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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 />Connection Fees
<br />Misc Revenue
<br />Total Other Revenue
<br />Total Revenue
<br />Expenses
<br />Purchased Power
<br />Operating & Mtce Expense
<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 Proliit(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 2024
<br />2024 2024 2024 YTD 2024 YTD 2024 2023 2023 YTD 2023 V. 2024 Variance
<br />APRIL YTD YTD Budget Bud Var%o ANNUAL APRIL YTD VARIANCE Actual Vat% Item
<br />BUDGET Variance BUDGET
<br />2,660,977
<br />11,307,750
<br />12,780,191
<br />(1,472,441)
<br />-12%
<br />42,685,299
<br />2,710,245
<br />11,672,120
<br />(364,369)
<br />-3%
<br />261,015
<br />1,126,742
<br />1,022,048
<br />104,695
<br />10%
<br />3,514,568
<br />242,768
<br />1,072,660
<br />54,082
<br />5%
<br />14,535
<br />66,733
<br />78,953
<br />(12,221)
<br />-15%
<br />243,412
<br />15,093
<br />69,648
<br />(2,915)
<br />-4%
<br />17,779
<br />79,378
<br />91,830
<br />(12,451)
<br />-14%
<br />292,752
<br />18,079
<br />83,057
<br />(3,678)
<br />-4%
<br />21,723
<br />86,852
<br />86,667
<br />185
<br />0%
<br />260,000
<br />21,555
<br />86,263
<br />589
<br />1%
<br />400
<br />1,600
<br />1,600
<br />0
<br />0%
<br />4,800
<br />400
<br />1,600
<br />0
<br />0%
<br />2,976,428
<br />12,669,055
<br />14,061,288
<br />(1,392,233)
<br />-10%
<br />47,000,831
<br />3,008,140
<br />12,985,347
<br />(316,292)
<br />-2%
<br />(2,825)
<br />44,897
<br />28,333
<br />16,564
<br />58%
<br />85,000
<br />14,598
<br />32,499
<br />12,398
<br />38%
<br />21,216
<br />81,992
<br />95,000
<br />(13,008)
<br />-14%
<br />285,000
<br />21,481
<br />95,359
<br />(13,367)
<br />-14%
<br />7,855
<br />124,726
<br />45,000
<br />79,726
<br />135,000
<br />10,020
<br />34,153
<br />90,573
<br />(1)
<br />95,625
<br />482,232
<br />337,833
<br />144,399
<br />1,016,000
<br />124,223
<br />337,050
<br />145,182
<br />(2)
<br />121,871
<br />733,848
<br />506,167
<br />227,681
<br />45%
<br />1,521,000
<br />170,322
<br />499,061
<br />234,787
<br />47%
<br />3,098,299
<br />13,402,903
<br />14,567,455
<br />(1,164,552)
<br />-8%
<br />48,521,831
<br />3,178,463
<br />13,484,408
<br />(81,505)
<br />-1%
<br />2,016,891
<br />8,347,249
<br />9,487,665
<br />(1,140,416) -12%
<br />32,756,447
<br />2,010,173
<br />8,707,748
<br />(360,499) -4%
<br />22,106
<br />102,937
<br />142,617
<br />(39,680)-
<br />369,000
<br />23,611
<br />149,440
<br />(46,504) -(3)
<br />5,150
<br />20,629
<br />24,000
<br />(3,371) -14%
<br />72,000
<br />5,536
<br />20,206
<br />423 2%
<br />54,558
<br />182,950
<br />141,167
<br />41,784�
<br />425,917
<br />30,964
<br />184,821
<br />(1,870) -1%(4)
<br />166,316
<br />745,654
<br />654,500
<br />91,154 14%
<br />1,668,500
<br />136,607
<br />596,081 JW 149,57�(5)
<br />275,536
<br />1,100,251
<br />1,035,872
<br />64,379 6%
<br />3,107,612
<br />264,010
<br />1,056,692
<br />43,560 4%
<br />65,175
<br />261,936
<br />261,936
<br />0 0%
<br />785,810
<br />68,225
<br />274,098
<br />(12,163) -4%
<br />5,050
<br />23,858
<br />18,700
<br />5,158 28%
<br />506,900
<br />4,158
<br />16,472
<br />7,386 45%
<br />34,742
<br />132,989
<br />146,333
<br />(13,345) -9%
<br />439,000
<br />38,332
<br />133,613
<br />(624) 0%
<br />314,498
<br />1,435,539
<br />1,482,643
<br />(47,104) -3%
<br />4,208,492
<br />294,109
<br />1,400,417
<br />35,122 3%
<br />49,511
<br />167,582
<br />212,333
<br />637,000
<br />25,960
<br />133,983 L
<br />33,60Q -(6)
<br />3,009,533
<br />12,521,573
<br />13,607,766
<br />(1,086,192) -8%
<br />44,976,679
<br />2,901,686
<br />12,673,570
<br />(151,997) -1%
<br />107,140
<br />455,114
<br />511,208
<br />(56,094)
<br />-11%
<br />1,707,412
<br />114,366
<br />502,268 (47,155) -9%
<br />17,738
<br />73,003
<br />88,000
<br />(14,997)
<br />-17%
<br />264,000
<br />47,342
<br />105,469 NEW' (32,466)-(7)
<br />124,878
<br />528,116
<br />599,208
<br />(71,091)
<br />-12%
<br />1,971,412
<br />161,708
<br />607,737 (79,621) -13%
<br />(36,112)
<br />353,213
<br />360,482
<br />(7,268)
<br />-2%
<br />1,573,740
<br />115,069
<br />203,100 150,113 74%
<br />Item Variance of+/- $25,000 and+/- 15%
<br />(1) YTD budget and PYTD variance due to large a large connection agreement in January 2024.
<br />(2) YTD budget and PTYD variance is mainly due to Contributions from Customers having a large SOW for transformers for additional service.
<br />(3) YTD budget variance is mainly due to natural gas expense and labor expense for Mtce of Plant Engines and Mtce of Plant/Land Improvement. PYTD variance is mainly due to plant supplies and natural gas expense (due
<br />to new FSB), and Mtce of Plant Engines (labor).
<br />(4) YTD budget variance is mainly due to an even budget spread for Misc Distribution (labor).
<br />(5) PYTD variance is mainly due to increased tree trimming expense (contractors and ERMU labor), increased 2024 labor expense for: Mtce of Substation Equipment, Mtce of URD Primary, and Electric Mapping.
<br />(6) YTD budget variance is mainly due to timing of rebates and the budget having an even spread. PYTD variance is due to professional services from Frontier Energy in 2024.
<br />(7) PYTD variance is due to Furniture & Things energy audit in 2023.
<br />AN
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