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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 MAY 2025
<br />2025
<br />MAY
<br />2024
<br />MAY
<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 />ELECTRIC MAPPING 6,019 88,77311,115 64,58367,177 4 (24)155,000 (21,596)
<br />FIBER MAPPING 0 006,2500 (100)015,000 0
<br />MTCE OF OH SECONDARY 2,560 7,3052,489 9,58312,232 28 6723,000 4,926
<br />MTCE OF URD SECONDARY 4,874 19,6699,221 31,25030,894 (1)5775,000 11,224
<br />TRANSPORTATION EXPENSE 20,020 140,73422,814 135,416137,387 1 (2)325,000 (3,346)
<br />138,807 799,407 987,541 125,052 870,706(19)(8)Total For Maintenance Expense:2,144,500 (71,298)
<br /> Depreciation & Amortization
<br />DEPRECIATION 220,043 1,097,583232,827 1,113,0891,159,938 4 62,671,415 62,354
<br />AMORTIZATION 55,677 278,38955,677 278,390278,389 0 0668,136 0
<br />288,505 1,438,327 1,391,479 275,721 1,375,9733 5Total For Depreciation & Amortization:3,339,551 62,354
<br /> Interest Expense
<br />INTEREST EXPENSE - BONDS 70,163 352,05266,971 336,131336,131 0 (5)794,932 (15,920)
<br />AMORTIZATION OF DEBT DISCOU (4,988)(24,942)(4,988)(24,942)(24,942)0 0(59,863)0
<br />61,982 311,189 311,189 65,174 327,1100 (5)Total For Interest Expense:735,069 (15,920)
<br /> Other Operating Expense
<br />EV CHARGING EXPENSE 230 1,10518958394863 (14)1,400 (157)
<br />LOSS ON DISPOSITION OF PROP (C 0 4,1050018,258 0 345160,000 14,152
<br />OTHER DONATIONS 0 00833217(74)02,000 217
<br />PENSION EXPENSE 0 00000 0259,000 0
<br />INTEREST EXPENSE - METER DEP 4,815 23,6934,131 25,00020,570 (18)(13)60,000 (3,122)
<br />4,320 39,994 26,416 5,046 28,90451 38Total For Other Operating Expense:482,400 11,089
<br /> Customer Accounts Expense
<br />METER READING EXPENSE 3,900 16,2502,774 14,58314,810 2 (9)35,000 (1,440)
<br />DISCONNECT/RECONNECT EXPEN 2,203 5,126944,166160 (96)(97)10,000 (4,965)
<br />MISC CUSTOMER ACCOUNTS EXP 30,712 142,26431,227 166,666151,944 (9)7400,000 9,679
<br />BAD DEBT EXPENSE & RECOVER 152 6,31595910,4164,598 (56)(27)25,000 (1,717)
<br />35,055 171,513 195,833 36,968 169,957(12)1Total For Customer Accounts Expense:470,000 1,556
<br /> Administrative Expense
<br />SALARIES OFFICE & COMMISSION 77,450 375,13682,382 452,083406,222 (10)81,085,000 31,085
<br />TEMPORARY STAFFING 0 001,6660 (100)04,000 0
<br />OFFICE SUPPLIES 5,629 34,3559,634 56,25034,346 (39)0135,000 (8)
<br />ELECTRIC & WATER CONSUMPTI 2,278 10,5802,033 13,3339,473 (29)(10)32,000 (1,106)
<br />BANK FEES 225 1,0892101,2501,143 (9)53,000 54
<br />LEGAL FEES 979 4,8361,731 12,5006,395 (49)3230,000 1,559
<br />AUDITING FEES 1,640 7,4001,720 8,6008,600 0 1620,640 1,200
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