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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 JANUARY 2024
<br />2024
<br />2024
<br />2024
<br />2024
<br />YTD
<br />ANNUAL
<br />2024 YTD
<br />2023
<br />2023
<br />YTD
<br />2023 v. 2024
<br />Electric
<br />JANUARY
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />JANUARY
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />INSURANCE
<br />15,414
<br />15,414
<br />15,833
<br />190,000
<br />(3)
<br />16,356
<br />16,356
<br />(942)
<br />(6)
<br />UTILITY SHARE - DEFERRED COM
<br />17,288
<br />17,288
<br />10,000
<br />120,000
<br />73
<br />20,166
<br />20,166
<br />(2,877)
<br />(14)
<br />UTILITY SHARE - MEDICAUDENT
<br />186,534
<br />186,534
<br />184,500
<br />870,000
<br />1
<br />189,239
<br />189,239
<br />(2,704)
<br />(1)
<br />UTILITY SHARE -PERA
<br />26,121
<br />26,121
<br />25,166
<br />302,000
<br />4
<br />23,529
<br />23,529
<br />2,592
<br />11
<br />UTILITY SHARE - FICA
<br />25,252
<br />25,252
<br />24,583
<br />295,000
<br />3
<br />22,577
<br />22,577
<br />2,674
<br />12
<br />EMPLOYEE SICK PAY
<br />(3,137)
<br />(3,137)
<br />13,750
<br />165,000
<br />(123)
<br />30,487
<br />30,487
<br />(33,624)
<br />(110)
<br />EMPLOYEE HOLIDAY PAY
<br />30,692
<br />30,692
<br />31,272
<br />172,000
<br />(2)
<br />29,537
<br />29,537
<br />1,155
<br />4
<br />EMPLOYEE VACATION & PTO PA
<br />49,557
<br />49,557
<br />41,000
<br />275,000
<br />21
<br />44,114
<br />44,114
<br />5,442
<br />12
<br />UPMIC DISTRIBUTION
<br />0
<br />0
<br />0
<br />101,000
<br />0
<br />0
<br />0
<br />0
<br />0
<br />LONGEVITY PAY
<br />0
<br />0
<br />0
<br />6,964
<br />0
<br />0
<br />0
<br />0
<br />0
<br />CONSULTING FEES
<br />2,033
<br />2,033
<br />8,133
<br />97,600
<br />(75)
<br />0
<br />0
<br />2,033
<br />0
<br />TELEPHONE
<br />2,911
<br />2,911
<br />3,166
<br />38,000
<br />(8)
<br />3,495
<br />3,495
<br />(584)
<br />(17)
<br />ADVERTISING
<br />1,632
<br />1,632
<br />1,583
<br />19,000
<br />3
<br />1,281
<br />1,281
<br />350
<br />27
<br />DUES & SUBSCRIPTIONS - FEES
<br />7,492
<br />7,492
<br />11,461
<br />137,533
<br />(35)
<br />9,884
<br />9,884
<br />(2,392)
<br />(24)
<br />SCHOOLS & MEETINGS
<br />19,856
<br />19,856
<br />17,000
<br />274,894
<br />17
<br />5,550
<br />5,550
<br />14,306
<br />258
<br />MTCE OF GENERAL PLANT & OFFI
<br />845
<br />845
<br />1,083
<br />13,000
<br />(22)
<br />1,002
<br />1,002
<br />(157)
<br />(16)
<br />Total For Administrative Expense:
<br />467,515
<br />467,515
<br />482,825
<br />4,208,492
<br />(3)
<br />485,750
<br />485,750
<br />(18,235)
<br />(4)
<br />General Expense
<br />CIP REBATES - RESIDENTIAL
<br />7,025
<br />7,025
<br />7,563
<br />90,758
<br />(7)
<br />2,555
<br />2,555
<br />4,470
<br />175
<br />CIP REBATES - COMMERCIAL
<br />0
<br />0
<br />9,333
<br />112,000
<br />(100)
<br />10,980
<br />10,980
<br />(10,980)
<br />(100)
<br />CIP - ADMINISTRATION
<br />10,000
<br />10,000
<br />15,247
<br />182,965
<br />(34)
<br />502
<br />502
<br />9,497
<br />1,888
<br />CIP - MARKETING
<br />813
<br />813
<br />4,269
<br />51,235
<br />(81)
<br />4,580
<br />4,580
<br />(3,766)
<br />(82)
<br />CIP - LABOR
<br />11,050
<br />11,050
<br />11,151
<br />133,822
<br />(1)
<br />12,288
<br />12,288
<br />(1,238)
<br />(10)
<br />CIP REBATES - LOW INCOME
<br />0
<br />0
<br />1,560
<br />18,720
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />CIP - LOW INCOME LABOR
<br />863
<br />863
<br />833
<br />10,000
<br />4
<br />821
<br />821
<br />41
<br />5
<br />ENVIRONMENTAL COMPLIANCE
<br />2,547
<br />2,547
<br />2,916
<br />35,000
<br />(13)
<br />2,578
<br />2,578
<br />(30)
<br />(1)
<br />MISC GENERAL EXPENSE
<br />(20)
<br />(20)
<br />208
<br />2,500
<br />(110)
<br />5,827
<br />5,827
<br />(5,847)
<br />(100)
<br />Total For General Expense:
<br />32,279
<br />32,279
<br />53,083
<br />637,000
<br />(39)
<br />40,133
<br />40,133
<br />(7,853)
<br />(20)
<br />Total Expenses(before Operating Transfers)
<br />3,383,137
<br />3,383,137
<br />3,532,765
<br />44,976,678
<br />(4)
<br />3,332,874
<br />3,332,874
<br />50,262
<br />2
<br />Operating Transfer
<br />Operating Transfer/Other Funds
<br />TRANSFER TO CITY ELK RIVER R
<br />112,061
<br />112,061
<br />125,404
<br />1,707,411
<br />(11)
<br />125,227
<br />125,227
<br />(13,166)
<br />(11)
<br />Total For Operating Transfer/Other Funds:
<br />112,061
<br />112,061
<br />125,404
<br />1,707,411
<br />(11)
<br />125,227
<br />125,227
<br />(13,166)
<br />(11)
<br />Utilities & Labor Donated
<br />172
<br />
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