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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 NOVEMBER 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 />NOVEMBER
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />NOVEMBER
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />SALARIES TRANSMISSION & DIST
<br />2,540
<br />28,571
<br />27,500
<br />30,000
<br />4
<br />2,287
<br />25,867
<br />2,703
<br />10
<br />ELECTRIC MAPPING
<br />6,845
<br />119,928
<br />91,666
<br />100,000
<br />31
<br />3,263
<br />101,620
<br />18,308
<br />18
<br />MTCE OF OH SECONDARY
<br />1,543
<br />20,112
<br />22,916
<br />25,000
<br />(12)
<br />2,587
<br />23,811
<br />(3,699)
<br />(16)
<br />MTCE OF URD SECONDARY
<br />5,953
<br />53,604
<br />55,000
<br />60,000
<br />(3)
<br />5,174
<br />57,773
<br />(4,168)
<br />(7)
<br />TRANSPORTATION EXPENSE
<br />21,797
<br />272,192
<br />275,000
<br />300,000
<br />(1)
<br />20,254
<br />252,426
<br />19,766
<br />8
<br />Total For Maintenance Expense:
<br />106,623
<br />1,662,887
<br />1,518,625
<br />1,668,500
<br />9
<br />127,330
<br />1,515,900
<br />146,987
<br />10
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />219,944
<br />2,417,674
<br />2,236,190
<br />2,439,475
<br />8
<br />209,339
<br />2,289,525
<br />128,148
<br />6
<br />AMORTIZATION
<br />55,677
<br />612,457
<br />612,458
<br />668,136
<br />0
<br />55,677
<br />612,457
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />275,622
<br />3,030,131
<br />2,848,648
<br />3,107,611
<br />6
<br />265,017
<br />2,901,982
<br />128,148
<br />4
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />68,246
<br />765,364
<br />765,364
<br />845,673
<br />0
<br />71,400
<br />799,293
<br />(33,929)
<br />(4)
<br />AMORTIZATION OF DEBT DISCOU
<br />(4,988)
<br />(54,873)
<br />(54,873)
<br />(59,863)
<br />0
<br />(4,988)
<br />(54,873)
<br />0
<br />0
<br />Total For Interest Expense:
<br />63,257
<br />710,490
<br />710,490
<br />785,810
<br />0
<br />66,412
<br />744,419
<br />(33,929)
<br />(5)
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />197
<br />2,451
<br />2,841
<br />3,100
<br />(14)
<br />223
<br />1,972
<br />478
<br />24
<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 />2,750
<br />3,000
<br />(100)
<br />0
<br />108
<br />(108)
<br />(100)
<br />MUTUAL AID
<br />719
<br />54,540
<br />0
<br />0
<br />0
<br />0
<br />4,415
<br />50,124
<br />1,135
<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 />4,886
<br />52,692
<br />45,833
<br />50,000
<br />15
<br />4,093
<br />43,818
<br />8,873
<br />20
<br />Total For Other Operating Expense:
<br />5,803
<br />112,709
<br />207,225
<br />506,900
<br />(46)
<br />4,316
<br />63,767
<br />48,941
<br />77
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />4,183
<br />44,341
<br />43,083
<br />47,000
<br />3
<br />4,195
<br />39,911
<br />4,430
<br />11
<br />DISCONNECT/RECONNECT EXPEN
<br />0
<br />11,844
<br />20,166
<br />22,000
<br />(41)
<br />692
<br />19,371
<br />(7,526)
<br />(39)
<br />MISC CUSTOMER ACCOUNTS EXP
<br />29,058
<br />327,313
<br />316,250
<br />345,000
<br />3
<br />28,226
<br />311,068
<br />16,245
<br />5
<br />BAD DEBT EXPENSE & RECOVER
<br />621
<br />14,883
<br />22,916
<br />25,000
<br />(35)
<br />1,561
<br />28,439
<br />(13,555)
<br />(48)
<br />Total For Customer Accounts Expense:
<br />33,864
<br />398,383
<br />402,416
<br />439,000
<br />(1)
<br />34,676
<br />398,790
<br />(407)
<br />0
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />68,506
<br />818,819
<br />832,333
<br />908,000
<br />(2)
<br />62,938
<br />728,008
<br />90,811
<br />12
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />3,666
<br />4,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />9,766
<br />92,098
<br />114,583
<br />125,000
<br />(20)
<br />7,734
<br />107,176
<br />(15,078)
<br />(14)
<br />ELECTRIC & WATER CONSUMPTI
<br />1,870
<br />25,060
<br />36,666
<br />40,000
<br />(32)
<br />1,837
<br />26,855
<br />(1,795)
<br />(7)
<br />BANK FEES
<br />352
<br />2,631
<br />2,291
<br />2,500
<br />15
<br />110
<br />1,598
<br />1,033
<br />65
<br />
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