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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 FEBRUARY 2025
<br />2025
<br />2025
<br />2025
<br />2025
<br />YTD
<br />ANNUAL
<br />2025 YTD
<br />2024
<br />2024
<br />YTD
<br />2024 v. 2025
<br />Electric
<br />FEBRUARY
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />FEBRUARY
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />FIBER MAPPING
<br />0
<br />0
<br />2,500
<br />15,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />MTCE OF OH SECONDARY
<br />2,440
<br />5,135
<br />3,833
<br />23,000
<br />34
<br />997
<br />2,407
<br />2,727
<br />113
<br />MTCE OF URD SECONDARY
<br />3,287
<br />10,203
<br />12,500
<br />75,000
<br />(18)
<br />2,484
<br />6,194
<br />4,009
<br />65
<br />TRANSPORTATION EXPENSE
<br />29,026
<br />65,319
<br />54,166
<br />325,000
<br />21
<br />21,872
<br />65,039
<br />280
<br />0
<br />Total For Maintenance Expense:
<br />162,569
<br />365,032
<br />445,416
<br />2,144,500
<br />(18)
<br />176,265
<br />385,462
<br />(20,430)
<br />(5)
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />230,898
<br />462,870
<br />445,235
<br />2,671,415
<br />4
<br />219,718
<br />438,135
<br />24,735
<br />6
<br />AMORTIZATION
<br />55,677
<br />111,355
<br />111,356
<br />668,136
<br />0
<br />55,677
<br />111,355
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />286,576
<br />574,226
<br />556,591
<br />3,339,551
<br />3
<br />275,395
<br />549,491
<br />24,735
<br />5
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />66,971
<br />135,217
<br />135,217
<br />794,932
<br />0
<br />70,163
<br />141,563
<br />(6,345)
<br />(4)
<br />AMORTIZATION OF DEBT DISCOU
<br />(4,988)
<br />(9,977)
<br />(9,977)
<br />(59,863)
<br />0
<br />(4,988)
<br />(9,977)
<br />0
<br />0
<br />Total For Interest Expense:
<br />61,982
<br />125,240
<br />125,240
<br />735,069
<br />0
<br />65,174
<br />131,586
<br />(6,345)
<br />(5)
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />198
<br />401
<br />233
<br />1,400
<br />73
<br />199
<br />406
<br />(5)
<br />(1)
<br />LOSS ON DISPOSITION OF PROP (C
<br />0
<br />0
<br />0
<br />160,000
<br />0
<br />0
<br />0
<br />0
<br />0
<br />OTHER DONATIONS
<br />91
<br />217
<br />333
<br />2,000
<br />(35)
<br />0
<br />0
<br />217
<br />0
<br />PENSION EXPENSE
<br />0
<br />0
<br />0
<br />259,000
<br />0
<br />0
<br />0
<br />0
<br />0
<br />INTEREST EXPENSE - METER DEP
<br />4,123
<br />8,196
<br />10,000
<br />60,000
<br />(18)
<br />4,721
<br />9,382
<br />(1,185)
<br />(13)
<br />Total For Other Operating Expense:
<br />4,412
<br />8,815
<br />10,566
<br />482,400
<br />(17)
<br />4,921
<br />9,788
<br />(973)
<br />(10)
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />2,653
<br />6,099
<br />5,833
<br />35,000
<br />5
<br />2,986
<br />6,659
<br />(559)
<br />(8)
<br />DISCONNECT/RECONNECT EXPEN
<br />0
<br />0
<br />1,666
<br />10,000
<br />(100)
<br />530
<br />1,871
<br />(1,871)
<br />(100)
<br />MISC CUSTOMER ACCOUNTS EXP
<br />28,717
<br />60,196
<br />66,666
<br />400,000
<br />(10)
<br />28,322
<br />55,220
<br />4,975
<br />9
<br />BAD DEBT EXPENSE & RECOVER
<br />449
<br />649
<br />4,166
<br />25,000
<br />(84)
<br />1,646
<br />2,887
<br />(2,238)
<br />(77)
<br />Total For Customer Accounts Expense:
<br />31,820
<br />66,945
<br />78,333
<br />470,000
<br />(15)
<br />33,486
<br />66,638
<br />306
<br />0
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />76,034
<br />159,117
<br />180,833
<br />1,085,000
<br />(12)
<br />72,274
<br />147,552
<br />11,564
<br />8
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />666
<br />4,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />8,968
<br />14,372
<br />22,500
<br />135,000
<br />(36)
<br />12,382
<br />16,940
<br />(2,568)
<br />(15)
<br />ELECTRIC & WATER CONSUMPTI
<br />1,845
<br />3,718
<br />5,333
<br />32,000
<br />(30)
<br />1,997
<br />4,144
<br />(425)
<br />(10)
<br />BANK FEES
<br />208
<br />496
<br />500
<br />3,000
<br />(1)
<br />182
<br />317
<br />178
<br />56
<br />LEGAL FEES
<br />1,322
<br />1,899
<br />5,000
<br />30,000
<br />(62)
<br />648
<br />1,912
<br />(13)
<br />(1)
<br />AUDITING FEES
<br />1,720
<br />3,440
<br />3,440
<br />20,640
<br />0
<br />1,640
<br />3,280
<br />160
<br />5
<br />INSURANCE
<br />14,866
<br />29,733
<br />32,500
<br />195,000
<br />(9)
<br />15,733
<br />31,147
<br />(1,414)
<br />(5)
<br />160
<br />
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