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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 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 />BUDGETWater <br />Revenue <br />Operating Revenue <br /> Water Sales <br />WATER SALES RESIDENTIAL 171,174 1,150,332187,668 1,418,8851,287,839 (9)121,768,457 137,506 <br />WATER SALES COMMERCIAL 106,794 716,716118,695 782,027764,422 (2)71,024,735 47,705 <br />WATER SALES IRRIGATION 54,252 209,56663,914 279,979240,782 (14)15350,120 31,215 <br />370,278 2,293,044 2,480,891 332,220 2,076,615(8)10Total For Water Sales:3,143,313 216,428 <br /> Total Operating Revenue <br />332,220 2,076,615370,278 2,480,8912,293,044 (8)103,143,313 216,428 <br />370,278 2,293,044 2,480,891 332,220 2,076,615(8)10Total For Total Operating Revenue:3,143,313 216,428 <br />Other Operating Revenue <br /> Interest/Dividend Income <br />INTEREST & DIVIDEND INCOME 12,724 84,0209,385 112,50097,027 (14)15150,000 13,006 <br />OTHER INTEREST/MISC REVENUE 0 5580749566(24)11,000 8 <br />9,385 97,594 113,249 12,724 84,578(14)15Total For Interest/Dividend Income:151,000 13,015 <br /> Customer Penalties <br />CUSTOMER PENALTIES 2,979 18,2292,764 20,99925,864 23 4228,000 7,635 <br />2,764 25,864 20,999 2,979 18,22923 42Total For Customer Penalties:28,000 7,635 <br /> Connection Fees <br />WATER/ACCESS/CONNECTION FE 47,979 363,26494,470 191,250571,412 199 57255,000 208,148 <br />CUSTOMER CONNECTION FEES 4,044 25,6066,417 24,37450,858 109 9932,500 25,251 <br />BULK WATER SALES/HYDRANT R 3,946 16,7102,084 23,24914,013 (40)(16)31,000 (2,697) <br />102,971 636,284 238,874 55,969 405,581166 57Total For Connection Fees:318,500 230,702 <br /> Misc Revenue <br />MISC NON-UTILITY 25 753074340355 349100264 <br />GAIN ON DISPOSITION OF PROPER 0 008,0000 (100)08,000 0 <br />MISCELLANEOUS REVENUE 0 71641,308 37562,500 16,567 8,61750061,783 <br />HYDRANT MAINTENANCE PROGR 975 9,60097511,2508,775 (22)(9)15,000 (825) <br />CONTRIBUTIONS FROM DEVELOP 0 00044,590 0 0044,590 <br />WATER TOWER LEASE 0 00000 0327,500 0 <br />LEASE INTEREST REVENUE 0 00000 075,000 0 <br />42,313 116,205 19,700 1,000 10,393490 1,018Total For Misc Revenue:426,100 105,812 <br /> Total Other Revenue <br />72,675 518,783157,435 392,824875,948 123 69923,600 357,164 <br />157,435 875,948 392,824 72,675 518,783123 69Total For Total Other Revenue:923,600 357,164 <br />77