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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 />Net Income Profit(Loss)
<br />Item Variance of+/- $25,000 and+/- 15%
<br />ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
<br />FOR PERIOD ENDING APRIL 2023
<br />2023 2023 2023 YTD 2023 YTD 2023 2022 2022 YTD 2022 v. Variance
<br />APRIL YTD YTD Budget Bud Var%o ANNUAL APRIL YTD VARIANCE 2023 Item
<br />BUDGET Variance BUDGET Actual
<br />2,710,245
<br />11,672,120
<br />12,178,212
<br />(506,093)
<br />(4)
<br />42,041,326
<br />2,761,081
<br />10,661,878
<br />1,010,242
<br />9
<br />242,768
<br />1,072,660
<br />961,194
<br />111,466
<br />12
<br />3,385,657
<br />250,873
<br />938,574
<br />134,085
<br />14
<br />15,093
<br />69,648
<br />75,316
<br />(5,668)
<br />(8)
<br />238,658
<br />16,384
<br />63,558
<br />6,090
<br />10
<br />18,079
<br />83,057
<br />89,625
<br />(6,568)
<br />(7)
<br />285,471
<br />19,414
<br />77,503
<br />5,553
<br />7
<br />21,555
<br />86,263
<br />86,667
<br />(404)
<br />(0)
<br />260,000
<br />21,501
<br />85,769
<br />494
<br />1
<br />400
<br />1,600
<br />1,600
<br />0
<br />0
<br />4,800
<br />231,400
<br />658,441
<br />(656,841)�(1)
<br />3,008,140
<br />12,985,347
<br />13,392,613
<br />(407,267)
<br />(3)
<br />46,215,912
<br />3,300,653
<br />12,485,724
<br />499,623
<br />4
<br />14,598
<br />32,499
<br />16,667
<br />15,832 95
<br />50,000
<br />(28,456)
<br />(116,946)
<br />149,445
<br />(2)
<br />21,481
<br />95,359
<br />83,333
<br />12,026 14
<br />25Q000
<br />21,384
<br />65,758
<br />29,601
<br />(3)
<br />0
<br />0
<br />0
<br />0 0
<br />0
<br />59,739
<br />298,292
<br />(298,292)
<br />(4)
<br />10,020
<br />34,153
<br />73,333 M
<br />(39,180)�
<br />220,000
<br />15,365
<br />51,030
<br />(16,877)
<br />(33) (5)
<br />124,223
<br />337,050
<br />310,410
<br />26,640 9
<br />936,231
<br />168,116
<br />358,144
<br />(21,094)
<br />(6)
<br />170,322
<br />499,061
<br />483,744
<br />15,317 3
<br />1,456,231
<br />236,148
<br />656,278
<br />(157,217)
<br />(24)
<br />3,178,463
<br />13,484,408
<br />13,876,357
<br />(391,949) (3)
<br />47,672,143
<br />3,536,801
<br />13,142,002
<br />342,406
<br />3
<br />2,010,173
<br />8,707,748
<br />9,677,145
<br />(969,397)
<br />(10)
<br />32,766,025
<br />2,101,422
<br />9,063,835
<br />(356,087)
<br />(4)
<br />23,611
<br />149,440
<br />122,167
<br />321,000
<br />19,923
<br />89,581
<br />W 59,859
<br />(6)
<br />=(7)
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />56,710
<br />222,543
<br />ffr (222,543)
<br />5,536
<br />20,206
<br />23,333
<br />(3,127)
<br />(13)
<br />70,000
<br />4,255
<br />23,028
<br />(2,822)
<br />(12)
<br />30,964
<br />184,821
<br />122,350
<br />369,466
<br />36,314
<br />144:445
<br />E 40,375
<br />=(8)
<br />136,607
<br />596,081
<br />613,500
<br />(17,419)
<br />(3)
<br />1,540,500
<br />122,832
<br />504827
<br />91,254
<br />(9)
<br />264,010
<br />1,056,692
<br />1,060,116
<br />(3,425)
<br />(0)
<br />3,220,836
<br />250,294
<br />1,000,076
<br />56,615
<br />6
<br />68,225
<br />274,098
<br />274,098
<br />0
<br />0
<br />810,832
<br />70,862
<br />286,600
<br />(12,502)
<br />(4)
<br />4,158
<br />16,472
<br />4,788
<br />11,684
<br />244
<br />74,109
<br />1,257
<br />4,242
<br />12,231
<br />288
<br />38,332
<br />133,613
<br />133,833
<br />(220)
<br />(0)
<br />401,500
<br />34,761
<br />120,411
<br />13,202
<br />11
<br />294,109
<br />1,400,417
<br />1,471,028
<br />(70,611)
<br />(5)
<br />4,128,585
<br />295,540
<br />1,291,295
<br />109,122
<br />8
<br />25,960
<br />133,983
<br />194,203 MW
<br />(60,22
<br />582,609
<br />21,469
<br />101,761
<br />32,221
<br />�(10)
<br />2,901,686
<br />12,673,570
<br />13,696,562
<br />(1,022,992)
<br />(7)
<br />44,285,462
<br />3,015,640
<br />12,852,645
<br />(179,075)
<br />(1)
<br />114,366
<br />502,268
<br />487,128
<br />(15,140)
<br />3 1,681,653
<br />119,358
<br />455,064
<br />47,205 10
<br />47,342
<br />105,469
<br />80,000 -
<br />25,469
<br />240,000
<br />18,412
<br />75,223
<br />30,246
<br />161,708
<br />607,737
<br />567,128
<br />40,609
<br />7 1,921,653
<br />137,769
<br />530,286
<br />77,451 15
<br />115,069
<br />203,100
<br />(387,334)
<br />590,434
<br />152 1,465,028
<br />383,392
<br />(240,930)
<br />444,030 184
<br />(1) PYTD variance due to accrual of PCA revenue in 2022 (See Rate Increase on Detailed Statement).
<br />(2) PYTD variance is due to the change in Fair Market Value of Investments.
<br />(3) PYTD variance is mainly due to not billing penalties in January 2022.
<br />(4) PYTD variance is due to the LFG Project coming to an end in 2022.
<br />(5) YTD Budget variance is due to a even budget spread.
<br />(6) YTD Budget and PYTD variance is mainly due to increased labor for snow removal, additional supplies and increased electric and natural gas expense for new field services building in 2023.
<br />(7) PYTD variance is due to the LFG Project coming to an end in 2022.
<br />(8) YTD Budget variance is due to an even budget spread for misc distribution expense. PYTD variance is due to increased labor and uniform expense in 2023.
<br />(9) PYTD variance is mainly due to contracted tree trimming (2022 and 2023 had contracted tree trimming, but more was completed in 2023) and increased mapping labor.
<br />(10) YTD Budget variance is mainly due to less rebate dollars spent than budgeted. PYTD variance is mainly due to more commercial rebates in 2023.
<br />(11) YTD Budget variance and PYTD variance due Furniture & Things energy audit expense of $29K.
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