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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 APRIL 2025
<br />2025
<br />APRIL
<br />2024
<br />APRIL
<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 0 005,0000 (100)015,000 0
<br />MTCE OF OH SECONDARY 1,015 4,7452,412 7,6669,743 27 10523,000 4,997
<br />MTCE OF URD SECONDARY 4,806 14,7948,506 25,00021,672 (13)4675,000 6,877
<br />TRANSPORTATION EXPENSE 25,986 120,71415,167 108,333114,572 6 (5)325,000 (6,141)
<br />99,277 660,600 832,833 166,315 745,653(21)(11)Total For Maintenance Expense:2,144,500 (85,053)
<br /> Depreciation & Amortization
<br />DEPRECIATION 219,858 877,539232,509 890,471927,110 4 62,671,415 49,570
<br />AMORTIZATION 55,677 222,71155,677 222,712222,711 0 0668,136 0
<br />288,186 1,149,822 1,113,183 275,536 1,100,2513 5Total For Depreciation & Amortization:3,339,551 49,570
<br /> Interest Expense
<br />INTEREST EXPENSE - BONDS 70,163 281,88966,971 269,160269,160 0 (5)794,932 (12,729)
<br />AMORTIZATION OF DEBT DISCOU (4,988)(19,954)(4,988)(19,954)(19,954)0 0(59,863)0
<br />61,982 249,206 249,206 65,174 261,9350 (5)Total For Interest Expense:735,069 (12,729)
<br /> Other Operating Expense
<br />EV CHARGING EXPENSE 287 87418546675963 (13)1,400 (115)
<br />LOSS ON DISPOSITION OF PROP (C 0 4,1050018,258 0 345160,000 14,152
<br />OTHER DONATIONS 0 00666217(67)02,000 217
<br />PENSION EXPENSE 0 00000 0259,000 0
<br />INTEREST EXPENSE - METER DEP 4,761 18,8774,124 20,00016,438 (18)(13)60,000 (2,438)
<br />4,309 35,673 21,133 5,049 23,85769 50Total For Other Operating Expense:482,400 11,815
<br /> Customer Accounts Expense
<br />METER READING EXPENSE 3,263 12,3493,088 11,66612,035 3 (3)35,000 (314)
<br />DISCONNECT/RECONNECT EXPEN 651 2,92303,33366 (98)(98)10,000 (2,857)
<br />MISC CUSTOMER ACCOUNTS EXP 27,521 111,55230,824 133,333120,717 (9)8400,000 9,164
<br />BAD DEBT EXPENSE & RECOVER 3,305 6,1637408,3333,639 (56)(41)25,000 (2,523)
<br />34,653 136,458 156,666 34,741 132,988(13)3Total For Customer Accounts Expense:470,000 3,469
<br /> Administrative Expense
<br />SALARIES OFFICE & COMMISSION 79,764 297,68585,828 361,666323,840 (10)91,085,000 26,154
<br />TEMPORARY STAFFING 0 001,3330 (100)04,000 0
<br />OFFICE SUPPLIES 5,976 28,7255,128 45,00024,711 (45)(14)135,000 (4,013)
<br />ELECTRIC & WATER CONSUMPTI 2,138 8,3011,923 10,6667,439 (30)(10)32,000 (862)
<br />BANK FEES 419 8632341,000932 (7)83,000 68
<br />LEGAL FEES 1,526 3,8561,356 10,0004,663 (53)2130,000 806
<br />AUDITING FEES 840 5,7601,720 6,8806,880 0 1920,640 1,120
<br />INSURANCE 15,414 61,97614,853 65,00059,453 (9)(4)195,000 (2,522)
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