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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%o ANNUAL JANUARY YTD VARIANCE 2024 Actual
<br />Water BUDGET Variance BUDGET
<br />Var%o Variance
<br />Item
<br />Revenue
<br />Operating Revenue
<br />Water 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 />Production Expense
<br />Pumping Expense
<br />Distribution 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 />Utilities & Labor Donated
<br />Total Operating Transfer
<br />Net Income Profit(Loss)
<br />135,638 135,638 125,507 10,131 8 2,788,003 134,366 134,366 1,273
<br />135,638 135,638 125,507 10,131 8 2,788,003 134,366 134,366 1,273
<br />13,839
<br />13,839
<br />3,458
<br />10,381 300
<br />41,500
<br />3,326
<br />3,326
<br />10,513 316
<br />2,367
<br />2,367
<br />2,083
<br />284 14
<br />25,000
<br />1,748
<br />1,748
<br />619 35
<br />89,938
<br />89,938
<br />21,250 1jr-
<br />68,688
<br />255,000
<br />11,766
<br />11,766 IF-
<br />78,172 -(1)
<br />994
<br />994
<br />1,296
<br />(302) (23)
<br />618,786
<br />975
<br />975
<br />19 2
<br />107,138
<br />107,138
<br />28,088
<br />79,051 281
<br />940,286
<br />17,816
<br />17,816
<br />89,322 501
<br />242,776
<br />242,776
<br />153,595
<br />89,182 58
<br />3,728,289
<br />152,181
<br />152,181
<br />90,595 60
<br />12,142
<br />12,142
<br />9,583
<br />2,558
<br />27
<br />115,000
<br />10,599
<br />10,599
<br />1,543
<br />15
<br />47,387
<br />47,387
<br />53,806
<br />(6,419)
<br />(12)
<br />645,671
<br />47,297
<br />47,297
<br />90
<br />0
<br />15,727
<br />15,727
<br />60,104
<br />(44,377)�
<br />422,250
<br />45,157
<br />45,157
<br />(29,430)�(2)
<br />100,005
<br />100,005
<br />95,750
<br />4,255
<br />4
<br />1,148,988
<br />97,368
<br />97,368
<br />2,637
<br />3
<br />2,912
<br />2,912
<br />2,912
<br />0
<br />0
<br />33,949
<br />3,112
<br />3,112
<br />(200)
<br />(6)
<br />121
<br />121
<br />275
<br />(154)
<br />(56)
<br />82,300
<br />255
<br />255
<br />(134)
<br />(53)
<br />7,133
<br />7,133
<br />7,646
<br />(512)
<br />(7)
<br />91,750
<br />7,336
<br />7,336
<br />(203)
<br />(3)
<br />103,041
<br />103,041
<br />110,388
<br />(7,347)
<br />(7)
<br />1,092,624
<br />106,850
<br />106,850
<br />(3,809)
<br />(4)
<br />61
<br />61
<br />1,271
<br />(1,210)
<br />(95)
<br />15,250
<br />506
<br />506
<br />(445)
<br />(88)
<br />288,528
<br />288,528
<br />341,735
<br />(53,207)
<br />(16)
<br />3,647,782
<br />318,480
<br />318,480
<br />(29,952)
<br />(9)
<br />0 0 125 (125) (100) 1,500 0 0 0 0
<br />0 0 125 (125) (100) 1,500 0 0 0 0
<br />(45,752) (45,752) (188,266) 142,514 76 79,007 (166,299) (166,299) 120,547 72
<br />Item Variance of+/- $15,000 and+/- 15%
<br />(1) Budget and PY variance due to large 2 large connection agreements in January 2024.
<br />(2) Budget and PY variance is due to a 2023 water main repair and timing issue for water permit.
<br />162
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