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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 JUNE 2025
<br />2025
<br />2025
<br />2025
<br />2025
<br />YTD
<br />ANNUAL
<br />2025 YTD
<br />2024
<br />2024
<br />YTD
<br />2024 v. 2025
<br />Electric
<br />DUNE
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />DUNE
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />ELECTRIC MAPPING
<br />14,450
<br />81,627
<br />77,500
<br />155,000
<br />5
<br />4,040
<br />92,814
<br />(11,186)
<br />(12)
<br />FIBER MAPPING
<br />0
<br />0
<br />7,500
<br />15,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />MTCE OF OH SECONDARY
<br />3,217
<br />15,450
<br />11,500
<br />23,000
<br />34
<br />1,857
<br />9,163
<br />6,286
<br />69
<br />MTCE OF URD SECONDARY
<br />9,765
<br />40,660
<br />37,500
<br />75,000
<br />8
<br />3,140
<br />22,810
<br />17,850
<br />78
<br />TRANSPORTATION EXPENSE
<br />22,042
<br />159,430
<br />162,499
<br />325,000
<br />(2)
<br />29,372
<br />170,107
<br />(10,677)
<br />(6)
<br />Total For Maintenance Expense:
<br />125,647
<br />925,055
<br />1,142,250
<br />2,144,500
<br />(19)
<br />153,321
<br />1,024,027
<br />(98,972)
<br />(10)
<br />Depreciation & Amortization
<br />DEPRECIATION
<br />232,353
<br />1,392,292
<br />1,335,707
<br />2,671,415
<br />4
<br />219,423
<br />1,317,006
<br />75,285
<br />6
<br />AMORTIZATION
<br />55,677
<br />334,067
<br />334,068
<br />668,136
<br />0
<br />55,677
<br />334,067
<br />0
<br />0
<br />Total For Depreciation & Amortization:
<br />288,031
<br />1,726,359
<br />1,669,775
<br />3,339,551
<br />3
<br />275,101
<br />1,651,074
<br />75,285
<br />5
<br />Interest Expense
<br />INTEREST EXPENSE -BONDS
<br />66,971
<br />403,103
<br />403,103
<br />794,932
<br />0
<br />70,163
<br />422,215
<br />(19,112)
<br />(5)
<br />AMORTIZATION OF DEBT DISCOU
<br />(4,988)
<br />(29,931)
<br />(29,931)
<br />(59,863)
<br />0
<br />(4,988)
<br />(29,931)
<br />0
<br />0
<br />Total For Interest Expense:
<br />61,982
<br />373,172
<br />373,171
<br />735,069
<br />0
<br />65,174
<br />392,284
<br />(19,112)
<br />(5)
<br />Other Operating Expense
<br />EV CHARGING EXPENSE
<br />107
<br />1,055
<br />700
<br />1,400
<br />51
<br />218
<br />1,324
<br />(268)
<br />(20)
<br />LOSS ON DISPOSITION OF PROP (C
<br />0
<br />18,258
<br />0
<br />160,000
<br />0
<br />0
<br />4,105
<br />14,152
<br />345
<br />OTHER DONATIONS
<br />105
<br />322
<br />1,000
<br />2,000
<br />(68)
<br />0
<br />0
<br />322
<br />0
<br />PENSION EXPENSE
<br />0
<br />0
<br />0
<br />259,000
<br />0
<br />0
<br />0
<br />0
<br />0
<br />INTEREST EXPENSE - METER DEP
<br />4,144
<br />24,714
<br />30,000
<br />60,000
<br />(18)
<br />4,801
<br />28,494
<br />(3,779)
<br />(13)
<br />Total For Other Operating Expense:
<br />4,357
<br />44,351
<br />31,700
<br />482,400
<br />40
<br />5,020
<br />33,924
<br />10,427
<br />31
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />3,158
<br />17,968
<br />17,500
<br />35,000
<br />3
<br />4,461
<br />20,712
<br />(2,743)
<br />(13)
<br />DISCONNECURECONNECT EXPEN
<br />88
<br />249
<br />4,999
<br />10,000
<br />(95)
<br />1,463
<br />6,589
<br />(6,339)
<br />(96)
<br />MISC CUSTOMER ACCOUNTS EXP
<br />29,730
<br />181,674
<br />199,999
<br />400,000
<br />(9)
<br />29,708
<br />171,973
<br />9,701
<br />6
<br />BAD DEBT EXPENSE & RECOVER
<br />230
<br />4,829
<br />12,499
<br />25,000
<br />(61)
<br />254
<br />6,569
<br />(1,740)
<br />(26)
<br />Total For Customer Accounts Expense:
<br />33,208
<br />204,722
<br />234,999
<br />470,000
<br />(13)
<br />35,888
<br />205,845
<br />(1,123)
<br />(1)
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />76,550
<br />482,772
<br />542,500
<br />1,085,000
<br />(11)
<br />65,984
<br />441,120
<br />41,651
<br />9
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />1,999
<br />4,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />16,309
<br />50,656
<br />67,500
<br />135,000
<br />(25)
<br />13,551
<br />47,906
<br />2,749
<br />6
<br />ELECTRIC & WATER CONSUMPTI
<br />2,214
<br />11,687
<br />16,000
<br />32,000
<br />(27)
<br />2,429
<br />13,009
<br />(1,322)
<br />(10)
<br />BANK FEES
<br />204
<br />1,348
<br />1,500
<br />3,000
<br />(10)
<br />206
<br />1,295
<br />52
<br />4
<br />LEGAL FEES
<br />1,376
<br />7,771
<br />15,000
<br />30,000
<br />(48)
<br />2,631
<br />7,467
<br />303
<br />4
<br />AUDITING FEES
<br />1,720
<br />10,320
<br />10,320
<br />20,640
<br />0
<br />1,640
<br />9,040
<br />1,280
<br />14
<br />78
<br />
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