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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 />Water
<br />JULY
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />DULY
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />Other Operating Expense
<br />LOSS ON DISPOSITION OF PROP (C
<br />0
<br />0
<br />0
<br />14,000
<br />0
<br />0
<br />0
<br />0
<br />0
<br />DAM MAINTENANCE EXPENSE
<br />0
<br />177
<br />1,166
<br />2,000
<br />(85)
<br />0
<br />1,689
<br />(1,511)
<br />(90)
<br />PENSION EXPENSE
<br />0
<br />0
<br />0
<br />65,000
<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 />94
<br />(94)
<br />(100)
<br />INTEREST EXPENSE - METER DEP
<br />60
<br />664
<br />758
<br />1,300
<br />(12)
<br />104
<br />734
<br />(69)
<br />(9)
<br />Total For Other Operating Expense:
<br />60
<br />841
<br />1,925
<br />82,300
<br />(56)
<br />104
<br />2,517
<br />(1,675)
<br />(67)
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />627
<br />2,473
<br />1,458
<br />2,500
<br />70
<br />190
<br />1,212
<br />1,260
<br />104
<br />MISC CUSTOMER ACCOUNTS EXP
<br />7,217
<br />51,601
<br />51,916
<br />89,000
<br />(1)
<br />7,301
<br />49,712
<br />1,889
<br />4
<br />BAD DEBT EXPENSE & RECOVER
<br />19
<br />19
<br />145
<br />250
<br />(87)
<br />0
<br />0
<br />19
<br />100
<br />Total For Customer Accounts Expense:
<br />7,865
<br />54,094
<br />53,520
<br />91,750
<br />1
<br />7,491
<br />50,925
<br />3,169
<br />6
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />21,649
<br />150,464
<br />166,250
<br />285,000
<br />(9)
<br />18,119
<br />134,162
<br />16,302
<br />12
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />583
<br />1,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />1,447
<br />11,832
<br />21,583
<br />37,000
<br />(45)
<br />1,890
<br />16,569
<br />(4,736)
<br />(29)
<br />ELECTRIC & WATER CONSUMPTI
<br />731
<br />3,985
<br />6,416
<br />11,000
<br />(38)
<br />647
<br />4,317
<br />(331)
<br />(8)
<br />BANK FEES
<br />64
<br />400
<br />350
<br />600
<br />15
<br />33
<br />259
<br />141
<br />55
<br />LEGAL FEES
<br />701
<br />2,539
<br />5,250
<br />9,000
<br />(52)
<br />783
<br />3,074
<br />(535)
<br />(17)
<br />AUDITING FEES
<br />410
<br />3,216
<br />3,500
<br />6,000
<br />(8)
<br />405
<br />3,626
<br />(410)
<br />(11)
<br />INSURANCE
<br />3,555
<br />24,397
<br />25,083
<br />43,000
<br />(3)
<br />3,247
<br />34,392
<br />(9,995)
<br />(29)
<br />UTILITY SHARE - DEFERRED COM
<br />1,267
<br />13,893
<br />12,250
<br />21,000
<br />13
<br />1,206
<br />14,502
<br />(608)
<br />(4)
<br />UTILITY SHARE - MEDICAL/DENT
<br />14,693
<br />128,162
<br />138,181
<br />220,000
<br />(7)
<br />12,032
<br />132,259
<br />(4,097)
<br />(3)
<br />UTILITY SHARE - PERA
<br />4,882
<br />34,396
<br />32,666
<br />56,000
<br />5
<br />4,072
<br />31,096
<br />3,300
<br />11
<br />UTILITY SHARE - FICA
<br />5,057
<br />34,043
<br />31,500
<br />54,000
<br />8
<br />3,917
<br />30,115
<br />3,927
<br />13
<br />EMPLOYEE SICK PAY
<br />2,068
<br />14,529
<br />16,916
<br />29,000
<br />(14)
<br />1,807
<br />16,238
<br />(1,708)
<br />(11)
<br />EMPLOYEE HOLIDAY PAY
<br />2,874
<br />16,028
<br />14,545
<br />32,000
<br />10
<br />2,530
<br />14,662
<br />1,366
<br />9
<br />EMPLOYEE VACATION & PTO PA
<br />3,862
<br />34,928
<br />32,000
<br />52,000
<br />9
<br />3,903
<br />30,238
<br />4,690
<br />16
<br />UPMIC DISTRIBUTION
<br />0
<br />9,752
<br />10,500
<br />21,000
<br />(7)
<br />0
<br />6,284
<br />3,468
<br />55
<br />WELLHEAD PROTECTION
<br />0
<br />0
<br />1,190
<br />2,000
<br />(100)
<br />0
<br />6,861
<br />(6,861)
<br />(100)
<br />LONGEVITY PAY
<br />0
<br />420
<br />420
<br />837
<br />0
<br />0
<br />2,271
<br />(1,851)
<br />(82)
<br />CONSULTING FEES
<br />217
<br />8,214
<br />26,775
<br />45,900
<br />(69)
<br />0
<br />7,283
<br />930
<br />13
<br />TELEPHONE
<br />676
<br />4,746
<br />5,250
<br />9,000
<br />(10)
<br />692
<br />4,998
<br />(252)
<br />(5)
<br />ADVERTISING
<br />240
<br />2,172
<br />2,916
<br />5,000
<br />(26)
<br />96
<br />2,612
<br />(439)
<br />(17)
<br />DUES & SUBSCRIPTIONS -FEES
<br />1,229
<br />43,069
<br />45,600
<br />88,114
<br />(6)
<br />1,322
<br />37,641
<br />5,428
<br />14
<br />74
<br />
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