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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 Pro&t(Loss)
<br />ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
<br />FOR PERIOD ENDING AUGUST 2024
<br />2024 2024 2024 YTD 2024 YTD 2024 2023 2023 YTD 2023 v. 2024 Variance
<br />AUGUST YTD YTD Budget Bud Var% ANNUAL AUGUST YTD VARIANCE Actual Vat% Item
<br />BUDGET Variance BUDGET
<br />4,188,692
<br />25,047,017
<br />28,161,624
<br />(3,114,607)
<br />-11.1%
<br />42,685,299
<br />3,863,090
<br />26,206,942
<br />(1,159,925)
<br />-4.4%
<br />478,811
<br />2,561,636
<br />2,280,240
<br />281,396
<br />12.3%
<br />3,514,568
<br />376,573
<br />2,441,427
<br />120,209
<br />4.9%
<br />25,322
<br />139,780
<br />161,695
<br />(21,916)
<br />-13.6%
<br />243,412
<br />20,418
<br />144,278
<br />(4,498)
<br />-3.V/o
<br />32,700
<br />171,389
<br />194,653
<br />(23,265)
<br />-12.0%
<br />292,752
<br />26,224
<br />178,518
<br />(7,129)
<br />-4.0%
<br />21,738
<br />173,764
<br />173,333
<br />431
<br />0.2%
<br />260,000
<br />21,602
<br />172,590
<br />1,174
<br />0.7%
<br />400
<br />3,200
<br />3,200
<br />0
<br />0.0%
<br />4,800
<br />400
<br />3,200
<br />0
<br />0.0%
<br />4,747,663
<br />28,096,785
<br />30,974,745
<br />(2,877,960)
<br />-9.3`%
<br />47,000,831
<br />4,308,308
<br />29,146,955
<br />(1,050,169)
<br />-3.6%
<br />68,742
<br />232,175
<br />56,667
<br />85,000
<br />9,883
<br />66,467 (1)
<br />27,407
<br />178,674
<br />190,000
<br />(11,326) -6.0% 285,000
<br />32,012
<br />194,817 (16,144) -8.3%
<br />28,725
<br />252.382
<br />90,000
<br />135,000
<br />11,945
<br />84.886 (2)
<br />190,846
<br />1,078,748
<br />675,667
<br />1,016,000
<br />148,817
<br />890,912 (3)
<br />315,721 1,741,978 1,012.333 729,645 72.1% 1,521,000 202,656 1,236,982 504,997 40.8%
<br />5,063,384 29,838,764 31,987,079 (2,148,315) -6.7% 48,521,831 4,510,964 30,383,936 (545,173) -1.8%
<br />3,100,945
<br />19,752,113
<br />22,263,313
<br />(2,511,200)
<br />-11.3%
<br />32,756,447
<br />3,529,244
<br />21,753,118
<br />(2,001,005)
<br />-9.2%
<br />18,849
<br />175,871
<br />245,633
<br />369,000
<br />24,544
<br />231,735
<br />(4)
<br />3,135
<br />37,967
<br />48,000
<br />(10,033)
<br />-20.9%
<br />72,000
<br />5,796
<br />44,025
<br />(6,058)
<br />-13.8%
<br />24,322
<br />307,856
<br />282,333
<br />25,523
<br />9.0%
<br />425,917
<br />30,933
<br />309,929
<br />(2,073)
<br />-0.7%
<br />147,573
<br />1,300,358
<br />1,138,000
<br />162,358
<br />14.3%
<br />1,668,500
<br />199,430
<br />1,146,472
<br />153,886
<br />13.4%
<br />275,335
<br />2,201,458
<br />2,071,744
<br />129,714
<br />6.3%
<br />3,107,612
<br />263,769
<br />2,108,302
<br />93,155
<br />4.4%
<br />63,258
<br />520,717
<br />520,717
<br />0
<br />0.0%
<br />785,810
<br />66,412
<br />545,184
<br />(24,467)
<br />-4.5%
<br />29,186
<br />71,440
<br />37,400
<br />506,900
<br />8,649
<br />50,939
<br />20,501
<br />40.2% (5)
<br />41,340
<br />283,845
<br />292,667
<br />(8,822)
<br />-3.0%
<br />439,000
<br />35,408
<br />286.178
<br />(2,333)
<br />-0.8%
<br />349,882
<br />2,693,005
<br />2,785,660
<br />(92,655)
<br />-3.3%
<br />4,208,492
<br />301,981
<br />2,580,506
<br />112,499
<br />4.4%
<br />64,747
<br />370,777
<br />424.667
<br />(53,999)
<br />-12.7%
<br />637,000
<br />29,782
<br />251.088
<br />(6)
<br />4,118,572
<br />27,715,408
<br />30,110,134
<br />(2,394,726)
<br />-8.0%
<br />44,976,679
<br />4,495,948
<br />29,307,476
<br />(1,592,068)
<br />-5.4%
<br />168,249
<br />1,007,490
<br />1,126,465
<br />(118,975)
<br />-10.6%
<br />1,707,412
<br />155,220
<br />1,086,449 (78,959) -7.3%
<br />19,746
<br />150,419
<br />176.000
<br />(25,591)
<br />-14.5%
<br />264,000
<br />18,333
<br />177.795 (7)
<br />187,996
<br />1,157,909
<br />1,302,465
<br />(144,555)
<br />-11.1%
<br />1,971,412
<br />173,553
<br />1,264,244 (106,334) -8.4%
<br />756,816
<br />965,446
<br />574.480
<br />390,966
<br />68.1%
<br />1,573,740
<br />(158,536)
<br />(187,783) 1,153,230 614.1%
<br />Item Variance of+/- $25,000 and +/- 15%
<br />(1) PYTD variance is due to the change in Fair Market Value of Investments. YTD budget variance due to conservative estimate and more funds being invested with UBS in 2024.
<br />(2) YTD budget and PYTD variance due to large a large connection agreement in January and July 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 and PYTD variance is due to most expense accounts being favorable to budget and less than prior year.
<br />(5) YTD budget variance is due to mutual aid, which is not a budgeted item. This is offset above in Mise Revenue - Misc Non -Utility.
<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.
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