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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 APRIL 2023
<br />2023 2023 2023 YTD 2023 YTD 2023 2022 2022 YTD 2022 v. Variance
<br />APRIL YTD YTD Budget Bud Var% ANNUAL APRIL YTD VARIANCE 2023 Item
<br />BUDGET Variance BUDGET Actual
<br />136,714 565,200 464,796 W 100,404' 2,503,414 147,781 534,856 30,343 6 (1)
<br />136,714 565,200 464,796 100,404 22 2,503,414 147,781 534,856 30,343 6
<br />4,880
<br />13,012
<br />12,167
<br />846 7
<br />36,500
<br />(6,428)
<br />(26,448)=
<br />39,461 �(2)
<br />938
<br />4,960
<br />9,333
<br />(4,373) (47)
<br />28,000
<br />2,155
<br />4,104
<br />856 21
<br />20,475
<br />61,376
<br />172,667 r
<br />(111,290)�
<br />518,000
<br />459,657
<br />613,325
<br />(551,949) (3)
<br />975
<br />5,085
<br />4,683
<br />401 9
<br />376,034
<br />24,467
<br />98,206
<br />(93,121) (4)
<br />27,269
<br />84,434
<br />198,850
<br />(114,416) (58)
<br />958,534
<br />479,851
<br />689,187
<br />(604,753) (88)
<br />163,982
<br />649,634
<br />663,646
<br />(14,012) (2)
<br />3,461,948
<br />627,633
<br />1,224,043
<br />(574,410) (47)
<br />6,275
<br />37,152
<br />30,000
<br />7,152
<br />24
<br />90,000
<br />7,201
<br />32,685
<br />4,467 14
<br />39,977
<br />177,079
<br />201,000
<br />(23,921)
<br />(12)
<br />603,000
<br />37,884
<br />178,306
<br />(1,227) (1)
<br />29,989
<br />118,642
<br />123,217
<br />(4,574)
<br />(4)
<br />337,650
<br />20,718
<br />89,149
<br />29,494 -(5)
<br />97,637
<br />389,772
<br />389,592
<br />180
<br />0
<br />1,202,937
<br />92,514
<br />370,633
<br />19,139 5
<br />3,112
<br />12,450
<br />12,450
<br />0
<br />0
<br />36,349
<br />3,279
<br />14,321
<br />(1,871) (13)
<br />1,554
<br />2,055
<br />720
<br />1,335
<br />185
<br />2,470
<br />99
<br />484
<br />1,572 325
<br />8,146
<br />29,589
<br />28,123
<br />1,465
<br />5
<br />84,370
<br />6,995
<br />25,399
<br />4,189 16
<br />70,430
<br />332,660
<br />365,502
<br />(32,842)
<br />(9)
<br />1,032,655
<br />70,162
<br />315,106
<br />17,555 6
<br />910
<br />3,157
<br />6,217
<br />(3,060)
<br />(49)
<br />18,650
<br />1,097
<br />3,535
<br />(378) (11)
<br />258,031
<br />1,102,556
<br />1,156,820
<br />(54,264)
<br />(5)
<br />3,408,081
<br />239,949
<br />1,029,616
<br />72,940 7
<br />0 0 500 (500) (100) 1,500 0 0 0 0
<br />0 0 500 (500) (100) 1,500 0 0 0 0
<br />(94,048) (452,923) (493,675) 40,752 8 52,367 387,684 194,427 (647,350) (333)
<br />Item Variance of+/- $15,000 and+/- 15%
<br />(1) YTD Budget variance is due to actual usage being higher than budget.
<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 />147
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