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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 />ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
<br />FOR PERIOD ENDING SEPTEMBER 2023
<br />2023 2023 2023 YTD 2023 YTD 2023 2022 2022 YTD 2022 v.
<br />SEPTEMBER YTD YTD Budget Bud Var% ANNUAL SEPTEMBER YTD VARIANCE 2023 Actual
<br />BUDGET Variance BUDGET Var% Variance
<br />Item
<br />4,173,390
<br />30,380,332
<br />31,710,753
<br />(1,330,422)
<br />(4)
<br />42,041,326
<br />4,093,476
<br />28,123,010
<br />2,257,322
<br />8
<br />446,619
<br />2,888,045
<br />2,563,315
<br />324,730
<br />13
<br />3,385,657
<br />397,320
<br />2,533,027
<br />355,019
<br />14
<br />25,137
<br />169,415
<br />182,172
<br />(12,757)
<br />(7)
<br />238,658
<br />22,512
<br />155,067
<br />14,349
<br />9
<br />31,935
<br />210,453
<br />219,912
<br />(9,460)
<br />(4)
<br />285,471
<br />28,146
<br />191,725
<br />18,728
<br />10
<br />21,611
<br />194,201
<br />195,000
<br />(799)
<br />(0)
<br />260,000
<br />21,689
<br />193,585
<br />616
<br />0
<br />400
<br />3,600
<br />3,600
<br />0
<br />0
<br />4,800
<br />(70,807)
<br />1,423,243
<br />(1)
<br />4,699,092
<br />33,846,046
<br />34,874,753
<br />(1,028,707)
<br />(3)
<br />46,215,912
<br />4,492,336
<br />32,619,656
<br />1,226,390
<br />4
<br />4,668
<br />71,135
<br />37,500
<br />33,635
<br />50,000
<br />(57,824)
<br />(181,139)0
<br />252,274 -(2)
<br />39,991
<br />234,808
<br />187,500
<br />47,309
<br />250,000
<br />29,258
<br />212,983
<br />21,826 10 (3)
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />90,388
<br />760,382 01-
<br />(760,382)-(4)
<br />15,470
<br />100,356
<br />165,000
<br />L
<br />(64,644)
<br />220,000
<br />9,325
<br />152,995
<br />(52,639) (5)
<br />114,657
<br />1,005,468
<br />702,173
<br />303,295
<br />936,231
<br />94,737
<br />909,525
<br />95,943 11 (6)
<br />174,786
<br />1,411,768
<br />1,092,173
<br />319,594
<br />29
<br />1,456,231
<br />165,884
<br />1,854,746
<br />(442,978) (24)
<br />4,873,877
<br />35,257,814
<br />35,966,926
<br />(709,112)
<br />(2)
<br />47,672,143
<br />4,658,220
<br />34,474,402
<br />783,412 2
<br />2,891,327
<br />24,644,445
<br />25,694,068
<br />(1,049,624)
<br />(4)
<br />32,766,025
<br />3,086,040
<br />24,875,108
<br />(230,663)
<br />(1)
<br />17,757
<br />249,492
<br />231,750
<br />17,742
<br />8
<br />321,000
<br />19,812
<br />179,562
<br />69,930
<br />(7)
<br />=(8)
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />58,244
<br />496,396
<br />(496,396)
<br />5,406
<br />49,431
<br />52,500
<br />(3,069)
<br />(6)
<br />70,000
<br />5,432
<br />49,497
<br />(66)
<br />(0)
<br />26,734
<br />336,664
<br />275,288
<br />369,466
<br />32,696
<br />271,336
<br />65,328
<br />-(9)
<br />123,833
<br />1,270,306
<br />1,166,625
<br />103,681
<br />9
<br />1,540,500
<br />116,283
<br />1,118,673
<br />151,632
<br />14
<br />263,868
<br />2,372,170
<br />2,395,261
<br />(23,091)
<br />(1)
<br />3,220,836
<br />249,739
<br />2,248,596
<br />123,575
<br />5
<br />66,412
<br />611,596
<br />611,596
<br />0
<br />0
<br />810,832
<br />69,425
<br />638,035
<br />(26,440)
<br />(4)
<br />4,265
<br />55,204
<br />25,801 29,402;�
<br />74,109
<br />12,791
<br />33,484
<br />21,720
<br />65 (10)
<br />36,129
<br />322,308
<br />301,125
<br />21,183
<br />7
<br />401,500
<br />39,552
<br />289,311
<br />32,996
<br />11
<br />303,660
<br />2,884,166
<br />3,106,940
<br />(222,774)
<br />(7)
<br />4,128,585
<br />335,799
<br />2,775,851
<br />108,315
<br />4
<br />41,692
<br />292,780
<br />436,957
<br />(1441 11
<br />582,609
<br />36,748
<br />311,422
<br />(18,642)
<br />(6) (11)
<br />3,781,084
<br />33,088,560
<br />34,297,911
<br />(1,209,351)
<br />(4)
<br />44,285,462
<br />4,062,559
<br />33,287,271
<br />(198,711)
<br />(1)
<br />167,632
<br />1,254,081
<br />1,268,430
<br />(14,349)
<br />(1)
<br />1,681,653
<br />164,440
<br />1,159,520 94,561 8
<br />18,646
<br />196,441
<br />180,000
<br />16,441
<br />9
<br />240,000
<br />18,941
<br />170738 (12)
<br />186,278
<br />1,450,522
<br />1,448,430
<br />2,091
<br />0
<br />1,921,653
<br />183,381
<br />1,330,258 120,263 9
<br />906,515
<br />718,732
<br />220,585
<br />498,147
<br />226
<br />1,465,028
<br />412,280
<br />(143,127) 861,860 602
<br />Item Variance of+/- $25,000 and+/- 15%
<br />(1) PYTD variance is due to accrual of PCA revenue in 2022 (See Rate Increase on Detailed Statement).
<br />(2) Budget variance is due to conservative budgeted amount. PYTD variance is due to the change in Fair Market Value of Investments.
<br />(3) Budget variance is due to higher than average over last two years.
<br />(4) PYTD variance is due to the LFG Project coming to an end in 2022.
<br />(5) YTD Budget and PYTD variance is due to less than average connection fees in 2023.
<br />(6) YTD Budget variance is mainly due to a conservative budgeted amount for contribution from customers.
<br />(7) 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 />(8) PYTD variance is due to the LFG Project coming to an end in 2022.
<br />(9) YTD Budget and PYTD variance is mainly due to increased labor (inventory, tool repair, maintenance of rubber goods, electrical apparatus maintenance/repair, and grounds testing/maintenance), tools and uniform expense in 2023.
<br />(10) YTD Budget variance is mainly due to increased interest rate on deposits.
<br />(11) YTD Budget variance is mainly due to less rebate dollars spent than budgeted.
<br />(12) PYTD variance due to Furniture & Things energy audit expense of $29K.
<br />Z
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