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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 />404,895 2,595,399527,713 2,873,716 Total Revenue 3,168,992 10 224,066,913 573,593 <br />Expenses <br /> Production Expense <br />MTCE OF STRUCTURES 8,791 95,5148,705 101,25094,170 (7)(1)135,000 (1,343) <br />8,705 94,170 101,250 8,791 95,514(7)(1)Total For Production Expense:135,000 (1,343) <br /> Pumping Expense <br />SUPERVISION 6,557 53,0257,292 56,99959,063 4 1176,000 6,037 <br />ELECTRIC & GAS UTILITIES 23,969 196,01626,931 232,499218,846 (6)12310,000 22,830 <br />SAMPLING 977 18,0601,887 18,11218,445 2 224,150 385 <br />CHEMICAL FEED 2,877 30,0014,307 37,50037,056 (1)2450,000 7,054 <br />MTCE OF WELLS 21,621 148,05519,390 150,000139,764 (7)(6)200,000 (8,291) <br />SCADA - PUMPING 3,954 10,006(738)9,0007,321 (19)(27)12,000 (2,684) <br />59,070 480,498 504,112 59,956 455,166(5)6Total For Pumping Expense:672,150 25,331 <br /> Distribution Expense <br />MTCE OF WATER MAINS 13,106 73,95216,953 131,249139,585 6 89175,000 65,632 <br />LOCATE WATER LINES 1,325 10,7502,622 15,00022,082 47 10520,000 11,331 <br />MTCE OF WATER SERVICES 0 003750(100)05000 <br />WATER METER SERVICE 5,576 48,8568,357 52,49966,491 27 3670,000 17,635 <br />BACKFLOW DEVICE INSPECTION 1,378 15,5693,332 18,95017,559 (7)1323,160 1,989 <br />MTCE OF CUSTOMERS SERVICE 2,727 24,6553,016 26,25025,415 (3)335,000 760 <br />WATER MAPPING 986 15,23886712,75021,784 71 4317,000 6,545 <br />FIBER MAPPING 0 0011,2500 (100)015,000 0 <br />MTCE OF WATER HYDRANTS - PU 680 19,4462,490 16,49913,891 (16)(29)22,000 (5,555) <br />MTCE OF WATER HYDRANTS - PR 0 4,1921064,5003,124 (31)(25)6,000 (1,067) <br />WATER CLOTHING/PPE 0 9,4518611,25011,254 0 1915,000 1,802 <br />WAGES WATER 750 5,7978307,4996,761 (10)1710,000 964 <br />TRANSPORTATION EXPENSE 1,472 15,6571,650 18,00017,711 (2)1324,000 2,054 <br />WATER PERMIT 0 26,255027,00020,382 (25)(22)27,000 (5,873) <br />40,313 366,044 353,075 28,006 269,8244 36Total For Distribution Expense:459,660 96,219 <br /> Depreciation & Amortization <br />DEPRECIATION 100,101 907,199115,207 994,3991,038,555 4 141,325,865 131,355 <br />115,207 1,038,555 994,399 100,101 907,1994 14Total For Depreciation & Amortization:1,325,865 131,355 <br /> Interest Expense <br />INTEREST EXPENSE - BONDS 3,266 30,7993,050 28,96628,966 0 (6)38,117 (1,833) <br />78