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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 />BUDGETWater
<br />2,712 8,137 8,137 2,912 8,7370 (7)Total For Interest Expense:31,466 (600)
<br /> Other Operating Expense
<br />LOSS ON DISPOSITION OF PROP (C 0 00000 016,000 0
<br />DAM MAINTENANCE EXPENSE 0 000300 0030
<br />PENSION EXPENSE 0 00000 044,000 0
<br />INTEREST EXPENSE - METER DEP 120 36252187156(17)(57)750 (206)
<br />52 186 187 120 362(1)(48)Total For Other Operating Expense:60,750 (175)
<br /> Customer Accounts Expense
<br />METER READING EXPENSE 137 4825561,7491,664 (5)2457,000 1,182
<br />MISC CUSTOMER ACCOUNTS EXP 7,462 21,6247,581 24,50022,881 (7)698,000 1,256
<br />BAD DEBT EXPENSE & RECOVER 0 00620(100)02500
<br />8,138 24,546 26,312 7,600 22,106(7)11Total For Customer Accounts Expense:105,250 2,439
<br /> Administrative Expense
<br />SALARIES OFFICE & COMMISSION 20,666 63,83923,451 72,00070,162 (3)10288,000 6,322
<br />TEMPORARY STAFFING 0 002490(100)01,000 0
<br />OFFICE SUPPLIES 1,321 4,6522,434 7,5005,853 (22)2630,000 1,201
<br />ELECTRIC & WATER CONSUMPTI 505 1,5414491,7491,379 (21)(11)7,000 (161)
<br />BANK FEES 31 117501741803 5470063
<br />LEGAL FEES 104 5533511,250826 (34)495,000 273
<br />AUDITING FEES 410 1,2309761,6741,836 10 496,700 606
<br />INSURANCE 3,460 10,4603,487 11,00010,462 (5)044,000 1
<br />UTILITY SHARE - DEFERRED COM 3,000 7,3682,308 6,0247,968 32 824,100 599
<br />UTILITY SHARE - MEDICAL/DENT 14,703 69,35516,978 84,26875,381 (11)9269,977 6,026
<br />UTILITY SHARE - PERA 4,620 14,1444,856 17,12415,204 (11)868,500 1,060
<br />UTILITY SHARE - FICA 4,389 13,6944,681 16,50014,604 (11)766,000 910
<br />EMPLOYEE SICK PAY 3,060 6,9662,814 8,75013,665 56 9635,000 6,699
<br />EMPLOYEE HOLIDAY PAY 0 7,401010,3819,413 (9)2741,525 2,011
<br />EMPLOYEE VACATION & PTO PA 5,563 19,6294,104 21,81822,356 2 1466,000 2,726
<br />UPMIC DISTRIBUTION 5,834 5,8343,642 4,6253,642 (21)(38)18,500 (2,191)
<br />WELLHEAD PROTECTION 0 005100(100)02,000 0
<br />LONGEVITY PAY 0 07778770 02,130 77
<br />CONSULTING FEES 1,900 4,4756,712 14,34916,272 13 26457,400 11,797
<br />TELEPHONE 709 2,1276381,8751,913 2 (10)7,500 (213)
<br />ADVERTISING 172 9302421,2501,211 (3)305,000 281
<br />DUES & SUBSCRIPTIONS - FEES 1,366 17,5632,060 21,46120,617 (4)1789,961 3,05392
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