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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 />Water
<br />MARCH
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />MARCH
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />Other Operating Expense
<br />LOSS ON DISPOSITION OF PROP (C
<br />0
<br />0
<br />0
<br />14,000
<br />0
<br />0
<br />0
<br />0
<br />0
<br />DAM MAINTENANCE EXPENSE
<br />0
<br />0
<br />500
<br />2,000
<br />(100)
<br />36
<br />92
<br />(92)
<br />(100)
<br />PENSION EXPENSE
<br />0
<br />0
<br />0
<br />65,000
<br />0
<br />0
<br />0
<br />0
<br />0
<br />OTHER INTEREST EXPENSE
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />94
<br />(94)
<br />(100)
<br />INTEREST EXPENSE - METER DEP
<br />120
<br />362
<br />324
<br />1,300
<br />12
<br />104
<br />314
<br />48
<br />15
<br />Total For Other Operating Expense:
<br />120
<br />362
<br />825
<br />82,300
<br />(56)
<br />141
<br />501
<br />(138)
<br />(28)
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />137
<br />482
<br />624
<br />2,500
<br />(23)
<br />165
<br />472
<br />9
<br />2
<br />MISC CUSTOMER ACCOUNTS EXP
<br />7,462
<br />21,624
<br />22,250
<br />89,000
<br />(3)
<br />6,970
<br />20,969
<br />655
<br />3
<br />BAD DEBT EXPENSE & RECOVER
<br />0
<br />0
<br />62
<br />250
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />Total For Customer Accounts Expense:
<br />7,600
<br />22,106
<br />22,937
<br />91,750
<br />(4)
<br />7,135
<br />21,442
<br />664
<br />3
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />20,666
<br />63,839
<br />71,250
<br />285,000
<br />(10)
<br />21,892
<br />59,333
<br />4,505
<br />8
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />249
<br />1,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />1,321
<br />4,652
<br />9,249
<br />37,000
<br />(50)
<br />2,382
<br />5,971
<br />(1,318)
<br />(22)
<br />ELECTRIC & WATER CONSUMPTI
<br />505
<br />1,541
<br />2,750
<br />11,000
<br />(44)
<br />(433)
<br />1,686
<br />(145)
<br />(9)
<br />BANK FEES
<br />31
<br />117
<br />150
<br />600
<br />(22)
<br />35
<br />121
<br />(4)
<br />(3)
<br />LEGAL FEES
<br />104
<br />553
<br />2,250
<br />9,000
<br />(75)
<br />326
<br />1,241
<br />(688)
<br />(55)
<br />AUDITING FEES
<br />410
<br />1,230
<br />1,500
<br />6,000
<br />(18)
<br />405
<br />1,217
<br />12
<br />1
<br />INSURANCE
<br />3,460
<br />10,460
<br />10,749
<br />43,000
<br />(3)
<br />3,016
<br />9,048
<br />1,412
<br />16
<br />UTILITY SHARE - DEFERRED COM
<br />3,000
<br />7,368
<br />5,250
<br />21,000
<br />40
<br />3,080
<br />8,141
<br />(772)
<br />(9)
<br />UTILITY SHARE - MEDICAUDENT
<br />14,703
<br />69,355
<br />72,727
<br />220,000
<br />(5)
<br />15,332
<br />75,084
<br />(5,729)
<br />(8)
<br />UTILITY SHARE - PERA
<br />4,620
<br />14,144
<br />14,000
<br />56,000
<br />1
<br />4,767
<br />13,371
<br />772
<br />6
<br />UTILITY SHARE - FICA
<br />4,389
<br />13,694
<br />13,500
<br />54,000
<br />1
<br />4,536
<br />12,725
<br />968
<br />8
<br />EMPLOYEE SICK PAY
<br />3,060
<br />6,966
<br />7,250
<br />29,000
<br />(4)
<br />3,144
<br />10,003
<br />(3,037)
<br />(30)
<br />EMPLOYEE HOLIDAY PAY
<br />0
<br />7,401
<br />8,727
<br />32,000
<br />(15)
<br />0
<br />7,076
<br />325
<br />5
<br />EMPLOYEE VACATION & PTO PA
<br />5,563
<br />19,629
<br />16,000
<br />52,000
<br />23
<br />4,625
<br />17,098
<br />2,531
<br />15
<br />UPMIC DISTRIBUTION
<br />5,834
<br />5,834
<br />5,250
<br />21,000
<br />11
<br />4,172
<br />4,172
<br />1,661
<br />40
<br />WELLHEAD PROTECTION
<br />0
<br />0
<br />510
<br />2,000
<br />(100)
<br />111
<br />ill
<br />(111)
<br />(100)
<br />LONGEVITY PAY
<br />0
<br />0
<br />0
<br />837
<br />0
<br />101
<br />101
<br />(101)
<br />(100)
<br />CONSULTING FEES
<br />1,900
<br />4,475
<br />11,475
<br />45,900
<br />(61)
<br />140
<br />4,210
<br />265
<br />6
<br />TELEPHONE
<br />709
<br />2,127
<br />2,250
<br />9,000
<br />(5)
<br />785
<br />2,214
<br />(87)
<br />(4)
<br />ADVERTISING
<br />172
<br />930
<br />1,250
<br />5,000
<br />(26)
<br />324
<br />962
<br />(32)
<br />(3)
<br />DUES & SUBSCRIPTIONS - FEES
<br />1,366
<br />17,563
<br />21,600
<br />88,114
<br />(19)
<br />1,326
<br />18,356
<br />(793)
<br />(4)
<br />170
<br />
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