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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 OCTOBER 2025
<br />2025
<br />OCTOBER
<br />2024
<br />OCTOBER
<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 5,492 113,08212,102 129,166125,822 (3)11155,000 12,739
<br />FIBER MAPPING 0 0012,5000 (100)015,000 0
<br />MTCE OF OH SECONDARY 2,918 18,5681,392 19,16624,486 28 3223,000 5,918
<br />MTCE OF URD SECONDARY 4,216 47,6506,439 62,50071,882 15 5175,000 24,231
<br />TRANSPORTATION EXPENSE 40,183 250,39419,589 270,833220,482 (19)(12)325,000 (29,912)
<br />145,846 1,544,424 1,763,083 167,172 1,556,264(12)(1)Total For Maintenance Expense:2,144,500 (11,839)
<br /> Depreciation & Amortization
<br />DEPRECIATION 221,935 2,197,374236,186 2,226,1792,328,942 5 62,671,415 131,567
<br />AMORTIZATION 55,677 556,77955,677 556,780556,779 0 0668,136 0
<br />291,864 2,885,721 2,782,959 277,613 2,754,1544 5Total For Depreciation & Amortization:3,339,551 131,567
<br /> Interest Expense
<br />INTEREST EXPENSE - BONDS 68,246 697,11764,971 664,988664,988 0 (5)794,932 (32,129)
<br />AMORTIZATION OF DEBT DISCOU (4,988)(49,885)(4,988)(49,885)(49,885)0 0(59,863)0
<br />59,982 615,103 615,103 63,257 647,2320 (5)Total For Interest Expense:735,069 (32,129)
<br /> Other Operating Expense
<br />EV CHARGING EXPENSE 318 2,2531091,1661,487 27 (34)1,400 (766)
<br />LOSS ON DISPOSITION OF PROP (C 0 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 0 001,666217 (87)02,000 217
<br />MUTUAL AID 26,301 53,820007,012 0 (87)0 (46,807)
<br />PENSION EXPENSE 0 00000 0259,000 0
<br />INTEREST EXPENSE - METER DEP 4,849 47,8054,246 50,00041,569 (17)(13)60,000 (6,236)
<br />4,355 81,482 212,833 31,469 111,872(62)(27)Total For Other Operating Expense:482,400 (30,390)
<br /> Customer Accounts Expense
<br />METER READING EXPENSE 4,924 40,1582,257 29,16627,151 (7)(32)35,000 (13,006)
<br />DISCONNECT/RECONNECT EXPEN 100 11,84408,333658 (92)(94)10,000 (11,185)
<br />MISC CUSTOMER ACCOUNTS EXP 33,502 298,25531,549 333,333311,647 (7)4400,000 13,392
<br />BAD DEBT EXPENSE & RECOVER 1,524 14,26120720,8337,654 (63)(46)25,000 (6,606)
<br />34,014 347,113 391,666 40,051 364,518(11)(5)Total For Customer Accounts Expense:470,000 (17,405)
<br /> Administrative Expense
<br />SALARIES OFFICE & COMMISSION 84,179 750,31292,716 904,166827,461 (8)101,085,000 77,148
<br />TEMPORARY STAFFING 0 003,3330 (100)04,000 0
<br />OFFICE SUPPLIES 15,826 82,33112,202 112,500100,416 (11)22135,000 18,084
<br />ELECTRIC & WATER CONSUMPTI 2,192 23,1891,735 26,66620,875 (22)(10)32,000 (2,313)
<br />BANK FEES 250 2,2782162,5002,285 (9)03,000 6
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