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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 />Water
<br />SEPTEMBER
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />SEPTEMBER
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />Total For Interest Expense:
<br />2,712
<br />25,811
<br />25,811
<br />33,949
<br />0
<br />2,912
<br />27,611
<br />(1,800)
<br />(7)
<br />Other Operating Expense
<br />LOSS ON DISPOSITION OF PROP (C
<br />0
<br />0
<br />14,000
<br />14,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />DAM MAINTENANCE EXPENSE
<br />0
<br />177
<br />1,500
<br />2,000
<br />(88)
<br />0
<br />1,707
<br />(1,530)
<br />(90)
<br />PENSION EXPENSE
<br />0
<br />0
<br />0
<br />65,000
<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 />94
<br />(94)
<br />(100)
<br />INTEREST EXPENSE - METER DEP
<br />60
<br />785
<br />974
<br />1,300
<br />(19)
<br />104
<br />943
<br />(157)
<br />(17)
<br />Total For Other Operating Expense:
<br />60
<br />962
<br />16,475
<br />82,300
<br />(94)
<br />104
<br />2,745
<br />(1,782)
<br />(65)
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />617
<br />3,746
<br />1,874
<br />2,500
<br />100
<br />216
<br />1,619
<br />2,126
<br />131
<br />MISC CUSTOMER ACCOUNTS EXP
<br />8,410
<br />67,947
<br />66,750
<br />89,000
<br />2
<br />7,449
<br />64,481
<br />3,465
<br />5
<br />BAD DEBT EXPENSE & RECOVER
<br />0
<br />19
<br />187
<br />250
<br />(90)
<br />0
<br />(28)
<br />47
<br />168
<br />Total For Customer Accounts Expense:
<br />9,028
<br />71,712
<br />68,812
<br />91,750
<br />4
<br />7,665
<br />66,073
<br />5,639
<br />9
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />22,981
<br />194,601
<br />213,750
<br />285,000
<br />(9)
<br />18,011
<br />173,091
<br />21,510
<br />12
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />749
<br />1,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />1,584
<br />14,807
<br />27,749
<br />37,000
<br />(47)
<br />1,298
<br />19,805
<br />(4,997)
<br />(25)
<br />ELECTRIC & WATER CONSUMPTI
<br />620
<br />5,251
<br />8,250
<br />11,000
<br />(36)
<br />618
<br />5,667
<br />(416)
<br />(7)
<br />BANK FEES
<br />51
<br />522
<br />450
<br />600
<br />16
<br />28
<br />349
<br />173
<br />50
<br />LEGAL FEES
<br />785
<br />3,877
<br />6,750
<br />9,000
<br />(43)
<br />119
<br />3,461
<br />415
<br />12
<br />AUDITING FEES
<br />410
<br />4,036
<br />4,500
<br />6,000
<br />(10)
<br />405
<br />4,438
<br />(402)
<br />(9)
<br />INSURANCE
<br />3,555
<br />31,507
<br />32,249
<br />43,000
<br />(2)
<br />3,303
<br />41,057
<br />(9,550)
<br />(23)
<br />UTILITY SHARE - DEFERRED COM
<br />899
<br />16,339
<br />15,750
<br />21,000
<br />4
<br />1,793
<br />17,440
<br />(1,100)
<br />(6)
<br />UTILITY SHARE - MEDICAL/DENT
<br />15,545
<br />158,803
<br />170,909
<br />220,000
<br />(7)
<br />13,579
<br />160,131
<br />(1,328)
<br />(1)
<br />UTILITY SHARE- PERA
<br />4,903
<br />44,073
<br />42,000
<br />56,000
<br />5
<br />4,189
<br />39,931
<br />4,141
<br />10
<br />UTILITY SHARE - FICA
<br />4,734
<br />43,570
<br />40,500
<br />54,000
<br />8
<br />3,972
<br />38,636
<br />4,933
<br />13
<br />EMPLOYEE SICK PAY
<br />2,641
<br />22,704
<br />21,750
<br />29,000
<br />4
<br />2,349
<br />20,677
<br />2,026
<br />10
<br />EMPLOYEE HOLIDAY PAY
<br />3,126
<br />19,096
<br />17,454
<br />32,000
<br />9
<br />2,700
<br />17,362
<br />1,733
<br />10
<br />EMPLOYEE VACATION & PTO PA
<br />4,041
<br />47,494
<br />40,000
<br />52,000
<br />19
<br />4,936
<br />38,121
<br />9,373
<br />25
<br />UPMIC DISTRIBUTION
<br />6,274
<br />16,027
<br />15,750
<br />21,000
<br />2
<br />4,683
<br />10,967
<br />5,059
<br />46
<br />WELLHEAD PROTECTION
<br />0
<br />0
<br />1,530
<br />2,000
<br />(100)
<br />0
<br />6,861
<br />(6,861)
<br />(100)
<br />LONGEVITY PAY
<br />0
<br />730
<br />730
<br />837
<br />0
<br />0
<br />2,581
<br />(1,851)
<br />(72)
<br />CONSULTING FEES
<br />1,456
<br />10,521
<br />34,425
<br />45,900
<br />(69)
<br />112
<br />8,026
<br />2,495
<br />31
<br />TELEPHONE
<br />13
<br />5,243
<br />6,750
<br />9,000
<br />(22)
<br />673
<br />6,321
<br />(1,077)
<br />(17)
<br />ADVERTISING
<br />87
<br />2,525
<br />3,750
<br />5,000
<br />(33)
<br />462
<br />3,403
<br />(878)
<br />(26)
<br />91
<br />
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