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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />SUPPLEMENTAL INFORMATION
<br />SCHEDULES OF OPERATING REVENUE AND EXPENSES -CONTINUED
<br />YEARS ENDED DECEMBER 31, 2007 AND 2006
<br />OPERATING EXPENSES -CONTINUED
<br />General and administrative
<br />Salaries
<br />Employee pensions and benefits
<br />Dues
<br />Office supplies and billing expense
<br />Office utilities and maintenance
<br />Consulting fees
<br />Legal and audit
<br />Environmental compliance
<br />Conservation improvement project
<br />Insurance
<br />Telephone
<br />Advertising
<br />Education and meetings
<br />Miscellaneous
<br />Total
<br />TOTAL OPERATING EXPENSES
<br />OPERATING INCOME (LOSS)
<br />NONOPERATING REVENUES (EXPENSES)
<br />Interest income
<br />Connection charges
<br />Customer penalties
<br />Miscellaneous revenue
<br />Interest expense
<br />Amortization of bond discount
<br />Miscellaneous expense
<br />TOTAL NONOPERATING
<br />REVENUES (EXPENSES)
<br />INCOME BEFORE CONTRIBUTIONS AND TRANSFERS
<br />2007
<br />Electric Water Total
<br />$ 332,001 $ 98,680 $ 430,681
<br />789,284 208,819 998,103
<br />47,005 33,990 80,995
<br />65,690 13,373 79,063
<br />116,960 6,685 123,645
<br />69,479 6,000 75,479
<br />27,053 6,683 33,736
<br />14,384 - 14,384
<br />- 6,182 6,182
<br />147,925 43,803 191,728
<br />19,148 6,400 25,548
<br />16,296 4,362 20,658
<br />83,689 19,989 103,678
<br />24,025 2,411 26,436
<br />1,752,939 457,377 2,210,316
<br />18,262,805 2,112,796 20,375,601
<br />1,403,738 370 1,404,108
<br />
<br />137,486 44,340 181,826
<br />368,182 627,774 995,956
<br />228,780 29,194 257,974
<br />287,871 2,262 290,133
<br />(296,136) (223,654) (519,790)
<br />(11,180) (7,708) (18,888)
<br />(1,330) - (1,330)
<br />
<br />713,673 472,208 1,185,881
<br />2,117,411 472,578 2,589,989
<br />GAIN (LOSS) ON SALE OF CAPITAL ASSETS
<br />CONTRIBUTIONS FROM DEVELOPERS
<br />TRANSFERS TO OTHER CITY FUNDS
<br />NET INCOME
<br />NET ASSETS, JANUARY 1
<br />PRIOR PERIOD ADJUSTMENTS
<br />NET ASSETS, RESTATED, JANUARY 1
<br />NET ASSETS, DECEMBER 31
<br />(2,815) - (2,815)
<br />- 292,965 292,965
<br />(483,000) (20,000) (503,000)
<br />1,631,596 745,543 2,377,139
<br />22,492,877 20,162,365 42,655,242
<br />(108,899) (77,492) (186,391)
<br />22,383,978 20,084,873 42,468,851
<br />$ 24,015,574 $ 20,830,416 $ 44,845,990
<br />-28-
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