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ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />SUPPLEMENTAL INFORMATION
<br />ELECTRIC FUND
<br />SUMMARY OF OPERATIONS AND UNAUDITED STATISTICS
<br />FOR THE YEARS ENDED DECEMBER 31, 2002 THROUGH DECEMBER 31, 2007
<br />SUMMARY OF OPERATIONS
<br /> 2002 2003 2004
<br />OPERATING REVENUES
<br />Sales of electricity $ 10,783,277 $ 12,697,258 $ 13,775,332
<br />Other operating revenues 343,087 299,695 268,140
<br />TOTAL OPERATING REVENUES 11,126,364 12,996,953 14,043,472
<br />OPERATING EXPENSES
<br />Purchased power 6,849,629 7,786,921 8,563,298
<br />Distribution 667,038 829,051 1,390,414
<br />Services to the City 238,372 265,234 294,698
<br />Depreciation 969,913 1,067,063 1,427,091
<br />Other operating expenses 1,477,574 1,915,081 1,567,309
<br />TOTAL OPERATING EXPENSES 10,202,526 11,863,350 13,242,810
<br />OPERATING INCOME 923,838 1,133,603 800,662
<br />TRANSFERS FROM OTHER FUNDS 50,000 - -
<br />TRANSFERS TO OTHER FUNDS (289,264) (317,918) (340,564)
<br />NONOPERATING REVENUES 917,373 766,285 651,934
<br />NET INCOME $ 1,601,947 $ 1,581,970 $ 1,112,032
<br />PERCENT OF CHANGE
<br />Sales of electricity 12.294% 17.750% 8.491%
<br />Purchased power 13.481 % 13.684% 9.970%
<br />PERCENT OF REVENUES
<br />Purchased power 61.562% 59.913% 60.977%
<br /> UNAUDITED STATISTICS
<br /> MISCELLANEOUS
<br /> 2002 2003 2004
<br />KWh's purchased
<br />KWh's sold
<br />Line loss
<br />Percent of line loss
<br />REVENUES PER KWh SOLD
<br />COST PER KWh PURCHASED
<br />NUMBER OF CUSTOMERS
<br />TOTAL CONTRIBUTION/TRANSFERS TO CITY
<br />$ 157,594,270 $ 170,092,937 $ 176,730,416
<br />149,787,670 161,852,054 165,595,414
<br />7,806,600 8,240,883 11,135,002
<br />4.954% 4.845% 6.301%
<br />$ 0.0720 $ 0.0784 $ 0.0832
<br />$ 0.0435 $ 0.0458 $ 0.0485
<br />7,002 7,376 7,907
<br />$ 527,636 $ 583,152 $ 340,564
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