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Elk River Municipal Utilities
<br />Elk River, Minnesota
<br />Statement of Revenues, Expenses and Changes in Net Position
<br />For the Year Ended December 31, 2024
<br />Operating Revenues
<br />Charges for services
<br />Substation credit
<br />Connection maintenance
<br />Customer penalties
<br />Total Operating Revenues
<br />Operating Expenses
<br />Purchased power
<br />Production
<br />Distribution
<br />Depreciation
<br />Customer accounts
<br />General and administrative
<br />Total Operating Expenses
<br />Operating Income (Loss)
<br />Nonoperating Revenues (Expenses)
<br />Interest income (loss)
<br />Miscellaneous revenue
<br />Interest expense and other
<br />Gain/(Loss) on sale of capital assets
<br />Total Nonoperating Revenues (Expenses)
<br />Income (Loss) before Contributions and Transfers
<br />Capital Contributions -
<br />Connection Fees
<br />Contribution from Customers
<br />Transfers to Other City Funds
<br />Total Contributions and Transfers
<br />Change in Net Position
<br />Net Position, January 1
<br />Net Position, December 31
<br />Electric
<br />Water
<br />Total
<br />$ 42,557,925
<br />$ 2,803,602
<br />$ 45,361,527
<br />4,800
<br />-
<br />4,800
<br />317,234
<br />72,409
<br />389,643
<br />295,143
<br />31,102
<br />326,245
<br />43,175,102
<br />2,907,113
<br />46,082,215
<br />28,590,698
<br />-
<br />28,590,698
<br />266,783
<br />780,844
<br />1,047,627
<br />2,437,569
<br />462,083
<br />2,899,652
<br />3,317,829
<br />1,223,033
<br />4,540,862
<br />659,755
<br />96,615
<br />756,370
<br />4,718,264
<br />1,006,969
<br />5,725,233
<br />39,990,898
<br />3,569,544
<br />43,560,442
<br />3,184,204 (662,431) 2,521,773
<br />338,157
<br />104,286
<br />442,443
<br />925,800
<br />429,016
<br />1,354,816
<br />(773,748)
<br />(33,949)
<br />(807,697)
<br />(16,154)
<br />(5,090)
<br />(21,244)
<br />474,055
<br />494,263
<br />968,318
<br />3,658,259 (168,168) 3,490,091
<br />- 477,998 477,998
<br />690,934 21,910 712,844
<br />(11527,629) - (1,527,629)
<br />(836,695) 499,908 (336,787)
<br />2,821,564 331,740 3,153,304
<br />48,581,231 33,120,017 81,701,248
<br />$ 51,402,795 $ 33,451,757 $ 84,854,552
<br />The notes to the financial statements are an integral part of this statement.
<br />25
<br />88
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