148,988 1,202,937 1,117,357
<br />40,600 43,000 46,371
<br />(6,651) (6,651) (6,650)
<br />33,949 36,349 39,720
<br />14,000 500 9,150 Meters (due to AM I)
<br />2,000 1,750 1,555
<br />65,000 - 68,974 GASB 68
<br />- 95 1,222
<br />1,300 125 53 Increased interest rates
<br />82,300 2,470 80,954
<br />2,500 - 2,347
<br />89,000 81,620 78,909
<br />250 250 28
<br />91,750 84,370 81,285
<br />285,000 268,500 234,617
<br />1,000 1,000 -
<br />37,000 25,500 14,865
<br />11,000 8,000 8,579
<br />600 625 516
<br />9,000 9,000 7,339
<br />6,000 4,630 4,509
<br />43,000 36,000 30,952
<br />21,000 30,500 19,528
<br />220,000 215,000 209,590
<br />56,000 54,000 53,758
<br />54,000 52,000 51,807
<br />29,000 27,000 25,671
<br />32,000 30,800 24,827
<br />52,000 44,000 46,185
<br />21,000 18,069 13,761
<br />837 3,106 620
<br />2,000 10,000 4,724
<br />45,900 35,000 20,055 AE2S, NISC, Rate Study, Comp Study
<br />9,000 9,500 8,900
<br />5,000 6,500 2,933
<br />88,114 78,320 75,541
<br />61,073 63,705 41,818
<br />3,100 1,900 2,920
<br />1,092,624 1,032,655 904,027
<br />General Expense
<br />920.9269CIPREBATES -RESIDENTIAL
<br />5,000
<br />10,500
<br />834
<br />920.927 CIP 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 CIPSpecialist
<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 />TotalforGeneralExpense:
<br />15,250
<br />18,650
<br />7,529
<br />Total Expenses (before Operating Transfers)
<br />3,647,782
<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 />79,007
<br />52,367
<br />2,653,396
<br />109
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