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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 JULY 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 />JULY
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />JULY
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />LEGAL FEES
<br />4,601
<br />12,069
<br />17,500
<br />30,000
<br />(31)
<br />3,134
<br />14,438
<br />(2,369)
<br />(16)
<br />AUDITING FEES
<br />1,640
<br />10,680
<br />12,833
<br />22,000
<br />(17)
<br />1,623
<br />12,323
<br />(1,643)
<br />(13)
<br />INSURANCE
<br />15,385
<br />108,189
<br />110,833
<br />190,000
<br />(2)
<br />14,452
<br />124,951
<br />(16,761)
<br />(13)
<br />UTILITY SHARE - DEFERRED COM
<br />6,726
<br />84,037
<br />70,000
<br />120,000
<br />20
<br />7,258
<br />86,705
<br />(2,667)
<br />(3)
<br />UTILITY SHARE - MEDICAL/DENT
<br />57,391
<br />543,414
<br />558,409
<br />870,000
<br />(3)
<br />56,138
<br />529,950
<br />13,464
<br />3
<br />UTILITY SHARE - PERA
<br />25,627
<br />178,651
<br />176,166
<br />302,000
<br />1
<br />22,697
<br />167,721
<br />10,929
<br />7
<br />UTILITY SHARE - FICA
<br />25,747
<br />174,412
<br />172,083
<br />295,000
<br />1
<br />22,440
<br />163,764
<br />10,647
<br />7
<br />EMPLOYEE SICK PAY
<br />11,101
<br />72,035
<br />96,250
<br />165,000
<br />(25)
<br />12,284
<br />98,282
<br />(26,247)
<br />(27)
<br />EMPLOYEE HOLIDAY PAY
<br />14,363
<br />88,951
<br />78,I81
<br />172,000
<br />14
<br />13,756
<br />84,260
<br />4,691
<br />6
<br />EMPLOYEE VACATION & PTO PA
<br />22,239
<br />190,856
<br />168,636
<br />275,000
<br />13
<br />20,303
<br />169,251
<br />21,605
<br />13
<br />UPMIC DISTRIBUTION
<br />0
<br />43,795
<br />50,500
<br />101,000
<br />(13)
<br />0
<br />36,462
<br />7,333
<br />20
<br />LONGEVITY PAY
<br />0
<br />1,680
<br />1,680
<br />6,964
<br />0
<br />2,100
<br />9,603
<br />(7,923)
<br />(83)
<br />CONSULTING FEES
<br />0
<br />27,954
<br />56,933
<br />97,600
<br />(51)
<br />0
<br />3,415
<br />24,539
<br />719
<br />TELEPHONE
<br />3,069
<br />20,559
<br />22,166
<br />38,000
<br />(7)
<br />3,052
<br />21,986
<br />(1,426)
<br />(6)
<br />ADVERTISING
<br />960
<br />7,916
<br />11,083
<br />19,000
<br />(29)
<br />384
<br />7,417
<br />499
<br />7
<br />DUES & SUBSCRIPTIONS - FEES
<br />9,535
<br />71,933
<br />80,227
<br />137,533
<br />(10)
<br />10,387
<br />69,040
<br />2,893
<br />4
<br />SCHOOLS & MEETINGS
<br />5,653
<br />112,388
<br />151,000
<br />274,894
<br />(26)
<br />11,749
<br />116,593
<br />(4,204)
<br />(4)
<br />MTCE OF GENERAL PLANT & OFFI
<br />845
<br />5,915
<br />7,583
<br />13,000
<br />(22)
<br />1,002
<br />7,019
<br />(1,104)
<br />(16)
<br />Total For Administrative Expense:
<br />289,235
<br />2,343,123
<br />2,471,776
<br />4,208,492
<br />(5)
<br />272,525
<br />2,278,525
<br />64,598
<br />3
<br />General Expense
<br />CIP REBATES - RESIDENTIAL
<br />10,459
<br />50,953
<br />52,942
<br />90,758
<br />(4)
<br />6,715
<br />33,191
<br />17,762
<br />54
<br />CIP REBATES - COMMERCIAL
<br />0
<br />42,099
<br />65,333
<br />112,000
<br />(36)
<br />960
<br />40,964
<br />1,135
<br />3
<br />CIP - ADMINISTRATION
<br />12,552
<br />92,697
<br />106,729
<br />182,965
<br />(13)
<br />425
<br />6,893
<br />85,804
<br />1,245
<br />CIP - MARKETING
<br />4,797
<br />32,286
<br />29,887
<br />51,235
<br />8
<br />3,162
<br />24,079
<br />8,206
<br />34
<br />CIP - LABOR
<br />7,642
<br />58,120
<br />78,062
<br />133,822
<br />(26)
<br />10,480
<br />82,022
<br />(23,901)
<br />(29)
<br />CIP REBATES - LOW INCOME
<br />0
<br />3,468
<br />10,920
<br />18,720
<br />(68)
<br />0
<br />11,879
<br />(8,411)
<br />(71)
<br />CIP - LOW INCOME LABOR
<br />750
<br />5,478
<br />5,833
<br />10,000
<br />(6)
<br />660
<br />5,694
<br />(215)
<br />(4)
<br />ENVIRONMENTAL COMPLIANCE
<br />3,293
<br />18,770
<br />20,416
<br />35,000
<br />(8)
<br />2,713
<br />10,532
<br />8,238
<br />78
<br />MISC GENERAL EXPENSE
<br />(52)
<br />2,156
<br />1,458
<br />2,500
<br />48
<br />(42)
<br />6,049
<br />(3,892)
<br />(64)
<br />Total For General Expense:
<br />39,433
<br />306,030
<br />371,583
<br />637,000
<br />(18)
<br />25,076
<br />221,305
<br />84,724
<br />38
<br />Total Expenses(before Operating Transfers)
<br />4,136,344
<br />23,596,835
<br />25,681,453
<br />44,976,678
<br />(8)
<br />4,288,762
<br />24,811,528
<br />(1,214,692)
<br />(5)
<br />Operating Transfer
<br />Operating Transfer/Other Funds
<br />TRANSFER TO CITY ELK RIVER R 132,179 839,240 961,797 1,707,411 (13) 158,086 931,229 (91,988) (10)
<br />70
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