|
Elk River Municipal Utilities
<br />Elk River, Minnesota
<br />Statement of Revenues, Expenses and Changes in Net Position
<br />For the Year Ended December 31, 2023
<br />Operating Revenues
<br />Charges for services
<br />Substation credit
<br />Connection maintenance
<br />Customer penalties
<br />Total Operating Revenues
<br />Operating Expenses
<br />Purchased power
<br />Production
<br />Distribution
<br />Depreciation
<br />Customer accounts
<br />General and administrative
<br />Total Operating Expenses
<br />Operating Income (Loss)
<br />Nonoperating Revenues (Expenses)
<br />Interest income (loss)
<br />Miscellaneous revenue
<br />Interest expense and other
<br />Gain/(Loss) on sale of capital assets
<br />Total Nonoperating Revenues (Expenses)
<br />Income (Loss) before Contributions and Transfers
<br />Capital Contributions -
<br />Connection Fees
<br />Contribution from Customers
<br />Transfers from Other City Funds
<br />Transfers to Other City Funds
<br />Total Contributions and Transfers
<br />Change in Net Position
<br />Net Position, January 1
<br />Net Position, December 31
<br />Electric
<br />Water
<br />Total
<br />$ 43,986,269
<br />$ 3,305,148
<br />$ 47,291,417
<br />4,800
<br />-
<br />4,800
<br />151,296
<br />55,733
<br />207,029
<br />308,374
<br />23,118
<br />331,492
<br />44,450,739
<br />3,383,999
<br />47,834,738
<br />31,232,788
<br />-
<br />31,232,788
<br />315,057
<br />667,881
<br />982,938
<br />2,224,113
<br />321,566
<br />2,545,679
<br />31177,120
<br />1,174,752
<br />4,351,872
<br />687,117
<br />88,640
<br />775,757
<br />4,421,557
<br />943,138
<br />5,364,695
<br />42,057,752
<br />3,195,977
<br />45,253,729
<br />2,392,987
<br />188,022
<br />2,581,009
<br />158,310
<br />57,360
<br />215,670
<br />928,553
<br />418,451
<br />1,347,004
<br />(811,210)
<br />(36,444)
<br />(847,654)
<br />59,556
<br />2,940
<br />62,496
<br />335,209
<br />442,307
<br />777,516
<br />2,728,196
<br />630,329
<br />3,358,525
<br />-
<br />253,341
<br />253,341
<br />489,452
<br />-
<br />489,452
<br />-
<br />1,348,943
<br />1,348,943
<br />(1,620,378)
<br />-
<br />(1,620,378)
<br />(1,130,926)
<br />1,602,284
<br />471,358
<br />1,597,270
<br />2,232,613
<br />3,829,883
<br />46,983,961
<br />30,887,404
<br />77,871,365
<br />$ 48,581,231 $ 33,120,017 $ 81,701,248
<br />The notes to the financial statements are an integral part of this statement.
<br />25
<br />90
<br />
|