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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 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 Var% Item
<br />BUDGET Variance BUDGET
<br />412,725 1,744,395 1,788,876 (44,481) -2.5% 2,788,003 451,194 2,137,171 (392,776)�(1)
<br />412,725 1,744,395 1,788,876 (44,481) -2.5% 2,788,003 451,194 2,137,171 (392,776) -18.4%
<br />19,338
<br />71,855
<br />27,667
<br />44,188
<br />41,500
<br />4,058
<br />28,096
<br />43,759 �(2)
<br />1,926
<br />15,249
<br />16,667
<br />(1,417) -8.5%
<br />25,000
<br />3,693
<br />14,281
<br />969 6.8%
<br />120,570
<br />349,612
<br />170,000
<br />179,612
<br />255,000
<br />12,270
<br />135,645 &,
<br />213,967 �(3)
<br />1,005
<br />9,393
<br />10,367
<br />(974) -9.4%
<br />618,786
<br />975
<br />10,516
<br />(1,124) -10.7%
<br />142,838
<br />446,109
<br />224,700
<br />221,409 98.5%
<br />940,286
<br />20,996
<br />188,538
<br />257,570 136.6%
<br />555,563
<br />2,190,504
<br />2,013,576
<br />176,928 8.8%
<br />3,728,289
<br />472,190
<br />2,325,709
<br />(135,205) -5.8%
<br />8,735
<br />86,723
<br />76,667
<br />10,056
<br />13.1%
<br />115,000
<br />8,472
<br />70,789
<br />(4)
<br />57,678
<br />395,210
<br />430,449
<br />(35,237)
<br />-9.2%
<br />645,671
<br />56,796
<br />414.086
<br />(18,976)
<br />-4.6%
<br />28,564
<br />241,819
<br />292,456
<br />422,250
<br />27,932
<br />242,409
<br />(590)
<br />-0.2% (5)
<br />100,522
<br />807,098
<br />766,000
<br />41,099
<br />5.4%
<br />1,148,988
<br />98,352
<br />781,055
<br />26,043
<br />3.3%
<br />2,712
<br />23,099
<br />23,099
<br />0
<br />0.0%
<br />33,949
<br />2,912
<br />24,699
<br />(1,600)
<br />-6.5%
<br />60
<br />902
<br />2,200
<br />(1,298)
<br />-59.0%
<br />92,300
<br />123
<br />2,641
<br />(1,739)
<br />-65.8%
<br />8,590
<br />62,684
<br />61,167
<br />1,518
<br />2.5%
<br />91,750
<br />7,482
<br />58,408
<br />4,277
<br />7.3%
<br />91,411
<br />655,575
<br />729,656
<br />(74,080)
<br />-10.2%
<br />1,092,624
<br />79,211
<br />629,036
<br />26,540
<br />4.2%
<br />286
<br />2,168
<br />10,167
<br />(7,999)
<br />-78.7%
<br />15,250
<br />415
<br />4,494
<br />(2,326)
<br />-51.8%
<br />298,558
<br />2,275,279
<br />2,391,859
<br />(116,580)
<br />-4.9%
<br />3,647,782
<br />281,696
<br />2,227,617
<br />47,662
<br />2.1%
<br />0 0 1,000 (1,000)-100.0% 1,500 0 0 0 0.0%
<br />0 0 1,000 (1,000)-100.0% 1,500 0 0 0 0.0%
<br />257,005 (84,775) (379,283) 294,508 77.6% 79,007 190,494 98,093 (182,867)-186.4%
<br />Item Variance of+/- S15,000 and+/- 15%
<br />(1) PYTD variance is due to decreased usage.
<br />(2) 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 />(3) YTD budget and PYTD variance due to a few large connection agreements in 2024.
<br />(4) PYTD variance is due to increased labor for mtce of structures.
<br />(5) YTD budget variance is mainly due to the budget amount for Mice of Water Mains having an even budget spread.
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