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HANDOUT AT MEETING - FINANCIALS
<br />Electric
<br />Revenue
<br />Operating Revenue
<br />Elk River
<br />Otsego
<br />Rural Big Lake
<br />Dayton
<br />Public St & Hwy Lighting
<br />Other Electric Sales
<br />Total Operating Revenue
<br />Other Operating Revenue
<br />Interest/Dividend Income
<br />Customer Penalties
<br />LFG Project
<br />Connection Fees
<br />Misc Revenue
<br />Total Other Revenue
<br />Total Revenue
<br />Expenses
<br />Purchased Power
<br />Operating & Mtce Expense
<br />Landfill Gas
<br />Transmission Expense
<br />Distribution Expense
<br />Maintenance Expense
<br />Depreciation & Amortization
<br />Interest Expense
<br />Other Operating Expense
<br />Customer Accounts Expense
<br />Administrative Expense
<br />General Expense
<br />Total Expenses(before Operating Transfers)
<br />Operating Transfer
<br />Operating Transfer/Other Funds
<br />Utilities & Labor Donated
<br />Total Operating Transfer
<br />NetIncome Profit(Loss)
<br />ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS
<br />OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
<br />FOR PERIOD ENDING JANUARY 2023
<br />2023
<br />2023 2023 YTD
<br />2023
<br />2023 YTD
<br />2022
<br />2022
<br />YTD
<br />2022 v. 2023
<br />JANUARY
<br />YTD YTD Budget
<br />ANNUAL
<br />Bud Var%
<br />JANUARY
<br />YTD
<br />VARIANCE
<br />Actual Var%
<br />BUDGET Variance
<br />BUDGET
<br />2,805,567
<br />2,805,567 2,975,103 (169,536)
<br />42,041,326
<br />(6)
<br />2,605,611
<br />2,605,611
<br />199,956
<br />8
<br />250,334
<br />250,334 228,908 21,426
<br />3,385,657
<br />9
<br />222,822
<br />222,822
<br />27,512
<br />12
<br />17,051
<br />17,051 18,324 (1,273)
<br />238,658
<br />(7)
<br />15,433
<br />15,433
<br />1,617
<br />10
<br />19,710
<br />19,710 21,850 (2,140)
<br />285,471
<br />(10)
<br />18,860
<br />18,860
<br />850
<br />5
<br />21,723
<br />21,723 21,667 57
<br />260,000
<br />0
<br />21,302
<br />21,302
<br />422
<br />2
<br />400
<br />400 400 0
<br />4,800
<br />0
<br />400
<br />400
<br />0
<br />0
<br />3,114,786
<br />3,114,786 3,266,252 (151,466)
<br />46,215,912
<br />(5)
<br />2,884,428
<br />2,884,428
<br />230,358
<br />8
<br />9,433
<br />9,433
<br />4,167
<br />5,266
<br />50,000
<br />126
<br />(18,019)
<br />(18,019)
<br />2745,1 SEEM (1)
<br />21,874
<br />21,874
<br />20,833
<br />1,040
<br />250,000
<br />5
<br />0
<br />0
<br />21,874 0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />92,393
<br />92,393
<br />(92,393) (2)
<br />6,275
<br />6,275
<br />18,333
<br />(12,058)
<br />220,000
<br />(66)
<br />12,450
<br />12,450
<br />(6,175) (50)
<br />67,312
<br />67,312
<br />76,353
<br />(9,041)
<br />936,231
<br />(12)
<br />56,016
<br />56,016
<br />11,296 20
<br />104,893
<br />104,893
<br />119,686
<br />(14,793)
<br />1,456,231
<br />(12)
<br />142,840
<br />142,840
<br />(37,947) (27)
<br />3,219,679
<br />3,219,679
<br />3,385,938
<br />(166,259)
<br />47,672,143
<br />(5)
<br />3,027,268
<br />3,027,268
<br />192,411 6
<br />2,215,450
<br />2,215,450
<br />2,385,184
<br />(169,735)
<br />32,766,025
<br />(7)
<br />2,358,373
<br />2,358,373
<br />(142,924) (6)
<br />43,734
<br />43,734
<br />36,417
<br />7,317
<br />321,000
<br />20
<br />25,388
<br />25,388
<br />18,345 72
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />57,284
<br />57,284
<br />(57284) (3)
<br />5,118
<br />5,118
<br />5,833
<br />(716)
<br />70,000
<br />(12)
<br />8,252
<br />8,252
<br />(3,134) (38)
<br />32,438
<br />32,438
<br />30,588
<br />1,851
<br />369,466
<br />6
<br />31,641
<br />31,641
<br />798 3
<br />139,313
<br />139,313
<br />159,625
<br />(20,312)
<br />1,540,500
<br />(13)
<br />118,108
<br />118,108
<br />21,205 18
<br />265,028
<br />265,028
<br />265,029
<br />(1)
<br />3,220,836
<br />(0)
<br />249,709
<br />249,709
<br />15,319 6
<br />69,425
<br />69,425
<br />69,425
<br />0
<br />810,832
<br />0
<br />74,014
<br />74,014
<br />(4,590) (6)
<br />4,569
<br />4,569
<br />1,481
<br />3,089
<br />74,109
<br />209
<br />1,705
<br />1,705
<br />2,865 168
<br />31,915
<br />31,915
<br />33,458
<br />(1,543)
<br />401,500
<br />(5)
<br />27,778
<br />27,778
<br />4,137 15
<br />485,751
<br />485,751
<br />486,078
<br />(327)
<br />4,128,585
<br />(0)
<br />416,395
<br />416,395
<br />69,354 (4)
<br />40,134
<br />40,134
<br />48,551
<br />(8,417)
<br />582,609
<br />(17)
<br />30,819
<br />30,819
<br />9,315 30
<br />3,332,874
<br />3,332,874
<br />3,521,667
<br />(188,793)
<br />44,285,462
<br />(5)
<br />3,399,466
<br />3,399,466
<br />(66,591) (2)
<br />125,228
<br />125,228
<br />119,004
<br />6,224
<br />1,681,653
<br />5
<br />110,849
<br />110,849
<br />14,378 13
<br />20,413
<br />20,413
<br />20,000
<br />413
<br />240,000
<br />2
<br />18,819
<br />18,819
<br />1,594 8
<br />145,640
<br />145,640
<br />139,004
<br />6,636
<br />1,921,653
<br />5
<br />129,668
<br />129,668
<br />15,972 12
<br />(258,836)
<br />(258,836)
<br />(274,734)
<br />15,898
<br />1,465,028
<br />6
<br />(501,866)
<br />(501,866)
<br />243,030 48
<br />Item Variance of +/- $25,000 and +/- 15%
<br />(1) PY variance is due to the change in Fair Market Value of Investments.
<br />(2) PY variance is due to the LFG Project coming to an end in 2022.
<br />(3) PY variance is due to the LFG Project coming to an end in 2022.
<br />(4) PY variance is due to Employer paid Medical Insurance (2023 increased ER HSA contribution and premium) and Holiday Pay (2 days in 2023 v 1 day in 2022)
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