|
ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
<br />FOR PERIOD ENDING SEPTEMBER 2025
<br />2025
<br />SEPTEMBER
<br />2024
<br />SEPTEMBER
<br />2025
<br />YTD
<br />2024
<br />YTD
<br />2025
<br /> YTD
<br />BUDGET
<br />2025 YTD
<br />Bud Var%
<br />2024 v. 2025
<br />Actual Var%
<br /> YTD
<br />VARIANCE
<br />2025
<br /> ANNUAL
<br />BUDGETElectric
<br />ELECTRIC MAPPING 4,566 107,5898,507 116,250113,720 (2)6155,000 6,130
<br />FIBER MAPPING 0 0011,2500 (100)015,000 0
<br />MTCE OF OH SECONDARY 1,966 15,6501,239 17,25023,093 34 4823,000 7,443
<br />MTCE OF URD SECONDARY 4,698 43,4348,278 56,25065,442 16 5175,000 22,007
<br />TRANSPORTATION EXPENSE 4,749 210,21120,949 243,749200,893 (18)(4)325,000 (9,317)
<br />206,469 1,398,578 1,607,875 88,733 1,389,091(13)1Total For Maintenance Expense:2,144,500 9,486
<br /> Depreciation & Amortization
<br />DEPRECIATION 219,404 1,975,438233,646 2,003,5612,092,755 4 62,671,415 117,316
<br />AMORTIZATION 55,677 501,10155,677 501,102501,101 0 0668,136 0
<br />289,324 2,593,857 2,504,663 275,082 2,476,5404 5Total For Depreciation & Amortization:3,339,551 117,316
<br /> Interest Expense
<br />INTEREST EXPENSE - BONDS 68,246 628,87164,971 600,017600,017 0 (5)794,932 (28,854)
<br />AMORTIZATION OF DEBT DISCOU (4,988)(44,896)(4,988)(44,896)(44,896)0 0(59,863)0
<br />59,982 555,120 555,120 63,257 583,9740 (5)Total For Interest Expense:735,069 (28,854)
<br /> Other Operating Expense
<br />EV CHARGING EXPENSE 248 1,9341081,0501,378 31 (29)1,400 (556)
<br />LOSS ON DISPOSITION OF PROP (C 3,886 7,9920160,00015,758 (90)97160,000 7,766
<br />LOSS ON DISPOSITION OF PROP (N 0 00015,437 0 0015,437
<br />OTHER DONATIONS 0 001,500217 (86)02,000 217
<br />MUTUAL AID 0 27,519007,012 0 (75)0 (20,506)
<br />PENSION EXPENSE 0 00000 0259,000 0
<br />INTEREST EXPENSE - METER DEP 4,827 42,9564,232 45,00037,322 (17)(13)60,000 (5,633)
<br />4,340 77,126 207,550 8,962 80,402(63)(4)Total For Other Operating Expense:482,400 (3,275)
<br /> Customer Accounts Expense
<br />METER READING EXPENSE 4,507 35,2342,585 26,25024,894 (5)(29)35,000 (10,339)
<br />DISCONNECT/RECONNECT EXPEN 1,679 11,74307,499658 (91)(94)10,000 (11,085)
<br />MISC CUSTOMER ACCOUNTS EXP 33,545 264,75234,086 299,999280,098 (7)6400,000 15,346
<br />BAD DEBT EXPENSE & RECOVER 888 12,7369718,7497,446 (60)(42)25,000 (5,290)
<br />36,769 313,098 352,499 40,622 324,467(11)(4)Total For Customer Accounts Expense:470,000 (11,368)
<br /> Administrative Expense
<br />SALARIES OFFICE & COMMISSION 77,832 666,13288,582 813,750734,745 (10)101,085,000 68,612
<br />TEMPORARY STAFFING 0 002,9990 (100)04,000 0
<br />OFFICE SUPPLIES 5,229 66,5057,900 101,25088,214 (13)33135,000 21,708
<br />ELECTRIC & WATER CONSUMPTI 2,480 20,9962,422 24,00019,140 (20)(9)32,000 (1,855)
<br />BANK FEES 207 2,0282192,2502,068 (8)23,000 40
<br />74
|