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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 />Customer Accounts Expense
<br />METER READING EXPENSE
<br />3,893
<br />43,805
<br />47,000
<br />47,000
<br />(7)
<br />5,434
<br />49,300
<br />(5,495)
<br />(11)
<br />DISCONNECURECONNECTEXPEN
<br />977
<br />20,348
<br />22,000
<br />22,000
<br />(8)
<br />1,199
<br />23,150
<br />(2,801)
<br />(12)
<br />MISC CUSTOMER ACCOUNTS EXP
<br />29,129
<br />340,198
<br />312,500
<br />312,500
<br />9
<br />23,962
<br />305,794
<br />34,404
<br />11
<br />BAD DEBT EXPENSE & RECOVER
<br />703
<br />29,142
<br />20,000
<br />20,000
<br />46
<br />(17)
<br />12,993
<br />16,149
<br />124
<br />Total For Customer Accounts Expense:
<br />34,704
<br />433,494
<br />401,500
<br />401,500
<br />8
<br />30,579
<br />391,238
<br />42,256
<br />11
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />57,839
<br />785,848
<br />950,000
<br />950,000
<br />(17)
<br />65,640
<br />805,290
<br />(19,442)
<br />(2)
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />4,000
<br />4,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />5,121
<br />112,297
<br />107,000
<br />107,000
<br />5
<br />6,414
<br />71,132
<br />41,164
<br />58
<br />ELECTRIC & WATER CONSUMPTI
<br />2,027
<br />28,882
<br />29,000
<br />29,000
<br />0
<br />10,097
<br />37,423
<br />(8,541)
<br />(23)
<br />BANK FEES
<br />288
<br />1,886
<br />2,500
<br />2,500
<br />(25)
<br />124
<br />2,002
<br />(115)
<br />(6)
<br />LEGAL FEES
<br />546
<br />20,028
<br />40,000
<br />40,000
<br />(50)
<br />4,456
<br />29,545
<br />(9,516)
<br />(32)
<br />AUDITING FEES
<br />1,623
<br />20,439
<br />18,520
<br />18,520
<br />10
<br />1,503
<br />18,039
<br />2,400
<br />13
<br />INSURANCE
<br />15,440
<br />201,330
<br />186,000
<br />186,000
<br />8
<br />5,006
<br />170,663
<br />30,667
<br />18
<br />UTILITY SHARE - DEFERRED COM
<br />5,588
<br />116,375
<br />124,000
<br />124,000
<br />(6)
<br />5,290
<br />112,637
<br />3,737
<br />3
<br />UTILITY SHARE - MEDICAL/DENT
<br />60,569
<br />824,442
<br />858,481
<br />858,481
<br />(4)
<br />17,821
<br />809,783
<br />14,658
<br />2
<br />UTILITY SHARE - PERA
<br />23,607
<br />286,887
<br />288,000
<br />288,000
<br />0
<br />24,566
<br />280,969
<br />5,918
<br />2
<br />UTILITY SHARE - FICA
<br />23,288
<br />280,348
<br />280,000
<br />280,000
<br />0
<br />24,238
<br />272,892
<br />7,455
<br />3
<br />EMPLOYEE SICK PAY
<br />11,881
<br />151,949
<br />150,000
<br />150,000
<br />1
<br />10,930
<br />146,800
<br />5,148
<br />4
<br />EMPLOYEE HOLIDAY PAY
<br />27,845
<br />168,236
<br />157,500
<br />157,500
<br />7
<br />28,538
<br />139,307
<br />28,929
<br />21
<br />EMPLOYEE VACATION & PTO PA
<br />20,364
<br />279,368
<br />250,000
<br />250,000
<br />12
<br />18,820
<br />256,901
<br />22,467
<br />9
<br />UPMICDISTRI13UTION
<br />29,383
<br />89,547
<br />91,015
<br />91,015
<br />(2)
<br />18,323
<br />67,353
<br />22,194
<br />33
<br />LONGEVITY PAY
<br />0
<br />15,168
<br />16,369
<br />16,369
<br />(7)
<br />1,240
<br />4,030
<br />11,138
<br />276
<br />CONSULTING FEES
<br />0
<br />2,732
<br />80,000
<br />80,000
<br />(97)
<br />150
<br />54,841
<br />(52,108)
<br />(95)
<br />TELEPHONE
<br />2,997
<br />36,810
<br />41,000
<br />41,000
<br />(10)
<br />3,908
<br />38,140
<br />(1,330)
<br />(3)
<br />ADVERTISING
<br />552
<br />13,765
<br />15,000
<br />15,000
<br />(8)
<br />408
<br />12,246
<br />1,519
<br />12
<br />DUES & SUBSCRIPTIONS - FEES
<br />19,373
<br />124,702
<br />172,675
<br />172,675
<br />(28)
<br />11,874
<br />125,051
<br />(349)
<br />0
<br />SCHOOLS & MEETINGS
<br />10,471
<br />222,742
<br />259,925
<br />259,925
<br />(14)
<br />17,054
<br />193,041
<br />29,701
<br />15
<br />MTCE OF GENERAL PLANT & OFFI
<br />1,002
<br />12,032
<br />7,600
<br />7,600
<br />58
<br />4,978
<br />11,682
<br />350
<br />3
<br />Total For Administrative Expense:
<br />319,812
<br />3,795,825
<br />4,128,585
<br />4,128,585
<br />(8)
<br />281,385
<br />3,659,777
<br />136,048
<br />4
<br />General Expense
<br />CIPREBATES- RESIDENTIAL
<br />3,828
<br />60,902
<br />100,170
<br />100,170
<br />(39)
<br />4,545
<br />60,641
<br />261
<br />0
<br />CIP REBATES - COMMERCIAL
<br />16,836
<br />71,268
<br />189,583
<br />189,583
<br />(62)
<br />1,525
<br />109,100
<br />(37,832)
<br />(35)
<br />CIP - ADMINISTRATION
<br />500
<br />27,286
<br />19,700
<br />19,700
<br />39
<br />424
<br />8,415
<br />18,870
<br />224
<br />107
<br />
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