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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 2024
<br />2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024
<br />Electric DECEMBER YTD BUDGET BUDGET Bud Var% DECEMBER YTD VARIANCE Actual Var%
<br />BANK FEES
<br />214
<br />2,845
<br />2,500
<br />2,500
<br />14
<br />288
<br />1,886
<br />958
<br />51
<br />LEGAL FEES
<br />2,733
<br />35,361
<br />30,000
<br />30,000
<br />18
<br />546
<br />20,028
<br />15,333
<br />77
<br />AUDITING FEES
<br />1,640
<br />18,880
<br />22,000
<br />22,000
<br />(14)
<br />1,623
<br />20,439
<br />(1,559)
<br />(8)
<br />INSURANCE
<br />8,184
<br />183,582
<br />190,000
<br />190,000
<br />(3)
<br />15,440
<br />201,330
<br />(17,747)
<br />(9)
<br />UTILITY SHARE- DEFERRED COM
<br />3,481
<br />111,229
<br />120,000
<br />120,000
<br />(7)
<br />5,588
<br />116,375
<br />(5,145)
<br />(4)
<br />UTILITY SHARE - MEDICAUDENT
<br />56,087
<br />829,167
<br />870,000
<br />870,000
<br />(5)
<br />60,569
<br />824,442
<br />4,724
<br />1
<br />UTILITY SHARE - PERA
<br />25,960
<br />308,017
<br />302,000
<br />302,000
<br />2
<br />23,607
<br />286,887
<br />21,129
<br />7
<br />UTILITY SHARE - FICA
<br />25,754
<br />300,170
<br />295,000
<br />295,000
<br />2
<br />23,288
<br />280,348
<br />19,822
<br />7
<br />EMPLOYEE SICK PAY
<br />47,493
<br />195,319
<br />165,000
<br />165,000
<br />18
<br />35,618
<br />175,686
<br />19,633
<br />11
<br />EMPLOYEE HOLIDAY PAY
<br />30,105
<br />179,076
<br />172,000
<br />172,000
<br />4
<br />27,845
<br />168,236
<br />10,840
<br />6
<br />EMPLOYEE VACATION & PTO PA
<br />23,559
<br />331,860
<br />275,000
<br />275,000
<br />21
<br />20,364
<br />279,368
<br />52,491
<br />19
<br />UPMIC DISTRIBUTION
<br />37,105
<br />112,540
<br />101,000
<br />101,000
<br />11
<br />28,703
<br />88,867
<br />23,673
<br />27
<br />LONGEVITY PAY
<br />0
<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 />97,600
<br />97,600
<br />(59)
<br />0
<br />2,732
<br />37,574
<br />1,375
<br />TELEPHONE
<br />2,250
<br />30,987
<br />38,000
<br />38,000
<br />(18)
<br />2,423
<br />36,236
<br />(5,249)
<br />(14)
<br />ADVERTISING
<br />2,035
<br />14,071
<br />19,000
<br />19,000
<br />(26)
<br />552
<br />13,765
<br />305
<br />2
<br />DUES & SUBSCRIPTIONS - FEES
<br />9,856
<br />122,327
<br />137,533
<br />137,533
<br />(11)
<br />19,373
<br />124,702
<br />(2,374)
<br />(2)
<br />SCHOOLS & MEETINGS
<br />7,078
<br />199,541
<br />274,894
<br />274,894
<br />(27)
<br />10,840
<br />223,111
<br />(23,569)
<br />(11)
<br />MTCE OF GENERAL PLANT & OFFI
<br />777
<br />10,072
<br />13,000
<br />13,000
<br />(23)
<br />(1,182)
<br />9,847
<br />225
<br />2
<br />Total For Administrative Expense:
<br />353,312
<br />4,037,296
<br />4,208,492
<br />4,208,492
<br />(4)
<br />345,892
<br />3,821,905
<br />215,390
<br />6
<br />General Expense
<br />CIP REBATES - RESIDENTIAL
<br />7,799
<br />92,938
<br />90,758
<br />90,758
<br />2
<br />3,828
<br />60,902
<br />32,036
<br />53
<br />CIP REBATES - COMMERCIAL
<br />12,334
<br />111,001
<br />112,000
<br />112,000
<br />(1)
<br />16,836
<br />71,268
<br />39,733
<br />56
<br />CIP - ADMINISTRATION
<br />16,593
<br />180,070
<br />182,965
<br />182,965
<br />(2)
<br />500
<br />27,286
<br />152,784
<br />560
<br />CIP - MARKETING
<br />1,137
<br />47,032
<br />51,235
<br />51,235
<br />(8)
<br />(1,218)
<br />36,225
<br />10,807
<br />30
<br />CIP - LABOR
<br />7,270
<br />98,214
<br />133,822
<br />133,822
<br />(27)
<br />9,773
<br />138,208
<br />(39,993)
<br />(29)
<br />CIP REBATES - LOW INCOME
<br />294
<br />3,762
<br />18,720
<br />18,720
<br />(80)
<br />3,068
<br />16,193
<br />(12,431)
<br />(77)
<br />CIP - LOW INCOME LABOR
<br />724
<br />9,264
<br />10,000
<br />10,000
<br />(7)
<br />645
<br />9,391
<br />(127)
<br />(1)
<br />ENVIRONMENTAL COMPLIANCE
<br />2,034
<br />31,460
<br />35,000
<br />35,000
<br />(10)
<br />2,496
<br />23,454
<br />8,006
<br />34
<br />M1SC GENERAL EXPENSE
<br />(128)
<br />3,431
<br />2,500
<br />2,500
<br />37
<br />(1,175)
<br />5,108
<br />(1,676)
<br />(33)
<br />Total For General Expense:
<br />48,059
<br />577,176
<br />637,000
<br />637,000
<br />(9)
<br />34,754
<br />388,037
<br />189,138
<br />49
<br />Total Expenses(before Operating Transfers)
<br />2,992,117
<br />40,420,362
<br />44,976,678
<br />44,976,678
<br />(10)
<br />3,334,029
<br />42,628,472
<br />(2,208,110)
<br />(5)
<br />Operating Transfer
<br />Operating Transfer/Other Funds
<br />
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