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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 />Water
<br />OCTOBER
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />OCTOBER
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />Total For Interest Expense:
<br />2,712
<br />28,524
<br />28,524
<br />33,949
<br />0
<br />2,912
<br />30,524
<br />(2,000)
<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 />267
<br />444
<br />1,666
<br />2,000
<br />(73)
<br />168
<br />1,876
<br />(1,431)
<br />(76)
<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 />845
<br />1,083
<br />1,300
<br />(22)
<br />105
<br />1,048
<br />(202)
<br />(19)
<br />Total For Other Operating Expense:
<br />327
<br />1,290
<br />16,750
<br />82,300
<br />(92)
<br />273
<br />3,019
<br />(1,728)
<br />(57)
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />622
<br />4,368
<br />2,083
<br />2,500
<br />110
<br />225
<br />1,845
<br />2,522
<br />137
<br />MISC CUSTOMER ACCOUNTS EXP
<br />8,560
<br />76,507
<br />74,166
<br />89,000
<br />3
<br />8,680
<br />73,162
<br />3,345
<br />5
<br />BAD DEBT EXPENSE & RECOVER
<br />0
<br />19
<br />208
<br />250
<br />(91)
<br />0
<br />(28)
<br />47
<br />168
<br />Total For Customer Accounts Expense:
<br />9,182
<br />80,895
<br />76,458
<br />91,750
<br />6
<br />8,906
<br />74,979
<br />5,915
<br />8
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />24,329
<br />218,930
<br />237,500
<br />285,000
<br />(8)
<br />20,299
<br />193,391
<br />25,539
<br />13
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />833
<br />1,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />5,622
<br />20,430
<br />30,833
<br />37,000
<br />(34)
<br />1,415
<br />21,220
<br />(789)
<br />(4)
<br />ELECTRIC & WATER CONSUMPTI
<br />548
<br />5,799
<br />9,166
<br />11,000
<br />(37)
<br />586
<br />6,254
<br />(454)
<br />(7)
<br />BANK FEES
<br />62
<br />585
<br />500
<br />600
<br />17
<br />35
<br />384
<br />200
<br />52
<br />LEGAL FEES
<br />829
<br />4,707
<br />7,500
<br />9,000
<br />(37)
<br />269
<br />3,731
<br />976
<br />26
<br />AUDITING FEES
<br />410
<br />4,446
<br />5,000
<br />6,000
<br />(11)
<br />405
<br />4,844
<br />(398)
<br />(8)
<br />INSURANCE
<br />3,485
<br />34,992
<br />35,833
<br />43,000
<br />(2)
<br />3,616
<br />44,673
<br />(9,681)
<br />(22)
<br />UTILITY SHARE - DEFERRED COM
<br />872
<br />17,212
<br />17,500
<br />21,000
<br />(2)
<br />1,297
<br />18,737
<br />(1,525)
<br />(8)
<br />UTILITY SHARE - MEDICAL/DENT
<br />14,156
<br />172,960
<br />187,272
<br />220,000
<br />(8)
<br />14,395
<br />174,527
<br />(1,566)
<br />(1)
<br />UTILITY SHARE - PERA
<br />5,356
<br />49,429
<br />46,666
<br />56,000
<br />6
<br />4,299
<br />44,231
<br />5,198
<br />12
<br />UTILITY SHARE - FICA
<br />5,087
<br />48,658
<br />45,000
<br />54,000
<br />8
<br />4,151
<br />42,787
<br />5,870
<br />14
<br />EMPLOYEE SICK PAY
<br />2,724
<br />25,428
<br />24,166
<br />29,000
<br />5
<br />2,129
<br />22,806
<br />2,621
<br />11
<br />EMPLOYEE HOLIDAY PAY
<br />0
<br />19,096
<br />17,454
<br />32,000
<br />9
<br />0
<br />17,362
<br />1,733
<br />10
<br />EMPLOYEE VACATION & PTO PA
<br />4,025
<br />51,519
<br />44,000
<br />52,000
<br />17
<br />2,992
<br />41,114
<br />10,405
<br />25
<br />UPMIC DISTRIBUTION
<br />0
<br />16,027
<br />15,750
<br />21,000
<br />2
<br />0
<br />10,967
<br />5,059
<br />46
<br />WELLHEAD PROTECTION
<br />0
<br />0
<br />1,700
<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 />870
<br />11,391
<br />38,250
<br />45,900
<br />(70)
<br />490
<br />8,516
<br />2,875
<br />34
<br />TELEPHONE
<br />651
<br />5,894
<br />7,500
<br />9,000
<br />(21)
<br />676
<br />6,997
<br />(1,102)
<br />(16)
<br />ADVERTISING
<br />193
<br />2,718
<br />4,166
<br />5,000
<br />(35)
<br />418
<br />3,822
<br />(1,103)
<br />(29)
<br />75
<br />
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