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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 JULY 2024
<br />2024 2024
<br />2024
<br />2024 YTD ANNUAL
<br />2024 YTD 2023
<br />2023
<br />YTD
<br />2023 v. 2024
<br />Water JULY
<br />YTD BUDGET BUDGET
<br />Bud Var% DULY
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />Total Revenue 322,631
<br />1,634,941 1,546,472 3,728,289
<br />6 553,965
<br />1,853,519
<br />(218,578)
<br />(12)
<br />Expenses
<br />Production Expense
<br />MTCE OF STRUCTURES 13,178
<br />77,988 67,083 115,000
<br />16 6,824
<br />62,317
<br />15,670
<br />25
<br />Total For Production Expense: 13,178
<br />77,988 67,083 115,000
<br />16 6,824
<br />62,317
<br />15,670
<br />25
<br />Pumping Expense
<br />SUPERVISION
<br />6,070
<br />40,327
<br />39,375
<br />67,500
<br />2
<br />5,433
<br />36,450
<br />3,877
<br />11
<br />ELECTRIC & GAS UTILITIES
<br />28,083
<br />147,255
<br />195,516
<br />335,171
<br />(25)
<br />30,799
<br />189,312
<br />(42,057)
<br />(22)
<br />SAMPLING
<br />5,667
<br />13,775
<br />9,916
<br />17,000
<br />39
<br />2,163
<br />9,605
<br />4,169
<br />43
<br />CHEMICAL FEED
<br />2,846
<br />19,030
<br />30,916
<br />53,000
<br />(38)
<br />6,958
<br />25,587
<br />(6,556)
<br />(26)
<br />MTCE OF WELLS
<br />32,272
<br />111,454
<br />96,250
<br />165,000
<br />16
<br />24,234
<br />94,379
<br />17,075
<br />18
<br />SCADA - PUMPING
<br />1,315
<br />5,689
<br />4,666
<br />8,000
<br />22
<br />284
<br />1,954
<br />3,734
<br />191
<br />Total For Pumping Expense:
<br />76,255
<br />337,532
<br />376,641
<br />645,671
<br />(10)
<br />69,874
<br />357,290
<br />(19,757)
<br />(6)
<br />Distribution Expense
<br />MTCE OF WATER MAINS
<br />10,364
<br />48,245
<br />102,083
<br />175,000
<br />(53)
<br />16,438
<br />107,621
<br />(59,375)
<br />(55)
<br />LOCATE WATER LINES
<br />1,353
<br />8,148
<br />10,062
<br />17,250
<br />(19)
<br />1,096
<br />4,691
<br />3,457
<br />74
<br />MTCE OF WATER SERVICES
<br />0
<br />0
<br />291
<br />500
<br />(100)
<br />0
<br />184
<br />(184)
<br />(100)
<br />WATER METER SERVICE
<br />17,490
<br />38,469
<br />38,500
<br />66,000
<br />0
<br />3,836
<br />16,690
<br />21,779
<br />130
<br />BACKFLOW DEVICE INSPECTION
<br />2,324
<br />11,488
<br />12,478
<br />20,000
<br />(8)
<br />2,259
<br />11,495
<br />(7)
<br />0
<br />MTCE OF CUSTOMERS SERVICE
<br />3,130
<br />19,103
<br />19,250
<br />33,000
<br />(1)
<br />2,545
<br />17,364
<br />1,739
<br />10
<br />WATER MAPPING
<br />468
<br />12,607
<br />8,750
<br />15,000
<br />44
<br />354
<br />9,318
<br />3,299
<br />35
<br />MTCE OF WATER HYDRANTS - PU
<br />993
<br />19,273
<br />11,666
<br />20,000
<br />57
<br />765
<br />7,911
<br />10,362
<br />131
<br />MTCE OF WATER HYDRANTS - PR
<br />570
<br />4,192
<br />3,500
<br />6,000
<br />20
<br />617
<br />3,338
<br />853
<br />26
<br />WATER CLOTHING/PPE
<br />115
<br />9,212
<br />5,833
<br />10,000
<br />58
<br />28
<br />7,648
<br />1,564
<br />20
<br />WAGES WATER
<br />606
<br />4,436
<br />4,375
<br />7,500
<br />1
<br />603
<br />4,060
<br />376
<br />9
<br />TRANSPORTATION EXPENSE
<br />1,672
<br />12,820
<br />14,000
<br />24,000
<br />(8)
<br />1,754
<br />8,400
<br />4,419
<br />53
<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 />39,080
<br />213,254
<br />258,790
<br />422,250
<br />(18)
<br />30,301
<br />214,477
<br />(1,222)
<br />(1)
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />101,013
<br />706,575
<br />670,250
<br />1,148,987
<br />5
<br />97,625
<br />682,702
<br />23,872
<br />3
<br />Total For Depreciation & Amortization:
<br />101,013
<br />706,575
<br />670,250
<br />1,148,987
<br />5
<br />97,625
<br />682,702
<br />23,872
<br />3
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />3,466
<br />24,266
<br />24,266
<br />40,600
<br />0
<br />3,666
<br />25,666
<br />(1,400)
<br />(5)
<br />AMORTIZATION OF DEBT DTSCOU
<br />(554)
<br />(3,879)
<br />(3,879)
<br />(6,651)
<br />0
<br />(554)
<br />(3,879)
<br />0
<br />0
<br />Total For Interest Expense:
<br />2,912
<br />20,386
<br />20,386
<br />33,949
<br />0
<br />3,112
<br />21,786
<br />(1,400)
<br />(6)
<br />73
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