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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER,
<br />MINNESOTA
<br />STATEMENTS OF
<br />REVENUES, EXPENSES AND CHANGES IN NET POSITION
<br />FOR PERIOD ENDING FEBRUARY 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 />FEBRUARY
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />FEBRUARY
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />ELECTRIC MAPPING
<br />221377
<br />53,356
<br />161666
<br />10000
<br />220
<br />17,573
<br />36,982
<br />161374
<br />44
<br />MTCE OF OH SECONDARY
<br />997
<br />2,407
<br />41166
<br />25,000
<br />(42)
<br />1,224
<br />3,306
<br />(899)
<br />(27)
<br />MTCE OF URD SECONDARY
<br />21484
<br />6,194
<br />101000
<br />6000
<br />(38)
<br />1,010
<br />41763
<br />1,431
<br />30
<br />TRANSPORTATION EXPENSE
<br />211872
<br />65,039
<br />501000
<br />300,000
<br />30
<br />2804
<br />491958
<br />15,081
<br />30
<br />Total For Maintenance Expense:
<br />176,265
<br />385,462
<br />3391750
<br />11668,500
<br />13
<br />119,330
<br />2581644
<br />126,818
<br />49
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />219,718
<br />438,135
<br />406,580
<br />2,439,475
<br />8
<br />208,195
<br />417,546
<br />20,589
<br />5
<br />AMORTIZATION
<br />551677
<br />111,355
<br />1111356
<br />668,136
<br />0
<br />551)677
<br />1111355
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />2759395
<br />549,491
<br />5171936
<br />39107,611
<br />6
<br />2631)873
<br />5289902
<br />20,589
<br />4
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />701163
<br />141,563
<br />141,563
<br />845,673
<br />0
<br />73,213
<br />1471626
<br />(6,062)
<br />(4)
<br />AMORTIZATION OF DEBT DISCOU
<br />(4,988)
<br />(9,977)
<br />(9,977)
<br />(59,863)
<br />0
<br />(4,988)
<br />(9,977)
<br />0
<br />0
<br />Total For Interest Expense:
<br />651174
<br />131,586
<br />1311586
<br />785,810
<br />0
<br />68,224
<br />1371649
<br />(6,062)
<br />(4)
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />199
<br />406
<br />516
<br />3,100
<br />(21)
<br />342
<br />631
<br />(224)
<br />(3 6)
<br />LOSS ON DISPOSITION OF PROP (C
<br />0
<br />0
<br />0
<br />15500
<br />0
<br />0
<br />0
<br />0
<br />0
<br />OTHER DONATIONS
<br />0
<br />0
<br />500
<br />3,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />PENSION EXPENSE
<br />0
<br />0
<br />0
<br />29500
<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 />0
<br />378
<br />(378)
<br />(100)
<br />INTEREST EXPENSE - METER DEP
<br />41721
<br />9,382
<br />81333
<br />50,000
<br />13
<br />3,912
<br />71815
<br />1,566
<br />20
<br />Total For Other Operating Expense:
<br />4,921
<br />9,788
<br />9,350
<br />506,900
<br />5
<br />4,255
<br />8,824
<br />964
<br />11
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />21986
<br />6,659
<br />71833
<br />47,000
<br />(15)
<br />3,068
<br />51915
<br />743
<br />13
<br />DISCONNECT/RECONNECT EXPEN
<br />530
<br />1,871
<br />31666
<br />22,000
<br />(49)
<br />1,313
<br />21577
<br />(705)
<br />(27)
<br />MISC CUSTOMER ACCOUNTS EXP
<br />281322
<br />55,220
<br />579500
<br />34500
<br />(4)
<br />241937
<br />529654
<br />2,565
<br />5
<br />BAD DEBT EXPENSE & RECOVER
<br />11646
<br />207
<br />41166
<br />2500
<br />(31)
<br />31
<br />119
<br />2,768
<br />2,307
<br />Total For Customer Accounts Expense:
<br />331486
<br />66,638
<br />731166
<br />439,000
<br />(9)
<br />29,351
<br />611266
<br />5,372
<br />9
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />729274
<br />147,552
<br />1511333
<br />908,000
<br />(2)
<br />62,269
<br />129,674
<br />17,878
<br />14
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />666
<br />41000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />121382
<br />16,940
<br />201833
<br />125,000
<br />(19)
<br />17,047
<br />271855
<br />(10,914)
<br />(39)
<br />ELECTRIC & WATER CONSUMPTI
<br />11997
<br />4,144
<br />69666
<br />4000
<br />(38)
<br />5,199
<br />119394
<br />(7,249)
<br />(64)
<br />BANK FEES
<br />182
<br />317
<br />416
<br />2,500
<br />(24)
<br />182
<br />319
<br />(1)
<br />0
<br />LEGAL FEES
<br />648
<br />1,912
<br />5,000
<br />30,000
<br />(62)
<br />1,302
<br />302
<br />(1,750)
<br />(48)
<br />AUDITING FEES
<br />11640
<br />3,280
<br />31666
<br />22,000
<br />(11)
<br />1,623
<br />31246
<br />33
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