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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 />Water <br />DUNE <br />YTD <br />BUDGET <br />BUDGET <br />Bud Var% <br />DUNE <br />YTD <br />VARIANCE <br />Actual Var% <br />Total Revenue <br />603,074 <br />1,723,520 <br />1,300,102 <br />4,066,913 <br />33 <br />305,423 <br />1,312,309 <br />411,211 <br />31 <br />Expenses <br />Production Expense <br />MTCE OF STRUCTURES <br />8,690 <br />63,496 <br />67,500 <br />135,000 <br />(6) <br />7,964 <br />64,809 <br />(1,313) <br />(2) <br />Total For Production Expense: <br />8,690 <br />63,496 <br />67,500 <br />135,000 <br />(6) <br />7,964 <br />64,809 <br />(1,313) <br />(2) <br />Pumping Expense <br />SUPERVISION <br />6,439 <br />39,516 <br />37,999 <br />76,000 <br />4 <br />5,274 <br />34,257 <br />5,259 <br />15 <br />ELECTRIC & GAS UTILITIES <br />25,091 <br />136,520 <br />154,999 <br />310,000 <br />(12) <br />21,886 <br />119,172 <br />17,348 <br />15 <br />SAMPLING <br />1,245 <br />10,876 <br />12,075 <br />24,150 <br />(10) <br />1,038 <br />8,107 <br />2,769 <br />34 <br />CHEMICAL FEED <br />5,186 <br />22,463 <br />25,000 <br />50,000 <br />(10) <br />3,087 <br />16,184 <br />6,279 <br />39 <br />MTCE OFWELLS <br />18,152 <br />89,458 <br />100,000 <br />200,000 <br />(11) <br />13,322 <br />79,182 <br />10,276 <br />13 <br />SCADA - PUMPING <br />929 <br />6,803 <br />6,000 <br />12,000 <br />13 <br />396 <br />4,374 <br />2,429 <br />56 <br />Total For Pumping Expense: <br />57,045 <br />305,639 <br />336,075 <br />672,150 <br />(9) <br />45,005 <br />261,276 <br />44,362 <br />17 <br />Distribution Expense <br />MTCE OF WATER MAINS <br />14,311 <br />95,391 <br />87,499 <br />175,000 <br />9 <br />4,599 <br />37,881 <br />57,510 <br />152 <br />LOCATE WATER LINES <br />1,329 <br />15,543 <br />10,000 <br />20,000 <br />55 <br />1,301 <br />6,795 <br />8,747 <br />129 <br />MTCE OF WATER SERVICES <br />0 <br />0 <br />250 <br />500 <br />(100) <br />0 <br />0 <br />0 <br />0 <br />WATER METER SERVICE <br />6,443 <br />44,168 <br />34,999 <br />70,000 <br />26 <br />2,067 <br />20,979 <br />23,188 <br />111 <br />BACKFLOW DEVICE INSPECTION <br />1,703 <br />8,445 <br />11,500 <br />23,160 <br />(27) <br />2,268 <br />9,163 <br />(718) <br />(8) <br />MTCE OF CUSTOMERS SERVICE <br />2,693 <br />16,965 <br />17,500 <br />35,000 <br />(3) <br />2,551 <br />15,973 <br />991 <br />6 <br />WATER MAPPING <br />1,175 <br />16,715 <br />8,500 <br />17,000 <br />97 <br />1,111 <br />12,138 <br />4,577 <br />38 <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 WATER HYDRANTS - PU <br />910 <br />9,404 <br />10,999 <br />22,000 <br />(15) <br />2,590 <br />17,289 <br />(7,885) <br />(46) <br />MTCE OF WATER HYDRANTS - PR <br />486 <br />486 <br />3,000 <br />6,000 <br />(84) <br />2,068 <br />3,621 <br />(3,135) <br />(87) <br />WATER CLOTHING/PPE <br />971 <br />10,756 <br />7,500 <br />15,000 <br />43 <br />456 <br />9,097 <br />1,659 <br />18 <br />WAGES WATER <br />722 <br />4,422 <br />4,999 <br />10,000 <br />(12) <br />555 <br />3,829 <br />592 <br />15 <br />TRANSPORTATION EXPENSE <br />1,495 <br />13,531 <br />12,000 <br />24,000 <br />13 <br />3,637 <br />11,148 <br />2,382 <br />21 <br />WATER PERMIT <br />0 <br />20,382 <br />27,000 <br />27,000 <br />(25) <br />0 <br />26,255 <br />(5,873) <br />(22) <br />Total For Distribution Expense: <br />32,242 <br />256,213 <br />243,250 <br />459,660 <br />5 <br />23,208 <br />174,174 <br />82,039 <br />47 <br />Depreciation & Amortization <br />DEPRECIATION <br />115,131 <br />692,382 <br />662,932 <br />1,325,865 <br />4 <br />101,671 <br />605,562 <br />86,820 <br />14 <br />Total For Depreciation & Amortization: <br />115,131 <br />692,382 <br />662,932 <br />1,325,865 <br />4 <br />101,671 <br />605,562 <br />86,820 <br />14 <br />Interest Expense <br />INTEREST EXPENSE -BONDS <br />3,266 <br />19,600 <br />19,600 <br />38,117 <br />0 <br />3,466 <br />20,800 <br />(1,200) <br />(6) <br />82 <br />