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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 />JULYYTDJULYYTD YTDBudget ANNUALVARIANCE
<br />Item
<br />Var%
<br />Water BUDGETVarianceBUDGET
<br />Revenue
<br />Operating Revenue
<br /> Water Sales326,2131,490,5861,513,826(23,240)(2)3,143,314284,4861,331,671158,91612
<br />326,2131,490,5861,513,826(23,240)(2)3,143,314284,4861,331,671158,91612
<br /> Total Operating Revenue
<br />Other Operating Revenue
<br /> Interest/Dividend Income6,27470,93488,083(17,150)(19)151,00017,38252,51718,41735
<br />(1)
<br /> Customer Penalties2,24116,79416,333460328,0003,45113,3243,47026
<br /> Connection Fees65,049474,344185,792288,553155318,50016,142229,042245,302107
<br />(2)
<br />97571,6159,10062,515687426,1001,1718,38863,227754
<br /> Misc Revenue
<br />(3)
<br /> Total Other Revenue 74,539633,687299,308334,378112923,60038,145303,271330,416109
<br />400,7522,124,2731,813,134311,139174,066,914322,6321,634,941489,33230
<br /> Total Revenue
<br />Expenses
<br /> Production Expense12,49175,98778,750(2,763)(4)135,00013,17977,988(2,002)(3)
<br /> Pumping Expense60,899366,538392,088(25,550)(7)672,15076,256337,53329,0059
<br /> Distribution Expense35,213291,427280,42511,0024459,66039,080213,25578,17237
<br />(4)
<br /> Depreciation & Amortization115,485807,867773,42234,44641,325,866101,013706,575101,29214
<br />2,71218,98718,9870031,4662,91220,387(1,400)(7)
<br /> Interest Expense
<br /> Other Operating Expense225(15,550)16,438(31,987)(195)60,75060842(16,392)(1,947)
<br />(5)
<br /> Customer Accounts Expense9,21858,68061,396(2,716)(4)105,2507,86554,0944,5868
<br /> Administrative Expense80,941658,359698,384(40,024)(6)1,199,70064,942564,16494,19517
<br />(6)
<br /> General Expense1781,9567,146(5,190)(73)12,250(41)1,882744
<br />317,3612,264,2512,327,034(62,783)(3)4,002,092305,2671,976,720287,53115
<br /> Total Expenses(before Operating Transfers)
<br />Operating Transfer
<br /> Utilities & Labor Donated001,167(1,167)(100)2,0000000
<br /> Total Operating Transfer001,167(1,167)(100)2,0000000
<br /> Net Income Profit(Loss)83,391(139,979)(515,067)375,0887362,82217,365(341,779)201,80159
<br />ItemVariance 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 />PYTD variance is mainly due to one large watermain repair in 2025 and AMI project (water meter repairs).
<br />(4)
<br />(5)YTD budget variance and PYTD variance is due AMI (timing).
<br />PYTD variance is mainly due to consulting (Cty Rd 44, Power Plant, Scada, Service Line Inventory), and Salaries (Comp Study change and COLA), Medical Insurance, and Sick Pay (change
<br /> in accrual).
<br />(6)
<br />50
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