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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 2024
<br />2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024
<br />Water SEPTEMBER YTD BUDGET BUDGET Bud Var% SEPTEMBER YTD VARIANCE Actual Var%
<br />Total Revenue 404,895 2,595,399 2,452,770 3,728,289 6 561,301 2,887,011 (291,611) (10)
<br />Expenses
<br />Production Expense
<br />MTCE OF STRUCTURES
<br />8,791
<br />95,514
<br />86,249
<br />115,000
<br />11
<br />7,341
<br />78,130
<br />17,383
<br />Total For Production Expense:
<br />8,791
<br />95,514
<br />86,249
<br />115,000
<br />11
<br />7,341
<br />78,130
<br />17,383
<br />Pumping Expense
<br />SUPERVISION
<br />6,557
<br />53,025
<br />50,625
<br />67,500
<br />5
<br />5,319
<br />46,606
<br />6,419
<br />ELECTRIC & GAS UTILITIES
<br />23,969
<br />196,016
<br />251,378
<br />335,171
<br />(22)
<br />23,564
<br />247,879
<br />(51,863)
<br />SAMPLING
<br />977
<br />18,060
<br />12,750
<br />17,000
<br />42
<br />878
<br />11,362
<br />6,698
<br />CHEMICAL FEED
<br />2,877
<br />30,001
<br />39,750
<br />53,000
<br />(25)
<br />6,970
<br />40,277
<br />(10,275)
<br />MTCE OF WELLS
<br />21,621
<br />148,055
<br />123,750
<br />165,000
<br />20
<br />14,067
<br />116,552
<br />31,503
<br />SCADA - PUMPING
<br />3,954
<br />10,006
<br />6,000
<br />8,000
<br />67
<br />347
<br />2,553
<br />7,452
<br />Total For Pumping Expense:
<br />59,956
<br />455,166
<br />484,253
<br />645,671
<br />(6)
<br />51,146
<br />465,232
<br />(10,066)
<br />Distribution Expense
<br />MTCE OF WATER MAINS
<br />13,106
<br />73,952
<br />131,249
<br />175,000
<br />(44)
<br />7,608
<br />126,523
<br />(52,570)
<br />LOCATE WATER LINES
<br />1,325
<br />10,750
<br />12,937
<br />17,250
<br />(17)
<br />1,109
<br />6,790
<br />3,960
<br />MTCE OF WATER SERVICES
<br />0
<br />0
<br />375
<br />500
<br />(100)
<br />0
<br />240
<br />(240)
<br />WATER METER SERVICE
<br />5,576
<br />48,856
<br />49,500
<br />66,000
<br />(1)
<br />4,489
<br />24,401
<br />24,454
<br />BACKFLOW DEVICE INSPECTION
<br />1,378
<br />15,569
<br />16,217
<br />20,000
<br />(4)
<br />1,638
<br />15,368
<br />201
<br />MTCE OF CUSTOMERS SERVICE
<br />2,727
<br />24,655
<br />24,750
<br />33,000
<br />0
<br />2,495
<br />22,570
<br />2,085
<br />WATER MAPPING
<br />986
<br />15,238
<br />11,250
<br />15,000
<br />35
<br />1,329
<br />11,139
<br />4,099
<br />MTCE OF WATER HYDRANTS - PU
<br />680
<br />19,446
<br />15,000
<br />20,000
<br />30
<br />47
<br />11,239
<br />8,207
<br />MTCE OF WATER HYDRANTS - PR
<br />0
<br />4,192
<br />4,500
<br />6,000
<br />(7)
<br />269
<br />3,607
<br />584
<br />WATER CLOTHING/PPE
<br />0
<br />9,451
<br />7,499
<br />10,000
<br />26
<br />117
<br />8,855
<br />596
<br />WAGES WATER
<br />750
<br />5,797
<br />5,625
<br />7,500
<br />3
<br />574
<br />5,274
<br />522
<br />TRANSPORTATION EXPENSE
<br />1,472
<br />15,657
<br />18,000
<br />24,000
<br />(13)
<br />1,199
<br />11,523
<br />4,133
<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 />Total For Distribution Expense:
<br />28,006
<br />269,824
<br />324,904
<br />422,250
<br />(17)
<br />20,877
<br />263,286
<br />6,537
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />100,101
<br />907,199
<br />861,750
<br />1,148,987
<br />5
<br />97,591
<br />878,646
<br />28,553
<br />Total For Depreciation & Amortization:
<br />100,101
<br />907,199
<br />861,750
<br />1,148,987
<br />5
<br />97,591
<br />878,646
<br />28,553
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />3,266
<br />30,799
<br />30,799
<br />40,600
<br />0
<br />3,466
<br />32,599
<br />(1,800)
<br />AMORTIZATION OF DEBT DISCOU
<br />(554)
<br />(4,988)
<br />(4,988)
<br />(6,651)
<br />0
<br />(554)
<br />(4,988)
<br />0
<br />
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