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Electric
<br />Revenue
<br />Operating Revenue
<br />Elk River
<br />Otsego
<br />Rural Big Lake
<br />Dayton
<br />Public St & Hwy Lighting
<br />Other Electric Sales
<br />Total Operating Revenue
<br />Other Operating Revenue
<br />hrterest/Dividend Income
<br />Customer Penalties
<br />Connection Fees
<br />Misc Revenue
<br />Total Other Revenue
<br />Total Revenue
<br />Expenses
<br />Purchased Power
<br />Operating & Mtce Expense
<br />Transmission Expense
<br />Distribution Expense
<br />Maintenance Expense
<br />Depreciation & Amortization
<br />Interest Expense
<br />Other Operating Expense
<br />Customer Accounts Expense
<br />Administrative Expense
<br />General Expense
<br />Total Expenses(before Operating Transfers)
<br />Operating Transfer
<br />Operating Transfer/Other Funds
<br />Utilities & Labor Donated
<br />Total Operating Transfer
<br />Net Income ProfR(Loss)
<br />ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET
<br />POSITION
<br />FOR PERIOD ENDING
<br />JUNE 2025
<br />2025
<br />2025
<br />2025
<br />YTD 2025 YTD
<br />2025
<br />2024
<br />2024
<br />YTD
<br />2024v. Variance
<br />JUNE
<br />YTD
<br />YTD
<br />Budget Bud Var%
<br />ANNUAL
<br />JUNE
<br />YTD
<br />VARIANCE
<br />2025 Actual Item
<br />BUDGET
<br />Variance
<br />BUDGET
<br />Var%
<br />3,633,233
<br />18,831,321
<br />18,848,514
<br />(17,192)
<br />(0)
<br />41,085,728
<br />3,311,783
<br />17,571,359
<br />1,259,962
<br />7
<br />355,161
<br />1,946,957
<br />1,843,896
<br />103,061
<br />6
<br />4,073,730
<br />314,597
<br />1,743,931
<br />203,026
<br />12
<br />16,245
<br />104,419
<br />109,296
<br />(4,878)
<br />(4)
<br />231,863
<br />15,177
<br />98,097
<br />6,322
<br />6
<br />20,814
<br />132,075
<br />130,035
<br />2,040
<br />2
<br />281,987
<br />18,562
<br />117,481
<br />14,594
<br />12
<br />23,883
<br />141,303
<br />130,500
<br />10,803
<br />8
<br />261,000
<br />21,725
<br />130,317
<br />10,986
<br />8
<br />400
<br />2,400
<br />2,400
<br />0
<br />0
<br />4,800
<br />400
<br />2,400
<br />0
<br />0
<br />4,049,736
<br />21,158,474
<br />21,064,641
<br />93,833
<br />0
<br />45,939,108
<br />3,682,244
<br />19,663,585
<br />1,494,890
<br />8
<br />52,471.
<br />234,850
<br />175,000
<br />350,000
<br />34,275
<br />101,878
<br />132,9�(1)
<br />19,399
<br />129,519
<br />142,500
<br />(12,981)
<br />(9)
<br />285,000
<br />17,799
<br />120,058
<br />9,461
<br />8
<br />60,028
<br />124,921
<br />75,000
<br />150,000
<br />20,425
<br />150,851
<br />(25,930)�(2)
<br />110,644
<br />849,249
<br />473,750
<br />972,500
<br />64,983
<br />765,624
<br />83,626
<br />11 (3)
<br />242,542
<br />1,338,540
<br />866,250
<br />472,290
<br />55
<br />1,757,500
<br />137,482
<br />1,138,410
<br />200,130
<br />18
<br />4,292,278
<br />22,497,014
<br />21,930,891
<br />566,123
<br />3
<br />47,696,608
<br />3,819,727
<br />20,801,995
<br />1,695,020
<br />8
<br />3,143,850
<br />14,131,972
<br />13,892,220
<br />239,752
<br />2
<br />30,599,628
<br />2,756,342
<br />13,416,219
<br />715,753
<br />5
<br />19,714
<br />156,507
<br />181,100
<br />(24,593)
<br />(14)
<br />341,000
<br />16,177
<br />137,999
<br />18,508
<br />13
<br />3,203
<br />17,327
<br />38,000
<br />(20,673)
<br />(54)
<br />76,000
<br />5,034
<br />30,508
<br />(13,181)
<br />(43)
<br />33,117
<br />275,080
<br />260,750
<br />14,330
<br />5
<br />521,500
<br />26,403
<br />248,125
<br />26,955
<br />11
<br />125,647
<br />925,055
<br />1,142,250
<br />2,144,500
<br />153,321
<br />1,024,027
<br />(98,972)
<br />(10) (4)
<br />288,032
<br />1,726,360
<br />1,669,776
<br />56,584
<br />3
<br />3,339,552
<br />275,101
<br />1,651,074
<br />75,285
<br />5
<br />61,983
<br />373,172
<br />373,172
<br />0
<br />0
<br />735,069
<br />65,175
<br />392,285
<br />(19,112)
<br />(5)
<br />4,358
<br />44,352
<br />31,700
<br />12,652
<br />40
<br />482,400
<br />5,020
<br />33,924
<br />10,427
<br />31
<br />33,208
<br />204,722
<br />235,000
<br />(30,278)
<br />(13)
<br />470,000
<br />35,888
<br />205,846
<br />(1,123)
<br />(1)
<br />344,844
<br />2,267,724
<br />2,454,251
<br />(186,527)
<br />(8)
<br />4,783,849
<br />302,345
<br />2,053,887
<br />213,837
<br />10
<br />105,439
<br />282,133
<br />319,900
<br />(37,767)
<br />(12)
<br />639,800
<br />63,050
<br />266,597
<br />15,537
<br />6
<br />4,163,396
<br />20,404,404
<br />20,598,119
<br />(193,714)
<br />(1)
<br />44,133,298
<br />3,703,856
<br />19,460,492
<br />943,913
<br />5
<br />146,077 757,698 753,941 3,757 0 1,643,429 133,173 707,061 50,636 7
<br />19,698 118,365 132,500 (14,135) (11) 265,000 20,024 111,664 6,702 6
<br />165,776 876,063 886,441 (10,377) (1) 1,908,429 153,197 818,725 57,338 7
<br />(36,893) 1,216,547 446,332 770,215 173 1,654,881 (37,326) 522,778 693,769 133
<br />Item Variance of+/- $25,000 and+/- 15%
<br />(1) YTD budget variance is due to a conservative budget amount. PYTD variance is mainly due to more funds being invested with UBS and change in Fair Market Value.
<br />(2) YTD budget varance is due to a large agreement in June. PYTD varance due to large a large connection agreement in January 2024.
<br />(3) YTD budget variance is mainly due to Contributions from Customers having large SOWS for additional service and/or upgrade.
<br />(4) YTD budget variance is mainly due to less Tree Trimming expense titan budgeted and Mtce of Substation Equipment, Mtce of Primary, and Mtce of Meters timing as these are an even budget spread.
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