|
Variance Item
<br />043766
<br />(1)(1)(4)(4)(13)(0)
<br />1016(1)111120(4)14(7)47(8)30(10)16(12)1021(14)1195
<br />(30)(6)(23)
<br />142(3)116(11)
<br />(100)(2)(100)(5)(100)(9)
<br />Var%
<br />2023 Actual
<br />729
<br />(248)
<br />(8,169)
<br />12,28515,18026,92889,52566,62164,53858,80496,75722,74034,33583,67627,245
<br />(30,854)(20,415)(98,314)
<br />283,188933,693190,855633,148125,969110,921620,541
<br />(576,999)(300,545)(159,305)(379,941)
<br />1,984,972
<br />(1,362,660)
<br /> YTD2022 v.
<br />2022
<br />4,009(134,271)5,24738,4772,10919,550
<br />92,775576,99939,419379,941
<br />2022
<br />JULYYTDVARIANCE
<br />4,800132,8471,365,460
<br />BUDGET
<br /> ANNUAL
<br />Bud Var%
<br />2023 YTD
<br />0000810,83270,862499,186
<br />(679)(0)260,00021,495150,259
<br />56
<br />1,66801,540,500122,332888,2399,18611,681,653147,531847,553
<br />YTD 2023
<br />2,8008,09634,19442274,109
<br />2023
<br /> YTDBudget
<br />BUDGETVariance
<br />ELK RIVER, MINNESOTA
<br />FOR PERIOD ENDING JULY 2023
<br />ELK RIVER MUNICIPAL UTILITIES
<br />2,800
<br />2023
<br />000000000000
<br />400
<br />5,25038,22940,833(2,604)(6)70,000
<br />19,959123,859131,469(7,610)(6)238,65819,276111,57526,029152,294157,669(5,375)(3)285,47124,235137,11421,555150,988151,66722,52856,58429,16727,4179450,00023,187162,806145,83316,97212250,00020,088135,87
<br />715,10072,941128,333(55,392)(43)220,00016,575103,79590,103741,995544,468197,52736936,231131,291652,46917,451207,191187,91719,27410321,00018,479140,57027,360278,996214,11364,88430369,46617,689214,4586
<br />8,225478,772478,77217,29642,29033,849250,770234,20816,5627401,50036,330216,43525,076221,306339,855(118,550)(35)582,60928,463229,47417,643159,462140,00019,46214240,00019,513132,21756,082(29,247)(403,1
<br />02)373,855931,465,028(67,467)(649,788)
<br />366,9552,064,8541,809,819255,034143,385,657335,5551,781,666150,9191,034,325847,801186,524221,456,231264,7381,334,870112,441947,043945,375262,4851,844,5331,855,203(10,670)(1)3,220,836250,4941,747,7762
<br />72,5262,278,5252,443,633(165,108)(7)4,128,585265,8342,152,556158,087931,229922,043175,7291,090,6911,062,04328,64831,921,653167,044979,770
<br />3,934,75722,343,85223,051,072(707,220)(3)42,041,3263,670,76520,358,8814,369,65424,838,64725,304,497(465,850)(2)46,215,9124,204,17423,904,9544,520,57325,872,97226,152,298(279,326)(1)47,672,1434,468,91
<br />225,239,8243,446,80418,223,87418,745,352(521,478)(3)32,766,0253,512,07618,383,1794,288,76224,811,52825,493,357(681,829)(3)44,285,4624,369,33424,909,842
<br />2023
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
<br />JULYYTD
<br />YTD Budget and PYTD variance is due to less than average connection fees in 2023.YTD Budget variance is mainly due to a conservative budgeted amount for contribution from customers.YTD
<br /> Budget variance is due to an even budget spread for misc distribution expense. PYTD variance is mainly due to increased labor (inventory, tool repair, maintenance of rubber goods,
<br /> electrical apparatus maintenance/repair, and grounds testing/maintenance) expense in 2023. YTD Budget variance is mainly due to increased interest rate on deposits and timing issue
<br /> of budgeted amount for loss on disposition of property.PYTD variance is mainly due to increased credit card fees/charges and bad debt expense due to 6 year statute of limitation.YTD
<br /> Budget variance is mainly due to less rebate dollars spent than budgeted.PYTD variance due to Furniture & Things energy audit expense of $29K.
<br />ItemVariance of +/- $25,000 and +/- 15%(1)PYTD variance is mainly due to increased usage (4%) and PCA revenue in 2023. (2)PYTD variance is due to accrual of PCA revenue in 2022 (See
<br /> Rate Increase on Detailed Statement). (3)Budget variance is due to conservative budgeted amount. PYTD variance is due to the change in Fair Market Value of Investments. (4)PYTD variance
<br /> is due to not charging customer penalties in January 2022.(5)PYTD variance is due to the LFG Project coming to an end in 2022.(6)(7)(8)PYTD variance is mainly due to increased labor
<br /> for snow removal, additional supplies and increased electric and natural gas expense for new field services building in 2023. (9)PYTD variance is due to the LFG Project coming to an
<br /> end in 2022.(10)(11)(12)(13)(14)
<br />ElectricRevenueOperating Revenue Elk River Otsego Rural Big Lake Dayton Public St & Hwy Lighting Other Electric Sales
<br /> Total Operating RevenueOther Operating Revenue Interest/Dividend Income Customer Penalties LFG Project Connection Fees Misc Revenue
<br /> Total Other Revenue Total RevenueExpenses Purchased Power Operating & Mtce Expense Landfill Gas Transmission
<br /> Expense Distribution Expense Maintenance Expense Depreciation & Amortization Interest Expense Other Operating Expense Customer
<br /> Accounts Expense Administrative Expense General Expense Total Expenses(before Operating Transfers)Operating Transfer Operating Transfer/Other
<br /> Funds Utilities & Labor Donated Total Operating Transfer Net Income Profit(Loss)
<br />
|