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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN
<br />NET POSITION
<br />FOR PERIOD ENDING JUKE 2024
<br />2024 2024
<br />2024
<br />2024 YTD ANNUAL
<br />2024 YTD 2023
<br />2023
<br />YTD
<br />2023 v. 2024
<br />Water JUNE
<br />YTD BUDGET BUDGET
<br />Bud Var% DUNE
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />Total Revenue 305,423
<br />1,312,309 1,104,096 3,728,289
<br />19 455,954
<br />1,299,554
<br />12,755
<br />1
<br />Expenses
<br />Production Expense
<br />MTCE OF STRUCTURES 7,964
<br />64,809 57,499 115,000
<br />13 7,086
<br />55,493
<br />9,316
<br />17
<br />Total For Production Expense: 7,964
<br />64,809 57,499 115,000
<br />13 7,086
<br />55,493
<br />9,316
<br />17
<br />Pumping Expense
<br />SUPERVISION
<br />5,274
<br />34,257
<br />33,750
<br />67,500
<br />2
<br />4,128
<br />31,016
<br />3,240
<br />10
<br />ELECTRIC & GAS UTILITIES
<br />21,886
<br />119,172
<br />167,585
<br />335,171
<br />(29)
<br />35,261
<br />158,513
<br />(39,341)
<br />(25)
<br />SAMPLING
<br />1,038
<br />8,107
<br />8,500
<br />17,000
<br />(5)
<br />764
<br />7,442
<br />665
<br />9
<br />CHEMICAL FEED
<br />3,097
<br />16,184
<br />26,500
<br />53,000
<br />(39)
<br />5,782
<br />18,628
<br />(2,444)
<br />(13)
<br />MTCE OF WELLS
<br />13,322
<br />79,182
<br />82,500
<br />165,000
<br />(4)
<br />7,044
<br />70,144
<br />9,037
<br />13
<br />SCADA - PUMPING
<br />396
<br />4,374
<br />4,000
<br />8,000
<br />9
<br />234
<br />1,670
<br />2,703
<br />162
<br />Total For Pumping Expense:
<br />45,005
<br />261,276
<br />322,835
<br />645,671
<br />(19)
<br />53,214
<br />287,415
<br />(26,138)
<br />(9)
<br />Distribution Expense
<br />MTCE OF WATER MAINS
<br />4,599
<br />37,881
<br />87,499
<br />175,000
<br />(57)
<br />15,612
<br />91,182
<br />(53,301)
<br />(58)
<br />LOCATE WATER LINES
<br />1,301
<br />6,795
<br />8,625
<br />17,250
<br />(21)
<br />1,135
<br />3,594
<br />3,200
<br />89
<br />MTCE OF WATER SERVICES
<br />0
<br />0
<br />250
<br />500
<br />(100)
<br />0
<br />184
<br />(184)
<br />(100)
<br />WATER METER SERVICE
<br />2,067
<br />20,979
<br />33,000
<br />66,000
<br />(36)
<br />4,706
<br />12,853
<br />8,125
<br />63
<br />BACKFLOW DEVICE INSPECTION
<br />2,268
<br />9,163
<br />10,000
<br />20,000
<br />(8)
<br />1,810
<br />9,235
<br />(71)
<br />(1)
<br />MTCE OF CUSTOMERS SERVICE
<br />2,551
<br />15,973
<br />16,500
<br />33,000
<br />(3)
<br />2,435
<br />14,818
<br />1,154
<br />8
<br />WATER MAPPING
<br />1,111
<br />12,138
<br />7,500
<br />15,000
<br />62
<br />1,063
<br />8,963
<br />3,174
<br />35
<br />MTCE OF WATER HYDRANTS -PU
<br />2,590
<br />17,289
<br />10,000
<br />20,000
<br />73
<br />2,574
<br />7,145
<br />10,144
<br />142
<br />MTCE OF WATER HYDRANTS - PR
<br />2,068
<br />3,621
<br />3,000
<br />6,000
<br />21
<br />2,694
<br />2,721
<br />900
<br />33
<br />WATER CLOTHING/PPE
<br />456
<br />9,097
<br />4,999
<br />10,000
<br />82
<br />336
<br />7,619
<br />1,477
<br />19
<br />WAGES WATER
<br />555
<br />3,829
<br />3,750
<br />7,500
<br />2
<br />451
<br />3,456
<br />373
<br />11
<br />TRANSPORTATION EXPENSE
<br />3,637
<br />11,148
<br />12,000
<br />24,000
<br />(7)
<br />830
<br />6,646
<br />4,502
<br />68
<br />WATER PERMIT
<br />0
<br />26,255
<br />28,000
<br />28,000
<br />(6)
<br />0
<br />15,752
<br />10,502
<br />67
<br />Total For Distribution Expense:
<br />23,208
<br />174,174
<br />225,125
<br />422,250
<br />(23)
<br />33,650
<br />184,175
<br />(10,001)
<br />(5)
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />101,671
<br />605,562
<br />574,500
<br />1,148,987
<br />5
<br />97,652
<br />585,077
<br />20,485
<br />4
<br />Total For Depreciation & Amortization:
<br />101,671
<br />605,562
<br />574,500
<br />1,148,987
<br />5
<br />97,652
<br />585,077
<br />20,485
<br />4
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />3,466
<br />20,800
<br />20,799
<br />40,600
<br />0
<br />3,666
<br />22,000
<br />(1,199)
<br />(5)
<br />AMORTIZATION OF DEBT DTSCOU
<br />(554)
<br />(3,325)
<br />(3,325)
<br />(6,651)
<br />0
<br />(554)
<br />(3,325)
<br />0
<br />0
<br />Total For Interest Expense:
<br />2,912
<br />17,474
<br />17,474
<br />33,949
<br />0
<br />3,112
<br />18,674
<br />(1,199)
<br />(6)
<br />79
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