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Water
<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 />ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
<br />FOR PERIOD ENDING FEBRUARY 2024
<br />2024 2024 2024 YTD 2024 YTD 2024 2023 2023 YTD 2023 v. 2024 Variance
<br />FEBRUARY YTD YTD Budget Bud Var% ANNUAL FEBRUARY YTD VARIANCE Actual Var% Item
<br />160,586
<br />296,224
<br />250,313
<br />45,911
<br />2,788,003
<br />154,346
<br />288,712
<br />7,513
<br />3 (1)
<br />1601586
<br />296,224
<br />2501313
<br />45,911
<br />18
<br />21788,003
<br />154,346
<br />2881712
<br />7,513
<br />3
<br />29960
<br />161799
<br />69917
<br />9,882
<br />143
<br />41,500
<br />799
<br />41125
<br />12,674
<br />307
<br />21637
<br />504
<br />41167
<br />838
<br />20
<br />2500
<br />1,026
<br />21774
<br />2,230
<br />80
<br />19,526
<br />109,464
<br />421500
<br />66,964
<br />158
<br />25500
<br />12,767
<br />24,533
<br />84,931
<br />346 (2)
<br />987
<br />1,980
<br />2,592
<br />(611)
<br />(24)
<br />618,786
<br />2,140
<br />3,115
<br />(1,135)
<br />(36)
<br />26,110
<br />133,248
<br />56,175
<br />77,073
<br />137
<br />940,286
<br />16,731
<br />34,547
<br />98,701
<br />286
<br />18606
<br />4299472
<br />306,488
<br />122,984
<br />40
<br />3,728,289
<br />171,077
<br />323,259
<br />1069213
<br />33
<br />101351
<br />22,493
<br />19,167
<br />3,326
<br />17
<br />115,000
<br />9,135
<br />191734
<br />2,759
<br />14
<br />371210
<br />84,596
<br />1071612
<br />(23,016)
<br />(21)
<br />645,671
<br />461395
<br />931692
<br />(9,096)
<br />(10) (3)
<br />391091
<br />54,818
<br />921897
<br />(38,079)
<br />(41)
<br />422,250
<br />10,385
<br />551542
<br />(724)
<br />(1) (4)
<br />1001889
<br />201,632
<br />1911500
<br />10,132
<br />5
<br />11148,988
<br />97,380
<br />1941748
<br />605
<br />4
<br />21912
<br />5,825
<br />51825
<br />0
<br />0
<br />33,949
<br />3,112
<br />61225
<br />(400)
<br />(6)
<br />121
<br />242
<br />550
<br />(308)
<br />(56)
<br />82,300
<br />105
<br />360
<br />(118)
<br />(33)
<br />79373
<br />14,506
<br />151292
<br />(785)
<br />(5)
<br />91,750
<br />69971
<br />141307
<br />200
<br />1
<br />839980
<br />187,021
<br />2109356
<br />(23,335)
<br />(11)
<br />19092,624
<br />81,131
<br />1879981
<br />(961)
<br />(1)
<br />63
<br />123
<br />29542
<br />(2,418)
<br />(95)
<br />15,250
<br />1,028
<br />1,534
<br />(1,411)
<br />(92)
<br />281,989
<br />571,256
<br />645,740
<br />(74,484)
<br />(12)
<br />3,647,782
<br />255,642
<br />574,122
<br />(2,866)
<br />(0)
<br />0
<br />0
<br />250
<br />(250)
<br />(100)
<br />1,500
<br />0
<br />0
<br />0
<br />0
<br />Total Operating Transfer 0 0 250 (250) (100) 1,500 0 0 0 0
<br />Net Income Profit(Loss) (95,293) (141,784) (339,501) 197,718 58 79,007 (84,564) (250,863) 109,079 43
<br />Item Variance of +/- $15,000 and +/- 15%
<br />(1) YTD Budget variance is due to above average usage.
<br />(2) YTD budget and PYTD variance due to large 2 large connection agreements in January 2024.
<br />(3) YTD budget variance is mainly due to the budget amount for Electric & Gas Utilities having an even budget spread.
<br />(4) YTD budget variance is mainly due to the budget amount for Mtce of Water Mains having an even budget spread.
<br />54
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