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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 DECEMBER 2022
<br />2022
<br />2022
<br />2022
<br />2022
<br />YTD
<br />ANNUAL
<br />2022 YTD
<br />2021
<br />2021
<br />YTD
<br />2021 v. 2022
<br />Electric
<br />DECEMBER
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />DECEMBER
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />Revenue
<br />Operating Revenue
<br />Elk River
<br />3,171,609
<br />37,373,184
<br />36,386,442
<br />36,386,442
<br />3
<br />2,849,687
<br />34,991,559
<br />2,381,625
<br />7
<br />Otsego
<br />302,634
<br />3,351,688
<br />2,915,332
<br />2,915,332
<br />15
<br />248,766
<br />2,977,624
<br />374,064
<br />13
<br />Rural Big Lake
<br />19,105
<br />203,558
<br />210,427
<br />210,427
<br />(3)
<br />16,423
<br />192,641
<br />10,916
<br />6
<br />Dayton
<br />22,386
<br />249,416
<br />250,448
<br />250,448
<br />0
<br />19,481
<br />234,686
<br />14,729
<br />6
<br />Public St & Hwy Lighting
<br />21,728
<br />258,671
<br />250,000
<br />250,000
<br />3
<br />21,214
<br />252,069
<br />6,601
<br />3
<br />Other Electric Sales
<br />(225,319)
<br />900,468
<br />4,800
<br />4,800
<br />18,660
<br />211,797
<br />778,346
<br />122,122
<br />16
<br />Total Operating Revenue
<br />3,312,145
<br />42,336,987
<br />40,017,450
<br />40,017,450
<br />6
<br />3,367,370
<br />39,426,927
<br />2,910,059
<br />7
<br />Other Operating Revenue
<br />Interest/Dividend Income
<br />33,153
<br />(159,502)
<br />80,000
<br />80,000
<br />(299)
<br />(69)
<br />52,514
<br />(212,016)
<br />(404)
<br />Customer Penalties
<br />17,992
<br />284,452
<br />235,000
<br />235,000
<br />21
<br />0
<br />0
<br />284,452
<br />0
<br />LFG Project
<br />0
<br />935,004
<br />836,000
<br />836,000
<br />12
<br />77,209
<br />1,019,096
<br />(84,092)
<br />(8)
<br />Connection Fees
<br />38,575
<br />243,087
<br />220,000
<br />220,000
<br />10
<br />28,525
<br />263,330
<br />(20,242)
<br />(8)
<br />Misc Revenue
<br />114,293
<br />1,290,712
<br />887,000
<br />887,000
<br />46
<br />78,154
<br />1,072,671
<br />218,040
<br />20
<br />Total Other Revenue
<br />204,013
<br />2,593,754
<br />2,258,000
<br />2,258,000
<br />15
<br />183,818
<br />2,407,612
<br />186,141
<br />8
<br />Total Revenue
<br />3,516,159
<br />44,930,741
<br />42,275,450
<br />42,275,450
<br />6
<br />3,551,189
<br />41,834,539
<br />3,096,201
<br />7
<br />Expenses
<br />Purchased Power
<br />2,325,351
<br />31,544,604
<br />27,017,920
<br />27,017,920
<br />17
<br />2,338,094
<br />28,169,145
<br />3,375,458
<br />12
<br />Operating & Mtce Expense
<br />36,053
<br />273,670
<br />291,500
<br />291,500
<br />(6)
<br />27,230
<br />259,909
<br />13,761
<br />5
<br />Landfill Gas
<br />(30,641)
<br />527,893
<br />613,131
<br />613,131
<br />(14)
<br />84,065
<br />742,722
<br />(214,828)
<br />(29)
<br />Transmission Expense
<br />5,148
<br />63,952
<br />66,700
<br />66,700
<br />(4)
<br />6,110
<br />67,470
<br />(3,518)
<br />(5)
<br />Distribution Expense
<br />38,389
<br />386,598
<br />346,916
<br />346,916
<br />11
<br />20,776
<br />310,235
<br />76,363
<br />25
<br />Maintenance Expense
<br />150,218
<br />1,511,286
<br />1,467,100
<br />1,467,100
<br />3
<br />79,716
<br />1,192,521
<br />318,765
<br />27
<br />Depreciation & Amortization
<br />264,926
<br />3,032,667
<br />3,104,833
<br />3,104,833
<br />(2)
<br />247,323
<br />2,957,685
<br />74,982
<br />3
<br />Interest Expense
<br />69,424
<br />846,308
<br />845,509
<br />845,509
<br />0
<br />74,014
<br />756,909
<br />89,399
<br />12
<br />Other Operating Expense
<br />41,485
<br />94,365
<br />66,740
<br />66,740
<br />41
<br />(281,973)
<br />(434,484)
<br />528,849
<br />122
<br />Customer Accounts Expense
<br />30,976
<br />391,634
<br />350,200
<br />350,200
<br />12
<br />27,331
<br />337,759
<br />53,874
<br />16
<br />Administrative Expense
<br />310,838
<br />3,689,229
<br />3,784,278
<br />3,784,278
<br />(3)
<br />316,011
<br />3,526,417
<br />162,812
<br />5
<br />General Expense
<br />24,644
<br />405,758
<br />587,670
<br />587,670
<br />(31)
<br />58,012
<br />396,426
<br />9,332
<br />2
<br />Total Expenses(before Operating Transfers)
<br />3,266,815
<br />42,767,971
<br />38,542,498
<br />38,542,498
<br />11
<br />2,996,712
<br />38,282,718
<br />4,485,252
<br />12
<br />Operating Transfer
<br />Operating Transfer/Other Funds
<br />127,567
<br />1,531,632
<br />1,455,457
<br />1,455,457
<br />5
<br />114,684
<br />1,407,734
<br />123,898
<br />9
<br />Utilities & Labor Donated
<br />19,563
<br />231,860
<br />230,000
<br />230,000
<br />1
<br />19,268
<br />224,814
<br />7,046
<br />3
<br />Total Operating Transfer
<br />147,130
<br />1,763,493
<br />1,685,457
<br />1,685,457
<br />5
<br />133,952
<br />1,632,548
<br />130,945
<br />8
<br />Net Income Profit(Loss)
<br />102,213
<br />399,276
<br />2,047,494
<br />2,047,494
<br />(80)
<br />420,524
<br />1,919,272
<br />(1,519,995)
<br />(79)
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