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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 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 />LEGAL FEES
<br />3,050
<br />15,119
<br />20,000
<br />30,000
<br />(24)
<br />1,265
<br />15,704
<br />(584)
<br />(4)
<br />AUDITING FEES
<br />1,640
<br />12,320
<br />14,666
<br />22,000
<br />(16)
<br />1,623
<br />13,946
<br />(1,626)
<br />(12)
<br />INSURANCE
<br />15,385
<br />123,575
<br />126,666
<br />190,000
<br />(2)
<br />14,905
<br />139,856
<br />(16,281)
<br />(12)
<br />UTILITY SHARE - DEFERRED COM
<br />8,248
<br />92,286
<br />80,000
<br />120,000
<br />15
<br />6,244
<br />92,949
<br />(663)
<br />(1)
<br />UTILITY SHARE - MEDICAL/DENT
<br />61,735
<br />605,150
<br />620,727
<br />870,000
<br />(3)
<br />58,566
<br />588,516
<br />16,633
<br />3
<br />UTILITY SHARE - PERA
<br />25,892
<br />204,543
<br />201,333
<br />302,000
<br />2
<br />24,969
<br />192,690
<br />11,852
<br />6
<br />UTILITY SHARE - FICA
<br />25,261
<br />199,673
<br />196,666
<br />295,000
<br />2
<br />24,961
<br />189,726
<br />10,947
<br />6
<br />EMPLOYEE SICK PAY
<br />39,491
<br />111,527
<br />110,000
<br />165,000
<br />1
<br />9,852
<br />108,135
<br />3,392
<br />3
<br />EMPLOYEE HOLIDAY PAY
<br />0
<br />88,951
<br />78,I8I
<br />172,000
<br />14
<br />0
<br />84,260
<br />4,691
<br />6
<br />EMPLOYEE VACATION & PTO PA
<br />46,800
<br />237,656
<br />189,909
<br />275,000
<br />25
<br />18,764
<br />188,015
<br />49,641
<br />26
<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 />1,240
<br />2,920
<br />2,920
<br />6,964
<br />0
<br />3,265
<br />12,868
<br />(9,948)
<br />(77)
<br />CONSULTING FEES
<br />5,708
<br />33,663
<br />65,066
<br />97,600
<br />(48)
<br />0
<br />3,415
<br />30,248
<br />886
<br />TELEPHONE
<br />2,774
<br />23,334
<br />25,333
<br />38,000
<br />(8)
<br />2,878
<br />24,864
<br />(1,530)
<br />(6)
<br />ADVERTISING
<br />1,060
<br />8,976
<br />12,666
<br />19,000
<br />(29)
<br />1,648
<br />9,066
<br />(89)
<br />(1 1)
<br />DUES & SUBSCRIPTIONS - FEES
<br />9,996
<br />81,930
<br />91,689
<br />137,533
<br />(11)
<br />9,598
<br />78,638
<br />3,291
<br />4
<br />SCHOOLS & MEETINGS
<br />18,519
<br />130,908
<br />171,000
<br />274,894
<br />(23)
<br />36,009
<br />152,602
<br />(21,694)
<br />(14)
<br />MTCE OF GENERAL PLANT & OFFI
<br />845
<br />6,760
<br />8,666
<br />13,000
<br />(22)
<br />1,002
<br />8,021
<br />(1,261)
<br />(16)
<br />Total For Administrative Expense:
<br />349,881
<br />2,693,005
<br />2,785,660
<br />4,208,492
<br />(3)
<br />301,980
<br />2,580,505
<br />112,499
<br />4
<br />General Expense
<br />CIP REBATES - RESIDENTIAL
<br />7,732
<br />58,685
<br />60,505
<br />90,758
<br />(3)
<br />5,500
<br />38,691
<br />19,994
<br />52
<br />CIP REBATES - COMMERCIAL
<br />1,845
<br />43,944
<br />74,666
<br />112,000
<br />(41)
<br />2,047
<br />43,011
<br />933
<br />2
<br />CIP - ADMINISTRATION
<br />39,776
<br />132,473
<br />121,976
<br />182,965
<br />9
<br />3,644
<br />10,537
<br />121,936
<br />1,157
<br />CIP - MARKETING
<br />3,737
<br />36,023
<br />34,156
<br />51,235
<br />5
<br />2,721
<br />26,801
<br />9,221
<br />34
<br />CIP - LABOR
<br />7,618
<br />65,738
<br />89,214
<br />133,822
<br />(26)
<br />12,314
<br />94,336
<br />(28,597)
<br />(30)
<br />CIP REBATES - LOW INCOME
<br />0
<br />3,468
<br />12,480
<br />18,720
<br />(72)
<br />0
<br />11,879
<br />(8,411)
<br />(71)
<br />CIP - LOW INCOME LABOR
<br />789
<br />6,268
<br />6,666
<br />10,000
<br />(6)
<br />849
<br />6,543
<br />(275)
<br />(4)
<br />ENVIRONMENTAL COMPLIANCE
<br />3,293
<br />22,064
<br />23,333
<br />35,000
<br />(5)
<br />2,708
<br />13,240
<br />8,823
<br />67
<br />MISC GENERAL EXPENSE
<br />(46)
<br />2,110
<br />1,666
<br />2,500
<br />27
<br />(3)
<br />6,045
<br />(3,934)
<br />(65)
<br />Total For General Expense:
<br />64,746
<br />370,777
<br />424,666
<br />637,000
<br />(13)
<br />29,781
<br />251,087
<br />119,689
<br />48
<br />Total Expenses(before Operating Transfers)
<br />4,118,571
<br />27,715,407
<br />30,110,133
<br />44,976,678
<br />(8)
<br />4,495,947
<br />29,307,475
<br />(1,592,068)
<br />(5)
<br />Operating Transfer
<br />Operating Transfer/Other Funds
<br />TRANSFER TO CITY ELK RIVER R
<br />168,249
<br />1,007,490
<br />1,126,464
<br />1,707,411
<br />(11)
<br />155,219
<br />1,086,448
<br />(78,958)
<br />(7)
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