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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 />LEGAL FEES
<br />3,322
<br />32,628
<br />27,500
<br />30,000
<br />19
<br />2,031
<br />19,482
<br />13,145
<br />67
<br />AUDITING FEES
<br />1,640
<br />17,240
<br />20,166
<br />22,000
<br />(15)
<br />1,623
<br />18,816
<br />(1,576)
<br />(8)
<br />INSURANCE
<br />14,904
<br />175,398
<br />174,166
<br />190,000
<br />1
<br />15,327
<br />185,890
<br />(10,491)
<br />(6)
<br />UTILITY SHARE - DEFERRED COM
<br />4,783
<br />107,748
<br />110,000
<br />120,000
<br />(2)
<br />5,780
<br />110,786
<br />(3,038)
<br />(3)
<br />UTILITY SHARE - MEDICAL/DENT
<br />56,965
<br />773,079
<br />807,681
<br />870,000
<br />(4)
<br />62,014
<br />763,872
<br />9,206
<br />1
<br />UTILITY SHARE - PERA
<br />24,693
<br />282,056
<br />276,833
<br />302,000
<br />2
<br />24,072
<br />263,280
<br />18,776
<br />7
<br />UTILITY SHARE - FICA
<br />23,251
<br />274,416
<br />270,416
<br />295,000
<br />1
<br />22,750
<br />257,059
<br />17,356
<br />7
<br />EMPLOYEE SICK PAY
<br />11,185
<br />147,826
<br />151,250
<br />165,000
<br />(2)
<br />9,283
<br />140,068
<br />7,758
<br />6
<br />EMPLOYEE HOLIDAY PAY
<br />45,207
<br />148,971
<br />140,727
<br />172,000
<br />6
<br />42,341
<br />140,391
<br />8,580
<br />6
<br />EMPLOYEE VACATION & PTO PA
<br />24,913
<br />308,300
<br />253,727
<br />275,000
<br />22
<br />21,045
<br />259,004
<br />49,296
<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 />2,018
<br />6,963
<br />6,964
<br />6,964
<br />0
<br />0
<br />15,168
<br />(8,205)
<br />(54)
<br />CONSULTING FEES
<br />0
<br />40,307
<br />89,466
<br />97,600
<br />(55)
<br />0
<br />2,732
<br />37,574
<br />1,375
<br />TELEPHONE
<br />2,929
<br />28,737
<br />34,833
<br />38,000
<br />(18)
<br />2,987
<br />33,813
<br />(5,076)
<br />(15)
<br />ADVERTISING
<br />1,620
<br />12,036
<br />17,416
<br />19,000
<br />(31)
<br />624
<br />13,213
<br />(1,177)
<br />(9)
<br />DUES & SUBSCRIPTIONS - FEES
<br />9,766
<br />112,471
<br />126,072
<br />137,533
<br />(11)
<br />7,536
<br />105,328
<br />7,142
<br />7
<br />SCHOOLS & MEETINGS
<br />14,840
<br />192,463
<br />257,000
<br />274,894
<br />(25)
<br />20,212
<br />212,270
<br />(19,807)
<br />(9)
<br />MTCE OF GENERAL PLANT & OFFI
<br />845
<br />9,295
<br />11,916
<br />13,000
<br />(22)
<br />1,002
<br />11,030
<br />(1,735)
<br />(16)
<br />Total For Administrative Expense:
<br />323,384
<br />3,683,983
<br />3,841,430
<br />4,208,492
<br />(4)
<br />311,254
<br />3,476,013
<br />207,970
<br />6
<br />General Expense
<br />CIP REBATES - RESIDENTIAL
<br />11,740
<br />85,139
<br />83,194
<br />90,758
<br />2
<br />6,658
<br />57,074
<br />28,065
<br />49
<br />CIP REBATES - COMMERCIAL
<br />395
<br />98,667
<br />102,666
<br />112,000
<br />(4)
<br />0
<br />54,432
<br />44,235
<br />81
<br />CIP - ADMINISTRATION
<br />10,214
<br />163,477
<br />167,717
<br />182,965
<br />(3)
<br />15,375
<br />26,786
<br />136,691
<br />510
<br />CIP - MARKETING
<br />1,074
<br />45,894
<br />46,965
<br />51,235
<br />(2)
<br />832
<br />37,444
<br />8,450
<br />23
<br />CIP - LABOR
<br />7,514
<br />90,943
<br />122,670
<br />133,822
<br />(26)
<br />10,748
<br />128,434
<br />(37,490)
<br />(29)
<br />CIP REBATES - LOW INCOME
<br />0
<br />3,468
<br />17,160
<br />18,720
<br />(80)
<br />0
<br />13,124
<br />(9,656)
<br />(74)
<br />CIP - LOW INCOME LABOR
<br />741
<br />8,539
<br />9,166
<br />10,000
<br />(7)
<br />729
<br />8,746
<br />(206)
<br />(2)
<br />ENVIRONMENTAL COMPLIANCE
<br />2,023
<br />29,426
<br />32,083
<br />35,000
<br />(8)
<br />2,499
<br />20,957
<br />8,468
<br />40
<br />MISC GENERAL EXPENSE
<br />125
<br />3,560
<br />2,291
<br />2,500
<br />55
<br />88
<br />6,283
<br />(2,722)
<br />(43)
<br />Total For General Expense:
<br />33,830
<br />529,117
<br />583,916
<br />637,000
<br />(9)
<br />36,931
<br />353,283
<br />175,834
<br />50
<br />Total Expenses(before Operating Transfers)
<br />2,746,184
<br />37,428,244
<br />41,260,230
<br />44,976,678
<br />(9)
<br />2,957,546
<br />39,294,443
<br />(1,866,198)
<br />(5)
<br />Operating Transfer
<br />Operating Transfer/Other Funds
<br />TRANSFER TO CITY ELK RIVER R
<br />122,634
<br />1,425,274
<br />1,590,102
<br />1,707,411
<br />(10)
<br />130,002
<br />1,522,339
<br />(97,065)
<br />(6)
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