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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 />BUDGETWater
<br />2,712 13,562 13,562 2,912 14,5620 (7)Total For Interest Expense:31,466 (1,000)
<br /> Other Operating Expense
<br />LOSS ON DISPOSITION OF PROP (C 0 00000 016,000 0
<br />LOSS ON DISPOSITION OF PROP (N 0 0(16,271)0(16,271)0 00(16,271)
<br />DAM MAINTENANCE EXPENSE 19 1900300 63011
<br />PENSION EXPENSE 0 00000 044,000 0
<br />INTEREST EXPENSE - METER DEP 60 54352312260(17)(52)750 (283)
<br />(16,219)(15,980)312 79 563(5,206)(2,939)Total For Other Operating Expense:60,750 (16,543)
<br /> Customer Accounts Expense
<br />METER READING EXPENSE 581 1,2345562,9162,799 (4)1277,000 1,564
<br />MISC CUSTOMER ACCOUNTS EXP 8,026 36,7178,005 40,83338,629 (5)598,000 1,911
<br />BAD DEBT EXPENSE & RECOVER 0 001040(100)02500
<br />8,561 41,428 43,854 8,608 37,952(6)9Total For Customer Accounts Expense:105,250 3,476
<br /> Administrative Expense
<br />SALARIES OFFICE & COMMISSION 22,194 109,41825,267 120,000124,355 4 14288,000 14,936
<br />TEMPORARY STAFFING 0 004160(100)01,000 0
<br />OFFICE SUPPLIES 1,282 7,3101,363 12,5008,602 (31)1830,000 1,291
<br />ELECTRIC & WATER CONSUMPTI 569 2,6465082,9162,369 (19)(10)7,000 (276)
<br />BANK FEES 62 284522912910 37007
<br />LEGAL FEES 244 1,1799,233 2,08310,398 399 7815,000 9,218
<br />AUDITING FEES 410 2,3964302,7912,696 (3)136,700 299
<br />INSURANCE 3,460 17,3813,480 18,33317,422 (5)044,000 41
<br />UTILITY SHARE - DEFERRED COM 1,775 11,2851,796 10,04111,989 19 624,100 703
<br />UTILITY SHARE - MEDICAL/DENT 14,704 98,76417,273 125,537109,632 (13)11269,977 10,867
<br />UTILITY SHARE - PERA 6,222 25,1915,621 28,54127,642 (3)1068,500 2,451
<br />UTILITY SHARE - FICA 6,216 24,5695,303 27,50027,005 (2)1066,000 2,435
<br />EMPLOYEE SICK PAY 1,873 10,8563,033 14,58319,681 35 8135,000 8,824
<br />EMPLOYEE HOLIDAY PAY 2,875 10,2773,425 13,84112,838 (7)2541,525 2,561
<br />EMPLOYEE VACATION & PTO PA 3,941 27,0504,410 31,63631,288 (1)1666,000 4,237
<br />UPMIC DISTRIBUTION 0 5,83404,6253,642 (21)(38)18,500 (2,191)
<br />WELLHEAD PROTECTION 0 008500(100)02,000 0
<br />LONGEVITY PAY 420 4200156155(1)(63)2,130 (265)
<br />CONSULTING FEES 1,314 7,9965,757 23,91626,422 10 23057,400 18,426
<br />TELEPHONE 649 3,4257223,1253,338 7 (3)7,500 (86)
<br />ADVERTISING 404 1,7263,971 2,0835,454 162 2165,000 3,72767
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