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��i <br />Elk River <br />Municipal Utilities UTILITIES COMMISSION MEETING <br />TO: <br />FROM: <br />ERMU Commission <br />Melissa Karpinski — Finance Manager <br />MEETING DATE: <br />AGENDA ITEM NUMBER: <br />November 12, 2024 <br />5.01 <br />SUBJECT: <br />Financial Report —September 2024 <br />ACTION REQUESTED: <br />Receive the September 2024 Financial Report <br />DISCUSSION: <br />Please note that these are the preliminary unaudited financial statements. <br />Electric <br />September year to date (YTD) electric kWh sales are down 6% from the prior year. For further <br />breakdown: <br />• Residential usage is down 6% <br />• Small Commercial usage is down 4% <br />• Large Commercial usage is down 6% <br />For September 2024, the Electric Department overall is ahead of prior YTD and favorable to <br />budget YTD. Additional variance analysis can be found on the Summary Electric Statement of <br />Revenues, Expenses and Changes in Net Position attachment. <br />Water <br />September YTD gallons of water sold are down 23% from the prior year. For further breakdown; <br />• Residential use is down 28% <br />• Commercial use is down 16% <br />For September 2024, the Water Department overall is behind prior YTD but favorable to budget <br />YTD. Additional variance analysis can be found on the Summary Water Statement of Revenues, <br />Expenses and Changes in Net Position attachment. <br />ATTACHMENTS: <br />• Balance Sheet 09.2024 <br />• Electric Balance Sheet 09.2024 <br />• Water Balance Sheet 09.2024 <br />• Summary Electric Statement of Revenues, Expenses and Changes in Net Position <br />09.2024 <br />• Summary Water Statement of Revenues, Expenses and Changes in Net Position 09.2024 <br />• Graphs Prior Year and YTD 2024 <br />Page 1 of 2 <br />71 <br />