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Water
<br />Revenue
<br />Operating Revenue
<br />Water Sales
<br />Total Operating Revenue
<br />Other Operating Revenue
<br />Interest/Dividend Income
<br />Customer Penalties
<br />Connection Fees
<br />Misc Revenue
<br />Total Other Revenue
<br />Total Revenue
<br />Expenses
<br />Production Expense
<br />Pumping Expense
<br />Distribution Expense
<br />Depreciation & Amortization
<br />Interest Expense
<br />Other Operating Expense
<br />Customer Accounts Expense
<br />Administrative Expense
<br />General Expense
<br />Total Expenses(before Operating Transfers)
<br />Operating Transfer
<br />Utilities & Labor Donated
<br />Total Operating Transfer
<br />Net Income Profit(Loss)
<br />ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
<br />FOR PERIOD ENDING JULY 2024
<br />2024 2024 2024 YTD 2024 YTD 2024 2023 2023 YTD 2023 v. 2024 Variance
<br />JULY YTD YTD Budget Bud Var% ANNUAL JULY YTD VARIANCE Actual Var% Item
<br />BUDGET Variance BUDGET
<br />284,486 1,331,671 1,349,860 (18,189) -1.3% 2,788,003 523,974 1,685,977 (354,307)�(1)
<br />284,486 1,331,671 1,349,860 (18,189) -1.3% 2,788,003 523,974 1,685,977 (354,307) -21.0%
<br />17,382
<br />52,517
<br />24,208
<br />28,309
<br />41,500
<br />7,682
<br />24,038
<br />28,479 -(2)
<br />3,451
<br />13,324
<br />14,583
<br />(1,260) -8.6%
<br />25,000
<br />3,305
<br />10,588
<br />2,736 25.8%
<br />16,142
<br />229,042
<br />148,750
<br />80,292
<br />255,000
<br />16,498
<br />123,376
<br />105,66�(3)
<br />1,171
<br />8,388
<br />0,071
<br />(683) -7.5%
<br />618,786
<br />2,507
<br />9,541
<br />(1,154) -12.19/o
<br />38,145
<br />303,271
<br />196,613
<br />106,658 54.2%
<br />940,286
<br />29,992
<br />167,542
<br />135,729 81.0%
<br />322,632
<br />1,634,941
<br />1,546,472
<br />88,469 5.7%
<br />3,728,289
<br />553,966
<br />1,853,520
<br />(218,579) -11.8%
<br />13,179
<br />77,988
<br />67,083
<br />10,905
<br />163%
<br />115,000
<br />6,824
<br />62,317
<br />(4)
<br />76,256
<br />337,533
<br />376,642
<br />(39,109)
<br />-10.4%
<br />645,671
<br />69,874
<br />357.290
<br />(19,759)
<br />-5.5%
<br />39,080
<br />213,255
<br />258,791
<br />422,250
<br />30,301
<br />214,477
<br />(1,222)
<br />-0.6% (5)
<br />101,013
<br />706,575
<br />670,250
<br />36,325
<br />5.4%
<br />1,148,988
<br />97,626
<br />682,703
<br />23,973
<br />3.5%
<br />2,912
<br />20,387
<br />20,387
<br />0
<br />0.0%
<br />33,949
<br />3,112
<br />21,787
<br />(1,400)
<br />-6.4%
<br />60
<br />842
<br />1,925
<br />(1,083)
<br />-56.3%
<br />92,300
<br />105
<br />2,518
<br />(1,676)
<br />-66.6%
<br />7,865
<br />54,094
<br />53,521
<br />574
<br />1.1%
<br />91,750
<br />7,492
<br />50,925
<br />3,169
<br />6.2%
<br />64,942
<br />564,164
<br />631,912
<br />(67,748)
<br />-10.7%
<br />1,092,624
<br />57,965
<br />549,825
<br />14,339
<br />2.6%
<br />(41)
<br />1,882
<br />8,896
<br />(7,014)
<br />-78.8%
<br />15,250
<br />336
<br />4,079
<br />(2,197)
<br />-53.9%
<br />305,267
<br />1,976,720
<br />2,089,406
<br />(112,686)
<br />-5.4%
<br />3,647,782
<br />273,636
<br />1,945,921
<br />30,799
<br />1.6%
<br />0 0 875 (875)-100.0% 1,500 0 0 0 0.0%
<br />0 0 875 (875)-100.0% 1,500 0 0 0 0.0%
<br />17,365 (341,779) (543,809) 202,030 37.2% 79,007 280,330 (92,401) (249,378)-269.9%
<br />Item Variance of+/- $15,000 and+/- 15%
<br />(1) PYTD variance is due to decreased usage.
<br />(2) PYTD variance is due to the change in Fair Market Value of Investments. More funds were transferred to UBS/invested in 2024.
<br />(3) YTD budget and PYTD variance due to large 2 large connection agreements in January 2024.
<br />(4) PYTD variance is due to increased labor for mtce of structures.
<br />(5) YTD budget variance is mainly due to the budget amount for Mtce of Water Mains having an even budget spread.
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