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Electric
<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 />ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER,
<br />MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES
<br />IN NET POSITION
<br />FOR
<br />PERIOD ENDING FEBRUARY 2024
<br />2024
<br />2024
<br />2024
<br />YTD 2024 YTD
<br />2024
<br />2023
<br />2023
<br />YTD
<br />2023 v. 2024 Variance
<br />FEBRUARY
<br />YTD
<br />YTD
<br />Budget Bud Var%
<br />ANNUAL
<br />FEBRUARY
<br />YTD
<br />VARIANCE
<br />Actual Var% Item
<br />BUDGET
<br />Variance
<br />BUDGET
<br />3,056,310
<br />5,840,369
<br />6,605,779
<br />(765,410)
<br />(12)
<br />42,685,299
<br />3,209,179
<br />6,014,747
<br />(174,377)
<br />(3)
<br />3221687
<br />594,389
<br />5441307
<br />50,082
<br />9
<br />31514,568
<br />318,858
<br />5695192
<br />25,197
<br />4
<br />205279
<br />36,796
<br />435435
<br />(6,639)
<br />(15)
<br />243,412
<br />21,145
<br />385195
<br />(1,400)
<br />(4)
<br />23,758
<br />42,917
<br />499908
<br />(6,990)
<br />(14)
<br />292,752
<br />25,262
<br />449972
<br />(2,055)
<br />(5)
<br />21,739
<br />431407
<br />439333
<br />73
<br />0
<br />26000
<br />211723
<br />439446
<br />(40)
<br />(0)
<br />400
<br />800
<br />800
<br />0
<br />0
<br />400
<br />400
<br />800
<br />0
<br />0
<br />314451173
<br />6,558,679
<br />7,287,563
<br />(728,884)
<br />(10)
<br />47001831
<br />3,596,567
<br />61711 ,3 53
<br />(152,674)
<br />(2)
<br />3,791
<br />51M36
<br />14,167
<br />_ 36,870 &W
<br />2
<br />8500
<br />(966)
<br />8,466
<br />_ 42,570
<br />(1)
<br />2103
<br />41,748
<br />47,500
<br />(5,752)
<br />(12)
<br />28500
<br />26,784
<br />48,658
<br />(6,910)
<br />(14)
<br />21,466
<br />112,851
<br />22,500
<br />T 90,351
<br />402
<br />135,000
<br />10,026
<br />16,301
<br />96,550
<br />(2)
<br />53,064
<br />132,970
<br />1675667
<br />(34,696)
<br />(21)
<br />15016,000
<br />63,754
<br />1315066
<br />1,904
<br />1 (3)
<br />9%924
<br />33806
<br />2519833
<br />86,772
<br />34
<br />1,521,000
<br />9%599
<br />204,491
<br />134,114
<br />66
<br />395451097
<br />607,284
<br />715391396
<br />(642,112)
<br />(9)
<br />489521,831
<br />3,696,166
<br />699151844
<br />(18,560)
<br />(0)
<br />210131383
<br />4,232,380
<br />4,906,193
<br />(673,813)
<br />(14)
<br />32,756,447
<br />2,150,270
<br />413651719
<br />(133,339)
<br />(3)
<br />231625
<br />51,093
<br />80,133
<br />JR (29,041) (36)
<br />3691000
<br />2901
<br />73,595
<br />(22,502)
<br />(31) (4)
<br />5,031
<br />10,589
<br />1200
<br />(1,411)
<br />(12)
<br />7200
<br />4,191
<br />%308
<br />1,281
<br />14
<br />44,222
<br />87,817
<br />70,583
<br />17,233
<br />24
<br />425,917
<br />38,587
<br />71,025
<br />16,792
<br />24
<br />1761266
<br />385,463
<br />339,750
<br />45,713
<br />13
<br />11668,500
<br />119,331
<br />258,644
<br />126,819
<br />(5)
<br />2755396
<br />549,491
<br />517,936
<br />31,555
<br />6
<br />35107,612
<br />263,874
<br />528,902
<br />20,589
<br />4
<br />659175
<br />131,587
<br />1319587
<br />0
<br />0
<br />785,810
<br />68,225
<br />1379649
<br />(6,063)
<br />(4)
<br />49921
<br />%789
<br />99350
<br />439
<br />5
<br />506,900
<br />4,255
<br />81825
<br />964
<br />11
<br />33,486
<br />66,639
<br />73,167
<br />(6,528)
<br />(9)
<br />43900
<br />291352
<br />611267
<br />5,372
<br />9
<br />31%877
<br />787,393
<br />817,106
<br />(29,713)
<br />(4)
<br />4,2085492
<br />288,778
<br />774,529
<br />1204
<br />2
<br />32,485
<br />64,765
<br />106,167
<br />(41,402) (3 9)
<br />6371000
<br />32,175
<br />72,308
<br />(7,543)
<br />(10) (6)
<br />2,9931868
<br />6,37705
<br />703,971
<br />(686,965)
<br />(10)
<br />44,9761679
<br />3,028,897
<br />6,3611771
<br />15,234
<br />0
<br />122,954
<br />235,016
<br />264,231
<br />(29,215)
<br />(11)
<br />1,707412
<br />138,520
<br />263,747
<br />(28,731)
<br />(11)
<br />185647
<br />37,468
<br />4400
<br />(6,532)
<br />(15)
<br />264,000
<br />19,234
<br />3%647
<br />(2,179)
<br />(5)
<br />14101
<br />272,484
<br />3089231
<br />(35,748)
<br />(12)
<br />1,971,412
<br />157,753
<br />303,394
<br />(30,910)
<br />(10)
<br />Net Income Profit(Loss) 4091628 247,795 1679194 8001 48 11573,740 50%515 2509679 (2,884) (1)
<br />Item Variance of +/- $25,000 and +/- 15%
<br />(1) YTD budget variance is due to conservative budgeted amount. PYTD variance is due to the change in Fair Market Value of Investments.
<br />(2) YTD budget and PYTD variance due to large a large connection agreement in January 2024.
<br />(3) YTD budget variance is mainly due to the budget amount for Contributions from Customers having an even budget spread.
<br />(4) YTD budget variance is mainly due to less than average labor expense for Mtce of Plant/Land Improvement.
<br />(5) PYTD variance is mainly due to increased tree trimming expense (contractors and ERMU labor), January 2024 labor expense for: Mtce of Substation Equipment, Electric Mapping, and Transportation Expense.
<br />(6) YTD variance is mainly due to timing of commercial rebates and the budget having an even spread.
<br />53
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