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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 MARCH 2025
<br />2025
<br />MARCH
<br />2024
<br />MARCH
<br />2025
<br />YTD
<br />2024
<br />YTD
<br />2025
<br /> YTD
<br />BUDGET
<br />2025 YTD
<br />Bud Var%
<br />2024 v. 2025
<br />Actual Var%
<br /> YTD
<br />VARIANCE
<br />2025
<br /> ANNUAL
<br />BUDGETElectric
<br />FIBER MAPPING 0 003,7500 (100)015,000 0
<br />MTCE OF OH SECONDARY 1,322 3,7292,196 5,7507,331 27 9723,000 3,601
<br />MTCE OF URD SECONDARY 3,794 9,9882,962 18,75013,166 (30)3275,000 3,177
<br />TRANSPORTATION EXPENSE 29,688 94,72734,085 81,24999,404 22 5325,000 4,677
<br />196,290 561,322 649,125 193,874 579,337(14)(3)Total For Maintenance Expense:2,144,500 (18,014)
<br /> Depreciation & Amortization
<br />DEPRECIATION 219,545 657,680231,730 667,853694,601 4 62,671,415 36,920
<br />AMORTIZATION 55,677 167,03355,677 167,034167,033 0 0668,136 0
<br />287,408 861,635 834,887 275,223 824,7143 4Total For Depreciation & Amortization:3,339,551 36,920
<br /> Interest Expense
<br />INTEREST EXPENSE - BONDS 70,163 211,72666,971 202,189202,189 0 (5)794,932 (9,537)
<br />AMORTIZATION OF DEBT DISCOU (4,988)(14,965)(4,988)(14,965)(14,965)0 0(59,863)0
<br />61,982 187,223 187,223 65,174 196,7610 (5)Total For Interest Expense:735,069 (9,537)
<br /> Other Operating Expense
<br />EV CHARGING EXPENSE 179 58617135057364 (2)1,400 (13)
<br />LOSS ON DISPOSITION OF PROP (C 4,105 4,10518,258 018,258 0 345160,000 14,152
<br />OTHER DONATIONS 0 00500217(57)02,000 217
<br />PENSION EXPENSE 0 00000 0259,000 0
<br />INTEREST EXPENSE - METER DEP 4,733 14,1154,118 15,00012,314 (18)(13)60,000 (1,801)
<br />22,548 31,363 15,850 9,019 18,80898 67Total For Other Operating Expense:482,400 12,555
<br /> Customer Accounts Expense
<br />METER READING EXPENSE 2,427 9,0862,847 8,7508,947 2 (2)35,000 (139)
<br />DISCONNECT/RECONNECT EXPEN 399 2,271662,49966 (97)(97)10,000 (2,205)
<br />MISC CUSTOMER ACCOUNTS EXP 28,810 84,03129,696 99,99989,892 (10)7400,000 5,861
<br />BAD DEBT EXPENSE & RECOVER (29)2,8572,248 6,2492,898 (54)125,000 40
<br />34,859 101,804 117,499 31,607 98,246(13)4Total For Customer Accounts Expense:470,000 3,557
<br /> Administrative Expense
<br />SALARIES OFFICE & COMMISSION 70,369 217,92178,894 271,250238,011 (12)91,085,000 20,090
<br />TEMPORARY STAFFING 0 009990(100)04,000 0
<br />OFFICE SUPPLIES 5,808 22,7485,210 33,75019,583 (42)(14)135,000 (3,165)
<br />ELECTRIC & WATER CONSUMPTI 2,019 6,1631,796 8,0005,515 (31)(11)32,000 (647)
<br />BANK FEES 126 444201750698(7)573,000 253
<br />LEGAL FEES 417 2,3301,407 7,5003,306 (56)4230,000 976
<br />AUDITING FEES 1,640 4,9201,720 5,1605,160 0 520,640 240
<br />INSURANCE 15,414 46,56114,866 48,75044,600 (9)(4)195,000 (1,961)
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