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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 DECEMBER 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 />DECEMBER
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />DECEMBER
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />MTCE OF OH LINES/TREE TRIM
<br />31,565
<br />225,909
<br />225,000
<br />225,000
<br />0
<br />28,060
<br />145,876
<br />80,032
<br />55
<br />MTCE OF OH LINES/STANDBY
<br />3,179
<br />36,654
<br />40,000
<br />40,000
<br />(8)
<br />2,940
<br />33,623
<br />3,031
<br />9
<br />MTCE OF OH PRIMARY
<br />10,253
<br />152,226
<br />170,000
<br />170,000
<br />(10)
<br />14,732
<br />190,502
<br />(38,275)
<br />(20)
<br />MTCE OFURDPRIMARY
<br />5,199
<br />214,304
<br />170,000
<br />170,000
<br />26
<br />9,816
<br />201,178
<br />13,126
<br />7
<br />LOCATE ELECTRIC LINES
<br />5,382
<br />105,451
<br />106,000
<br />106,000
<br />(1)
<br />3,354
<br />95,624
<br />9,826
<br />10
<br />LOCATE FIBER LINES
<br />202
<br />624
<br />1,000
<br />1,000
<br />(38)
<br />65
<br />880
<br />(256)
<br />(29)
<br />MTCE OF LINE TRANSFORMERS
<br />11,156
<br />83,650
<br />60,000
<br />60,000
<br />39
<br />5,383
<br />43,183
<br />40,467
<br />94
<br />MTCE OF STREET LIGHTING
<br />5,750
<br />48,781
<br />45,000
<br />45,000
<br />8
<br />14,633
<br />66,957
<br />(18,176)
<br />(27)
<br />MTCE OF SECURITY LIGHTING
<br />1,795
<br />18,471
<br />15,000
<br />15,000
<br />23
<br />280
<br />21,799
<br />(3,327)
<br />(15)
<br />MTCE OF METERS
<br />6,965
<br />69,871
<br />85,000
<br />85,000
<br />(18)
<br />5,242
<br />77,069
<br />(7,198)
<br />(9)
<br />VOLTAGE COMPLAINTS
<br />317
<br />10,389
<br />10,000
<br />10,000
<br />4
<br />1,763
<br />9,130
<br />1,258
<br />14
<br />SALARIES TRANSMISSION&DIST
<br />2,162
<br />28,029
<br />30,500
<br />30,500
<br />(8)
<br />2,388
<br />28,316
<br />(287)
<br />(1)
<br />ELECTRIC MAPPING
<br />9,473
<br />111,093
<br />95,000
<br />95,000
<br />17
<br />17,704
<br />97,145
<br />13,948
<br />14
<br />MTCE OF OH SECONDARY
<br />2,576
<br />26,387
<br />25,000
<br />25,000
<br />6
<br />1,603
<br />21,753
<br />4,634
<br />21
<br />MTCE OF URD SECONDARY
<br />10,629
<br />68,402
<br />60,000
<br />60,000
<br />14
<br />2,229
<br />57,283
<br />11,119
<br />19
<br />TRANSPORTATION EXPENSE
<br />35,598
<br />288,024
<br />245,000
<br />245,000
<br />18
<br />30,844
<br />288,624
<br />(599)
<br />0
<br />Total For Maintenance Expense:
<br />163,412
<br />1,679,312
<br />1,540,500
<br />1,540,500
<br />9
<br />151,166
<br />1,512,235
<br />167,077
<br />11
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />219,439
<br />2,508,964
<br />2,552,700
<br />2,552,700
<br />(2)
<br />239,332
<br />2,394,615
<br />114,348
<br />5
<br />AMORTIZATION
<br />55,677
<br />668,135
<br />668,136
<br />668,136
<br />0
<br />55,677
<br />668,135
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />275,117
<br />3,177,100
<br />3,220,836
<br />3,220,836
<br />(1)
<br />295,010
<br />3,062,751
<br />114,348
<br />4
<br />Interest Expense
<br />INTEREST EXPENSE -BONDS
<br />71,400
<br />870,693
<br />870,695
<br />870,695
<br />0
<br />74,413
<br />907,074
<br />(36,381)
<br />(4)
<br />AMORTIZATION OF DEBT DISCOU
<br />(4,988)
<br />(59,862)
<br />(59,863)
<br />(59,863)
<br />0
<br />(4,988)
<br />(60,765)
<br />903
<br />1
<br />Total For Interest Expense:
<br />66,412
<br />810,831
<br />810,832
<br />810,832
<br />0
<br />69,424
<br />846,308
<br />(35,477)
<br />(4)
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />200
<br />2,173
<br />7,731
<br />7,731
<br />(72)
<br />411
<br />6,552
<br />(4,379)
<br />(67)
<br />LOSS ON DISPOSITION OF PROP (C
<br />0
<br />13,073
<br />15,500
<br />15,500
<br />(16)
<br />36,600
<br />36,600
<br />(23,526)
<br />(64)
<br />OTHER DONATIONS
<br />0
<br />108
<br />3,000
<br />3,000
<br />(96)
<br />209
<br />3,891
<br />(3,783)
<br />(97)
<br />DAM MAINTENANCE EXPENSE
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />29
<br />(29)
<br />(100)
<br />MUTUAL AID
<br />0
<br />4,415
<br />0
<br />0
<br />0
<br />3,717
<br />40,408
<br />(35,992)
<br />(89)
<br />PENSION EXPENSE
<br />0
<br />0
<br />45,000
<br />45,000
<br />(100)
<br />306,643
<br />306,643
<br />(306,643)
<br />(100)
<br />OTHER INTEREST EXPENSE
<br />0
<br />378
<br />378
<br />378
<br />0
<br />378
<br />4,888
<br />(4,510)
<br />(92)
<br />INTEREST EXPENSE - METER DEP
<br />4,102
<br />47,921
<br />2,500
<br />2,500
<br />1,817
<br />168
<br />1,995
<br />45,926
<br />2,302
<br />Total For Other Operating Expense:
<br />4,302
<br />68,070
<br />74,109
<br />74,109
<br />8
<br />348,128
<br />401,008
<br />(332,937)
<br />(83)
<br />106
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