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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 />LEGAL FEES
<br />9,456
<br />29,305
<br />25,000
<br />30,000
<br />17
<br />1,077
<br />17,450
<br />11,854
<br />68
<br />AUDITING FEES
<br />1,640
<br />15,600
<br />18,333
<br />22,000
<br />(15)
<br />1,623
<br />17,193
<br />(1,593)
<br />(9)
<br />INSURANCE
<br />21,533
<br />160,493
<br />158,333
<br />190,000
<br />1
<br />16,027
<br />170,562
<br />(10,069)
<br />(6)
<br />UTILITY SHARE - DEFERRED COM
<br />5,009
<br />102,965
<br />100,000
<br />120,000
<br />3
<br />5,048
<br />105,006
<br />(2,041)
<br />(2)
<br />UTILITY SHARE- MEDICAL/DENT
<br />48,302
<br />716,113
<br />745,363
<br />870,000
<br />(4)
<br />57,233
<br />701,858
<br />14,254
<br />2
<br />UTILITY SHARE - PERA
<br />28,534
<br />257,363
<br />251,666
<br />302,000
<br />2
<br />23,839
<br />239,207
<br />18,155
<br />8
<br />UTILITY SHARE - FICA
<br />27,470
<br />251,164
<br />245,833
<br />295,000
<br />2
<br />23,475
<br />234,309
<br />16,854
<br />7
<br />EMPLOYEE SICK PAY
<br />13,717
<br />136,640
<br />137,500
<br />165,000
<br />(1)
<br />16,026
<br />130,784
<br />5,855
<br />4
<br />EMPLOYEE HOLIDAY PAY
<br />0
<br />103,764
<br />93,818
<br />172,000
<br />11
<br />0
<br />98,049
<br />5,715
<br />6
<br />EMPLOYEE VACATION & PTO PA
<br />22,901
<br />283,387
<br />232,454
<br />275,000
<br />22
<br />18,700
<br />237,958
<br />45,428
<br />19
<br />UPM1C DISTRIBUTION
<br />0
<br />75,435
<br />75,750
<br />101,000
<br />0
<br />0
<br />60,163
<br />15,271
<br />25
<br />LONGEVITY PAY
<br />2,025
<br />4,945
<br />4,945
<br />6,964
<br />0
<br />2,300
<br />15,168
<br />(10,223)
<br />(67)
<br />CONSULTING FEES
<br />0
<br />40,307
<br />81,333
<br />97,600
<br />(50)
<br />0
<br />2,732
<br />37,574
<br />1,375
<br />TELEPHONE
<br />2,929
<br />25,807
<br />31,666
<br />38,000
<br />(19)
<br />2,986
<br />30,825
<br />(5,017)
<br />(16)
<br />ADVERTISING
<br />775
<br />10,415
<br />15,833
<br />19,000
<br />(34)
<br />1,675
<br />12,589
<br />(2,174)
<br />(17)
<br />DUES & SUBSCRIPTIONS - FEES
<br />9,822
<br />102,704
<br />114,611
<br />137,533
<br />(10)
<br />7,116
<br />97,792
<br />4,912
<br />5
<br />SCHOOLS & MEETINGS
<br />21,970
<br />177,622
<br />237,000
<br />274,894
<br />(25)
<br />22,974
<br />192,058
<br />(14,436)
<br />(8)
<br />MTCE OF GENERAL PLANT & OFFI
<br />845
<br />8,450
<br />10,833
<br />13,000
<br />(22)
<br />1,002
<br />10,027
<br />(1,577)
<br />(16)
<br />Total For Administrative Expense:
<br />319,382
<br />3,360,599
<br />3,479,859
<br />4,208,492
<br />(3)
<br />280,593
<br />3,164,759
<br />195,839
<br />6
<br />General Expense
<br />CIP REBATES - RESIDENTIAL
<br />7,574
<br />73,398
<br />75,631
<br />90,758
<br />(3)
<br />4,760
<br />50,416
<br />22,982
<br />46
<br />CIP REBATES - COMMERCIAL
<br />0
<br />98,271
<br />93,333
<br />112,000
<br />5
<br />0
<br />54,432
<br />43,839
<br />81
<br />CIP - ADMINISTRATION
<br />10,177
<br />153,263
<br />152,470
<br />182,965
<br />1
<br />386
<br />11,411
<br />141,851
<br />1,243
<br />CIP - MARKETING
<br />5,840
<br />44,820
<br />42,695
<br />51,235
<br />5
<br />2,691
<br />36,611
<br />8,209
<br />22
<br />CIP - LABOR
<br />9,136
<br />83,428
<br />111,518
<br />133,822
<br />(25)
<br />12,407
<br />117,686
<br />(34,257)
<br />(29)
<br />CIP REBATES - LOW INCOME
<br />0
<br />3,468
<br />15,600
<br />18,720
<br />(78)
<br />0
<br />13,124
<br />(9,656)
<br />(74)
<br />CIP - LOW INCOME LABOR
<br />817
<br />7,797
<br />8,333
<br />10,000
<br />(6)
<br />837
<br />8,017
<br />(219)
<br />(3)
<br />ENVIRONMENTAL COMPLIANCE
<br />2,044
<br />27,403
<br />29,166
<br />35,000
<br />(6)
<br />2,504
<br />18,458
<br />8,944
<br />48
<br />MISC GENERAL EXPENSE
<br />714
<br />3,434
<br />2,083
<br />2,500
<br />65
<br />(14)
<br />6,194
<br />(2,759)
<br />(45)
<br />Total For General Expense:
<br />36,303
<br />495,286
<br />530,833
<br />637,000
<br />(7)
<br />23,572
<br />316,351
<br />178,934
<br />57
<br />Total Expenses(before Operating Transfers)
<br />3,178,541
<br />34,682,059
<br />38,189,696
<br />44,976,678
<br />(9)
<br />3,248,336
<br />36,336,896
<br />(1,654,836)
<br />(5)
<br />Operating Transfer
<br />Operating Transfer/Other Funds
<br />TRANSFER TO CITY ELK RIVER R
<br />139,507
<br />1,302,639
<br />1,455,341
<br />1,707,411
<br />(10)
<br />138,256
<br />1,392,337
<br />(89,697)
<br />(6)
<br />71
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