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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 OCTOBER 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 />OCTOBER
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />OCTOBER
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />SALARIES TRANSMISSION & DIST
<br />3,091
<br />26,031
<br />25,000
<br />30,000
<br />4
<br />2,659
<br />23,580
<br />2,450
<br />10
<br />ELECTRIC MAPPING
<br />5,492
<br />113,082
<br />83,333
<br />100,000
<br />36
<br />5,296
<br />98,357
<br />14,725
<br />15
<br />MTCE OF OH SECONDARY
<br />2,918
<br />18,568
<br />20,833
<br />25,000
<br />(11)
<br />1,901
<br />21,223
<br />(2,655)
<br />(13)
<br />MTCE OF URD SECONDARY
<br />4,216
<br />47,650
<br />50,000
<br />60,000
<br />(5)
<br />7,132
<br />52,598
<br />(4,948)
<br />(9)
<br />TRANSPORTATION EXPENSE
<br />40,183
<br />250,394
<br />250,000
<br />300,000
<br />0
<br />19,181
<br />232,171
<br />18,223
<br />8
<br />Total For Maintenance Expense:
<br />167,172
<br />1,556,264
<br />1,379,750
<br />1,668,500
<br />13
<br />118,263
<br />1,388,569
<br />167,694
<br />12
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />222,290
<br />2,197,729
<br />2,032,900
<br />2,439,475
<br />8
<br />209,116
<br />2,080,185
<br />117,544
<br />6
<br />AMORTIZATION
<br />55,677
<br />556,779
<br />556,780
<br />668,136
<br />0
<br />55,677
<br />556,779
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />277,968
<br />2,754,509
<br />2,589,680
<br />3,107,611
<br />6
<br />264,794
<br />2,636,964
<br />117,544
<br />4
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />68,246
<br />697,117
<br />697,117
<br />845,673
<br />0
<br />71,400
<br />727,892
<br />(30,775)
<br />(4)
<br />AMORTIZATION OF DEBT DISCOU
<br />(4,988)
<br />(49,885)
<br />(49,885)
<br />(59,863)
<br />0
<br />(4,988)
<br />(49,885)
<br />0
<br />0
<br />Total For Interest Expense:
<br />63,257
<br />647,232
<br />647,232
<br />785,810
<br />0
<br />66,412
<br />678,007
<br />(30,775)
<br />(5)
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />318
<br />2,253
<br />2,583
<br />3,100
<br />(13)
<br />198
<br />1,749
<br />504
<br />29
<br />LOSS ON DISPOSITION OF PROP (C
<br />0
<br />3,025
<br />155,800
<br />155,800
<br />(98)
<br />0
<br />13,073
<br />(10,048)
<br />(77)
<br />OTHER DONATIONS
<br />0
<br />0
<br />2,500
<br />3,000
<br />(100)
<br />0
<br />108
<br />(108)
<br />(100)
<br />MUTUAL AID
<br />26,301
<br />53,820
<br />0
<br />0
<br />0
<br />0
<br />4,415
<br />49,405
<br />1,119
<br />PENSION EXPENSE
<br />0
<br />0
<br />0
<br />295,000
<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 />378
<br />(378)
<br />(100)
<br />INTEREST EXPENSE - METER DEP
<br />4,849
<br />47,805
<br />41,666
<br />50,000
<br />15
<br />4,048
<br />39,725
<br />8,080
<br />20
<br />Total For Other Operating Expense:
<br />31,469
<br />106,905
<br />202,550
<br />506,900
<br />47
<br />4,247
<br />59,451
<br />47,454
<br />80
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />4,924
<br />40,158
<br />39,166
<br />47,000
<br />3
<br />4,348
<br />35,715
<br />4,442
<br />12
<br />DISCONNECT/RECONNECT EXPEN
<br />100
<br />11,844
<br />18,333
<br />22,000
<br />(35)
<br />1,051
<br />18,678
<br />(6,834)
<br />(37)
<br />MISC CUSTOMER ACCOUNTS EXP
<br />33,502
<br />298,255
<br />287,500
<br />345,000
<br />4
<br />33,708
<br />282,842
<br />15,412
<br />5
<br />BAD DEBT EXPENSE & RECOVER
<br />1,524
<br />14,261
<br />20,833
<br />25,000
<br />(32)
<br />2,698
<br />26,877
<br />(12,616)
<br />(47)
<br />Total For Customer Accounts Expense:
<br />40,051
<br />364,518
<br />365,833
<br />439,000
<br />0
<br />41,806
<br />364,114
<br />404
<br />0
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />84,179
<br />750,312
<br />756,666
<br />908,000
<br />(1)
<br />69,567
<br />665,070
<br />85,242
<br />13
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />3,333
<br />4,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />15,826
<br />82,331
<br />104,166
<br />125,000
<br />(21)
<br />7,431
<br />99,441
<br />(17,109)
<br />(17)
<br />ELECTRIC& WATER CONSUMPTI
<br />2,192
<br />23,189
<br />33,333
<br />40,000
<br />(30)
<br />2,347
<br />25,018
<br />(1,828)
<br />(7)
<br />BANK FEES
<br />250
<br />2,278
<br />2,083
<br />2,500
<br />9
<br />140
<br />1,487
<br />791
<br />53
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