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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 DECEMBER 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 />DECEMBER
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />DECEMBER
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />VOLTAGE COMPLAINTS
<br />524
<br />6,937
<br />12,000
<br />12,000
<br />(42)
<br />317
<br />10,389
<br />(3,452)
<br />(33)
<br />SALARIES TRANSMISSION & DIST
<br />2,473
<br />31,044
<br />30,000
<br />30,000
<br />3
<br />2,162
<br />28,029
<br />3,015
<br />11
<br />ELECTRIC MAPPING
<br />15,070
<br />134,998
<br />100,000
<br />100,000
<br />35
<br />9,473
<br />111,093
<br />23,904
<br />22
<br />MTCE OF OH SECONDARY
<br />1,820
<br />21,933
<br />25,000
<br />25,000
<br />(12)
<br />2,576
<br />26,387
<br />(4,454)
<br />(17)
<br />MTCE OF URD SECONDARY
<br />4,720
<br />58,324
<br />60,000
<br />60,000
<br />(3)
<br />10,629
<br />68,402
<br />(10,078)
<br />(15)
<br />TRANSPORTATION EXPENSE
<br />27,330
<br />299,522
<br />300,000
<br />300,000
<br />0
<br />27,230
<br />279,657
<br />19,865
<br />7
<br />Total For Maintenance Expense:
<br />179,663
<br />1,842,551
<br />1,668,500
<br />1,668,500
<br />10
<br />155,461
<br />1,671,361
<br />171,189
<br />10
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />222,306
<br />2,639,980
<br />2,439,475
<br />2,439,475
<br />8
<br />219,459
<br />2,508,985
<br />130,995
<br />5
<br />AMORTIZATION
<br />55,677
<br />668,135
<br />668,136
<br />668,136
<br />0
<br />55,677
<br />668,135
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />277,984
<br />3,308,115
<br />3,107,611
<br />3,107,611
<br />6
<br />275,137
<br />3,177,120
<br />130,995
<br />4
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />68,246
<br />833,610
<br />845,673
<br />845,673
<br />(1)
<br />71,400
<br />870,693
<br />(37,083)
<br />(4)
<br />AMORTIZATION OF DEBT DISCOU
<br />(4,988)
<br />(59,862)
<br />(59,863)
<br />(59,863)
<br />0
<br />(4,988)
<br />(59,862)
<br />0
<br />0
<br />Total For Interest Expense:
<br />63,257
<br />773,748
<br />785,810
<br />785,810
<br />2
<br />66,412
<br />810,831
<br />(37,083)
<br />(5)
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />210
<br />2,661
<br />3,100
<br />3,100
<br />(14)
<br />200
<br />2,173
<br />488
<br />22
<br />LOSS ON DISPOSITION OF PROP (C
<br />(75)
<br />2,950
<br />155,800
<br />155,800
<br />(98)
<br />0
<br />13,073
<br />(10,123)
<br />(77)
<br />OTHER DONATIONS
<br />0
<br />0
<br />3,000
<br />3,000
<br />(100)
<br />0
<br />108
<br />(108)
<br />(100)
<br />MUTUAL AID
<br />0
<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 />295,000
<br />295,000
<br />(100)
<br />211,616
<br />211,616
<br />(211,616)
<br />(100)
<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 />4,889
<br />57,582
<br />50,000
<br />50,000
<br />15
<br />4,102
<br />47,921
<br />9,660
<br />20
<br />Total For Other Operating Expense:
<br />5,024
<br />117,734
<br />506,900
<br />506,900
<br />77
<br />215,918
<br />279,686
<br />(161,952)
<br />(58)
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />3,355
<br />47,697
<br />47,000
<br />47,000
<br />1
<br />3,893
<br />43,805
<br />3,892
<br />9
<br />DISCONNECT/RECONNECT EXPEN
<br />0
<br />11,844
<br />22,000
<br />22,000
<br />(46)
<br />977
<br />20,348
<br />(8,504)
<br />(42)
<br />MISC CUSTOMER ACCOUNTS EXP
<br />28,337
<br />355,651
<br />345,000
<br />345,000
<br />3
<br />29,189
<br />340,258
<br />15,393
<br />5
<br />BAD DEBT EXPENSE & RECOVER
<br />319
<br />15,202
<br />25,000
<br />25,000
<br />(39)
<br />703
<br />29,142
<br />(13,939)
<br />(48)
<br />Total For Customer Accounts Expense:
<br />32,012
<br />430,395
<br />439,000
<br />439,000
<br />(2)
<br />34,764
<br />433,554
<br />(3,158)
<br />(1)
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />66,180
<br />885,000
<br />908,000
<br />908,000
<br />(3)
<br />64,275
<br />792,284
<br />92,716
<br />12
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />4,000
<br />4,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />3,627
<br />95,725
<br />125,000
<br />125,000
<br />(23)
<br />5,833
<br />113,010
<br />(17,284)
<br />(15)
<br />ELECTRIC & WATER CONSUMPTI
<br />(814)
<br />24,245
<br />40,000
<br />40,000
<br />(39)
<br />292
<br />27,148
<br />(2,902)
<br />(11)
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