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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 APRIL 2024
<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 />APRIL
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />APRIL
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />ELECTRIC MAPPING
<br />10,114
<br />82,754
<br />33,333
<br />100,000
<br />148
<br />12,744
<br />67,022
<br />15,731
<br />23
<br />MTCE OF OH SECONDARY
<br />1,015
<br />4,745
<br />8,333
<br />25,000
<br />(43)
<br />2,088
<br />6,452
<br />(1,706)
<br />(26)
<br />MTCE OF URD SECONDARY
<br />4,806
<br />14,794
<br />20,000
<br />60,000
<br />(26)
<br />2,943
<br />13,112
<br />1,682
<br />13
<br />TRANSPORTATION EXPENSE
<br />25,986
<br />120,714
<br />100,000
<br />300,000
<br />21
<br />23,122
<br />117,899
<br />2,814
<br />2
<br />Total For Maintenance Expense:
<br />166,315
<br />745,653
<br />654,500
<br />1,668,500
<br />14
<br />136,607
<br />596,080
<br />149,572
<br />25
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />219,859
<br />877,539
<br />913,160
<br />2,439,475
<br />8
<br />208,332
<br />833,979
<br />43,559
<br />5
<br />AMORTIZATION
<br />55,677
<br />222,711
<br />222,712
<br />668,136
<br />0
<br />55,677
<br />222,711
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />275,536
<br />1,100,251
<br />1,035,872
<br />3,107,611
<br />6
<br />264,010
<br />1,056,691
<br />43,559
<br />4
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />70,163
<br />281,889
<br />281,889
<br />845,673
<br />0
<br />73,213
<br />294,052
<br />(12,162)
<br />(4)
<br />AMORTIZATION OF DEBT DISCOU
<br />(4,988)
<br />(19,954)
<br />(19,954)
<br />(59,863)
<br />0
<br />(4,988)
<br />(19,954)
<br />0
<br />0
<br />Total For Interest Expense:
<br />65,174
<br />261,935
<br />261,935
<br />785,810
<br />0
<br />68,224
<br />274,098
<br />(12,162)
<br />(4)
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />287
<br />874
<br />1,033
<br />3,100
<br />(15)
<br />187
<br />394
<br />480
<br />122
<br />LOSS ON DISPOSITION OF PROP (C
<br />0
<br />4,105
<br />0
<br />155,800
<br />0
<br />0
<br />0
<br />4,105
<br />0
<br />OTHER DONATIONS
<br />0
<br />0
<br />1,000
<br />3,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />PENSION EXPENSE
<br />0
<br />0
<br />0
<br />295,000
<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 />378
<br />(378)
<br />(100)
<br />INTEREST EXPENSE - METER DEP
<br />4,761
<br />18,877
<br />16,666
<br />50,000
<br />13
<br />3,970
<br />15,700
<br />3,177
<br />20
<br />Total For Other Operating Expense:
<br />5,049
<br />23,857
<br />18,700
<br />506,900
<br />28
<br />4,157
<br />16,472
<br />7,395
<br />45
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />3,263
<br />12,349
<br />15,666
<br />47,000
<br />(21)
<br />3,319
<br />12,433
<br />(83)
<br />(1)
<br />DISCONNECURECONNECT EXPEN
<br />651
<br />2,923
<br />7,333
<br />22,000
<br />(60)
<br />1,353
<br />5,473
<br />(2,549)
<br />(47)
<br />MISC CUSTOMER ACCOUNTS EXP
<br />27,521
<br />111,552
<br />115,000
<br />345,000
<br />(3)
<br />31,180
<br />111,414
<br />138
<br />0
<br />BAD DEBT EXPENSE & RECOVER
<br />3,305
<br />6,163
<br />8,333
<br />25,000
<br />(26)
<br />2,478
<br />4,292
<br />1,870
<br />44
<br />Total For Customer Accounts Expense:
<br />34,741
<br />132,988
<br />146,333
<br />439,000
<br />(9)
<br />38,332
<br />133,613
<br />(624)
<br />0
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />79,764
<br />297,685
<br />302,666
<br />908,000
<br />(2)
<br />63,316
<br />268,991
<br />28,694
<br />11
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />1,333
<br />4,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />5,976
<br />28,725
<br />41,666
<br />125,000
<br />(31)
<br />9,007
<br />47,003
<br />(18,278)
<br />(39)
<br />ELECTRIC & WATER CONSUMPTI
<br />2,138
<br />8,301
<br />13,333
<br />40,000
<br />(38)
<br />2,187
<br />8,935
<br />(633)
<br />(7)
<br />BANK FEES
<br />419
<br />863
<br />833
<br />2,500
<br />4
<br />130
<br />590
<br />272
<br />46
<br />LEGAL FEES
<br />1,526
<br />3,856
<br />10,000
<br />30,000
<br />(61)
<br />960
<br />8,068
<br />(4,212)
<br />(52)
<br />AUDITING FEES
<br />840
<br />5,760
<br />7,333
<br />22,000
<br />(21)
<br />2,583
<br />7,453
<br />(1,693)
<br />(23)
<br />11
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