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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 SEPTEMBER 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 />SEPTEMBER
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />SEPTEMBER
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />LEGAL FEES
<br />4,729
<br />19,848
<br />22,500
<br />30,000
<br />(12)
<br />668
<br />16,372
<br />3,476
<br />21
<br />AUDITING FEES
<br />1,640
<br />13,960
<br />16,499
<br />22,000
<br />(15)
<br />1,623
<br />15,569
<br />(1,609)
<br />(10)
<br />INSURANCE
<br />15,385
<br />138,960
<br />142,499
<br />190,000
<br />(2)
<br />14,679
<br />154,535
<br />(15,575)
<br />(10)
<br />UTILITY SHARE - DEFERRED COM
<br />5,669
<br />97,955
<br />90,000
<br />120,000
<br />9
<br />7,008
<br />99,957
<br />(2,002)
<br />(2)
<br />UTILITY SHARE- MEDICAL/DENT
<br />62,660
<br />667,810
<br />683,045
<br />870,000
<br />(2)
<br />56,108
<br />644,625
<br />23,185
<br />4
<br />UTILITY SHARE - PERA
<br />24,285
<br />228,829
<br />226,500
<br />302,000
<br />1
<br />22,677
<br />215,368
<br />13,461
<br />6
<br />UTILITY SHARE - FICA
<br />24,020
<br />223,694
<br />221,249
<br />295,000
<br />1
<br />22,108
<br />210,834
<br />12,859
<br />6
<br />EMPLOYEE SICK PAY
<br />11,395
<br />122,922
<br />123,750
<br />165,000
<br />(1)
<br />6,623
<br />114,758
<br />8,164
<br />7
<br />EMPLOYEE HOLIDAY PAY
<br />14,812
<br />103,764
<br />93,818
<br />172,000
<br />11
<br />13,788
<br />98,049
<br />5,715
<br />6
<br />EMPLOYEE VACATION & PTO PA
<br />22,829
<br />260,486
<br />211,181
<br />275,000
<br />23
<br />31,242
<br />219,258
<br />41,227
<br />19
<br />UPM1C DISTRIBUTION
<br />31,639
<br />75,435
<br />75,750
<br />101,000
<br />0
<br />23,701
<br />60,163
<br />15,271
<br />25
<br />LONGEVITY PAY
<br />0
<br />2,920
<br />2,920
<br />6,964
<br />0
<br />0
<br />12,868
<br />(9,948)
<br />(77)
<br />CONSULTING FEES
<br />6,643
<br />40,307
<br />73,199
<br />97,600
<br />(45)
<br />(682)
<br />2,732
<br />37,574
<br />1,375
<br />TELEPHONE
<br />(455)
<br />22,878
<br />28,500
<br />38,000
<br />(20)
<br />2,974
<br />27,839
<br />(4,960)
<br />(18)
<br />ADVERTISING
<br />663
<br />9,640
<br />14,249
<br />19,000
<br />(32)
<br />1,848
<br />10,914
<br />(1,273)
<br />(12)
<br />DUES & SUBSCRIPTIONS - FEES
<br />10,952
<br />92,882
<br />103,150
<br />137,533
<br />(10)
<br />12,038
<br />90,676
<br />2,205
<br />2
<br />SCHOOLS & MEETINGS
<br />24,744
<br />155,652
<br />199,000
<br />274,894
<br />(22)
<br />16,481
<br />169,084
<br />(13,431)
<br />(8)
<br />MTCE OF GENERAL PLANT & OFFI
<br />845
<br />7,605
<br />9,749
<br />13,000
<br />(22)
<br />1,002
<br />9,024
<br />(1,419)
<br />(16)
<br />Total For Administrative Expense:
<br />348,211
<br />3,041,216
<br />3,147,190
<br />4,208,492
<br />(3)
<br />303,659
<br />2,884,165
<br />157,050
<br />5
<br />General Expense
<br />CIP REBATES - RESIDENTIAL
<br />7,139
<br />65,824
<br />68,068
<br />90,758
<br />(3)
<br />6,965
<br />45,656
<br />20,168
<br />44
<br />CIP REBATES - COMMERCIAL
<br />54,327
<br />98,271
<br />83,999
<br />112,000
<br />17
<br />11,420
<br />54,432
<br />43,839
<br />81
<br />CIP - ADMINISTRATION
<br />10,611
<br />143,085
<br />137,223
<br />182,965
<br />4
<br />487
<br />11,024
<br />132,060
<br />1,198
<br />CIP - MARKETING
<br />2,956
<br />38,979
<br />38,426
<br />51,235
<br />1
<br />7,118
<br />33,920
<br />5,059
<br />15
<br />CIP - LABOR
<br />8,554
<br />74,292
<br />100,366
<br />133,822
<br />(26)
<br />10,942
<br />105,279
<br />(30,986)
<br />(29)
<br />CIP REBATES - LOW INCOME
<br />0
<br />3,468
<br />14,040
<br />18,720
<br />(75)
<br />1,244
<br />13,124
<br />(9,656)
<br />(74)
<br />CIP - LOW INCOME LABOR
<br />711
<br />6,980
<br />7,499
<br />10,000
<br />(7)
<br />636
<br />7,179
<br />(199)
<br />(3)
<br />ENVIRONMENTAL COMPLIANCE
<br />3,294
<br />25,358
<br />26,250
<br />35,000
<br />(3)
<br />2,713
<br />15,954
<br />9,404
<br />59
<br />MISC GENERAL EXPENSE
<br />610
<br />2,720
<br />1,874
<br />2,500
<br />45
<br />163
<br />6,208
<br />(3,487)
<br />(56)
<br />Total For General Expense:
<br />88,205
<br />458,982
<br />477,749
<br />637,000
<br />(4)
<br />41,692
<br />292,779
<br />166,202
<br />57
<br />Total Expenses(before Operating Transfers)
<br />3,788,110
<br />31,503,518
<br />34,878,080
<br />44,976,678
<br />(10)
<br />3,781,084
<br />33,088,559
<br />(1,585,041)
<br />(5)
<br />Operating Transfer
<br />Operating Transfer/Other Funds
<br />TRANSFER TO CITY ELK RIVER R
<br />155,642
<br />1,163,132
<br />1,309,561
<br />1,707,411
<br />(11)
<br />167,632
<br />1,254,080
<br />(90,948)
<br />(7)
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