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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 />BUDGETWater
<br />2,712 10,849 10,849 2,912 11,6490 (7)Total For Interest Expense:31,466 (800)
<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 48352250208(17)(57)750 (275)
<br />52 238 250 120 483(4)(51)Total For Other Operating Expense:60,750 (244)
<br /> Customer Accounts Expense
<br />METER READING EXPENSE 171 6535772,3332,242 (4)2437,000 1,589
<br />MISC CUSTOMER ACCOUNTS EXP 7,066 28,6907,742 32,66630,623 (6)798,000 1,933
<br />BAD DEBT EXPENSE & RECOVER 0 00830(100)02500
<br />8,320 32,866 35,083 7,237 29,344(6)12Total For Customer Accounts Expense:105,250 3,522
<br /> Administrative Expense
<br />SALARIES OFFICE & COMMISSION 23,384 87,22328,925 96,00099,087 3 14288,000 11,863
<br />TEMPORARY STAFFING 0 003330(100)01,000 0
<br />OFFICE SUPPLIES 1,375 6,0281,384 10,0007,238 (28)2030,000 1,210
<br />ELECTRIC & WATER CONSUMPTI 534 2,0764812,3331,860 (20)(10)7,000 (215)
<br />BANK FEES 104 221582332383 870017
<br />LEGAL FEES 381 9353391,6661,165 (30)255,000 230
<br />AUDITING FEES 756 1,9864302,2332,266 1 146,700 279
<br />INSURANCE 3,460 13,9213,480 14,66613,942 (5)044,000 21
<br />UTILITY SHARE - DEFERRED COM 2,141 9,5092,225 8,03310,193 27 724,100 683
<br />UTILITY SHARE - MEDICAL/DENT 14,703 84,05916,977 104,90292,358 (12)10269,977 8,299
<br />UTILITY SHARE - PERA 4,824 18,9686,816 22,83322,021 (4)1668,500 3,052
<br />UTILITY SHARE - FICA 4,659 18,3537,097 22,00021,702 (1)1866,000 3,348
<br />EMPLOYEE SICK PAY 2,016 8,9832,982 11,66616,647 43 8535,000 7,664
<br />EMPLOYEE HOLIDAY PAY 0 7,401010,3819,413 (9)2741,525 2,011
<br />EMPLOYEE VACATION & PTO PA 3,479 23,1094,520 26,72726,877 1 1666,000 3,768
<br />UPMIC DISTRIBUTION 0 5,83404,6253,642 (21)(38)18,500 (2,191)
<br />WELLHEAD PROTECTION 0 006800(100)02,000 0
<br />LONGEVITY PAY 0 077156155(1)02,130 155
<br />CONSULTING FEES 2,207 6,6824,392 19,13320,665 8 20957,400 13,983
<br />TELEPHONE 648 2,7757022,5002,615 5 (6)7,500 (159)
<br />ADVERTISING 392 1,3222711,6661,483 (11)125,000 160
<br />DUES & SUBSCRIPTIONS - FEES 3,381 20,9441,790 25,46122,407 (12)789,961 1,462163
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