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Water
<br />Revenue
<br />Operating Revenue
<br />Water Sales
<br />Total Operating Revenue
<br />Other Operating Revenue
<br />hiterest/Dividend Income
<br />Customer Penalties
<br />Connection Fees
<br />Misc Revenue
<br />Total Other Revenue
<br />Total Revenue
<br />Expenses
<br />Production Expense
<br />Pumping Expense
<br />Distribution 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 />Utilities & Labor Donated
<br />Total Operating Transfer
<br />Net Income Profit(Loss)
<br />ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
<br />FOR PERIOD ENDING JUNE 2025
<br />2025 2025 2025 YTD 2025 YTD 2025 2024
<br />2024 YTD 2024v. Variance
<br />JUNE YTD YTD Budget Bud Var% ANNUAL JUNE
<br />YTD VARIANCE 2025 Actual Item.
<br />BUDGET Variance BUDGET
<br />Var%
<br />325,738 1,164,373 1,043,553 120,820 12 3,143,314 267,693 1,047,184 117,189 11
<br />325,738 1,164,373 1,043,553 120,820 12 3,143,314 267,693 1,047,184 117,189 11
<br />13,951
<br />64,659
<br />75,500
<br />(10,841)
<br />(14)
<br />151,000
<br />9,214
<br />35,135
<br />29,524 �(1)
<br />3,305
<br />14,553
<br />14,000
<br />553
<br />4
<br />28,000
<br />1,080
<br />9,873
<br />4,680 47
<br />214,516
<br />409,296
<br />159,250
<br />250,046
<br />318,500
<br />25,940
<br />212,900
<br />196,395 (2)
<br />45,565
<br />70,640
<br />7,800
<br />62,840
<br />426,100
<br />1,496
<br />7,217
<br />63,423 (3)
<br />277,336
<br />559,148
<br />256,550
<br />302,598
<br />118
<br />923,600
<br />37,730
<br />265,125
<br />294,023 111
<br />603,074
<br />1,723,521
<br />1,300,103
<br />423,418
<br />33
<br />4,066,914
<br />305,423
<br />1,312,309
<br />411,211 31
<br />8,691
<br />63,496
<br />67,500
<br />(4,004)
<br />(6)
<br />135,000
<br />7,965
<br />64,810
<br />(1,313) (2)
<br />57,045
<br />305,639
<br />336,075
<br />(30,436)
<br />(9)
<br />672,150
<br />45,006
<br />261,277 Or
<br />44,362 (4)
<br />32,243
<br />256,214
<br />243,250
<br />12,964
<br />5
<br />459,660
<br />23,209
<br />174,175
<br />82,039 (5)
<br />115,131
<br />692,382
<br />662,933
<br />29,450
<br />4
<br />1,325,866
<br />101,672
<br />605,562
<br />86,820 14
<br />2,712
<br />16,275
<br />16,275
<br />0
<br />0
<br />31,466
<br />2,912
<br />17,475
<br />(1,200) (7)
<br />206
<br />(15,775)
<br />16,375
<br />(32,150)�
<br />60,750
<br />219
<br />782
<br />(16,556)�(6)
<br />8,034
<br />49,462
<br />52,625
<br />(3,163)
<br />(6)
<br />105,250
<br />8,277
<br />46,229
<br />3,233 7
<br />83,534
<br />577,418
<br />610,006
<br />(32,587)
<br />(5)
<br />1,199,700
<br />75,084
<br />499,222 �78,196 �(7)
<br />164
<br />1,777
<br />6,125
<br />(4,348)
<br />(71)
<br />12,250
<br />626
<br />1,923
<br />(146) (8)
<br />307,760
<br />1,946,890
<br />2,011,163
<br />(64,273)
<br />(3)
<br />4,002,092
<br />264,969
<br />1,671,454
<br />275,436 16
<br />0 0 1,000 (1,000) (100) 2,000 0 0 0 0
<br />0 0 1,000 (1,000) (100) 2,000 0 0 0 0
<br />295,315 (223,369) (712,060) 488,691 69 62,822 40,454 (359,144) 135,775 38
<br />Item Variance of+/- $15,000 and+/- 15%
<br />(1) PYTD budget variance is mainly due to more funds being invested with UBS and change in Fair Market Value.
<br />(2) YTD budget variance is due to connection fees being budgeted conservatively and PYTD variance is due to more WAC fees in 2025.
<br />(3) YTD budget variance and PYTD variance is due to Contributions from Developers and initial 3M settlement.
<br />(4) PYTD variance is mainly due to new well planning and higher electric usage in 2025.
<br />(5) PYTD variance is mainly due to two large watermain repairs in 2025 and AMI project (water meter repairs).
<br />(6) YTD budget variance and PYTD variance is due AMI (timing).
<br />(7) PYTD variance is mainly due to consulting (Cry Rd 44, Power Plant, Scada, Service Line Inventory), and Salaries (Comp Study change and COLA), Medical Insurance, and Sick Pay (change in accrual).
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