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Water
<br />Revenue
<br />Operating Revenue
<br />Water Sales
<br />Total Operating Revenue
<br />Other Operating Revenue
<br />Interest/Dividend Income
<br />Customer Penalties
<br />Connection Fees
<br />Misc Revenue
<br />Total Other Revenue
<br />Total Revenue
<br />Expenses
<br />Production Expense
<br />Pumping Expense
<br />Distribution 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 />Utilities & Labor Donated
<br />Total Operating Transfer
<br />Net Income Profit(Loss)
<br />ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
<br />FOR PERIOD ENDING MARCH 2O23
<br />2023 2023 2023 YTD 2023 YTD 2023 2022 2022 YTD 2022 v. Variance
<br />MARCH YTD YTD Budget Bud Vat% ANNUAL MARCH YTD VARIANCE 2023 Item
<br />BUDGET Variance BUDGET Actual
<br />139,774 428,486 336,153 92,333 2,503,414 129,788 387,075 41,411 11 (1)
<br />139,774 428,486 336,153 92,333 27 2,503,414 129,788 387,075 41,411 11
<br />4,007
<br />8,133
<br />9,125 (992) (11)
<br />36,500
<br />(10,630)
<br />(20,021)=
<br />28,153 �&2)
<br />1,248
<br />4,022
<br />7,000 (2,978) (43)
<br />28,000
<br />1,007
<br />1,949
<br />2,072 106
<br />16,368
<br />40,901
<br />129,500 1jr- (88,599)�
<br />518,000
<br />54,568
<br />153,668
<br />r
<br />(112,767) (3)
<br />995
<br />4,110
<br />3,513 597 17
<br />376,034
<br />24,480
<br />73,739
<br />(69,629)W1 (4)
<br />22,618
<br />57,165
<br />149,138 (91,972) (62)
<br />958,534
<br />69,425
<br />209,335
<br />(152,170) (73)
<br />162,392
<br />485,651
<br />485,291 360 0
<br />3,461,948
<br />199,213
<br />596,411
<br />(110,759) (19)
<br />11,144
<br />30,878
<br />22,500
<br />8,378
<br />37
<br />90,000
<br />8,556
<br />25,484
<br />5,393
<br />21
<br />43,410
<br />137,102
<br />150,750
<br />(13,648)
<br />(9)
<br />603,000
<br />42,888
<br />140,422
<br />(3,320)
<br />(2)
<br />33,111
<br />88,653
<br />97,063
<br />(8,409)
<br />(9)
<br />337,650
<br />23,006
<br />68,430
<br />(5)
<br />97,387
<br />292,135
<br />292,194
<br />(59)
<br />(0)
<br />1,202,937
<br />92,826
<br />278,119
<br />14,015
<br />5
<br />3,112
<br />9,337
<br />9,337
<br />0
<br />0
<br />36,349
<br />3,279
<br />11,042
<br />(1,705)
<br />(15)
<br />142
<br />501
<br />564
<br />(62)
<br />(11)
<br />2,470
<br />99
<br />385
<br />117
<br />30
<br />7,136
<br />21,442
<br />21,092
<br />350
<br />2
<br />84,370
<br />6,239
<br />18,404
<br />3,038
<br />17
<br />74,249
<br />262,230
<br />293,267
<br />(31,037)
<br />(11)
<br />1,032,655
<br />71,122
<br />244,944
<br />17,287
<br />7
<br />713
<br />2,247
<br />4,663
<br />(2,416)
<br />(52)
<br />18,650
<br />1,542
<br />2,438
<br />(191)
<br />(8)
<br />270,404
<br />844,526
<br />891,430
<br />(46,904)
<br />(5)
<br />3,408,081
<br />249,556
<br />789,667
<br />54,858
<br />7
<br />Item Variance of+/- $15,000 and+/- 15%
<br />0 0 375 (375) (100) 1,500 0 0 0 0
<br />0 0 375 (375) (100) 1,500 0 0 0 0
<br />(108,012) (358,874) (406,514) 47,640 12 52,367 (50,343) (193,257) (165,618) (86)
<br />(1) YTD Budget variance is due to increased usage.
<br />(2) PYTD variance is due to the change in Fair Market Value of Investments.
<br />(3) YTD Budget variance is due to a even budget spread. PYTD variance is due to more Connection Fees in 2022.
<br />(4) PYTD variance is due to Water Tower lease revenue being recognized annually in 2023 vs monthly in 2022 (GASB 87).
<br />(5) PYTD variance is due to a 2023 water main repair and additional Cty Rd 13 expenses which are partially offset by less water meter change outs in 2023.
<br />AN
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