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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER,
<br />MINNESOTA
<br />STATEMENTS
<br />OF
<br />REVENUES, EXPENSES
<br />AND
<br />CHANGES IN
<br />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 />Water
<br />DECEMBER
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />DECEMBER
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />INTEREST EXPENSE - BONDS
<br />3,266
<br />40,600
<br />40,600
<br />40,600
<br />0
<br />3,466
<br />43,000
<br />(2,400)
<br />(6)
<br />AMORTIZATION OF DEBT DISCOU
<br />(554)
<br />(6,650)
<br />(6,651)
<br />(6,651)
<br />0
<br />(554)
<br />(6,650)
<br />0
<br />0
<br />Total For Interest Expense:
<br />2,712
<br />33,949
<br />33,949
<br />33,949
<br />0
<br />2,912
<br />36,349
<br />(2,400)
<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 />LOSS ON DISPOSITION OF PROP (N
<br />16,271
<br />16,271
<br />0
<br />0
<br />0
<br />0
<br />0
<br />16,271
<br />0
<br />DAM MAINTENANCE EXPENSE
<br />0
<br />444
<br />2,000
<br />2,000
<br />(78)
<br />0
<br />1,876
<br />(1,431)
<br />(76)
<br />PENSION EXPENSE
<br />0
<br />0
<br />65,000
<br />65,000
<br />(100)
<br />19,334
<br />19,334
<br />(19,334)
<br />(100)
<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 />62
<br />967
<br />1,300
<br />1,300
<br />(26)
<br />107
<br />1,262
<br />(295)
<br />(23)
<br />Total For Other Operating Expense:
<br />16,334
<br />17,683
<br />82,300
<br />82,300
<br />(79)
<br />19,441
<br />22,567
<br />(4,884)
<br />(22)
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />573
<br />5,549
<br />2,500
<br />2,500
<br />122
<br />200
<br />2,238
<br />3,311
<br />148
<br />MISC CUSTOMER ACCOUNTS EXP
<br />7,107
<br />91,045
<br />89,000
<br />89,000
<br />2
<br />7,665
<br />86,429
<br />4,615
<br />5
<br />BAD DEBT EXPENSE & RECOVER
<br />0
<br />19
<br />250
<br />250
<br />(92)
<br />0
<br />(28)
<br />47
<br />171
<br />Total For Customer Accounts Expense:
<br />7,681
<br />96,614
<br />91,750
<br />91,750
<br />5
<br />7,865
<br />88,639
<br />7,974
<br />9
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />19,334
<br />258,534
<br />285,000
<br />285,000
<br />(9)
<br />18,457
<br />230,045
<br />28,488
<br />12
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />1,000
<br />1,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />785
<br />23,419
<br />37,000
<br />37,000
<br />(37)
<br />1,313
<br />24,421
<br />(1,002)
<br />(4)
<br />ELECTRIC & WATER CONSUMPTI
<br />(206)
<br />6,061
<br />11,000
<br />11,000
<br />(45)
<br />73
<br />6,787
<br />(725)
<br />(11)
<br />BANK FEES
<br />53
<br />726
<br />600
<br />600
<br />21
<br />72
<br />484
<br />242
<br />50
<br />LEGAL FEES
<br />252
<br />5,708
<br />9,000
<br />9,000
<br />(37)
<br />136
<br />4,375
<br />1,332
<br />30
<br />AUDITING FEES
<br />410
<br />5,266
<br />6,000
<br />6,000
<br />(12)
<br />405
<br />5,655
<br />(389)
<br />(7)
<br />INSURANCE
<br />1,465
<br />40,122
<br />43,000
<br />43,000
<br />(7)
<br />2,991
<br />51,107
<br />(10,984)
<br />(21)
<br />UTILITY SHARE - DEFERRED COM
<br />561
<br />18,628
<br />21,000
<br />21,000
<br />(11)
<br />1,371
<br />21,515
<br />(2,887)
<br />(13)
<br />UTILITY SHARE - MEDICAL/DENT
<br />14,801
<br />202,666
<br />220,000
<br />220,000
<br />(8)
<br />14,111
<br />202,874
<br />(207)
<br />0
<br />UTILITY SHARE - PERA
<br />5,051
<br />59,326
<br />56,000
<br />56,000
<br />6
<br />4,231
<br />52,775
<br />6,551
<br />12
<br />UTILITY SHARE - FICA
<br />5,085
<br />58,185
<br />54,000
<br />54,000
<br />8
<br />4,077
<br />50,873
<br />7,312
<br />14
<br />EMPLOYEE SICK PAY
<br />3,476
<br />33,020
<br />29,000
<br />29,000
<br />14
<br />3,811
<br />28,323
<br />4,696
<br />17
<br />EMPLOYEE HOLIDAY PAY
<br />6,153
<br />34,537
<br />32,000
<br />32,000
<br />8
<br />5,423
<br />30,911
<br />3,626
<br />12
<br />EMPLOYEE VACATION & PTO PA
<br />3,996
<br />59,901
<br />52,000
<br />52,000
<br />15
<br />3,667
<br />48,487
<br />11,413
<br />24
<br />UPMIC DISTRIBUTION
<br />7,544
<br />23,571
<br />21,000
<br />21,000
<br />12
<br />5,379
<br />16,347
<br />7,224
<br />44
<br />WELLHEAD PROTECTION
<br />0
<br />0
<br />2,000
<br />2,000
<br />(100)
<br />0
<br />6,861
<br />(6,861)
<br />(100)
<br />LONGEVITY PAY
<br />0
<br />836
<br />837
<br />837
<br />0
<br />0
<br />2,581
<br />(1,745)
<br />(68)
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