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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF
<br />REVENUES, EXPENSES AND CHANGES IN
<br />NET POSITION
<br />FOR PERIOD ENDING AUGUST 2024
<br />2024 2024
<br />2024
<br />2024 YTD ANNUAL
<br />2024 YTD 2023
<br />2023
<br />YTD
<br />2023 v. 2024
<br />Water AUGUST
<br />YTD BUDGET BUDGET
<br />Bud Var% AUGUST
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />Total Revenue 555,562
<br />2,190,503 2,013,575 3,728,289
<br />9 472,189
<br />2,325,709
<br />(135,205)
<br />(6)
<br />Expenses
<br />Production Expense
<br />MTCE OF STRUCTURES 8,734
<br />86,722 76,666 115,000
<br />13 8,471
<br />70,789
<br />15,933
<br />23
<br />Total For Production Expense: 8,734
<br />86,722 76,666 115,000
<br />13 8,471
<br />70,789
<br />15,933
<br />23
<br />Pumping Expense
<br />SUPERVISION
<br />6,140
<br />46,468
<br />45,000
<br />67,500
<br />3
<br />4,837
<br />41,287
<br />5,181
<br />13
<br />ELECTRIC & GAS UTILITIES
<br />24,792
<br />172,047
<br />223,447
<br />335,171
<br />(23)
<br />35,002
<br />224,315
<br />(52,267)
<br />(23)
<br />SAMPLING
<br />3,308
<br />17,083
<br />11,333
<br />17,000
<br />51
<br />878
<br />10,484
<br />6,599
<br />63
<br />CHEMICAL FEED
<br />8,094
<br />27,124
<br />35,333
<br />53,000
<br />(23)
<br />7,720
<br />33,307
<br />(6,183)
<br />(19)
<br />MTCE OF WELLS
<br />14,979
<br />126,434
<br />110,000
<br />165,000
<br />15
<br />8,105
<br />102,484
<br />23,949
<br />23
<br />SCADA - PUMPING
<br />362
<br />6,051
<br />5,333
<br />8,000
<br />13
<br />251
<br />2,206
<br />3,845
<br />174
<br />Total For Pumping Expense:
<br />57,677
<br />395,210
<br />430,447
<br />645,671
<br />(8)
<br />56,795
<br />414,086
<br />(18,876)
<br />(5)
<br />Distribution Expense
<br />MTCE OF WATER MAINS
<br />12,600
<br />60,846
<br />116,666
<br />175,000
<br />(48)
<br />11,293
<br />118,914
<br />(58,068)
<br />(49)
<br />LOCATE WATER LINES
<br />1,275
<br />9,424
<br />11,500
<br />17,250
<br />(18)
<br />999
<br />5,680
<br />3,743
<br />66
<br />MTCE OF WATER SERVICES
<br />0
<br />0
<br />333
<br />500
<br />(100)
<br />56
<br />240
<br />(240)
<br />(100)
<br />WATER METER SERVICE
<br />4,810
<br />43,280
<br />44,000
<br />66,000
<br />(2)
<br />3,222
<br />19,912
<br />23,367
<br />117
<br />BACKFLOW DEVICE INSPECTION
<br />2,702
<br />14,191
<br />14,956
<br />20,000
<br />(5)
<br />2,234
<br />13,729
<br />461
<br />3
<br />MTCE OF CUSTOMERS SERVICE
<br />2,823
<br />21,927
<br />22,000
<br />33,000
<br />0
<br />2,710
<br />20,075
<br />1,852
<br />9
<br />WATER MAPPING
<br />1,644
<br />14,251
<br />10,000
<br />15,000
<br />43
<br />491
<br />9,810
<br />4,441
<br />45
<br />MTCE OF WATER HYDRANTS - PU
<br />492
<br />19,766
<br />13,333
<br />20,000
<br />41
<br />3,280
<br />11,191
<br />7,574
<br />68
<br />MTCE OF WATER HYDRANTS - PR
<br />0
<br />4,192
<br />4,000
<br />6,000
<br />5
<br />0
<br />3,338
<br />853
<br />26
<br />WATER CLOTHING/PPE
<br />239
<br />9,451
<br />6,666
<br />10,000
<br />42
<br />1,089
<br />8,738
<br />713
<br />8
<br />WAGES WATER
<br />609
<br />5,046
<br />5,000
<br />7,500
<br />1
<br />639
<br />4,699
<br />346
<br />7
<br />TRANSPORTATION EXPENSE
<br />1,364
<br />14,185
<br />16,000
<br />24,000
<br />(11)
<br />1,923
<br />10,324
<br />3,860
<br />37
<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 />28,563
<br />241,818
<br />292,456
<br />422,250
<br />(17)
<br />27,932
<br />242,409
<br />(590)
<br />0
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />100,522
<br />807,097
<br />766,000
<br />1,148,987
<br />5
<br />98,351
<br />781,054
<br />26,043
<br />3
<br />Total For Depreciation & Amortization:
<br />100,522
<br />807,097
<br />766,000
<br />1,148,987
<br />5
<br />98,351
<br />781,054
<br />26,043
<br />3
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />3,266
<br />27,533
<br />27,533
<br />40,600
<br />0
<br />3,466
<br />29,133
<br />(1,600)
<br />(5)
<br />AMORTIZATION OF DEBT DTSCOU
<br />(554)
<br />(4,433)
<br />(4,434)
<br />(6,651)
<br />0
<br />(554)
<br />(4,433)
<br />0
<br />0
<br />Total For Interest Expense:
<br />2,712
<br />23,099
<br />23,099
<br />33,949
<br />0
<br />2,912
<br />24,699
<br />(1,600)
<br />(6)
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