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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 />Other Operating Expense
<br />LOSS ON DISPOSITION OF PROP (C
<br />0
<br />0
<br />0
<br />14,000
<br />0
<br />0
<br />0
<br />0
<br />0
<br />DAM MAINTENANCE EXPENSE
<br />0
<br />0
<br />166
<br />2,000
<br />(100)
<br />55
<br />55
<br />(55)
<br />(100)
<br />PENSION EXPENSE
<br />0
<br />0
<br />0
<br />65,000
<br />0
<br />0
<br />0
<br />0
<br />0
<br />OTHER INTEREST EXPENSE
<br />0
<br />0
<br />0
<br />0
<br />0
<br />94
<br />94
<br />(94)
<br />(100)
<br />INTEREST EXPENSE - METER DEP
<br />120
<br />120
<br />108
<br />1,300
<br />12
<br />104
<br />104
<br />16
<br />15
<br />Total For Other Operating Expense:
<br />120
<br />120
<br />275
<br />82,300
<br />(56)
<br />254
<br />254
<br />(133)
<br />(53)
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />190
<br />190
<br />208
<br />2,500
<br />(9)
<br />147
<br />147
<br />42
<br />28
<br />MISC CUSTOMER ACCOUNTS EXP
<br />6,943
<br />6,943
<br />7,416
<br />89,000
<br />(6)
<br />7,188
<br />7,188
<br />(245)
<br />(3)
<br />BAD DEBT EXPENSE & RECOVER
<br />0
<br />0
<br />20
<br />250
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />Total For Customer Accounts Expense:
<br />7,133
<br />7,133
<br />7,645
<br />91,750
<br />(7)
<br />7,335
<br />7,335
<br />(202)
<br />(3)
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />21,880
<br />21,880
<br />23,750
<br />285,000
<br />(8)
<br />19,496
<br />19,496
<br />2,383
<br />12
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />83
<br />1,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />1,074
<br />1,074
<br />3,083
<br />37,000
<br />(65)
<br />1,799
<br />1,799
<br />(724)
<br />(40)
<br />ELECTRIC & WATER CONSUMPTI
<br />536
<br />536
<br />916
<br />11,000
<br />(41)
<br />1,144
<br />1,144
<br />(608)
<br />(53)
<br />BANK FEES
<br />33
<br />33
<br />50
<br />600
<br />(32)
<br />34
<br />34
<br />0
<br />0
<br />LEGAL FEES
<br />287
<br />287
<br />750
<br />9,000
<br />(62)
<br />590
<br />590
<br />(303)
<br />(51)
<br />AUDITING FEES
<br />410
<br />410
<br />500
<br />6,000
<br />(18)
<br />405
<br />405
<br />4
<br />1
<br />INSURANCE
<br />3,460
<br />3,460
<br />3,583
<br />43,000
<br />(3)
<br />3,016
<br />3,016
<br />444
<br />15
<br />UTILITY SHARE - DEFERRED COM
<br />2,200
<br />2,200
<br />1,750
<br />21,000
<br />26
<br />2,881
<br />2,881
<br />(680)
<br />(24)
<br />UTILITY SHARE - MEDICAL/DENT
<br />39,947
<br />39,947
<br />40,000
<br />220,000
<br />0
<br />46,074
<br />46,074
<br />(6,126)
<br />(13)
<br />UTILITY SHARE - PERA
<br />4,942
<br />4,942
<br />4,666
<br />56,000
<br />6
<br />4,525
<br />4,525
<br />416
<br />9
<br />UTILITY SHARE - FICA
<br />4,797
<br />4,797
<br />4,500
<br />54,000
<br />7
<br />4,329
<br />4,329
<br />468
<br />11
<br />EMPLOYEE SICK PAY
<br />1,956
<br />1,956
<br />2,416
<br />29,000
<br />(19)
<br />4,843
<br />4,843
<br />(2,886)
<br />(60)
<br />EMPLOYEE HOLIDAY PAY
<br />4,493
<br />4,493
<br />5,818
<br />32,000
<br />(23)
<br />4,234
<br />4,234
<br />258
<br />6
<br />EMPLOYEE VACATION & PTO PA
<br />10,277
<br />10,277
<br />8,000
<br />52,000
<br />28
<br />9,069
<br />9,069
<br />1,208
<br />13
<br />UPMIC DISTRIBUTION
<br />0
<br />0
<br />0
<br />21,000
<br />0
<br />0
<br />0
<br />0
<br />0
<br />WELLHEAD PROTECTION
<br />0
<br />0
<br />170
<br />2,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />LONGEVITY PAY
<br />0
<br />0
<br />0
<br />837
<br />0
<br />0
<br />0
<br />0
<br />0
<br />CONSULTING FEES
<br />508
<br />508
<br />3,825
<br />45,900
<br />(87)
<br />0
<br />0
<br />508
<br />0
<br />TELEPHONE
<br />712
<br />712
<br />750
<br />9,000
<br />(5)
<br />796
<br />796
<br />(83)
<br />(10)
<br />ADVERTISING
<br />408
<br />408
<br />416
<br />5,000
<br />(2)
<br />320
<br />320
<br />87
<br />28
<br />DUES & SUBSCRIPTIONS - FEES
<br />866
<br />866
<br />1,600
<br />88,114
<br />(46)
<br />1,282
<br />1,282
<br />(415)
<br />(32)
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