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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 SEPTEMBER 2023
<br />2023 2023 2023 YTD 2023 YTD 2023 2022 2022 YTD 2022 v.
<br />SEPTEMBER YTD YTD Budget Bud Var%o ANNUAL SEPTEMBER YTD VARIANCE 2023 Actual
<br />BUDGET Variance BUDGET Var% Variance
<br />Item
<br />518,665 2,655,836 1,974,576 681,260 - 2,503,414 427,484 2,279,461 376,376 -(1)
<br />518,665 2,655,836 1,974,576 681,260 35 2,503,414 427,484 2,279,461 376,376 17
<br />2,891
<br />30,987
<br />27,375
<br />3,612 13
<br />36,500
<br />(13,497)
<br />(37,949)
<br />68,936 �(2)
<br />3,250
<br />17,531
<br />21,000
<br />(3,469) (17)
<br />28,000
<br />3,855
<br />19,375
<br />(1,845) (10)
<br />32,560
<br />168,205
<br />388,500
<br />(220,295)�
<br />518,000
<br />46,044
<br />1,311,566
<br />(1,143,361) (3)
<br />=I
<br />3,935
<br />14,451
<br />10,538
<br />3,914 37
<br />376,034
<br />26,388
<br />224,086
<br />(209,634) (4)
<br />42,636
<br />231,175
<br />447,413
<br />(216,238) (48)
<br />958,534
<br />62,789
<br />1,517,078
<br />(1,285,903) (85)
<br />561,302
<br />2,887,011
<br />2,421,989
<br />465,022 19
<br />3,461,948
<br />490,273
<br />3,796,539
<br />(909,528) (24)
<br />7,341
<br />78,131
<br />67,500
<br />10,631
<br />16
<br />90,000
<br />9,288
<br />69,220
<br />8,910
<br />13
<br />51,147
<br />465,233
<br />452,250
<br />12,983
<br />3
<br />603,000
<br />48,478
<br />435,037
<br />30,196
<br />7
<br />20,878
<br />263,287
<br />259,188
<br />4,099
<br />2
<br />337,650
<br />23,874
<br />238,638
<br />24,648
<br />10
<br />97,592
<br />878,646
<br />880,743
<br />(2,097)
<br />(0)
<br />1,202,937
<br />91,639
<br />829,165
<br />49,481
<br />6
<br />2,912
<br />27,612
<br />27,612
<br />0
<br />0
<br />36,349
<br />3,112
<br />30,383
<br />(2,771)
<br />(9)
<br />104
<br />2,745
<br />1,501
<br />1,244
<br />83
<br />2,470
<br />153
<br />2,164
<br />581
<br />27
<br />7,666
<br />66,073
<br />63,277
<br />2,796
<br />4
<br />84,370
<br />8,218
<br />60,050
<br />6,024
<br />10
<br />70,743
<br />699,778
<br />784,009
<br />(84,231)
<br />(11)
<br />1,032,655
<br />76,867
<br />692,555
<br />7,224
<br />1
<br />126
<br />4,620
<br />13,988
<br />(9,368)
<br />(67)
<br />18,650
<br />2,494
<br />6,229
<br />(1,609)
<br />(26)
<br />258,509
<br />2,486,126
<br />2,550,068
<br />(63,942)
<br />(3)
<br />3,408,081
<br />264,124
<br />2,363,441
<br />122,685
<br />5
<br />0 0 1,125 (1,125) (100) 1,500 0 0 0 0
<br />0 0 1,125 (1,125) (100) 1,500 0 0 0 0
<br />302,793 400,886 (129,204) 530,089 410 52,367 226,150 1,433,098 (1,032,213) (72)
<br />Item Variance of+/- $15,000 and+/- 15%
<br />(1) YTD Budget variance is due to usage being higher than budgeted and PYTD variance is due to rate increase and higher usage in 2023.
<br />(2) PYTD variance is due to the change in Fair Market Value of Investments.
<br />(3) YTD Budget variance is due to less than average connection fees. 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 />61
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