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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 />UTILITY SHARE - DEFERRED COM 16,823 49,76012,751 32,12450,060 56 1128,500 300
<br />UTILITY SHARE - MEDICAL/DENT 59,900 306,32966,678 322,694314,397 (3)3942,322 8,067
<br />UTILITY SHARE - PERA 23,728 73,47225,775 80,37578,596 (2)7321,500 5,124
<br />UTILITY SHARE - FICA 22,464 70,57724,942 78,87575,198 (5)7315,500 4,621
<br />EMPLOYEE SICK PAY 19,063 28,80314,661 51,00078,461 54 172204,000 49,658
<br />EMPLOYEE HOLIDAY PAY 0 45,863048,52547,430 (2)3194,100 1,566
<br />EMPLOYEE VACATION & PTO PA 31,895 104,04920,892 105,727113,159 7 9325,000 9,109
<br />UPMIC DISTRIBUTION 29,968 29,96818,105 21,50018,105 (16)(40)86,000 (11,862)
<br />LONGEVITY PAY 0 01,472 1,4731,472 0 09,945 1,472
<br />CONSULTING FEES 7,603 17,320059,75021,220 (64)23239,000 3,900
<br />TELEPHONE 2,919 8,7512,833 9,5008,550 (10)(2)38,000 (200)
<br />ADVERTISING 1,003 4,0329705,0003,405 (32)(16)20,000 (627)
<br />DUES & SUBSCRIPTIONS - FEES 8,499 23,09115,022 38,00239,553 4 71152,009 16,462
<br />SCHOOLS & MEETINGS 13,137 55,39520,168 73,00052,631 (28)(5)292,333 (2,763)
<br />MTCE OF GENERAL PLANT & OFFI 845 2,5358652,7502,595 (6)211,000 60
<br />329,236 1,221,714 1,306,457 333,648 1,121,041(6)9Total For Administrative Expense:4,783,849 100,673
<br /> General Expense
<br />CIP REBATES - RESIDENTIAL 6,140 19,6106,400 22,68922,053 (3)1290,758 2,443
<br />CIP REBATES - COMMERCIAL 16,580 16,5802,364 27,9994,329 (85)(74)112,000 (12,251)
<br />CIP - ADMINISTRATION 16,848 36,84813,284 45,74134,624 (24)(6)182,965 (2,223)
<br />CIP - MARKETING 3,005 8,6323,568 12,80814,263 11 6551,235 5,630
<br />CIP - LABOR 7,699 26,7228,898 33,45526,445 (21)(1)133,822 (277)
<br />CIP REBATES - LOW INCOME 0 004,6800 (100)018,720 0
<br />CIP - LOW INCOME LABOR 780 2,3678722,4992,580 3 910,000 212
<br />ENVIRONMENTAL COMPLIANCE 2,547 7,6292,384 8,7507,142 (18)35,000 (487)
<br />MISC GENERAL EXPENSE (295)(320)76 1,325(126)(110)
<br />(6)
<br />615,300 194
<br />37,849 111,311 159,949 53,306 118,071(30)(6)Total For General Expense:639,800 (6,759)
<br />Total Expenses(before Operating Transfers)
<br />3,135,035 9,512,0403,111,618 10,268,0719,537,140 (7)044,133,298 25,100
<br />Operating Transfer
<br /> Operating Transfer/Other Funds
<br />TRANSFER TO CITY ELK RIVER R 112,957 347,973118,061 376,120367,385 (2)61,643,429 19,412
<br />118,061 367,385 376,120 112,957 347,973(2)6Total For Operating Transfer/Other Funds:1,643,429 19,412
<br /> Utilities & Labor Donated
<br />UTILITIES & LABOR DONATED TO 17,797 55,26519,786 66,24958,828 (11)6265,000 3,563
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