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Water
<br />Revenue
<br />Operating Revenue
<br />Water 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 />Production Expense
<br />Pumping Expense
<br />Distribution 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 />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%o ANNUAL MARCH YTD VARIANCE Actual Var% Item
<br />BUDGET Variance BUDGET
<br />146,344 442,568 376,620 J§r- 65,948 2,788,003 139,774 428,486 14,082 3% (1)
<br />146,344 442,568 376,620 65,948 18% 2,788,003 139,774 428,486 14,082 3%
<br />1,195
<br />17,994
<br />10,375
<br />7,619 73%
<br />41,500
<br />4,007
<br />8,133
<br />9,862 121%
<br />608
<br />5,613
<br />6,250
<br />(637) -10%
<br />25,000
<br />1,248
<br />4,022
<br />1,591 40%
<br />34,469
<br />143,933
<br />63,750
<br />80,183
<br />255,000
<br />16,368
<br />40,901
<br />103,032 (2)
<br />1,791
<br />3,771
<br />3,888
<br />(117) -3%
<br />618,786
<br />995
<br />4,110
<br />(339) -8%
<br />38,063
<br />171,310
<br />84,263
<br />87,048 103%
<br />940,286
<br />22,618
<br />57,165
<br />114,145 200%
<br />184,407
<br />613,879
<br />460,883
<br />152,996 33%
<br />3,728,289
<br />162,392
<br />485,651
<br />128,228 26%
<br />11,783
<br />34,276
<br />28,750
<br />5,526
<br />19%
<br />115,000
<br />11,144
<br />30,878
<br />3,398
<br />11%
<br />40,015
<br />124,611
<br />161,418
<br />(36,807)
<br />645,671
<br />43,410
<br />137,102
<br />(12,491)
<br />-9% (3)
<br />30,512
<br />85,329
<br />125,346
<br />40016
<br />422,250
<br />33,111
<br />88,653
<br />(3,324)
<br />-4%(4)
<br />101,032
<br />302,664
<br />287,250
<br />15,414
<br />5%
<br />1,148,988
<br />97,387
<br />292,135
<br />10,530
<br />4%
<br />2,912
<br />8,737
<br />8,737
<br />0
<br />0%
<br />33,949
<br />3,112
<br />9,337
<br />(600)
<br />-6%
<br />121
<br />363
<br />825
<br />(462)
<br />-56%
<br />82,300
<br />142
<br />501
<br />(139)
<br />-28%
<br />7,600
<br />22,107
<br />22,937
<br />(831)
<br />-4%
<br />91,750
<br />7,136
<br />21,442
<br />664
<br />3%
<br />76,347
<br />263,368
<br />296,390
<br />(33,022)
<br />-11%
<br />1,092,624
<br />74,249
<br />262,230
<br />1,138
<br />0%
<br />61
<br />184
<br />3,813
<br />(3,629)
<br />-95%
<br />15,250
<br />713
<br />2,247
<br />(2,063)
<br />-92%
<br />270,383
<br />841,639
<br />935,465
<br />(93,826)
<br />-10%
<br />3,647,782
<br />270,404
<br />844,526
<br />(2,887)
<br />0%
<br />0 0 375 (375) -100% 1,500 0 0 0 0%
<br />0 0 375 (375) -100% 1,500 0 0 0 0%
<br />(85,976) (227,760) (474,957) 247,197 52% 79,007 (108,012) (358,874) 131,115 37%
<br />Item Variance of+/- $15,000 and+/- 15%
<br />(1) YTD Budget variance is due to above average usage.
<br />(2) YTD budget and PYTD variance due to large 2 large connection agreements in January 2024.
<br />(3) YTD budget variance is mainly due to the budget amount for Electric & Gas Utilities having an even budget spread.
<br />(4) YTD budget variance is mainly due to the budget amount for Mtce of Water Mains having an even budget spread.
<br />156
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