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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 JULY 2025
<br />202520252025YTD 20252025 YTD 20242024 YTD2024 v.
<br />Variance
<br />Bud Var%2025 Actual
<br />JULYYTDJULY YTDBudget ANNUALYTDVARIANCE
<br />Item
<br />Var%
<br />Electric BUDGETVarianceBUDGET
<br />Revenue
<br />Operating Revenue
<br /> Elk River3,763,57922,594,90022,479,728115,172141,085,7283,286,96520,858,3251,736,5758
<br /> Otsego382,2022,329,1592,210,112119,04754,073,730338,8942,082,825246,33312
<br /> Rural Big Lake18,245122,663128,233(5,569)(4)231,86316,360114,4578,2067
<br /> Dayton23,774155,848154,1581,6911281,98721,208138,68917,16012
<br /> Public St & Hwy Lighting23,900165,202152,25012,9529261,00021,710152,02713,1769
<br /> Other Electric Sales4002,8002,800004,8004002,80000
<br /> Total Operating Revenue 4,212,09825,370,57225,127,280243,292145,939,1083,685,53823,349,1222,021,4509
<br />Other Operating Revenue
<br /> Interest/Dividend Income18,521253,371204,16749,20424350,00061,555163,43389,93855(1)
<br /> Customer Penalties28,142157,662166,250(8,588)(5)285,00031,208151,2666,3954
<br /> Connection Fees24,875149,79687,50062,29671150,00072,806223,657(73,861)(33)(2)
<br /> Misc Revenue173,2991,022,548551,875470,67385972,500122,278887,901134,64615(3)
<br /> Total Other Revenue 244,8371,583,3771,009,792573,585571,757,500287,8481,426,257157,11911
<br />4,456,93526,953,94926,137,072816,877347,696,6083,973,38524,775,3802,178,5699
<br /> Total Revenue
<br />Expenses
<br /> Purchased Power3,536,85617,668,82816,943,190725,638430,599,6283,234,95016,651,1681,017,6606
<br /> Operating & Mtce Expense21,538178,045204,417(26,372)(13)341,00019,023157,02221,02313
<br /> Transmission Expense3,55820,88544,333(23,448)(53)76,0004,32434,832(13,947)(40)
<br /> Distribution Expense40,776315,856304,20811,6484521,50035,410283,53532,32111
<br /> Maintenance Expense124,7111,049,7661,297,458(247,692)(19)2,144,500128,7581,152,785(103,019)(9)(4)
<br /> Depreciation & Amortization289,0782,015,4381,948,07267,36633,339,552275,0481,926,12389,3155
<br /> Interest Expense61,983435,155435,15500735,06965,175457,459(22,304)(5)
<br /> Other Operating Expense24,14468,49536,98331,51285482,4008,32942,25326,24262(5)
<br /> Customer Accounts Expense37,454242,176274,167(31,990)(12)470,00036,660242,505(329)(0)
<br /> Administrative Expense324,3732,592,0972,823,150(231,053)(8)4,783,849289,2362,343,123248,97311
<br /> General Expense77,338359,472373,217(13,745)(4)639,80039,434306,03053,44117(6)
<br />4,541,80824,946,21224,684,349261,863144,133,2984,136,34423,596,8361,349,3776
<br /> Total Expenses(before Operating Transfers)
<br />Operating Transfer
<br /> Operating Transfer/Other Funds151,292908,989899,1899,80011,643,429132,179839,24169,7498
<br /> Utilities & Labor Donated
<br />20,514138,879154,583(15,704)(10)265,00019,009130,6738,2066
<br /> Total Operating Transfer171,8061,047,8691,053,772(5,904)(1)1,908,429151,189969,91377,9558
<br />(256,679)959,868398,951560,9171411,654,881(314,148)208,630751,238360
<br /> Net Income Profit(Loss)
<br />mVariance of +/- $25,000 and +/- 15%
<br />Ite
<br />(1)
<br />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)
<br />YTD budget variance is due to a large agreement in June. PYTD variance due to large a large connection agreement in January and July of 2024.
<br />(3)YTD budget and PYTD variance is mainly due to Contributions from Customers having large SOWs for additional service and/or upgrade and transmission investments.
<br />(4)YTD budget variance is mainly due to less Tree Trimming expense than budgeted and Mtce of Substation Equipment, Mtce of OH Primary, and Mtce of Meters timing as these are an even
<br /> budget
<br />spread.
<br />(5)YTD budget and PYTD variance is due to loss on disposition of property (disposal of assets) due to timing.
<br />(6)PYTD variance is due to CIP rebates and CIP administration costs. Timing of rebates coming in earlier in the year in 2025.
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