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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 MAY 2024
<br />2024 2024 2024 YTD 2024 YTD 2024 2023 2023 YTD 2023 v. 2024 Variance
<br />MAY YTD YTD Budget Bud Var%o ANNUAL MAY YTD VARIANCE Actual Vat% Item
<br />BUDGET Variance BUDGET
<br />2,951,826
<br />14,259,576
<br />15,745,257
<br />(1,485,681)
<br />-9%
<br />42,685,299
<br />2,850,363
<br />14,522,483
<br />(262,907)
<br />-2%
<br />302,591
<br />1,429,333
<br />1,249,253
<br />180,080
<br />14%
<br />3,514,568
<br />250,614
<br />1,323,274
<br />106,059
<br />8%
<br />16,187
<br />82,920
<br />94,602
<br />(11,682)
<br />-12%
<br />243,412
<br />14,375
<br />84,023
<br />(1,103)
<br />-1%
<br />19,541
<br />98,919
<br />110,581
<br />(11,662)
<br />-11%
<br />292,752
<br />17,689
<br />100,746
<br />(1,826)
<br />-2%
<br />21,740
<br />108,592
<br />108,333
<br />258
<br />0%
<br />260,000
<br />21,545
<br />107,807
<br />784
<br />1%
<br />400
<br />2,000
<br />2,000
<br />0
<br />0%
<br />4,800
<br />400
<br />2,000
<br />0
<br />0%
<br />3,312,285
<br />15,981,340
<br />17,310,027
<br />(1,328,686)
<br />-8%
<br />47,000,831
<br />3,154,986
<br />16,140,333
<br />(158,993)
<br />-1%
<br />22,706
<br />67,603
<br />35,417 =
<br />32,186 -
<br />85,000
<br />(1,512)
<br />30,987
<br />36,616 -(1)
<br />20,266
<br />102,258
<br />118,750
<br />(16,492) -14%
<br />285,000
<br />23,860
<br />119,219
<br />(16,961) -14%
<br />ff
<br />M(3)
<br />218,408
<br />700,641
<br />421,6677
<br />278,974M
<br />1,016,000
<br />139,903
<br />476,953
<br />223.6877
<br />267,080
<br />1,000,928
<br />632,083
<br />368,844 58%
<br />1,521,000
<br />174,515
<br />673,576
<br />327,352 49%
<br />3,579,365
<br />16,982,268
<br />17,942,110
<br />(959,842) -5%
<br />48,521,831
<br />3,329,501
<br />16,813,908
<br />168,359 1%
<br />2,312,628
<br />10,659,877
<br />11,701,066
<br />(1,041,189)
<br />-9%
<br />32,756,447
<br />2,639,791
<br />11,347,539
<br />(687,662)
<br />-6%
<br />18,886
<br />121,822
<br />167,183
<br />(45,361)�
<br />369,000
<br />21,752
<br />171,192
<br />(49,370)�(4)
<br />4,846
<br />25,474
<br />30,000
<br />(4,526)
<br />-15%
<br />72,000
<br />6,214
<br />26,419
<br />(945)
<br />-4%
<br />38,771
<br />221,722
<br />176,458
<br />45,26�
<br />425,917
<br />35,953
<br />220,773
<br />948
<br />0% (5)
<br />125,053
<br />870,706
<br />775,375
<br />95,331
<br />12%
<br />1,668,500
<br />134,470
<br />730,551 140,155'(6)
<br />275,722
<br />1,375,973
<br />1,294,840
<br />81,133
<br />6%
<br />3,107,612
<br />264,134
<br />1,320,825
<br />55,148
<br />4%
<br />65,175
<br />327,110
<br />327,110
<br />0
<br />0%
<br />785,810
<br />68,225
<br />342,323
<br />(15,213)
<br />-4%
<br />5,046
<br />28,904
<br />23,375
<br />5,529
<br />24%
<br />506,900
<br />4,295
<br />20,767
<br />8,137
<br />39%
<br />36,969
<br />169,958
<br />182,917
<br />(12,959)
<br />-7%
<br />439,000
<br />53,217
<br />186,830
<br />(16,873)
<br />-9%
<br />316,003
<br />1,751,542
<br />1,816,603
<br />(65,061)
<br />-4%
<br />4,208,492
<br />308,565
<br />1,708,982
<br />42,560
<br />2%
<br />35,965
<br />203,547
<br />265,417
<br />(61,869)
<br />-
<br />637,000
<br />22,117
<br />156,100
<br />47,447�(7)
<br />3,235,062
<br />15,756,635
<br />16,760,344
<br />(1,003,708)
<br />-6%
<br />44,976,679
<br />3,558,732
<br />16,232,302
<br />(475,667)
<br />-3%
<br />118,775
<br />573,889
<br />629,810
<br />(55,922)
<br />-9%
<br />1,707,412
<br />114,711
<br />616,979
<br />(43,091) -7%
<br />18,637
<br />91,640
<br />110,000
<br />(18,360)
<br />-17%
<br />264,000
<br />18,305
<br />123,773 r
<br />(32,(8)
<br />137,412
<br />665,528
<br />739,810
<br />(74,282)
<br />-10%
<br />1,971,412
<br />133,015
<br />740,752
<br />(75,224) -10%
<br />206,891
<br />560,104
<br />441,956
<br />118,148
<br />27%
<br />1,573,740
<br />(362,246)
<br />(159,146)
<br />719,250 452%
<br />Item Variance of+/- $25,000 and+/- 15%
<br />(1) YTD budget variance is due to conservative budgeted amount. PYTD variance is due to the change in Fair Market Value of Investments. Also note that more funds were transferred to UBS in May 2024.
<br />(2) YTD budget and PYTD variance due to large a large connection agreement in January 2024.
<br />(3) YTD budget and PTYD variance is mainly due to Contributions from Customers having a couple large SOW for transformers for additional service and/or upgrade.
<br />(4) 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 />(5) YTD budget variance is mainly due to Misc Distribution (labor).
<br />(6) 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 />(7) 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 />(8) PYTD variance is due to Furniture & Things energy audit in 2023.
<br />147
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