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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 />Water
<br />DECEMBER
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />DECEMBER
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />3,466
<br />43,000
<br />43,000
<br />43,000
<br />0
<br />3,666
<br />46,371
<br />(3,371)
<br />(7)
<br />AMORTIZATION OF DEBT DISCOU
<br />(554)
<br />(6,650)
<br />(6,651)
<br />(6,651)
<br />0
<br />(554)
<br />(6,650)
<br />0
<br />0
<br />Total For Interest Expense:
<br />2,912
<br />36,349
<br />36,349
<br />36,349
<br />0
<br />3,112
<br />39,720
<br />(3,371)
<br />(8)
<br />Other Operating Expense
<br />LOSS ON DISPOSITION OFPROP (C
<br />0
<br />0
<br />500
<br />500
<br />(100)
<br />9,150
<br />9,150
<br />(9,150)
<br />(100)
<br />DAM MAINTENANCE EXPENSE
<br />0
<br />1,876
<br />1,750
<br />1,750
<br />7
<br />71
<br />1,555
<br />321
<br />21
<br />PENSION EXPENSE
<br />0
<br />0
<br />0
<br />0
<br />0
<br />68,974
<br />68,974
<br />(68,974)
<br />(100)
<br />OTHER INTEREST EXPENSE
<br />0
<br />94
<br />95
<br />95
<br />0
<br />94
<br />1,222
<br />(1,127)
<br />(92)
<br />INTEREST EXPENSE - METER DEP
<br />107
<br />1,262
<br />125
<br />125
<br />910
<br />4
<br />53
<br />1,209
<br />2,283
<br />Total For Other Operating Expense:
<br />107
<br />3,233
<br />2,470
<br />2,470
<br />31
<br />78,294
<br />80,954
<br />(77,720)
<br />(96)
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />200
<br />2,238
<br />2,500
<br />2,500
<br />(10)
<br />152
<br />2,347
<br />(108)
<br />(5)
<br />MISC CUSTOMER ACCOUNTS EXP
<br />7,650
<br />86,414
<br />81,620
<br />81,620
<br />6
<br />6,698
<br />78,909
<br />7,504
<br />10
<br />BAD DEBT EXPENSE & RECOVER
<br />0
<br />(28)
<br />250
<br />250
<br />(111)
<br />0
<br />28
<br />(56)
<br />(200)
<br />Total For Customer Accounts Expense:
<br />7,850
<br />88,624
<br />84,370
<br />84,370
<br />5
<br />6,851
<br />81,285
<br />7,339
<br />9
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />16,848
<br />228,436
<br />268,500
<br />268,500
<br />(15)
<br />19,759
<br />234,617
<br />(6,180)
<br />(3)
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />1,000
<br />1,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />1,135
<br />24,243
<br />25,500
<br />25,500
<br />(5)
<br />1,324
<br />14,865
<br />9,377
<br />63
<br />ELECTRIC & WATER CONSUMPTI
<br />506
<br />7,220
<br />8,000
<br />8,000
<br />(10)
<br />2,139
<br />8,579
<br />(1,359)
<br />(16)
<br />BANK FEES
<br />72
<br />484
<br />625
<br />625
<br />(23)
<br />31
<br />516
<br />(31)
<br />(6)
<br />LEGAL FEES
<br />136
<br />4,375
<br />9,000
<br />9,000
<br />(51)
<br />1,114
<br />7,339
<br />(2,963)
<br />(40)
<br />AUDITING FEES
<br />405
<br />5,655
<br />4,630
<br />4,630
<br />22
<br />375
<br />4,509
<br />1,146
<br />25
<br />INSURANCE
<br />2,991
<br />51,107
<br />36,000
<br />36,000
<br />42
<br />256
<br />30,952
<br />20,154
<br />65
<br />UTILITY SHARE - DEFERRED COM
<br />1,371
<br />21,515
<br />30,500
<br />30,500
<br />(29)
<br />890
<br />19,528
<br />1,986
<br />10
<br />UTILITY SHARE-MEDICAL/DENT
<br />14,111
<br />202,874
<br />215,000
<br />215,000
<br />(6)
<br />3,383
<br />209,590
<br />(6,716)
<br />(3)
<br />UTILITY SHARE - PERA
<br />4,231
<br />52,775
<br />54,000
<br />54,000
<br />(2)
<br />4,609
<br />53,758
<br />(983)
<br />(2)
<br />UTILITY SHARE - FICA
<br />4,077
<br />50,873
<br />52,000
<br />52,000
<br />(2)
<br />4,589
<br />51,807
<br />(934)
<br />(2)
<br />EMPLOYEE SICK PAY
<br />2,511
<br />27,023
<br />27,000
<br />27,000
<br />0
<br />1,853
<br />25,671
<br />1,352
<br />5
<br />EMPLOYEE HOLIDAY PAY
<br />5,423
<br />30,911
<br />30,800
<br />30,800
<br />0
<br />5,155
<br />24,827
<br />6,083
<br />25
<br />EMPLOYEE VACATION & PTO PA
<br />3,667
<br />48,487
<br />44,000
<br />44,000
<br />10
<br />3,582
<br />46,185
<br />2,301
<br />5
<br />UPMIC DISTRIBUTION
<br />5,440
<br />16,408
<br />18,069
<br />18,069
<br />(9)
<br />3,857
<br />13,761
<br />2,646
<br />19
<br />WELLHEAD PROTECTION
<br />0
<br />6,861
<br />10,000
<br />10,000
<br />(31)
<br />0
<br />4,724
<br />2,137
<br />45
<br />LONGEVITY PAY
<br />0
<br />2,581
<br />3,106
<br />3,106
<br />(17)
<br />310
<br />620
<br />1,961
<br />316
<br />111
<br />
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