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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 MAY 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 />MAY
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />MAY
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />ELECTRIC MAPPING
<br />6,019
<br />88,773
<br />41,666
<br />100,000
<br />113
<br />5,029
<br />72,052
<br />16,721
<br />23
<br />MTCE OF OH SECONDARY
<br />2,560
<br />7,305
<br />10,416
<br />25,000
<br />(30)
<br />1,519
<br />7,971
<br />(665)
<br />(8)
<br />MTCE OF URD SECONDARY
<br />4,874
<br />19,669
<br />25,000
<br />60,000
<br />(21)
<br />5,914
<br />19,027
<br />642
<br />3
<br />TRANSPORTATION EXPENSE
<br />20,020
<br />140,734
<br />125,000
<br />300,000
<br />13
<br />25,634
<br />143,534
<br />(2,800)
<br />(2)
<br />Total For Maintenance Expense:
<br />125,052
<br />870,706
<br />775,375
<br />1,668,500
<br />12
<br />134,470
<br />730,550
<br />140,155
<br />19
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />220,043
<br />1,097,583
<br />1,016,450
<br />2,439,475
<br />8
<br />208,455
<br />1,042,435
<br />55,147
<br />5
<br />AMORTIZATION
<br />55,677
<br />278,389
<br />278,390
<br />668,136
<br />0
<br />55,677
<br />278,389
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />275,721
<br />1,375,973
<br />1,294,840
<br />3,107,611
<br />6
<br />264,133
<br />1,320,825
<br />55,147
<br />4
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />70,163
<br />352,052
<br />352,052
<br />845,673
<br />0
<br />73,213
<br />367,265
<br />(15,212)
<br />(4)
<br />AMORTIZATION OF DEBT DISCOU
<br />(4,988)
<br />(24,942)
<br />(24,942)
<br />(59,863)
<br />0
<br />(4,988)
<br />(24,942)
<br />0
<br />0
<br />Total For Interest Expense:
<br />65,174
<br />327,110
<br />327,110
<br />785,810
<br />0
<br />68,224
<br />342,322
<br />(15,212)
<br />(4)
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />230
<br />1,105
<br />1,291
<br />3,100
<br />(14)
<br />211
<br />605
<br />500
<br />83
<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 />1,250
<br />3,000
<br />(100)
<br />108
<br />108
<br />(108)
<br />(100)
<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 />4,815
<br />23,693
<br />20,833
<br />50,000
<br />14
<br />3,975
<br />19,675
<br />4,017
<br />20
<br />Total For Other Operating Expense:
<br />5,046
<br />28,904
<br />23,375
<br />506,900
<br />24
<br />4,295
<br />20,767
<br />8,137
<br />39
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />3,900
<br />16,250
<br />19,583
<br />47,000
<br />(17)
<br />4,030
<br />16,464
<br />(213)
<br />(1)
<br />DISCONNECURECONNECT EXPEN
<br />2,203
<br />5,126
<br />9,166
<br />22,000
<br />(44)
<br />2,843
<br />8,316
<br />(3,189)
<br />(38)
<br />MISC CUSTOMER ACCOUNTS EXP
<br />30,712
<br />142,264
<br />143,750
<br />345,000
<br />(1)
<br />26,854
<br />138,268
<br />3,996
<br />3
<br />BAD DEBT EXPENSE & RECOVER
<br />152
<br />6,315
<br />10,416
<br />25,000
<br />(39)
<br />19,488
<br />23,781
<br />(17,465)
<br />(73)
<br />Total For Customer Accounts Expense:
<br />36,968
<br />169,957
<br />182,916
<br />439,000
<br />(7)
<br />53,217
<br />186,830
<br />(16,872)
<br />(9)
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />77,450
<br />375,136
<br />378,333
<br />908,000
<br />(1)
<br />69,460
<br />338,451
<br />36,685
<br />11
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />1,666
<br />4,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />5,629
<br />34,355
<br />52,083
<br />125,000
<br />(34)
<br />9,314
<br />56,317
<br />(21,962)
<br />(39)
<br />ELECTRIC & WATER CONSUMPTI
<br />2,278
<br />10,580
<br />16,666
<br />40,000
<br />(37)
<br />2,923
<br />11,858
<br />(1,278)
<br />(11)
<br />BANK FEES
<br />225
<br />1,089
<br />1,041
<br />2,500
<br />5
<br />157
<br />748
<br />340
<br />45
<br />LEGAL FEES
<br />979
<br />4,836
<br />12,500
<br />30,000
<br />(61)
<br />2,563
<br />10,632
<br />(5,796)
<br />(55)
<br />AUDITING FEES
<br />1,640
<br />7,400
<br />9,166
<br />22,000
<br />(19)
<br />1,623
<br />9,076
<br />(1,676)
<br />(18)
<br />157
<br />
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