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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 JUKE 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 />JUNE
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />DUNE
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />SALARIES TRANSMISSION & DIST
<br />2,032
<br />14,941
<br />15,000
<br />30,000
<br />0
<br />2,235
<br />14,172
<br />769
<br />5
<br />ELECTRIC MAPPING
<br />4,040
<br />92,814
<br />49,999
<br />100,000
<br />86
<br />5,976
<br />78,028
<br />14,785
<br />19
<br />MTCE OF OH SECONDARY
<br />1,857
<br />9,163
<br />12,499
<br />25,000
<br />(27)
<br />2,966
<br />10,938
<br />(1,774)
<br />(16)
<br />MTCE OF URD SECONDARY
<br />3,140
<br />22,810
<br />30,000
<br />60,000
<br />(24)
<br />5,142
<br />24,169
<br />(1,359)
<br />(6)
<br />TRANSPORTATION EXPENSE
<br />29,372
<br />170,107
<br />150,000
<br />300,000
<br />13
<br />10,193
<br />153,717
<br />16,389
<br />11
<br />Total For Maintenance Expense:
<br />153,321
<br />1,024,027
<br />896,250
<br />1,668,500
<br />14
<br />104,051
<br />834,602
<br />189,425
<br />23
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />219,423
<br />1,317,006
<br />1,219,740
<br />2,439,475
<br />8
<br />205,544
<br />1,247,980
<br />69,026
<br />6
<br />AMORTIZATION
<br />55,677
<br />334,067
<br />334,068
<br />668,136
<br />0
<br />55,677
<br />334,067
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />275,101
<br />1,651,074
<br />1,553,808
<br />3,107,611
<br />6
<br />261,222
<br />1,582,047
<br />69,026
<br />4
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />70,163
<br />422,215
<br />422,215
<br />845,673
<br />0
<br />73,213
<br />440,478
<br />(18,262)
<br />(4)
<br />AMORTIZATION OF DEBT DISCOU
<br />(4,988)
<br />(29,931)
<br />(29,931)
<br />(59,863)
<br />0
<br />(4,988)
<br />(29,931)
<br />0
<br />0
<br />Total For Interest Expense:
<br />65,174
<br />392,284
<br />392,284
<br />785,810
<br />0
<br />68,224
<br />410,547
<br />(18,262)
<br />(4)
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />218
<br />1,324
<br />1,549
<br />3,100
<br />(15)
<br />251
<br />856
<br />467
<br />54
<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 />1,500
<br />3,000
<br />(100)
<br />0
<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 />4,801
<br />28,494
<br />25,000
<br />50,000
<br />14
<br />3,975
<br />23,650
<br />4,843
<br />20
<br />Total For Other Operating Expense:
<br />5,020
<br />33,924
<br />28,050
<br />506,900
<br />21
<br />4,226
<br />24,993
<br />8,930
<br />36
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />4,461
<br />20,712
<br />23,500
<br />47,000
<br />(12)
<br />3,390
<br />19,855
<br />857
<br />4
<br />DISCONNECURECONNECT EXPEN
<br />1,463
<br />6,589
<br />10,999
<br />22,000
<br />(40)
<br />2,483
<br />10,800
<br />(4,210)
<br />(39)
<br />M1SC CUSTOMER ACCOUNTS EXP
<br />29,708
<br />171,973
<br />172,500
<br />345,000
<br />0
<br />25,337
<br />163,606
<br />8,367
<br />5
<br />BAD DEBT EXPENSE & RECOVER
<br />254
<br />6,569
<br />12,499
<br />25,000
<br />(47)
<br />(1,121)
<br />22,659
<br />(16,089)
<br />(71)
<br />Total For Customer Accounts Expense:
<br />35,888
<br />205,845
<br />219,499
<br />439,000
<br />(6)
<br />30,090
<br />216,921
<br />(11,075)
<br />(5)
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />65,984
<br />441,120
<br />454,000
<br />908,000
<br />(3)
<br />65,254
<br />403,705
<br />37,414
<br />9
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />1,999
<br />4,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />13,551
<br />47,906
<br />62,500
<br />125,000
<br />(23)
<br />9,995
<br />66,313
<br />(18,407)
<br />(28)
<br />ELECTRIC & WATER CONSUMPTI
<br />2,429
<br />13,009
<br />19,999
<br />40,000
<br />(35)
<br />2,821
<br />14,680
<br />(1,670)
<br />(11)
<br />BANK FEES
<br />206
<br />1,295
<br />1,249
<br />2,500
<br />4
<br />130
<br />879
<br />416
<br />47
<br />LEGAL FEES
<br />2,631
<br />7,467
<br />15,000
<br />30,000
<br />(50)
<br />672
<br />11,304
<br />(3,836)
<br />(34)
<br />75
<br />
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