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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 2024 2024 YTD 2024 YTD 2024 2023 2023 YTD 2023 v.
<br />JANUARY YTD YTD Budget Bud Var% ANNUAL JANUARY YTD VARIANCE 2024 Actual
<br />Electric BUDGET Variance BUDGET
<br />Var%o Variance
<br />Item
<br />Revenue
<br />Operating Revenue
<br />Elk River
<br />Otsego
<br />Rural Big Lake
<br />Dayton
<br />Public St & Hwy Lighting
<br />Other Electric Sales
<br />Total Operating Revenue
<br />Other Operating Revenue
<br />Interest/Dividend Income
<br />Customer Penalties
<br />Connection Fees
<br />Misc Revenue
<br />Total Other Revenue
<br />Total Revenue
<br />Expenses
<br />Purchased Power
<br />Operating & Mtce Expense
<br />Transmission Expense
<br />Distribution Expense
<br />Maintenance Expense
<br />Depreciation & Amortization
<br />Interest Expense
<br />Other Operating Expense
<br />Customer Accounts Expense
<br />Administrative Expense
<br />General Expense
<br />Total Expenses(before Operating Transfers)
<br />Operating Transfer
<br />Operating Transfer/Other Funds
<br />Utilities & Labor Donated
<br />Total Operating Transfer
<br />Net Income Profit(Loss)
<br />2,784,059
<br />2,784,059
<br />3,135,121
<br />(351,062)
<br />(11)
<br />42,685,299
<br />2,805,567
<br />2,805,567
<br />(21,509)
<br />(1)
<br />271,702
<br />271,702
<br />244,850
<br />26,853
<br />11
<br />3,514,568
<br />250,334
<br />250,334
<br />21,369
<br />9
<br />16,516
<br />16,516
<br />19,717
<br />(3,201)
<br />(16)
<br />243,412
<br />17,051
<br />17,051
<br />(534)
<br />(3)
<br />19,160
<br />19,160
<br />22,294
<br />(3,134)
<br />(14)
<br />292,752
<br />19,710
<br />19,710
<br />(551)
<br />(3)
<br />21,668
<br />21,668
<br />21,667
<br />1
<br />0
<br />260,000
<br />21,723
<br />21,723
<br />(55)
<br />(0)
<br />400
<br />400
<br />400
<br />0
<br />0
<br />4,800
<br />400
<br />400
<br />0
<br />0
<br />3,113,506
<br />3,113,506
<br />3,444,049
<br />(330,543)
<br />(10)
<br />47,000,831
<br />3,114,786
<br />3,114,786
<br />(1,280)
<br />(0)
<br />47,245
<br />47,245
<br />7,083 i 40,162
<br />85,000
<br />9,433
<br />9,433 EF
<br />37,813 -(1)
<br />20,145
<br />20,145
<br />23,750 (3,605) (15)
<br />285,000
<br />21,874
<br />21,874
<br />(1,728) (8)
<br />91,385
<br />91,385
<br />11,250 80,135
<br />135,000
<br />6,275
<br />6,275 `
<br />85,110 -(2)
<br />79,906
<br />79,906
<br />83,833 (3,927) (5)
<br />1,016,000
<br />67,312
<br />67,312
<br />12,594 19
<br />238,682
<br />238,682
<br />125,917 112,765 90
<br />1,521,000
<br />104,893
<br />104,893
<br />133,789 128
<br />3,352,187
<br />3,352,187
<br />3,569,965 (217,778) (6)
<br />48,521,831
<br />3,219,679
<br />3,219,679
<br />132,509 4
<br />2,218,997
<br />2,218,997
<br />2,374,835
<br />(155,838)
<br />(7)
<br />32,756,447
<br />2,215,450
<br />2,215,450
<br />3,548
<br />0
<br />27,467
<br />27,467
<br />44,217
<br />(16,749)
<br />(38)
<br />369,000
<br />43,734
<br />43,734
<br />(16,266)
<br />(37)
<br />5,559
<br />5,559
<br />6,000
<br />(441)
<br />(7)
<br />72,000
<br />5,118
<br />5,118
<br />441
<br />9
<br />43,594
<br />43,594
<br />35,292
<br />8,302
<br />24
<br />425,917
<br />32,438
<br />32,438
<br />11,156
<br />34
<br />209,197
<br />209,197
<br />169,875
<br />39,322
<br />1,668,500
<br />139,313
<br />139,313
<br />69,884 -(3)
<br />274,095
<br />274,095
<br />258,968
<br />15,127
<br />6
<br />3,107,612
<br />265,028
<br />265,028
<br />9,067
<br />3
<br />66,412
<br />66,412
<br />66,412
<br />0
<br />0
<br />785,810
<br />69,425
<br />69,425
<br />(3,013)
<br />(4)
<br />4,867
<br />4,867
<br />4,675
<br />192
<br />4
<br />506,900
<br />4,569
<br />4,569
<br />298
<br />7
<br />33,153
<br />33,153
<br />36,583
<br />(3,431)
<br />(9)
<br />439,000
<br />31,915
<br />31,915
<br />1,238
<br />4
<br />467,515
<br />467,515
<br />482,826
<br />(15,310)
<br />(3)
<br />4,208,492
<br />485,751
<br />485,751
<br />(18,235)
<br />(4)
<br />32,280
<br />32,280
<br />53,083
<br />(20,804)
<br />(39)
<br />637,000
<br />40,134
<br />40,134
<br />(7,854)
<br />(20)
<br />3,383,137
<br />3,383,137
<br />3,532,766
<br />(149,629)
<br />(4)
<br />44,976,679
<br />3,332,874
<br />3,332,874
<br />50,263
<br />2
<br />112,061
<br />112,061
<br />125,405
<br />(13,343)
<br />(11)
<br />1,707,412
<br />125,228
<br />125,228
<br />(13,166)
<br />(11)
<br />18,821
<br />18,821
<br />22,000
<br />(3,179)
<br />(14)
<br />264,000
<br />20,413
<br />20,413
<br />(1,592)
<br />(8)
<br />130,883
<br />130,883
<br />147,405
<br />(16,522)
<br />(11)
<br />1,971,412
<br />145,640
<br />145,640
<br />(14,758)
<br />(10)
<br />(161,833)
<br />(161,833)
<br />(110,205)
<br />(51,627)
<br />(47)
<br />1,573,740
<br />(258,836)
<br />(258,836)
<br />97,004
<br />37
<br />Item Variance of+/- $25,000 and+/- 15%
<br />(1) Budget variance is due to a conservative budgeted amount. PY variance is due to the change in Fair Market Value of Investments.
<br />(2) Budget and PY variance due to large a large connection agreement in January 2024.
<br />(3) Budget and PY variance is mainly due to increased tree trimming expense (contractors and ERMU labor) and transportation expense (labor) in January 2024.
<br />161
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