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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 />Water
<br />JANUARY
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />JANUARY
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />Total Revenue
<br />242,776
<br />242,776
<br />153,594
<br />3,728,289
<br />58
<br />152,181
<br />152,181
<br />90,594
<br />60
<br />Expenses
<br />Production Expense
<br />MTCE OF STRUCTURES
<br />12,141
<br />12,141
<br />9,583
<br />115,000
<br />27
<br />10,598
<br />10,598
<br />1,542
<br />15
<br />Total For Production Expense:
<br />12,141
<br />12,141
<br />9,583
<br />115,000
<br />27
<br />10,598
<br />10,598
<br />1,542
<br />15
<br />Pumping Expense
<br />SUPERVISION
<br />6,186
<br />6,186
<br />5,625
<br />67,500
<br />10
<br />5,610
<br />5,610
<br />576
<br />10
<br />ELECTRIC & GAS UTILITIES
<br />20,137
<br />20,137
<br />27,930
<br />335,171
<br />(28)
<br />24,279
<br />24,279
<br />(4,141)
<br />(17)
<br />SAMPLING
<br />1,775
<br />1,775
<br />1,416
<br />17,000
<br />25
<br />1,656
<br />1,656
<br />119
<br />7
<br />CHEMICAL FEED
<br />2,238
<br />2,238
<br />4,416
<br />53,000
<br />(49)
<br />2,440
<br />2,440
<br />(202)
<br />(8)
<br />MTCE OF WELLS
<br />16,731
<br />16,731
<br />13,750
<br />165,000
<br />22
<br />13,018
<br />13,018
<br />3,713
<br />29
<br />SCADA - PUMPING
<br />315
<br />315
<br />666
<br />8,000
<br />(53)
<br />291
<br />291
<br />24
<br />9
<br />Total For Pumping Expense:
<br />47,386
<br />47,386
<br />53,805
<br />645,671
<br />(12)
<br />47,297
<br />47,297
<br />89
<br />0
<br />Distribution Expense
<br />MTCE OF WATER MAINS
<br />2,402
<br />2,402
<br />14,583
<br />175,000
<br />(84)
<br />20,703
<br />20,703
<br />(18,301)
<br />(88)
<br />LOCATE WATER LINES
<br />508
<br />508
<br />1,437
<br />17,250
<br />(65)
<br />86
<br />86
<br />422
<br />485
<br />MTCE OF WATER SERVICES
<br />0
<br />0
<br />41
<br />500
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />WATER METER SERVICE
<br />3,963
<br />3,963
<br />5,500
<br />66,000
<br />(28)
<br />1,011
<br />1,011
<br />2,952
<br />292
<br />BACKFLOW DEVICE INSPECTION
<br />1,261
<br />1,261
<br />1,261
<br />20,000
<br />0
<br />2,136
<br />2,136
<br />(875)
<br />(41)
<br />MTCE OF CUSTOMERS SERVICE
<br />2,940
<br />2,940
<br />2,750
<br />33,000
<br />7
<br />2,451
<br />2,451
<br />488
<br />20
<br />WATER MAPPING
<br />1,564
<br />1,564
<br />1,250
<br />15,000
<br />25
<br />443
<br />443
<br />1,121
<br />253
<br />MTCE OF WATER HYDRANTS - PU
<br />539
<br />539
<br />1,666
<br />20,000
<br />(68)
<br />962
<br />962
<br />(423)
<br />(44)
<br />MTCE OF WATER HYDRANTS - PR
<br />0
<br />0
<br />500
<br />6,000
<br />(100)
<br />240
<br />240
<br />(240)
<br />(100)
<br />WATER CLOTHING/PPE
<br />399
<br />399
<br />833
<br />10,000
<br />(52)
<br />31
<br />31
<br />367
<br />1,147
<br />WAGES WATER
<br />664
<br />664
<br />625
<br />7,500
<br />6
<br />622
<br />622
<br />42
<br />7
<br />TRANSPORTATION EXPENSE
<br />1,481
<br />1,481
<br />2,000
<br />24,000
<br />(26)
<br />1,058
<br />1,058
<br />423
<br />40
<br />WATER PERMIT
<br />0
<br />0
<br />27,655
<br />28,000
<br />(100)
<br />15,407
<br />15,407
<br />(15,407)
<br />(100)
<br />Total For Distribution Expense:
<br />15,726
<br />15,726
<br />60,103
<br />422,250
<br />(74)
<br />45,156
<br />45,156
<br />(29,430)
<br />(65)
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />100,004
<br />100,004
<br />95,750
<br />1,148,987
<br />4
<br />97,367
<br />97,367
<br />2,636
<br />3
<br />Total For Depreciation & Amortization:
<br />100,004
<br />100,004
<br />95,750
<br />1,148,987
<br />4
<br />97,367
<br />97,367
<br />2,636
<br />3
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />3,466
<br />3,466
<br />3,466
<br />40,600
<br />0
<br />3,666
<br />3,666
<br />(199)
<br />(5)
<br />AMORTIZATION OF DEBT DISCOU
<br />(554)
<br />(554)
<br />(554)
<br />(6,651)
<br />0
<br />(554)
<br />(554)
<br />0
<br />0
<br />Total For Interest Expense:
<br />2,912
<br />2,912
<br />2,912
<br />33,949
<br />0
<br />3,112
<br />3,112
<br />(199)
<br />(6)
<br />175
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