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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 Profit(Loss)
<br />ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
<br />FOR PERIOD ENDING DECEMBER 2023
<br />2023 2023 2023 YTD 2023 YTD 2023 2022 2022 YTD 2022 v.
<br />DECEMBER YTD YTD Budget Bud Var% ANNUAL DECEMBER YTD VARIANCE 2023 Actual
<br />BUDGET Variance BUDGET Var% Variance
<br />Item
<br />142,554 3,305,147 2,503,414 801,733 2,503,414 150,156 2,887,276 417,872 14 (1)
<br />142,554 3,305,147 2,503,414 801,733 32 2,503,414 150,156 2,887,276 417,872 14
<br />13,726 58,447 36,500 21,947 - 36,500 9,529 (29,455) (2)
<br />961 23,118 28,000 (4,882) (17) 28,000 1,023 26,194 (3,077) (12)
<br />25,351 309,075 518,000 I (208,925)_ 518,000 18,728 1,623,295 (3)
<br />89.348 106.184 376.034 4 (269.850) 376.034 L08&898 1.364.163 (4)
<br />271,940 3,801,970 3,461,948 340,022 10 3,461,948 1,268,335 5,871,473 (2,069,503) (35)
<br />9,176
<br />104,829
<br />90,000
<br />14,829
<br />16
<br />90,000
<br />16,833
<br />114,397
<br />(9,569)
<br />(8)
<br />25,688
<br />563,051
<br />603,000
<br />(39,949)
<br />(7)
<br />603,000
<br />50,755
<br />566,684
<br />(3,633)
<br />(1)
<br />12,915
<br />318,338
<br />337,650
<br />(19,312)
<br />(6)
<br />337,650
<br />27,216
<br />305,583
<br />12,755
<br />4
<br />98,880
<br />1,172,659
<br />1,202,937
<br />(30,278)
<br />(3)
<br />1,202,937
<br />104,278
<br />1,117,357
<br />55,302
<br />5
<br />2,912
<br />36,349
<br />36,349
<br />0
<br />0
<br />36,349
<br />3,112
<br />39,720
<br />(3,371)
<br />(8)
<br />107
<br />3,234
<br />2,470
<br />764
<br />31
<br />2,470
<br />78,294
<br />80,954
<br />(5)
<br />7,851
<br />88,625
<br />84,370
<br />4,255
<br />5
<br />84,370
<br />6,851
<br />81,285
<br />7,340
<br />9
<br />69,797
<br />917,672
<br />1,032,655
<br />(114,983)
<br />(11)
<br />1,032,655
<br />59,298
<br />904,027
<br />13,644
<br />2
<br />(597)
<br />4,136
<br />18,650
<br />(14,514)
<br />(78)
<br />18,650
<br />416
<br />7,529
<br />(3,393)
<br />(45)
<br />226,730
<br />3,208,892
<br />3,408,081
<br />(199,189)
<br />(6)
<br />3,408,081
<br />347,053
<br />3,217,536
<br />(8,645)
<br />(0)
<br />0 0 1,500 (1,500) (100) 1,500 0 540 (540) (100)
<br />0 0 1,500 (1,500) (100) 1,500 0 540 (540) (100)
<br />45210 593,079 52367 540.712 L033 52,367 921.282 1653397 (2,060318) (78)
<br />Item Variance of+/- $15,000 and+/- 15%
<br />(1) YTD Budget variance is due to usage being higher than budgeted.
<br />(2) YTD Budget variance is due to conservative budgeted amount. 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) YTD Budget variance is due to Water Tower lease revenue being recognized as year-end audit entry. PYTD variance is due to Contribution from Developers (2023 not booked yet) and Water Tower lease
<br />revenue being recognized annually in 2023 vs monthly in 2022 (GASB 87).
<br />(5) PYTD variance is due to Pension Expense being recognized as a year-end audit entry.
<br />sfl
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