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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 />Water
<br />MAY
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />MAY
<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 />19
<br />19
<br />833
<br />2,000
<br />(98)
<br />147
<br />1,689
<br />(1,669)
<br />(99)
<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 />60
<br />543
<br />541
<br />1,300
<br />0
<br />104
<br />524
<br />19
<br />4
<br />Total For Other Operating Expense:
<br />79
<br />563
<br />1,375
<br />82,300
<br />(59)
<br />252
<br />2,307
<br />(1,744)
<br />(76)
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />581
<br />1,234
<br />1,041
<br />2,500
<br />19
<br />209
<br />855
<br />379
<br />44
<br />MISC CUSTOMER ACCOUNTS EXP
<br />8,026
<br />36,717
<br />37,083
<br />89,000
<br />(1)
<br />6,924
<br />35,867
<br />850
<br />2
<br />BAD DEBT EXPENSE & RECOVER
<br />0
<br />0
<br />104
<br />250
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />Total For Customer Accounts Expense:
<br />8,608
<br />37,952
<br />38,229
<br />91,750
<br />(1)
<br />7,134
<br />36,722
<br />1,229
<br />3
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />22,194
<br />109,418
<br />118,750
<br />285,000
<br />(8)
<br />20,387
<br />97,464
<br />11,953
<br />12
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />416
<br />1,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />1,282
<br />7,310
<br />15,416
<br />37,000
<br />(53)
<br />5,122
<br />12,868
<br />(5,558)
<br />(43)
<br />ELECTRIC & WATER CONSUMPTI
<br />569
<br />2,646
<br />4,583
<br />11,000
<br />(42)
<br />730
<br />2,964
<br />(318)
<br />(11)
<br />BANK FEES
<br />62
<br />284
<br />250
<br />600
<br />14
<br />39
<br />193
<br />90
<br />47
<br />LEGAL FEES
<br />244
<br />1,179
<br />3,750
<br />9,000
<br />(69)
<br />640
<br />2,122
<br />(942)
<br />(44)
<br />AUDITING FEES
<br />410
<br />2,396
<br />2,500
<br />6,000
<br />(4)
<br />405
<br />2,915
<br />(419)
<br />(15)
<br />INSURANCE
<br />3,460
<br />17,381
<br />17,916
<br />43,000
<br />(3)
<br />13,667
<br />27,473
<br />(10,092)
<br />(37)
<br />UTILITY SHARE - DEFERRED COM
<br />1,775
<br />11,285
<br />8,750
<br />21,000
<br />29
<br />1,756
<br />11,985
<br />(699)
<br />(6)
<br />UTILITY SHARE - MEDICAL/DENT
<br />14,704
<br />98,764
<br />105,454
<br />220,000
<br />(6)
<br />14,952
<br />105,252
<br />(6,488)
<br />(6)
<br />UTILITY SHARE - PERA
<br />6,222
<br />25,191
<br />23,333
<br />56,000
<br />8
<br />4,582
<br />23,001
<br />2,189
<br />10
<br />UTILITY SHARE - FICA
<br />6,216
<br />24,569
<br />22,500
<br />54,000
<br />9
<br />4,459
<br />22,046
<br />2,523
<br />11
<br />EMPLOYEE SICK PAY
<br />1,873
<br />10,856
<br />12,083
<br />29,000
<br />(10)
<br />1,399
<br />13,126
<br />(2,270)
<br />(17)
<br />EMPLOYEE HOLIDAY PAY
<br />2,875
<br />10,277
<br />11,636
<br />32,000
<br />(12)
<br />2,528
<br />9,604
<br />672
<br />7
<br />EMPLOYEE VACATION & PTO PA
<br />3,941
<br />27,050
<br />24,000
<br />52,000
<br />13
<br />3,071
<br />23,223
<br />3,827
<br />16
<br />UPMIC DISTRIBUTION
<br />0
<br />5,834
<br />5,250
<br />21,000
<br />11
<br />0
<br />3,632
<br />2,202
<br />61
<br />WELLHEAD PROTECTION
<br />0
<br />0
<br />850
<br />2,000
<br />(100)
<br />0
<br />6,861
<br />(6,861)
<br />(100)
<br />LONGEVITY PAY
<br />420
<br />420
<br />420
<br />837
<br />0
<br />0
<br />101
<br />318
<br />316
<br />CONSULTING FEES
<br />1,314
<br />7,996
<br />19,125
<br />45,900
<br />(58)
<br />273
<br />5,883
<br />2,112
<br />36
<br />TELEPHONE
<br />649
<br />3,425
<br />3,750
<br />9,000
<br />(9)
<br />685
<br />3,620
<br />(194)
<br />(5)
<br />ADVERTISING
<br />404
<br />1,726
<br />2,083
<br />5,000
<br />(17)
<br />563
<br />2,266
<br />(540)
<br />(24)
<br />DUES & SUBSCRIPTIONS - FEES
<br />19,086
<br />40,031
<br />41,600
<br />88,114
<br />(4)
<br />15,053
<br />34,571
<br />5,459
<br />16
<br />162
<br />
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