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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 2025
<br />2025 2025 YTD ANNUAL 2025 YTD 2024 2024 YTD 2024 v. 2025
<br />Water FEBRUARY YTD BUDGET BUDGET Bud Var% FEBRUARY YTD VARIANCE Actual Var%
<br />Total For Interest Expense: 2,712 5,424 5,424 31,466 0 2,912 5,824 (400) (7)
<br />Other Operating Expense
<br />LOSS ON DISPOSITION OF PROP (C
<br />0
<br />0
<br />0
<br />16,000
<br />0
<br />0
<br />0
<br />0
<br />0
<br />DAM MAINTENANCE EXPENSE
<br />0
<br />30
<br />0
<br />0
<br />0
<br />0
<br />0
<br />30
<br />0
<br />PENSION EXPENSE
<br />0
<br />0
<br />0
<br />44,000
<br />0
<br />0
<br />0
<br />0
<br />0
<br />INTEREST EXPENSE - METER DEP
<br />52
<br />104
<br />125
<br />750
<br />(17)
<br />120
<br />241
<br />(137)
<br />(57)
<br />Total For Other Operating Expense:
<br />52
<br />134
<br />125
<br />60,750
<br />8
<br />120
<br />241
<br />(107)
<br />(44)
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />539
<br />1,108
<br />1,166
<br />7,000
<br />(5)
<br />153
<br />344
<br />764
<br />222
<br />MISC CUSTOMER ACCOUNTS EXP
<br />7,245
<br />15,299
<br />16,333
<br />98,000
<br />(6)
<br />7,218
<br />14,161
<br />1,137
<br />8
<br />BAD DEBT EXPENSE & RECOVER
<br />0
<br />0
<br />41
<br />250
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />Total For Customer Accounts Expense:
<br />7,785
<br />16,407
<br />17,541
<br />105,250
<br />(6)
<br />7,372
<br />14,506
<br />1,901
<br />13
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />22,234
<br />46,711
<br />48,000
<br />288,000
<br />(3)
<br />21,292
<br />43,173
<br />3,537
<br />8
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />166
<br />1,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />2,095
<br />3,419
<br />5,000
<br />30,000
<br />(32)
<br />2,256
<br />3,331
<br />88
<br />3
<br />ELECTRIC & WATER CONSUMPTI
<br />461
<br />930
<br />1,166
<br />7,000
<br />(20)
<br />499
<br />1,036
<br />(106)
<br />(10)
<br />BANK FEES
<br />52
<br />130
<br />116
<br />700
<br />11
<br />51
<br />85
<br />44
<br />51
<br />LEGAL FEES
<br />330
<br />474
<br />833
<br />5,000
<br />(43)
<br />162
<br />449
<br />25
<br />6
<br />AUDITING FEES
<br />430
<br />860
<br />1,116
<br />6,700
<br />(23)
<br />410
<br />820
<br />40
<br />5
<br />INSURANCE
<br />3,487
<br />6,974
<br />7,333
<br />44,000
<br />(5)
<br />3,540
<br />7,000
<br />(25)
<br />0
<br />UTILITY SHARE - DEFERRED COM
<br />2,304
<br />5,659
<br />4,016
<br />24,100
<br />41
<br />2,167
<br />4,367
<br />1,291
<br />30
<br />UTILITY SHARE - MEDICAUDENT
<br />16,722
<br />58,403
<br />63,634
<br />269,977
<br />(8)
<br />14,703
<br />54,651
<br />3,751
<br />7
<br />UTILITY SHARE - PERA
<br />4,792
<br />10,348
<br />11,416
<br />68,500
<br />(9)
<br />4,581
<br />9,523
<br />824
<br />9
<br />UTILITY SHARE - FICA
<br />4,614
<br />9,923
<br />11,000
<br />66,000
<br />(10)
<br />4,506
<br />9,304
<br />619
<br />7
<br />EMPLOYEE SICK PAY
<br />5,725
<br />10,851
<br />5,833
<br />35,000
<br />86
<br />1,949
<br />3,905
<br />6,945
<br />178
<br />EMPLOYEE HOLIDAY PAY
<br />3,155
<br />9,413
<br />10,381
<br />41,525
<br />(9)
<br />2,908
<br />7,401
<br />2,011
<br />27
<br />EMPLOYEE VACATION & PTO PA
<br />4,243
<br />18,251
<br />16,909
<br />66,000
<br />8
<br />3,788
<br />14,066
<br />4,185
<br />30
<br />UPMIC DISTRIBUTION
<br />0
<br />0
<br />0
<br />18,500
<br />0
<br />0
<br />0
<br />0
<br />0
<br />WELLHEAD PROTECTION
<br />0
<br />0
<br />340
<br />2,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />LONGEVITY PAY
<br />0
<br />0
<br />0
<br />2,130
<br />0
<br />0
<br />0
<br />0
<br />0
<br />CONSULTING FEES
<br />4,680
<br />9,560
<br />9,566
<br />57,400
<br />0
<br />2,066
<br />2,574
<br />6,985
<br />271
<br />TELEPHONE
<br />638
<br />1,275
<br />1,250
<br />7,500
<br />2
<br />704
<br />1,417
<br />(142)
<br />(10)
<br />ADVERTISING
<br />589
<br />969
<br />833
<br />5,000
<br />16
<br />349
<br />757
<br />212
<br />28
<br />DUES & SUBSCRIPTIONS - FEES
<br />16,153
<br />18,556
<br />19,961
<br />89,961
<br />(7)
<br />15,329
<br />16,196
<br />2,360
<br />15
<br />165
<br />
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