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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 />AMORTIZATION OF DEBT DISCOU (554)(5,542)(554)(5,542)(5,542)0 0(6,651)0
<br />2,495 26,474 26,474 2,712 28,5240 (7)Total For Interest Expense:31,466 (2,050)
<br /> Other Operating Expense
<br />LOSS ON DISPOSITION OF PROP (C 0 0016,0000 (100)016,000 0
<br />LOSS ON DISPOSITION OF PROP (N 0 000(16,271)0 00(16,271)
<br />DAM MAINTENANCE EXPENSE 267 444003880 (13)0 (55)
<br />PENSION EXPENSE 0 00000 044,000 0
<br />INTEREST EXPENSE - METER DEP 60 84551625519(17)(39)750 (326)
<br />51 (15,364)16,625 327 1,290(192)(1,291)Total For Other Operating Expense:60,750 (16,654)
<br /> Customer Accounts Expense
<br />METER READING EXPENSE 622 4,3685075,8335,110 (12)177,000 742
<br />MISC CUSTOMER ACCOUNTS EXP 8,560 76,5078,224 81,66680,762 (1)698,000 4,254
<br />BAD DEBT EXPENSE & RECOVER 0 1902080(100)(100)250 (19)
<br />8,732 85,873 87,708 9,182 80,895(2)6Total For Customer Accounts Expense:105,250 4,977
<br /> Administrative Expense
<br />SALARIES OFFICE & COMMISSION 24,329 218,93027,099 240,000246,521 3 13288,000 27,590
<br />TEMPORARY STAFFING 0 008330(100)01,000 0
<br />OFFICE SUPPLIES 5,622 20,4302,439 25,00025,950 4 2730,000 5,520
<br />ELECTRIC & WATER CONSUMPTI 548 5,7994345,8335,221 (10)(10)7,000 (578)
<br />BANK FEES 62 585545835820 (1)700 (2)
<br />LEGAL FEES 829 4,7072334,16620,510 392 3365,000 15,803
<br />AUDITING FEES 410 4,4464305,5834,846 (13)96,700 399
<br />INSURANCE 3,485 34,9923,534 36,66634,945 (5)044,000 (47)
<br />UTILITY SHARE - DEFERRED COM 872 17,21285120,08317,755 (12)324,100 543
<br />UTILITY SHARE - MEDICAL/DENT 14,156 172,96017,258 228,708196,342 (14)14269,977 23,382
<br />UTILITY SHARE - PERA 5,356 49,4296,396 57,08357,177 0 1668,500 7,748
<br />UTILITY SHARE - FICA 5,087 48,6585,970 55,00056,351 2 1666,000 7,693
<br />EMPLOYEE SICK PAY 2,724 25,4283,314 29,16640,992 41 6135,000 15,563
<br />EMPLOYEE HOLIDAY PAY 0 19,096024,22223,154 (4)2141,525 4,058
<br />EMPLOYEE VACATION & PTO PA 4,025 51,5194,752 56,18158,946 5 1466,000 7,426
<br />UPMIC DISTRIBUTION 0 16,027013,87512,941 (7)(19)18,500 (3,085)
<br />WELLHEAD PROTECTION 0 001,7000 (100)02,000 0
<br />LONGEVITY PAY 0 73002,1302,130 0 1922,130 1,400
<br />CONSULTING FEES 870 11,39111,521 47,83350,657 6 34557,400 39,266
<br />TELEPHONE 651 5,8947196,2506,929 11 187,500 1,035142
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