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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 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 />AMORTIZATION OF DEBT DISCOU
<br />(554)
<br />(3,325)
<br />(3,325)
<br />(6,651)
<br />0
<br />(554)
<br />(3,325)
<br />0
<br />0
<br />Total For Interest Expense:
<br />2,712
<br />16,274
<br />16,274
<br />31,466
<br />0
<br />2,912
<br />17,474
<br />(1,200)
<br />(7)
<br />Other Operating Expense
<br />LOSS ON DISPOSITION OF PROP (C
<br />0
<br />0
<br />16,000
<br />16,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />LOSS ON DISPOSITION OF PROP (N
<br />0
<br />(16,271)
<br />0
<br />0
<br />0
<br />0
<br />0
<br />(16,271)
<br />0
<br />DAM MAINTENANCE EXPENSE
<br />154
<br />184
<br />0
<br />0
<br />0
<br />158
<br />177
<br />7
<br />5
<br />PENSION EXPENSE
<br />0
<br />0
<br />0
<br />44,000
<br />0
<br />0
<br />0
<br />0
<br />0
<br />INTEREST EXPENSE - METER DEP
<br />51
<br />312
<br />375
<br />750
<br />(17)
<br />60
<br />604
<br />(292)
<br />(48)
<br />Total For Other Operating Expense:
<br />206
<br />(15,774)
<br />16,375
<br />60,750
<br />(196)
<br />218
<br />781
<br />(16,556)
<br />(2,117)
<br />Customer Accounts Expense
<br />METER READING EXPENSE
<br />569
<br />3,368
<br />3,499
<br />7,000
<br />(4)
<br />610
<br />1,845
<br />1,523
<br />83
<br />MISC CUSTOMER ACCOUNTS EXP
<br />7,464
<br />46,093
<br />49,000
<br />98,000
<br />(6)
<br />7,666
<br />44,383
<br />1,709
<br />4
<br />BAD DEBT EXPENSE & RECOVER
<br />0
<br />0
<br />124
<br />250
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />Total For Customer Accounts Expense:
<br />8,033
<br />49,462
<br />52,624
<br />105,250
<br />(6)
<br />8,277
<br />46,229
<br />3,232
<br />7
<br />Administrative Expense
<br />SALARIES OFFICE & COMMISSION
<br />22,394
<br />146,750
<br />144,000
<br />288,000
<br />2
<br />19,396
<br />128,814
<br />17,935
<br />14
<br />TEMPORARY STAFFING
<br />0
<br />0
<br />499
<br />1,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />OFFICE SUPPLIES
<br />3,459
<br />12,061
<br />15,000
<br />30,000
<br />(20)
<br />3,074
<br />10,384
<br />1,677
<br />16
<br />ELECTRIC & WATER CONSUMPTI
<br />553
<br />2,923
<br />3,499
<br />7,000
<br />(16)
<br />607
<br />3,253
<br />(330)
<br />(10)
<br />BANK FEES
<br />50
<br />342
<br />349
<br />700
<br />(2)
<br />51
<br />336
<br />6
<br />2
<br />LEGAL FEES
<br />344
<br />10,743
<br />2,500
<br />5,000
<br />330
<br />657
<br />1,837
<br />8,905
<br />484
<br />AUDITING FEES
<br />430
<br />3,126
<br />3,349
<br />6,700
<br />(7)
<br />410
<br />2,806
<br />319
<br />11
<br />INSURANCE
<br />3,480
<br />20,903
<br />22,000
<br />44,000
<br />(5)
<br />3,460
<br />20,842
<br />61
<br />0
<br />UTILITY SHARE - DEFERRED COM
<br />1,293
<br />13,282
<br />12,049
<br />24,100
<br />10
<br />1,340
<br />12,625
<br />656
<br />5
<br />UTILITY SHARE - MEDICAL/DENT
<br />17,442
<br />127,075
<br />146,171
<br />269,977
<br />(13)
<br />14,704
<br />113,468
<br />13,606
<br />12
<br />UTILITY SHARE - PERA
<br />5,323
<br />32,966
<br />34,249
<br />68,500
<br />(4)
<br />4,323
<br />29,514
<br />3,452
<br />12
<br />UTILITY SHARE - FICA
<br />5,412
<br />32,417
<br />33,000
<br />66,000
<br />(2)
<br />4,416
<br />28,985
<br />3,431
<br />12
<br />EMPLOYEE SICK PAY
<br />2,984
<br />22,665
<br />17,500
<br />35,000
<br />30
<br />1,604
<br />12,460
<br />10,205
<br />82
<br />EMPLOYEE HOLIDAY PAY
<br />3,283
<br />16,122
<br />17,302
<br />41,525
<br />(7)
<br />2,876
<br />13,153
<br />2,969
<br />23
<br />EMPLOYEE VACATION & PTO PA
<br />4,738
<br />36,026
<br />36,545
<br />66,000
<br />(1)
<br />4,015
<br />31,066
<br />4,960
<br />16
<br />UPMICDISTRI13UTION
<br />4,862
<br />8,505
<br />9,250
<br />18,500
<br />(8)
<br />3,918
<br />9,752
<br />(1,247)
<br />(13)
<br />WELLHEAD PROTECTION
<br />0
<br />0
<br />1,020
<br />2,000
<br />(100)
<br />0
<br />0
<br />0
<br />0
<br />LONGEVITY PAY
<br />0
<br />155
<br />156
<br />2,130
<br />(1)
<br />0
<br />420
<br />(265)
<br />(63)
<br />CONSULTING FEES
<br />2,634
<br />29,056
<br />28,699
<br />57,400
<br />1
<br />0
<br />7,996
<br />21,060
<br />263
<br />TELEPHONE
<br />717
<br />4,056
<br />3,750
<br />7,500
<br />8
<br />644
<br />4,069
<br />(13)
<br />0
<br />83
<br />
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