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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF
<br />REVENUES, EXPENSES AND CHANGES IN
<br />NET POSITION
<br />FOR PERIOD ENDING MARCH 2O24
<br />2024 2024
<br />2024
<br />2024 YTD ANNUAL
<br />2024 YTD
<br />2023
<br />2023
<br />YTD
<br />2023 v. 2024
<br />Water MARCH
<br />YTD BUDGET BUDGET
<br />Bud Var%
<br />MARCH
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />Total Revenue 184,406
<br />613,878 460,882 3,728,289
<br />33
<br />162,392
<br />485,651
<br />128,227
<br />26
<br />Expenses
<br />Production Expense
<br />MTCE OF STRUCTURES 11,782
<br />34,275 28,749 115,000
<br />19
<br />11,144
<br />30,877
<br />3,397
<br />11
<br />Total For Production Expense: 11,782
<br />34,275 28,749 115,000
<br />19
<br />11,144
<br />30,877
<br />3,397
<br />11
<br />Pumping Expense
<br />SUPERVISION
<br />6,203
<br />16,743
<br />16,875
<br />67,500
<br />(1)
<br />4,706
<br />15,555
<br />1,188
<br />8
<br />ELECTRIC & GAS UTILITIES
<br />17,271
<br />54,604
<br />83,792
<br />335,171
<br />(35)
<br />21,022
<br />65,975
<br />(11,370)
<br />(17)
<br />SAMPLING
<br />1,007
<br />3,497
<br />4,250
<br />17,000
<br />(18)
<br />915
<br />3,460
<br />37
<br />1
<br />CHEMICAL FEED
<br />1,678
<br />5,706
<br />13,250
<br />53,000
<br />(57)
<br />1,816
<br />5,239
<br />466
<br />9
<br />MTCE OF WELLS
<br />13,538
<br />43,204
<br />41,250
<br />165,000
<br />5
<br />14,709
<br />46,062
<br />(2,858)
<br />(6)
<br />SCADA - PUMPING
<br />315
<br />854
<br />2,000
<br />8,000
<br />(57)
<br />239
<br />808
<br />45
<br />6
<br />Total For Pumping Expense:
<br />40,014
<br />124,610
<br />161,417
<br />645,671
<br />(23)
<br />43,409
<br />137,101
<br />(12,490)
<br />(9)
<br />Distribution Expense
<br />MTCE OF WATER MAINS
<br />3,396
<br />7,656
<br />43,749
<br />175,000
<br />(82)
<br />17,846
<br />42,519
<br />(34,862)
<br />(82)
<br />LOCATE WATER LINES
<br />1,552
<br />2,991
<br />4,312
<br />17,250
<br />(31)
<br />536
<br />707
<br />2,283
<br />323
<br />MTCE OF WATER SERVICES
<br />0
<br />0
<br />125
<br />500
<br />(100)
<br />36
<br />184
<br />(184)
<br />(100)
<br />WATER METER SERVICE
<br />6,365
<br />11,148
<br />16,500
<br />66,000
<br />(32)
<br />998
<br />2,736
<br />8,412
<br />307
<br />BACKFLOW DEVICE INSPECTION
<br />1,440
<br />4,120
<br />3,783
<br />20,000
<br />9
<br />1,283
<br />4,578
<br />(457)
<br />(10)
<br />MTCE OF CUSTOMERS SERVICE
<br />2,708
<br />8,206
<br />8,250
<br />33,000
<br />(1)
<br />2,465
<br />7,482
<br />723
<br />10
<br />WATER MAPPING
<br />3,471
<br />7,902
<br />3,750
<br />15,000
<br />ill
<br />1,063
<br />2,641
<br />5,261
<br />199
<br />MTCE OF WATER HYDRANTS - PU
<br />9,940
<br />10,910
<br />5,000
<br />20,000
<br />118
<br />333
<br />1,325
<br />9,584
<br />723
<br />MTCE OF WATER HYDRANTS - PR
<br />53
<br />663
<br />1,500
<br />6,000
<br />(56)
<br />0
<br />(73)
<br />736
<br />1,010
<br />WATERCLOTHING/PPE
<br />177
<br />577
<br />2,499
<br />10,000
<br />(77)
<br />6,376
<br />6,408
<br />(5,831)
<br />(91)
<br />WAGES WATER
<br />673
<br />2,011
<br />1,875
<br />7,500
<br />7
<br />685
<br />1,883
<br />127
<br />7
<br />TRANSPORTATION EXPENSE
<br />730
<br />2,884
<br />6,000
<br />24,000
<br />(52)
<br />1,140
<br />2,505
<br />378
<br />15
<br />WATER PERMIT
<br />0
<br />26,255
<br />28,000
<br />28,000
<br />(6)
<br />345
<br />15,752
<br />10,502
<br />67
<br />Total For Distribution Expense:
<br />30,511
<br />85,329
<br />125,345
<br />422,250
<br />(32)
<br />33,111
<br />88,653
<br />(3,323)
<br />(4)
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />101,031
<br />302,664
<br />287,250
<br />1,148,987
<br />5
<br />97,387
<br />292,134
<br />10,529
<br />4
<br />Total For Depreciation & Amortization:
<br />101,031
<br />302,664
<br />287,250
<br />1,148,987
<br />5
<br />97,387
<br />292,134
<br />10,529
<br />4
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />3,466
<br />10,400
<br />10,399
<br />40,600
<br />0
<br />3,666
<br />10,999
<br />(599)
<br />(5)
<br />AMORTIZATION OF DEBT DISCOU
<br />(554)
<br />(1,662)
<br />(1,662)
<br />(6,651)
<br />0
<br />(554)
<br />(1,662)
<br />0
<br />0
<br />Total For Interest Expense:
<br />2,912
<br />8,737
<br />8,737
<br />33,949
<br />0
<br />3,112
<br />9,337
<br />(599)
<br />(6)
<br />169
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