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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER,
<br />MINNESOTA
<br />STATEMENTS
<br />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 />Water
<br />FEBRUARY
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />FEBRUARY
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />Total Revenue
<br />186,695
<br />429,472
<br />3061488
<br />3,728,289
<br />40
<br />171,077
<br />323,258
<br />1061213
<br />33
<br />Expenses
<br />Production Expense
<br />MTCE OF STRUCTURES
<br />109351
<br />221492
<br />191166
<br />1151000
<br />17
<br />9,134
<br />191733
<br />2,759
<br />14
<br />Total For Production Expense:
<br />10,351
<br />22,492
<br />195166
<br />11500
<br />17
<br />9,134
<br />195733
<br />2,759
<br />14
<br />Pumping Expense
<br />SUPERVISION
<br />49353
<br />10,540
<br />111250
<br />67,500
<br />(6)
<br />59238
<br />101849
<br />(309)
<br />(3)
<br />ELECTRIC & GAS UTILITIES
<br />17,194
<br />371332
<br />5501
<br />3359171
<br />(33)
<br />209673
<br />441952
<br />(71620)
<br />(17)
<br />SAMPLING
<br />714
<br />2,490
<br />21833
<br />1700
<br />(12)
<br />888
<br />21544
<br />(54)
<br />(2)
<br />CHEMICAL FEED
<br />15788
<br />4,027
<br />81833
<br />5300
<br />(54)
<br />982
<br />31423
<br />604
<br />18
<br />MTCE OF WELLS
<br />12,934
<br />299666
<br />271500
<br />1651000
<br />8
<br />18,334
<br />311352
<br />(1,686)
<br />(5)
<br />SCADA - PUMPING
<br />223
<br />538
<br />11333
<br />8,000
<br />(60)
<br />277
<br />568
<br />(30)
<br />(5)
<br />Total For Pumping Expense:
<br />37,209
<br />849596
<br />107,611
<br />6459671
<br />(21)
<br />46,394
<br />931691
<br />(9,095)
<br />(10)
<br />Distribution Expense
<br />MTCE OF WATER MAINS
<br />19857
<br />49260
<br />29,166
<br />17500
<br />(85)
<br />39969
<br />249673
<br />(209412)
<br />(83)
<br />LOCATE WATER LINES
<br />929
<br />1,438
<br />21875
<br />17,250
<br />(50)
<br />85
<br />171
<br />1,267
<br />737
<br />MTCE OF WATER SERVICES
<br />0
<br />0
<br />83
<br />500
<br />(100)
<br />147
<br />147
<br />(147)
<br />(100)
<br />WATER METER SERVICE
<br />819
<br />49783
<br />111000
<br />66,000
<br />(57)
<br />725
<br />11737
<br />3,046
<br />175
<br />BACKFLOW DEVICE INSPECTION
<br />19419
<br />29680
<br />21522
<br />209000
<br />6
<br />19157
<br />39294
<br />(614)
<br />(19)
<br />MTCE OF CUSTOMERS SERVICE
<br />2,557
<br />5,497
<br />5,500
<br />3300
<br />0
<br />2,565
<br />5,017
<br />480
<br />10
<br />WATER MAPPING
<br />206
<br />4,430
<br />2,500
<br />1500
<br />77
<br />1,135
<br />1,578
<br />2,852
<br />181
<br />MTCE OF WATER HYDRANTS - PU
<br />430
<br />969
<br />31333
<br />201000
<br />(71)
<br />29
<br />992
<br />(22)
<br />(2)
<br />MTCE OF WATER HYDRANTS - PR
<br />609
<br />609
<br />11000
<br />600
<br />(39)
<br />(313)
<br />(73)
<br />682
<br />936
<br />WATER CLOTHING/PPE
<br />0
<br />399
<br />11666
<br />1000
<br />(76)
<br />0
<br />31
<br />367
<br />11147
<br />WAGES WATER
<br />673
<br />1,338
<br />1,250
<br />7,500
<br />7
<br />576
<br />11198
<br />139
<br />12
<br />TRANSPORTATION EXPENSE
<br />672
<br />2,153
<br />41000
<br />249000
<br />(46)
<br />306
<br />19364
<br />788
<br />58
<br />WATER PERMIT
<br />26,255
<br />261255
<br />2800
<br />289000
<br />(6)
<br />0
<br />151407
<br />1047
<br />70
<br />Total For Distribution Expense:
<br />399091
<br />54,817
<br />92,897
<br />4221250
<br />(41)
<br />10,385
<br />551542
<br />(724)
<br />(1)
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />1009889
<br />2019632
<br />191,500
<br />19148,987
<br />5
<br />97,379
<br />1949747
<br />6,884
<br />4
<br />Total For Depreciation & Amortization:
<br />1009889
<br />2019632
<br />1911500
<br />1,148,987
<br />5
<br />97,379
<br />1949747
<br />604
<br />4
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />39466
<br />69933
<br />61933
<br />409600
<br />0
<br />306
<br />71333
<br />(399)
<br />(5)
<br />AMORTIZATION OF DEBT DISCOU
<br />(554)
<br />(1,108)
<br />(1,108)
<br />(6,651)
<br />0
<br />(554)
<br />(1,108)
<br />0
<br />0
<br />Total For Interest Expense:
<br />2,912
<br />51824
<br />5,824
<br />33,949
<br />0
<br />3,112
<br />61224
<br />(399)
<br />(6)
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