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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 />Water
<br />FEBRUARY
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />FEBRUARY
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />Total Revenue
<br />182,697
<br />393,795
<br />363,574
<br />4,066,913
<br />8
<br />186,695
<br />429,472
<br />(35,677)
<br />(8)
<br />Expenses
<br />Production Expense
<br />MTCE OF STRUCTURES
<br />9,681
<br />20,970
<br />22,500
<br />135,000
<br />(7)
<br />10,351
<br />22,492
<br />(1,522)
<br />(7)
<br />Total For Production Expense:
<br />9,681
<br />20,970
<br />22,500
<br />135,000
<br />(7)
<br />10,351
<br />22,492
<br />(1,522)
<br />(7)
<br />Pumping Expense
<br />SUPERVISION
<br />5,670
<br />12,503
<br />12,666
<br />76,000
<br />(1)
<br />4,353
<br />10,540
<br />1,962
<br />19
<br />ELECTRIC & GAS UTILITIES
<br />25,631
<br />46,081
<br />51,666
<br />310,000
<br />(11)
<br />17,194
<br />37,332
<br />8,748
<br />23
<br />SAMPLING
<br />3,142
<br />4,032
<br />4,025
<br />24,150
<br />0
<br />714
<br />2,490
<br />1,541
<br />62
<br />CHEMICAL FEED
<br />1,048
<br />5,079
<br />8,333
<br />50,000
<br />(39)
<br />1,788
<br />4,027
<br />1,052
<br />26
<br />MTCE OF WELLS
<br />15,535
<br />37,121
<br />33,333
<br />200,000
<br />11
<br />12,934
<br />29,666
<br />7,454
<br />25
<br />SCADA - PUMPING
<br />342
<br />692
<br />2,000
<br />12,000
<br />(65)
<br />223
<br />538
<br />153
<br />28
<br />Total For Pumping Expense:
<br />51,371
<br />105,509
<br />112,025
<br />672,150
<br />(6)
<br />37,209
<br />84,596
<br />20,913
<br />25
<br />Distribution Expense
<br />MTCE OF WATER MAINS
<br />3,579
<br />6,307
<br />29,166
<br />175,000
<br />(78)
<br />1,857
<br />4,260
<br />2,046
<br />48
<br />LOCATE WATER LINES
<br />909
<br />1,612
<br />3,333
<br />20,000
<br />(52)
<br />929
<br />1,438
<br />173
<br />12
<br />MTCE OF WATER SERVICES
<br />0
<br />0
<br />83
<br />500
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />WATER METER SERVICE
<br />11,248
<br />14,905
<br />11,666
<br />70,000
<br />28
<br />819
<br />4,783
<br />10,121
<br />212
<br />BACKFLOW DEVICE INSPECTION
<br />1,439
<br />2,669
<br />2,700
<br />23,160
<br />(1)
<br />1,419
<br />2,680
<br />(10)
<br />0
<br />MTCE OF CUSTOMERS SERVICE
<br />2,510
<br />5,398
<br />5,833
<br />35,000
<br />(7)
<br />2,557
<br />5,497
<br />(99)
<br />(2)
<br />WATER MAPPING
<br />3,540
<br />11,794
<br />2,833
<br />17,000
<br />316
<br />2,866
<br />4,430
<br />7,363
<br />166
<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 WATER HYDRANTS - PU
<br />1,032
<br />6,581
<br />3,666
<br />22,000
<br />79
<br />430
<br />969
<br />5,612
<br />579
<br />MTCE OF WATER HYDRANTS - PR
<br />0
<br />0
<br />1,000
<br />6,000
<br />(100)
<br />609
<br />609
<br />(609)
<br />(100)
<br />WATER CLOTHING/PPE
<br />0
<br />79
<br />2,500
<br />15,000
<br />(97)
<br />0
<br />399
<br />(320)
<br />(80)
<br />WAGES WATER
<br />732
<br />1,514
<br />1,666
<br />10,000
<br />(9)
<br />673
<br />1,338
<br />175
<br />13
<br />TRANSPORTATION EXPENSE
<br />901
<br />1,639
<br />4,000
<br />24,000
<br />(59)
<br />672
<br />2,153
<br />(514)
<br />(24)
<br />WATER PERMIT
<br />20,037
<br />20,037
<br />27,000
<br />27,000
<br />(26)
<br />26,255
<br />26,255
<br />(6,218)
<br />(24)
<br />Total For Distribution Expense:
<br />45,931
<br />72,538
<br />97,950
<br />459,660
<br />(26)
<br />39,091
<br />54,817
<br />17,720
<br />32
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />115,418
<br />231,000
<br />220,977
<br />1,325,865
<br />5
<br />100,889
<br />201,632
<br />29,368
<br />15
<br />Total For Depreciation & Amortization:
<br />115,418
<br />231,000
<br />220,977
<br />1,325,865
<br />5
<br />100,889
<br />201,632
<br />29,368
<br />15
<br />Interest Expense
<br />INTEREST EXPENSE - BONDS
<br />3,266
<br />6,533
<br />6,533
<br />38,117
<br />0
<br />3,466
<br />6,933
<br />(400)
<br />(6)
<br />AMORTIZATION OF DEBT DISCOU
<br />(554)
<br />(1,108)
<br />(1,108)
<br />(6,651)
<br />0
<br />(554)
<br />(1,108)
<br />0
<br />0
<br />164
<br />
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