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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
<br />FOR PERIOD ENDING MARCH 2O24
<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 />Electric
<br />MARCH
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />MARCH
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />INSURANCE
<br />15,414
<br />46,561
<br />47,499
<br />190,000
<br />(2)
<br />16,356
<br />49,069
<br />(2,507)
<br />(5)
<br />UTILITY SHARE - DEFERRED COM
<br />16,823
<br />49,760
<br />30,000
<br />120,000
<br />66
<br />16,877
<br />51,406
<br />(1,646)
<br />(3)
<br />UTILITY SHARE - MEDICAL/DENT
<br />59,900
<br />306,329
<br />309,136
<br />870,000
<br />(1)
<br />59,564
<br />301,509
<br />4,820
<br />2
<br />UTILITY SHARE - PERA
<br />23,728
<br />73,472
<br />75,500
<br />302,000
<br />(3)
<br />24,976
<br />70,015
<br />3,456
<br />5
<br />UTILITY SHARE - FICA
<br />22,464
<br />70,577
<br />73,749
<br />295,000
<br />(4)
<br />23,934
<br />67,044
<br />3,533
<br />5
<br />EMPLOYEE SICK PAY
<br />19,063
<br />28,803
<br />41,250
<br />165,000
<br />(30)
<br />14,357
<br />56,864
<br />(28,060)
<br />(49)
<br />EMPLOYEE HOLIDAY PAY
<br />0
<br />45,863
<br />46,909
<br />172,000
<br />(2)
<br />0
<br />43,372
<br />2,490
<br />6
<br />EMPLOYEE VACATION & PTO PA
<br />31,895
<br />104,049
<br />83,545
<br />275,000
<br />25
<br />28,574
<br />92,324
<br />11,725
<br />13
<br />UPMIC DISTRIBUTION
<br />29,968
<br />29,968
<br />25,250
<br />101,000
<br />19
<br />20,521
<br />20,521
<br />9,447
<br />46
<br />LONGEVITY PAY
<br />0
<br />0
<br />0
<br />6,964
<br />0
<br />1,923
<br />1,923
<br />(1,923)
<br />(100)
<br />CONSULTING FEES
<br />7,603
<br />17,320
<br />24,399
<br />97,600
<br />(29)
<br />0
<br />0
<br />17,320
<br />0
<br />TELEPHONE
<br />2,919
<br />8,751
<br />9,500
<br />38,000
<br />(8)
<br />3,445
<br />9,776
<br />(1,025)
<br />(10)
<br />ADVERTISING
<br />1,003
<br />4,032
<br />4,749
<br />19,000
<br />(15)
<br />1,296
<br />3,849
<br />182
<br />5
<br />DUES & SUBSCRIPTIONS - FEES
<br />8,499
<br />23,091
<br />34,383
<br />137,533
<br />(33)
<br />10,005
<br />29,339
<br />(6,248)
<br />(21)
<br />SCHOOLS & MEETINGS
<br />13,137
<br />55,395
<br />71,000
<br />274,894
<br />(22)
<br />22,236
<br />43,423
<br />11,971
<br />28
<br />MTCE OF GENERAL PLANT & OFFI
<br />845
<br />2,535
<br />3,249
<br />13,000
<br />(22)
<br />1,002
<br />3,008
<br />(473)
<br />(16)
<br />Total For Administrative Expense:
<br />333,648
<br />1,121,041
<br />1,162,999
<br />4,208,492
<br />(4)
<br />331,779
<br />1,106,308
<br />14,732
<br />1
<br />General Expense
<br />CIP REBATES - RESIDENTIAL
<br />6,140
<br />19,610
<br />22,689
<br />90,758
<br />(14)
<br />3,265
<br />10,215
<br />9,395
<br />92
<br />CIP REBATES - COMMERCIAL
<br />16,580
<br />16,580
<br />27,999
<br />112,000
<br />(41)
<br />6,000
<br />27,393
<br />(10,812)
<br />(39)
<br />CIP - ADMINISTRATION
<br />16,848
<br />36,848
<br />45,741
<br />182,965
<br />(19)
<br />2,086
<br />3,658
<br />33,189
<br />907
<br />CIP - MARKETING
<br />3,005
<br />8,632
<br />12,808
<br />51,235
<br />(33)
<br />3,141
<br />9,117
<br />(484)
<br />(5)
<br />CIP - LABOR
<br />7,699
<br />26,722
<br />33,455
<br />133,822
<br />(20)
<br />13,343
<br />37,142
<br />(10,419)
<br />(28)
<br />CIP REBATES - LOW INCOME
<br />0
<br />0
<br />4,680
<br />18,720
<br />(100)
<br />4,270
<br />4,270
<br />(4,270)
<br />(100)
<br />CIP - LOW INCOME LABOR
<br />780
<br />2,367
<br />2,499
<br />10,000
<br />(5)
<br />1,016
<br />2,654
<br />(286)
<br />(11)
<br />ENVIRONMENTAL COMPLIANCE
<br />2,547
<br />7,629
<br />8,750
<br />35,000
<br />(13)
<br />2,570
<br />7,725
<br />(96)
<br />(1)
<br />MISC GENERAL EXPENSE
<br />(295)
<br />(320)
<br />624
<br />2,500
<br />(151)
<br />20
<br />5,847
<br />(6,167)
<br />(105)
<br />Total For General Expense:
<br />53,306
<br />118,071
<br />159,249
<br />637,000
<br />(26)
<br />35,714
<br />108,022
<br />10,048
<br />9
<br />Total Expenses(before Operating Transfers)
<br />3,135,035
<br />9,512,040
<br />10,353,898
<br />44,976,678
<br />(8)
<br />3,410,113
<br />9,771,884
<br />(259,844)
<br />(3)
<br />Operating Transfer
<br />Operating Transfer/Other Funds
<br />TRANSFER TO CITY ELK RIVER R
<br />112,957
<br />347,973
<br />389,183
<br />1,707,411
<br />(11)
<br />124,155
<br />387,902
<br />(39,929)
<br />(10)
<br />Total For Operating Transfer/Other Funds:
<br />112,957
<br />347,973
<br />389,183
<br />1,707,411
<br />(11)
<br />124,155
<br />387,902
<br />(39,929)
<br />(10)
<br />Utilities & Labor Donated
<br />166
<br />
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