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Exhibit 3-C
<br />2024 Customer
<br />REVENUE REQUIREMENT Test Year Demand Facilities Classification Basis
<br />Elk River Municipal Utilities
<br />2024 Test Year Distribution Classification
<br />METER READING EXPENSE - - - NA
<br />COLLECTING EXP DISC/RECONNECT - - - NA
<br />MISC CUSTOMER ACCTS EXP-COMP - - - NA
<br />CUST BLGS NOT PD/SENT FOR COLL - - - NA
<br />Total Customer Accounts -$ -$ -$
<br />General & Administrative
<br />SALARIES/OFFICE & COMMISSION 682,932 448,412 234,520 total revenue requirement
<br />TEMPORARY STAFFING - - - NA
<br />OFFICE SUPPLIES & EXPENSE 73,869 48,502 25,367 total revenue requirement
<br />LT & WATER CONSUMPTION/OFFICE 18,709 12,284 6,425 total revenue requirement
<br />BANK CHARGES 2,195 1,442 754 total revenue requirement
<br />LEGAL FEES 27,287 17,917 9,370 total revenue requirement
<br />AUDITING FEES 14,569 9,566 5,003 total revenue requirement
<br />INSURANCE 141,665 93,017 48,648 total revenue requirement
<br />UTILITY SHARE DEF COMP 85,833 56,358 29,475 total revenue requirement
<br />UTIL SH OF MEDICAL/DENTAL 639,847 420,122 219,724 total revenue requirement
<br />UTILITY SHARE OF PERA 237,689 156,066 81,623 total revenue requirement
<br />UTILITY SHARE OF FICA 231,633 152,090 79,543 total revenue requirement
<br />EMPLOYEES SICK PAY 383,325 251,691 131,634 total revenue requirement
<br />EMP HOLIDAY PAY 138,188 90,734 47,454 total revenue requirement
<br />EMPLOYEE VACATION & PTO 256,088 168,147 87,941 total revenue requirement
<br />UPMIC DISTRIBUTION 86,844 57,022 29,822 total revenue requirement
<br />LONGEVITY PAY 5,373 3,528 1,845 total revenue requirement
<br />CONSULTING FEES 31,104 20,423 10,681 total revenue requirement
<br />TELEPHONE 23,912 15,700 8,211 total revenue requirement
<br />ADVERTISING 10,858 7,129 3,729 total revenue requirement
<br />DUES & SUBSCRIPTIONS - FEES 95,415 62,649 32,766 total revenue requirement
<br />TRAVEL EXPENSE - - - NA
<br />SCHOOLS & MEETINGS 153,981 101,103 52,877 total revenue requirement
<br />MTCE OF GENERAL PLANT & OFFICE 7,772 5,103 2,669 total revenue requirement
<br />Total General & Administrative 3,349,089$ 2,199,007$ 1,150,082$
<br />General Expense
<br />CIP REBATES - RESIDENTIAL - - - NA
<br />CIP REBATES - COMMERCIAL - - - NA
<br />CIP - ADMINISTRATION - - - NA
<br />CIP - MARKETING - - - NA
<br />CIP - LABOR - - - NA
<br />CIP REBATES - LOW INCOME - - - NA
<br />CIP - LOW INCOME LABOR - - - NA
<br />ENVIRONMENTAL COMPLIANCE - - - NA
<br />MISC GENERAL EXPENSE - - - NA
<br />Total General Expense -$ -$ -$
<br />TOTAL OPERATING EXPENSES 8,797,208$ 5,964,039$ 2,833,169$
<br />OTHER OPERATING REVENUES
<br />LFG PROJECT - - - NA
<br />DISPERSED GENERATION CREDIT - - - NA
<br />CONNECTION MAINTENANCE - - - NA
<br />CUSTOMER PENALTIES - - - NA
<br />SECURITY LIGHTS - - - NA
<br />CONTRIBUTIONS FROM CUSTOMERS 690,934 690,934 - 100% Dist demand
<br />TOTAL OTHER OPERATING REVENUES 690,934$ 690,934$ -$
<br />NON-OPERATING INCOME (EXPENSES)
<br />Interest income - - - NA
<br />Miscellaneous revenue - - - NA
<br />Interest expense and other (773,344) (557,239) (216,105) Dist/Cust split
<br />Gain (Loss) on sale of capital assets - - - NA
<br />TOTAL NON-OPERATING INCOME (EXPENSES)(773,344)$ (557,239)$ (216,105)$
<br />TRANSFER TO CITY -$ -$ -$ NA
<br />MARGIN -$ -$ -$ NA
<br />TOTAL REVENUE REQUIREMENT 8,879,618$ 5,830,344$ 3,049,274$
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