|
ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
<br />FOR PERIOD ENDING AUGUST 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 />AUGUST
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />AUGUST
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />SALARIES TRANSMISSION & DIST
<br />2,459
<br />20,018
<br />20,000
<br />30,000
<br />0
<br />2,599
<br />18,682
<br />1,336
<br />7
<br />ELECTRIC MAPPING
<br />4,264
<br />103,023
<br />66,666
<br />100,000
<br />55
<br />6,618
<br />90,113
<br />12,910
<br />14
<br />MTCE OF OH SECONDARY
<br />2,544
<br />13,683
<br />16,666
<br />25,000
<br />(18)
<br />4,398
<br />17,751
<br />(4,067)
<br />(23)
<br />MTCE OF URD SECONDARY
<br />8,945
<br />38,735
<br />40,000
<br />60,000
<br />(3)
<br />10,049
<br />39,287
<br />(551)
<br />(1)
<br />TRANSPORTATION EXPENSE
<br />20,704
<br />205,461
<br />200,000
<br />300,000
<br />3
<br />25,347
<br />193,664
<br />11,797
<br />6
<br />Total For Maintenance Expense:
<br />147,573
<br />1,300,358
<br />1,138,000
<br />1,668,500
<br />14
<br />199,429
<br />1,146,472
<br />153,885
<br />13
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />219,657
<br />1,756,034
<br />1,626,320
<br />2,439,475
<br />8
<br />208,090
<br />1,662,878
<br />93,155
<br />6
<br />AMORTIZATION
<br />55,677
<br />445,423
<br />445,424
<br />668,136
<br />0
<br />55,677
<br />445,423
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />275,334
<br />2,201,457
<br />2,071,744
<br />3,107,611
<br />6
<br />263,768
<br />2,108,302
<br />93,155
<br />4
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />68,246
<br />560,625
<br />560,624
<br />845,673
<br />0
<br />71,400
<br />585,091
<br />(24,466)
<br />(4)
<br />AMORTIZATION OF DEBT DISCOU
<br />(4,988)
<br />(39,908)
<br />(39,908)
<br />(59,863)
<br />0
<br />(4,988)
<br />(39,908)
<br />0
<br />0
<br />Total For Interest Expense:
<br />63,257
<br />520,716
<br />520,716
<br />785,810
<br />0
<br />66,412
<br />545,183
<br />(24,466)
<br />(4)
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />138
<br />1,685
<br />2,066
<br />3,100
<br />(18)
<br />239
<br />1,341
<br />343
<br />26
<br />LOSS ON DISPOSITION OF PROP (C
<br />0
<br />4,105
<br />0
<br />155,800
<br />0
<br />0
<br />13,073
<br />(8,968)
<br />(69)
<br />OTHER DONATIONS
<br />0
<br />0
<br />2,000
<br />3,000
<br />(100)
<br />0
<br />108
<br />(108)
<br />(100)
<br />MUTUAL AID
<br />24,218
<br />27,519
<br />0
<br />0
<br />0
<br />4,415
<br />4,415
<br />23,103
<br />523
<br />PENSION EXPENSE
<br />0
<br />0
<br />0
<br />295,000
<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 />378
<br />(378)
<br />(100)
<br />INTEREST EXPENSE - METER DEP
<br />4,829
<br />39,129
<br />33,333
<br />50,000
<br />14
<br />3,993
<br />31,620
<br />6,508
<br />21
<br />Total For Other Operating Expense:
<br />29,186
<br />71,439
<br />37,400
<br />506,900
<br />91
<br />8,649
<br />50,938
<br />20,501
<br />40
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />5,255
<br />30,726
<br />31,333
<br />47,000
<br />(2)
<br />3,653
<br />27,188
<br />3,537
<br />13
<br />DISCONNECT/RECONNECT EXPEN
<br />1,625
<br />10,064
<br />14,666
<br />22,000
<br />(31)
<br />2,869
<br />14,661
<br />(4,597)
<br />(31)
<br />MISC CUSTOMER ACCOUNTS EXP
<br />31,050
<br />231,206
<br />230,000
<br />345,000
<br />1
<br />28,388
<br />220,363
<br />10,842
<br />5
<br />BAD DEBT EXPENSE & RECOVER
<br />3,408
<br />11,848
<br />16,666
<br />25,000
<br />(29)
<br />496
<br />23,963
<br />(12,115)
<br />(51)
<br />Total For Customer Accounts Expense:
<br />41,339
<br />283,845
<br />292,666
<br />439,000
<br />(3)
<br />35,408
<br />286,178
<br />(2,333)
<br />(1)
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />72,423
<br />588,300
<br />605,333
<br />908,000
<br />(3)
<br />71,088
<br />533,916
<br />54,383
<br />10
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />2,666
<br />4,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />6,961
<br />61,275
<br />83,333
<br />125,000
<br />(26)
<br />12,188
<br />86,417
<br />(25,142)
<br />(29)
<br />ELECTRIC & WATER CONSUMPTI
<br />2,581
<br />18,515
<br />26,666
<br />40,000
<br />(31)
<br />2,929
<br />20,198
<br />(1,682)
<br />(8)
<br />BANK FEES
<br />265
<br />1,820
<br />1,666
<br />2,500
<br />9
<br />219
<br />1,230
<br />599
<br />48
<br />a
<br />
|