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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 />Water
<br />NOVEMBER
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />NOVEMBER
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />Total For Interest Expense:
<br />2,712
<br />31,236
<br />31,236
<br />33,949
<br />0
<br />2,912
<br />33,436
<br />(2,200)
<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 />0
<br />444
<br />1,833
<br />2,000
<br />(76)
<br />0
<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 />58
<br />904
<br />1,191
<br />1,300
<br />(24)
<br />107
<br />1,155
<br />(251)
<br />(22)
<br />Total For Other Operating Expense:
<br />58
<br />1,349
<br />17,025
<br />82,300
<br />(92)
<br />107
<br />3,126
<br />(1,777)
<br />(57)
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />607
<br />4,975
<br />2,291
<br />2,500
<br />117
<br />192
<br />2,037
<br />2,937
<br />144
<br />MISC CUSTOMER ACCOUNTS EXP
<br />7,430
<br />83,938
<br />81,583
<br />89,000
<br />3
<br />5,601
<br />78,764
<br />5,174
<br />7
<br />BAD DEBT EXPENSE & RECOVER
<br />0
<br />19
<br />229
<br />250
<br />(92)
<br />0
<br />(28)
<br />47
<br />168
<br />Total For Customer Accounts Expense:
<br />8,037
<br />88,933
<br />84,104
<br />91,750
<br />6
<br />5,793
<br />80,773
<br />8,159
<br />10
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />20,269
<br />239,199
<br />261,250
<br />285,000
<br />(8)
<br />18,197
<br />211,588
<br />27,611
<br />13
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />916
<br />1,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />2,203
<br />22,634
<br />33,916
<br />37,000
<br />(33)
<br />1,888
<br />23,108
<br />(474)
<br />(2)
<br />ELECTRIC & WATER CONSUMPTI
<br />467
<br />6,267
<br />10,083
<br />11,000
<br />(38)
<br />459
<br />6,713
<br />(446)
<br />(7)
<br />BANK FEES
<br />88
<br />673
<br />550
<br />600
<br />22
<br />27
<br />412
<br />261
<br />63
<br />LEGAL FEES
<br />748
<br />5,455
<br />8,250
<br />9,000
<br />(34)
<br />507
<br />4,239
<br />1,216
<br />29
<br />AUDITING FEES
<br />410
<br />4,856
<br />5,500
<br />6,000
<br />(12)
<br />405
<br />5,250
<br />(394)
<br />(8)
<br />INSURANCE
<br />3,664
<br />38,656
<br />39,416
<br />43,000
<br />(2)
<br />3,441
<br />48,115
<br />(9,458)
<br />(20)
<br />UTILITY SHARE - DEFERRED COM
<br />854
<br />18,067
<br />19,250
<br />21,000
<br />(6)
<br />1,405
<br />20,143
<br />(2,076)
<br />(10)
<br />UTILITY SHARE - MEDICAL/DENT
<br />14,905
<br />187,865
<br />203,636
<br />220,000
<br />(8)
<br />14,235
<br />188,762
<br />(897)
<br />0
<br />UTILITY SHARE - PERA
<br />4,846
<br />54,275
<br />51,333
<br />56,000
<br />6
<br />4,312
<br />48,543
<br />5,732
<br />12
<br />UTILITY SHARE - FICA
<br />4,442
<br />53,100
<br />49,500
<br />54,000
<br />7
<br />4,008
<br />46,796
<br />6,304
<br />13
<br />EMPLOYEE SICK PAY
<br />4,115
<br />29,543
<br />26,583
<br />29,000
<br />11
<br />1,705
<br />24,512
<br />5,031
<br />21
<br />EMPLOYEE HOLIDAY PAY
<br />9,288
<br />28,384
<br />26,181
<br />32,000
<br />8
<br />8,125
<br />25,487
<br />2,896
<br />11
<br />EMPLOYEE VACATION & PTO PA
<br />4,385
<br />55,905
<br />48,000
<br />52,000
<br />16
<br />3,706
<br />44,820
<br />11,084
<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 />1,870
<br />2,000
<br />(100)
<br />0
<br />6,861
<br />(6,861)
<br />(100)
<br />LONGEVITY PAY
<br />106
<br />836
<br />837
<br />837
<br />0
<br />0
<br />2,581
<br />(1,745)
<br />(68)
<br />CONSULTING FEES
<br />0
<br />11,391
<br />42,075
<br />45,900
<br />(73)
<br />490
<br />9,006
<br />2,385
<br />26
<br />TELEPHONE
<br />651
<br />6,546
<br />8,250
<br />9,000
<br />(21)
<br />667
<br />7,664
<br />(1,118)
<br />(15)
<br />ADVERTISING
<br />405
<br />3,124
<br />4,583
<br />5,000
<br />(32)
<br />156
<br />3,978
<br />(854)
<br />(21)
<br />72
<br />
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