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Electric
<br />Revenue
<br />Operating Revenue
<br />Elk River
<br />Otsego
<br />Rural Big Lake
<br />Dayton
<br />Public St & Hwy Lighting
<br />Other Electric 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 />Purchased Power
<br />Operating & Mtce Expense
<br />Transmission Expense
<br />Distribution Expense
<br />Maintenance 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 />Operating Transfer/Other Funds
<br />Utilities & Labor Donated
<br />Total Operating Transfer
<br />Net Income Profit(Loss)
<br />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 2024 2024 YTD 2024 YTD 2024 2023 2023 YTD 2023 v. 2024 Variance
<br />MARCH YTD YTD Budget Bud Var% ANNUAL MARCH YTD VARIANCE Actual Var% Item
<br />BUDGET Variance BUDGET
<br />2,806,404
<br />8,646,774
<br />9,729,588
<br />(1,082,814)
<br />-11%
<br />42,685,299
<br />2,947,128
<br />8,961,875
<br />(315,101)
<br />-4%
<br />271,338
<br />865,727
<br />786,746
<br />78,981
<br />10%
<br />3,514,568
<br />260,699
<br />829,891
<br />35,836
<br />4%
<br />15,402
<br />52,197
<br />61,561
<br />(9,364)
<br />-15%
<br />243,412
<br />16,360
<br />54,555
<br />(2,358)
<br />-4%
<br />18,682
<br />61,599
<br />71,511
<br />(9,912)
<br />-14%
<br />292,752
<br />20,005
<br />64,977
<br />(3,378)
<br />-5%
<br />21,722
<br />65,129
<br />65,000
<br />129
<br />0%
<br />260,000
<br />21,261
<br />64,707
<br />422
<br />1%
<br />400
<br />1,200
<br />1,200
<br />0
<br />0%
<br />4,800
<br />400
<br />1,200
<br />0
<br />0%
<br />3,133,948
<br />9,692,627
<br />10,715,606
<br />(1,022,979)
<br />-10%
<br />47,000,831
<br />3,265,853
<br />9,977,206
<br />(284,579)
<br />-3%
<br />(3,314)
<br />47,722
<br />21,250
<br />472
<br />85,000
<br />9,435
<br />17,901 IW
<br />29,82 1 (1)
<br />19,028
<br />60,776
<br />71,250
<br />(10,474)
<br />-15% 285,000
<br />25,220
<br />73,878
<br />(13,102) -18%
<br />W
<br />M
<br />253,637
<br />386,607
<br />254,000
<br />132,607
<br />1,016,000
<br />81,760
<br />212,827
<br />173,781 (3)
<br />273,371
<br />611,977
<br />380,250
<br />231,727
<br />61% 1,521,000
<br />124,247
<br />328,739
<br />283,238 86%
<br />3,407,320
<br />10,304,604
<br />11,095,856
<br />(791,252)
<br />-7% 48,521,831
<br />3,390,100
<br />10,305,945
<br />(1,341) 0%
<br />2,097,977
<br />6,330,358
<br />7,184,260
<br />(853,902)
<br />-12%
<br />32,756,447
<br />2,331,856
<br />6,697,575
<br />(367,218)
<br />-5%
<br />29,738
<br />80,830
<br />116,450
<br />369,000
<br />52,234
<br />125,829 r
<br />(44,998)-(4)
<br />4,889
<br />15,479
<br />18,000
<br />(2,521)
<br />-14%
<br />72,000
<br />5,361
<br />14,670
<br />809
<br />6%
<br />40,576
<br />128,392
<br />105,875
<br />22,517
<br />21%
<br />425,917
<br />82,832
<br />153,857
<br />(25,465)-
<br />(5)
<br />193,875
<br />579,338
<br />509,625
<br />69,713
<br />14%
<br />1,668,500
<br />200,829
<br />459,473
<br />119,864
<br />(6)
<br />275,223
<br />824,715
<br />776,904
<br />47,811
<br />6%
<br />3,107,612
<br />263,779
<br />792,681
<br />32,034
<br />4%
<br />65,175
<br />196,761
<br />196,761
<br />0
<br />0%
<br />785,810
<br />68,225
<br />205,874
<br />(9,113)
<br />-4%
<br />9,019
<br />18,808
<br />14,025
<br />4,783
<br />34%
<br />506,900
<br />3,489
<br />12,314
<br />6,494
<br />53%
<br />31,608
<br />98,247
<br />109,750
<br />(11,503)
<br />-10%
<br />439,000
<br />34,014
<br />95,281
<br />2,966
<br />3%
<br />333,649
<br />1,121,041
<br />1,162,999
<br />(41,958)
<br />-4%
<br />4,208,492
<br />331,780
<br />1,106,308
<br />14,733
<br />1%
<br />53,306
<br />118,072
<br />159,250 it
<br />(41,1-,
<br />637,000
<br />35,714
<br />108,023
<br />10,049
<br />9% (7)
<br />3,135,035
<br />9,512,040
<br />10,353,899
<br />(841,859)
<br />-8%
<br />44,976,679
<br />3,410,113
<br />9,771,885
<br />(259,844)
<br />-3%
<br />112,957
<br />347,973
<br />389,184
<br />(41,210)
<br />-11%
<br />1,707,412
<br />124,155
<br />387,902
<br />(39,929)
<br />-10%
<br />17,797
<br />55,265
<br />66,000
<br />(10,735)
<br />-16%
<br />264,000
<br />18,480
<br />58,127
<br />(2,862)
<br />-5%
<br />130,755
<br />403,238
<br />455,184
<br />(51,945)
<br />-11%
<br />1,971,412
<br />142,636
<br />446,029
<br />(42,791)
<br />-10%
<br />141,530
<br />389,325
<br />286,774
<br />102,551
<br />36%
<br />1,573,740
<br />(162,648)
<br />88,031
<br />301,294
<br />342%
<br />Item Variance of+/- $25,000 and+/- 15%
<br />(1) YTD budget variance is due to conservative budgeted amount. PYTD variance is due to the change in Fair Market Value of Investments.
<br />(2) YTD budget and PYTD variance due to large a large connection agreement in January 2024.
<br />(3) YTD budget and PTYD variance is mainly due to Contributions from Customers having a large SOW for transformers for additional service.
<br />(4) YTD budget variance is mainly due to natural gas expense and labor expense for Mtce of Plant/Land Improvement. PYTD variance is mainly due to plant supplies and natural gas expense (due to new FSB), and mtce of plant engines
<br />(5) PYTD variance is mainly due to Misc Distribution from uniform expenses.
<br />(6) PYTD variance is mainly due to increased tree trimming expense (contractors and ERMU labor), January 2024 labor expense for: Mtce of Substation Equipment and Electric Mapping.
<br />(7) YTD budget variance is mainly due to timing of rebates and the budget having an even spread.
<br />155
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