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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 />Water
<br />FEBRUARY
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />FEBRUARY
<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 />333
<br />2,000
<br />(100)
<br />0
<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 />0
<br />94
<br />(94)
<br />(100)
<br />INTEREST EXPENSE - METER DEP
<br />120
<br />241
<br />216
<br />1,300
<br />12
<br />104
<br />209
<br />32
<br />15
<br />Total For Other Operating Expense:
<br />120
<br />241
<br />550
<br />82,300
<br />(56)
<br />104
<br />359
<br />(117)
<br />(33)
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />153
<br />344
<br />416
<br />2,500
<br />(18)
<br />159
<br />307
<br />36
<br />12
<br />MISC CUSTOMER ACCOUNTS EXP
<br />79218
<br />141161
<br />149833
<br />891000
<br />(5)
<br />6,810
<br />139999
<br />162
<br />1
<br />BAD DEBT EXPENSE & RECOVER
<br />0
<br />0
<br />41
<br />250
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />Total For Customer Accounts Expense:
<br />71372
<br />14,506
<br />151291
<br />91,750
<br />(5)
<br />6,970
<br />141306
<br />199
<br />1
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />21,292
<br />43,173
<br />471500
<br />28500
<br />(9)
<br />17,944
<br />37,441
<br />5,731
<br />15
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />166
<br />1,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />21256
<br />3,331
<br />61166
<br />37,000
<br />(46)
<br />1,789
<br />31589
<br />(258)
<br />(7)
<br />ELECTRIC & WATER CONSUMPTI
<br />499
<br />11036
<br />19833
<br />111000
<br />(43)
<br />975
<br />29120
<br />(11084)
<br />(51)
<br />BANK FEES
<br />51
<br />85
<br />100
<br />600
<br />(14)
<br />51
<br />86
<br />0
<br />0
<br />LEGAL FEES
<br />162
<br />449
<br />11500
<br />9,000
<br />(70)
<br />325
<br />915
<br />(466)
<br />(51)
<br />AUDITING FEES
<br />410
<br />820
<br />11000
<br />6,000
<br />(18)
<br />405
<br />811
<br />8
<br />1
<br />INSURANCE
<br />31540
<br />700
<br />71166
<br />4300
<br />(2)
<br />3,016
<br />61032
<br />968
<br />16
<br />UTILITY SHARE - DEFERRED COM
<br />2,167
<br />4,367
<br />3,500
<br />21,000
<br />25
<br />2,179
<br />5,060
<br />(692)
<br />(14)
<br />UTILITY SHARE - MEDICAL/DENT
<br />141703
<br />54,651
<br />561363
<br />220,000
<br />(3)
<br />13,678
<br />591752
<br />(5,100)
<br />(9)
<br />UTILITY SHARE - PERA
<br />41581
<br />9,523
<br />91333
<br />56,000
<br />2
<br />4,078
<br />81604
<br />919
<br />11
<br />UTILITY SHARE - FICA
<br />41506
<br />9,304
<br />99000
<br />5400
<br />3
<br />31860
<br />81189
<br />1,115
<br />14
<br />EMPLOYEE SICK PAY
<br />11949
<br />3,905
<br />41833
<br />2900
<br />(19)
<br />2,015
<br />61859
<br />(2,953)
<br />(43)
<br />EMPLOYEE HOLIDAY PAY
<br />21908
<br />7,401
<br />8,727
<br />32,000
<br />(15)
<br />2,841
<br />71076
<br />325
<br />5
<br />EMPLOYEE VACATION & PTO PA
<br />3,788
<br />14,066
<br />121000
<br />52,000
<br />17
<br />3,403
<br />12,472
<br />1,593
<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 />340
<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 />21066
<br />2,574
<br />71650
<br />45,900
<br />(66)
<br />4,070
<br />41070
<br />(11495)
<br />(37)
<br />TELEPHONE
<br />704
<br />1,417
<br />11500
<br />9,000
<br />(5)
<br />633
<br />11429
<br />(11)
<br />(1)
<br />ADVERTISING
<br />349
<br />757
<br />833
<br />500
<br />(9)
<br />318
<br />638
<br />118
<br />19
<br />DUES & SUBSCRIPTIONS - FEES
<br />151329
<br />16,196
<br />201100
<br />88,114
<br />(19)
<br />15,747
<br />171029
<br />(833)
<br />(5)
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