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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 />INSURANCE
<br />15,414
<br />77,390
<br />79,166
<br />190,000
<br />(2)
<br />22,723
<br />93,788
<br />(16,398)
<br />(17)
<br />UTILITY SHARE - DEFERRED COM
<br />9,289
<br />69,439
<br />50,000
<br />120,000
<br />39
<br />9,527
<br />71,037
<br />(1,598)
<br />(2)
<br />UTILITY SHARE - MEDTCAUDENT
<br />59,900
<br />426,127
<br />433,772
<br />870,000
<br />(2)
<br />57,958
<br />418,602
<br />7,524
<br />2
<br />UTILITY SHARE - PERA
<br />32,185
<br />130,707
<br />125,833
<br />302,000
<br />4
<br />24,508
<br />121,143
<br />9,564
<br />8
<br />UTILITY SHARE - FICA
<br />32,076
<br />126,849
<br />122,916
<br />295,000
<br />3
<br />24,603
<br />117,438
<br />9,411
<br />8
<br />EMPLOYEE SICK PAY
<br />9,681
<br />50,676
<br />68,750
<br />165,000
<br />(26)
<br />10,631
<br />76,999
<br />(26,323)
<br />(34)
<br />EMPLOYEE HOLIDAY PAY
<br />14,362
<br />60,225
<br />62,545
<br />172,000
<br />(4)
<br />13,371
<br />56,743
<br />3,492
<br />6
<br />EMPLOYEE VACATION & PTO PA
<br />21,206
<br />146,870
<br />126,090
<br />275,000
<br />16
<br />19,080
<br />130,079
<br />16,791
<br />13
<br />UPMIC DISTRIBUTION
<br />(2,883)
<br />27,085
<br />25,250
<br />101,000
<br />7
<br />0
<br />18,817
<br />8,268
<br />44
<br />LONGEVITY PAY
<br />1,680
<br />1,680
<br />1,680
<br />6,964
<br />0
<br />0
<br />1,923
<br />(243)
<br />(13)
<br />CONSULTING FEES
<br />2,386
<br />27,954
<br />40,666
<br />97,600
<br />(31)
<br />3,415
<br />3,415
<br />24,539
<br />719
<br />TELEPHONE
<br />2,920
<br />14,588
<br />15,833
<br />38,000
<br />(8)
<br />3,024
<br />15,908
<br />(1,319)
<br />(8)
<br />ADVERTISING
<br />1,617
<br />6,131
<br />7,916
<br />19,000
<br />(23)
<br />1,161
<br />6,035
<br />96
<br />2
<br />DUES & SUBSCRIPTIONS - FEES
<br />10,537
<br />52,493
<br />57,305
<br />137,533
<br />(8)
<br />10,208
<br />49,053
<br />3,440
<br />7
<br />SCHOOLS & MEETINGS
<br />16,578
<br />95,699
<br />122,000
<br />274,894
<br />(22)
<br />21,304
<br />95,896
<br />(197)
<br />0
<br />MTCE OF GENERAL PLANT & OFFI
<br />845
<br />4,225
<br />5,416
<br />13,000
<br />(22)
<br />1,002
<br />5,013
<br />(788)
<br />(16)
<br />Total For Administrative Expense:
<br />316,002
<br />1,751,542
<br />1,816,602
<br />4,208,492
<br />(4)
<br />308,564
<br />1,708,981
<br />42,560
<br />2
<br />General Expense
<br />CIP REBATES - RESIDENTIAL
<br />10,040
<br />34,084
<br />37,815
<br />90,758
<br />(10)
<br />3,005
<br />16,325
<br />17,759
<br />109
<br />CIP REBATES - COMMERCIAL
<br />0
<br />21,227
<br />46,666
<br />112,000
<br />(55)
<br />1,800
<br />34,299
<br />(13,071)
<br />(38)
<br />CIP - ADMINISTRATION
<br />10,022
<br />59,352
<br />76,235
<br />182,965
<br />(22)
<br />394
<br />4,581
<br />54,771
<br />1,196
<br />CIP - MARKETING
<br />1,699
<br />24,762
<br />21,347
<br />51,235
<br />16
<br />3,730
<br />18,269
<br />6,493
<br />36
<br />CIP - LABOR
<br />8,209
<br />43,481
<br />55,759
<br />133,822
<br />(22)
<br />12,493
<br />60,258
<br />(16,776)
<br />(28)
<br />CIP REBATES - LOW INCOME
<br />0
<br />1,602
<br />7,800
<br />18,720
<br />(79)
<br />0
<br />4,270
<br />(2,667)
<br />(62)
<br />CIP - LOW INCOME LABOR
<br />787
<br />3,983
<br />4,166
<br />10,000
<br />(4)
<br />789
<br />4,253
<br />(270)
<br />(6)
<br />ENVIRONMENTAL COMPLIANCE
<br />2,617
<br />12,864
<br />14,583
<br />35,000
<br />(12)
<br />35
<br />7,793
<br />5,071
<br />65
<br />MISC GENERAL EXPENSE
<br />2,588
<br />2,186
<br />1,041
<br />2,500
<br />110
<br />(130)
<br />6,049
<br />(3,863)
<br />(64)
<br />Total For General Expense:
<br />35,964
<br />203,547
<br />265,416
<br />637,000
<br />(23)
<br />22,117
<br />156,100
<br />47,447
<br />30
<br />Total Expenses(before Operating Transfers)
<br />3,235,062
<br />15,756,635
<br />16,760,343
<br />44,976,678
<br />(6)
<br />3,558,731
<br />16,232,301
<br />(475,666)
<br />(3)
<br />Operating Transfer
<br />Operating Transfer/Other Funds
<br />TRANSFER TO CITY ELK RIVER R
<br />118,774
<br />573,888
<br />629,810
<br />1,707,411
<br />(9)
<br />114,710
<br />616,979
<br />(43,090)
<br />(7)
<br />Total For Operating Transfer/Other Funds:
<br />118,774
<br />573,888
<br />629,810
<br />1,707,411
<br />(9)
<br />114,710
<br />616,979
<br />(43,090)
<br />(7)
<br />Utilities & Labor Donated
<br />158
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