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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 JUNE 2022
<br />2022
<br />JUNE
<br />2021
<br />JUNE
<br />2022
<br />YTD
<br />2021
<br />YTD
<br />2022
<br /> YTD
<br />BUDGET
<br />2022 YTD
<br />Bud Var%
<br />2021 v. 2022
<br />Actual Var%
<br /> YTD
<br />VARIANCE
<br />2022
<br /> ANNUAL
<br />BUDGETElectric
<br />Revenue
<br />Operating Revenue
<br /> Elk River 3,382,371 16,688,115 16,553,413 2,979,776 15,918,5451 536,386,442 769,570
<br /> Otsego 298,243 1,446,110 1,270,488 223,315 1,299,08414 112,915,332 147,026
<br /> Rural Big Lake 16,160 92,298 94,994 12,841 86,871(3)6210,427 5,427
<br /> Dayton 19,747 112,879 111,535 15,404 104,5041 8250,448 8,374
<br /> Public St & Hwy Lighting 21,496 128,764 124,999 20,927 125,5903 3250,000 3,173
<br /> Other Electric Sales 308,769 1,232,612 2,400 400 2,40051,259 51,2594,800 1,230,212
<br />Total Operating Revenue 4,046,789 19,700,780 18,157,832 3,252,666 17,536,9968 1240,017,450 2,163,784
<br />Other Operating Revenue
<br /> Interest/Dividend Income (16,178)(138,279)40,000 7,086 35,479(446)(490)80,000 (173,758)
<br /> Customer Penalties 30,877 115,789 106,818 0 08 0235,000 115,789
<br /> LFG Project 99,232 484,224 501,600 87,481 507,767(3)(5)836,000 (23,543)
<br /> Connection Fees 21,000 87,220 104,000 9,250 120,200(16)(27)220,000 (32,980)
<br /> Misc Revenue 106,066 521,178 443,500 117,584 496,09018 5887,000 25,087
<br />Total Other Revenue 240,998 1,070,132 1,195,918 221,402 1,159,536(11)(8)2,258,000 (89,404)
<br />Total Revenue 4,287,787 20,770,912 19,353,750 3,474,068 18,696,5337 1142,275,450 2,074,379
<br />Expenses
<br /> Purchased Power 3,429,170 14,871,102 12,431,181 2,908,386 12,683,50820 1727,017,920 2,187,594
<br /> Operating & Mtce Expense 15,101 122,091 150,024 27,509 137,674(19)(11)291,500 (15,583)
<br /> Landfill Gas 58,280 340,522 367,878 60,088 360,956(7)(6)613,131 (20,434)
<br /> Transmission Expense 5,645 33,230 33,349 6,406 29,5180 1366,700 3,712
<br /> Distribution Expense 23,732 196,769 173,457 19,809 185,58213 6346,916 11,186
<br /> Maintenance Expense 137,691 765,906 798,049 83,166 648,367(4)181,467,100 117,538
<br /> Depreciation & Amortization 248,803 1,497,281 1,496,947 246,671 1,473,1530 23,104,833 24,128
<br /> Interest Expense 70,862 428,324 428,776 74,785 315,7350 36845,509 112,589
<br /> Other Operating Expense 3,487 17,441 10,870 (204,796)(160,576)60 11166,740 178,017
<br /> Customer Accounts Expense 30,732 180,105 175,100 28,623 163,2143 10350,200 16,891
<br /> Administrative Expense 302,445 1,886,721 1,940,213 261,511 1,875,136(3)13,784,278 11,585
<br /> General Expense 77,567 201,011 292,124 25,707 157,655(31)28587,670 43,355
<br />Total Expenses(before Operating Transfers)4,403,522 20,540,508 18,297,974 3,537,870 17,869,92612 1538,542,498 2,670,582
<br />Operating Transfer
<br /> Operating Transfer/Other Funds 135,995 700,021 662,136 119,859 640,7576 91,455,457 59,264
<br /> Utilities & Labor Donated 7,876 112,704 115,000 19,070 111,044(2)1230,000 1,659
<br />Total Operating Transfer 143,871 812,725 777,136 138,929 751,8015 81,685,457 60,924
<br />Net Income Profit(Loss)(259,606)(582,321)278,639 (202,730)74,805(309)(878)2,047,494 (657,127)
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