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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 />Water
<br />APRIL
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />APRIL
<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 />666
<br />2,000
<br />(100)
<br />1,449
<br />1,541
<br />(1,541)
<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 />483
<br />433
<br />1,300
<br />12
<br />104
<br />419
<br />64
<br />15
<br />Total For Other Operating Expense:
<br />120
<br />483
<br />1,100
<br />82,300
<br />(56)
<br />1,553
<br />2,055
<br />(1,571)
<br />(76)
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />171
<br />653
<br />833
<br />2,500
<br />(22)
<br />172
<br />645
<br />7
<br />1
<br />MISC CUSTOMER ACCOUNTS EXP
<br />7,066
<br />28,690
<br />29,666
<br />89,000
<br />(3)
<br />7,973
<br />28,943
<br />(252)
<br />(1)
<br />BAD DEBT EXPENSE & RECOVER
<br />0
<br />0
<br />83
<br />250
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />Total For Customer Accounts Expense:
<br />7,237
<br />29,344
<br />30,583
<br />91,750
<br />(4)
<br />8,146
<br />29,588
<br />(244)
<br />(1)
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />23,384
<br />87,223
<br />95,000
<br />285,000
<br />(8)
<br />17,744
<br />77,077
<br />10,145
<br />13
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />333
<br />1,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />1,375
<br />6,028
<br />12,333
<br />37,000
<br />(51)
<br />1,775
<br />7,746
<br />(1,718)
<br />(22)
<br />ELECTRIC & WATER CONSUMPTI
<br />534
<br />2,076
<br />3,666
<br />11,000
<br />(43)
<br />546
<br />2,233
<br />(157)
<br />(7)
<br />BANK FEES
<br />104
<br />221
<br />200
<br />600
<br />11
<br />32
<br />153
<br />67
<br />44
<br />LEGAL FEES
<br />381
<br />935
<br />3,000
<br />9,000
<br />(69)
<br />240
<br />1,481
<br />(546)
<br />(37)
<br />AUDITING FEES
<br />756
<br />1,986
<br />2,000
<br />6,000
<br />(1)
<br />1,191
<br />2,409
<br />(423)
<br />(18)
<br />INSURANCE
<br />3,460
<br />13,921
<br />14,333
<br />43,000
<br />(3)
<br />4,757
<br />13,806
<br />115
<br />1
<br />UTILITY SHARE - DEFERRED COM
<br />2,141
<br />9,509
<br />7,000
<br />21,000
<br />36
<br />2,087
<br />10,228
<br />(718)
<br />(7)
<br />UTILITY SHARE - MEDICAL/DENT
<br />14,703
<br />84,059
<br />89,090
<br />220,000
<br />(6)
<br />15,214
<br />90,299
<br />(6,240)
<br />(7)
<br />UTILITY SHARE - PERA
<br />4,824
<br />18,968
<br />18,666
<br />56,000
<br />2
<br />5,047
<br />18,419
<br />549
<br />3
<br />UTILITY SHARE - FICA
<br />4,659
<br />18,353
<br />18,000
<br />54,000
<br />2
<br />4,861
<br />17,587
<br />766
<br />4
<br />EMPLOYEE SICK PAY
<br />2,016
<br />8,983
<br />9,666
<br />29,000
<br />(7)
<br />1,723
<br />11,727
<br />(2,744)
<br />(23)
<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 />3,479
<br />23,109
<br />20,000
<br />52,000
<br />16
<br />3,053
<br />20,151
<br />2,957
<br />15
<br />UPMIC DISTRIBUTION
<br />0
<br />5,834
<br />5,250
<br />21,000
<br />11
<br />(540)
<br />3,632
<br />2,202
<br />61
<br />WELLHEAD PROTECTION
<br />0
<br />0
<br />680
<br />2,000
<br />(100)
<br />6,750
<br />6,861
<br />(6,861)
<br />(100)
<br />LONGEVITY PAY
<br />0
<br />0
<br />0
<br />837
<br />0
<br />0
<br />101
<br />(101)
<br />(100)
<br />CONSULTING FEES
<br />2,207
<br />6,682
<br />15,300
<br />45,900
<br />(56)
<br />1,400
<br />5,610
<br />1,072
<br />19
<br />TELEPHONE
<br />648
<br />2,775
<br />3,000
<br />9,000
<br />(8)
<br />719
<br />2,934
<br />(158)
<br />(5)
<br />ADVERTISING
<br />392
<br />1,322
<br />1,666
<br />5,000
<br />(21)
<br />740
<br />1,703
<br />(380)
<br />(22)
<br />DUES & SUBSCRIPTIONS -FEES
<br />3,381
<br />20,944
<br />23,100
<br />88,114
<br />(9)
<br />1,162
<br />19,518
<br />1,425
<br />7
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