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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 />BUDGETWater <br />Revenue <br />Operating Revenue <br /> Water Sales <br />WATER SALES RESIDENTIAL 187,504 1,337,837182,689 1,570,2801,470,528 (6)101,768,457 132,691 <br />WATER SALES COMMERCIAL 109,047 825,763134,019 895,611898,441 0 91,024,735 72,677 <br />WATER SALES IRRIGATION 43,161 252,72750,783 334,261291,565 (13)15350,120 38,837 <br />367,491 2,660,535 2,800,153 339,713 2,416,329(5)10Total For Water Sales:3,143,313 244,206 <br /> Total Operating Revenue <br />339,713 2,416,329367,491 2,800,1532,660,535 (5)103,143,313 244,206 <br />367,491 2,660,535 2,800,153 339,713 2,416,329(5)10Total For Total Operating Revenue:3,143,313 244,206 <br />Other Operating Revenue <br /> Interest/Dividend Income <br />INTEREST & DIVIDEND INCOME (588)83,4319,754 125,000106,782 (15)28150,000 23,350 <br />OTHER INTEREST/MISC REVENUE 0 5580833566(32)11,000 8 <br />9,754 107,348 125,833 (588)83,990(15)28Total For Interest/Dividend Income:151,000 23,358 <br /> Customer Penalties <br />CUSTOMER PENALTIES 5,545 23,7744,054 23,33329,919 28 2628,000 6,145 <br />4,054 29,919 23,333 5,545 23,77428 26Total For Customer Penalties:28,000 6,145 <br /> Connection Fees <br />WATER/ACCESS/CONNECTION FE 33,477 396,74121,600 212,500593,012 179 49255,000 196,270 <br />CUSTOMER CONNECTION FEES 6,899 32,5062,763 27,08353,621 98 6532,500 21,115 <br />BULK WATER SALES/HYDRANT R 3,763 20,47439,755 25,83353,768 108 16331,000 33,293 <br />64,118 700,402 265,416 44,140 449,722164 56Total For Connection Fees:318,500 250,680 <br /> Misc Revenue <br />MISC NON-UTILITY 0 75083340311 349100264 <br />GAIN ON DISPOSITION OF PROPER 0 008,0000 (100)08,000 0 <br />MISCELLANEOUS REVENUE 0 7162,216 41664,716 15,419 8,92650063,999 <br />HYDRANT MAINTENANCE PROGR 975 10,57597512,5009,750 (22)(8)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 />3,191 119,396 21,000 975 11,368469 950Total For Misc Revenue:426,100 108,028 <br /> Total Other Revenue <br />50,072 568,85581,119 435,583957,067 120 68923,600 388,212 <br />81,119 957,067 435,583 50,072 568,855120 68Total For Total Other Revenue:923,600 388,212 <br />140