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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 NOVEMBER 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 />NOVEMBER
<br />YTD
<br />BUDGET
<br />BUDGET
<br />Bud Var%
<br />NOVEMBER
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />Revenue
<br />Operating Revenue
<br />Elk River
<br />2,874,294
<br />34,201,574
<br />33,422,859
<br />36,386,442
<br />2
<br />2,537,806
<br />32,141,871
<br />2,059,703
<br />6
<br />Otsego
<br />227,538
<br />3,049,053
<br />2,672,054
<br />2,915,332
<br />14
<br />198,806
<br />2,728,857
<br />320,196
<br />12
<br />Rural Big Lake
<br />13,595
<br />184,453
<br />192,456
<br />210,427
<br />(4)
<br />11,605
<br />176,218
<br />8,235
<br />5
<br />Dayton
<br />16,171
<br />227,029
<br />229,660
<br />250,448
<br />(1)
<br />14,182
<br />215,204
<br />11,824
<br />5
<br />Public St & Hwy Lighting
<br />21,686
<br />236,942
<br />229,166
<br />250,000
<br />3
<br />21,136
<br />230,854
<br />6,087
<br />3
<br />Other Electric Sales
<br />(186,140)
<br />1,125,787
<br />4,400
<br />4,800
<br />25,486
<br />562,549
<br />566,549
<br />559,238
<br />99
<br />Total Operating Revenue
<br />2,967,145
<br />39,024,841
<br />36,750,596
<br />40,017,450
<br />6
<br />3,346,086
<br />36,059,556
<br />2,965,284
<br />8
<br />Other Operating Revenue
<br />Interest/Dividend Income
<br />4,054
<br />(192,655)
<br />73,333
<br />80,000
<br />(363)
<br />(1,879)
<br />52,583
<br />(245,239)
<br />(466)
<br />Customer Penalties
<br />28,684
<br />266,460
<br />213,636
<br />235,000
<br />25
<br />0
<br />0
<br />266,460
<br />0
<br />LFG Project
<br />85,151
<br />935,004
<br />836,000
<br />836,000
<br />12
<br />84,632
<br />941,887
<br />(6,883)
<br />(1)
<br />Connection Fees
<br />26,050
<br />204,512
<br />200,000
<br />220,000
<br />2
<br />15,830
<br />234,805
<br />(30,292)
<br />(13)
<br />Misc Revenue
<br />110,420
<br />1,176,418
<br />809,750
<br />887,000
<br />45
<br />64,219
<br />994,517
<br />181,901
<br />18
<br />Total Other Revenue
<br />254,360
<br />2,389,740
<br />2,132,719
<br />2,258,000
<br />12
<br />162,803
<br />2,223,793
<br />165,946
<br />7
<br />Total Revenue
<br />3,221,506
<br />41,414,581
<br />38,883,316
<br />42,275,450
<br />7
<br />3,508,889
<br />38,283,350
<br />3,131,231
<br />8
<br />Expenses
<br />Purchased Power
<br />2,131,934
<br />29,219,252
<br />25,229,145
<br />27,017,920
<br />16
<br />2,217,566
<br />25,831,051
<br />3,388,201
<br />13
<br />Operating & Mtce Expense
<br />37,146
<br />237,616
<br />261,966
<br />291,500
<br />(9)
<br />30,439
<br />232,678
<br />4,938
<br />2
<br />Landfill Gas
<br />4,758
<br />558,534
<br />613,131
<br />613,131
<br />(9)
<br />58,169
<br />658,656
<br />(100,121)
<br />(15)
<br />Transmission Expense
<br />4,773
<br />58,804
<br />61,141
<br />66,700
<br />(4)
<br />8,339
<br />61,360
<br />(2,556)
<br />(4)
<br />Distribution Expense
<br />47,249
<br />348,208
<br />318,006
<br />346,916
<br />9
<br />19,750
<br />289,458
<br />58,750
<br />20
<br />Maintenance Expense
<br />122,756
<br />1,361,068
<br />1,338,591
<br />1,467,100
<br />2
<br />80,752
<br />1,112,805
<br />248,263
<br />22
<br />Depreciation & Amortization
<br />232,988
<br />2,767,741
<br />2,816,223
<br />3,104,833
<br />(2)
<br />247,521
<br />2,710,362
<br />57,378
<br />2
<br />Interest Expense
<br />69,424
<br />776,884
<br />776,959
<br />845,509
<br />0
<br />74,014
<br />682,895
<br />93,989
<br />14
<br />Other Operating Expense
<br />1,053
<br />52,879
<br />19,928
<br />66,740
<br />165
<br />1,135
<br />(152,510)
<br />205,390
<br />135
<br />Customer Accounts Expense
<br />33,863
<br />360,658
<br />321,016
<br />350,200
<br />12
<br />28,284
<br />310,428
<br />50,230
<br />16
<br />Administrative Expense
<br />324,092
<br />3,378,391
<br />3,452,363
<br />3,784,278
<br />(2)
<br />280,316
<br />3,210,406
<br />167,985
<br />5
<br />General Expense
<br />25,934
<br />381,114
<br />538,201
<br />587,670
<br />(29)
<br />28,231
<br />338,414
<br />42,700
<br />13
<br />Total Expenses(before Operating Transfers)
<br />3,035,974
<br />39,501,155
<br />35,746,675
<br />38,542,498
<br />11
<br />3,074,521
<br />35,286,006
<br />4,215,149
<br />12
<br />Operating Transfer
<br />Operating Transfer/Other Funds
<br />115,673
<br />1,404,065
<br />1,336,914
<br />1,455,457
<br />5
<br />102,192
<br />1,293,050
<br />111,015
<br />9
<br />Utilities & Labor Donated
<br />21,041
<br />212,297
<br />210,833
<br />230,000
<br />1
<br />19,463
<br />205,546
<br />6,751
<br />3
<br />Total Operating Transfer
<br />136,715
<br />1,616,362
<br />1,547,747
<br />1,685,457
<br />4
<br />121,656
<br />1,498,596
<br />117,766
<br />8
<br />Net Income Profit(Loss)
<br />48,816
<br />297,063
<br />1,588,893
<br />2,047,494
<br />(81)
<br />312,712
<br />1,498,748
<br />(1,201,684)
<br />(80)
<br />a
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