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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 SEPTEMBER 2024
<br />2024 2024 2024 YTD 2024 YTD 2024 2023 2023 YTD 2023 v. Variance
<br />SEPTEMBER YTD YTD Budget Bud Vat% ANNUAL SEPTEMBER YTD VARIANCE 2024 Actual Item
<br />BUDGET Variance BUDGET Vat%
<br />332,221 2,076,616 2,199,983 (123,367) (6) 2,788,003 518,665 2,655,836 ' (579,220)-(1)
<br />332,221 2,076,616 2,199,983 (123,367) (6) 2,788,003 518,665 2,655,836 (579,220) (22)
<br />12,724
<br />84,579
<br />31,125 !
<br />53,454 -
<br />41,500
<br />2,891
<br />30,987 ,592 -(2)
<br />2,980
<br />18,229
<br />18,750
<br />(521) (3)
<br />25,000
<br />3,250
<br />17,531 698 4
<br />55,970
<br />405,582
<br />191,250
<br />214,332 -
<br />255,000
<br />32,560
<br />168,205 �,377'(3)
<br />1,001
<br />10,394
<br />11,663
<br />(1,269) (11)
<br />618,786
<br />3,935
<br />14,451 (4,058) (28)
<br />72,675
<br />518,784
<br />252,788
<br />265,996 105
<br />940,286
<br />42,636
<br />231,175 287,609 124
<br />404,896
<br />2,595,400
<br />2,452,770
<br />142,629 6
<br />3,728,289
<br />561,302
<br />2,887,011 (291,611) (10)
<br />8,791
<br />95,514
<br />86,250 9,264 11
<br />115,000
<br />7,341
<br />78,131
<br />(4)
<br />59,957
<br />455,167
<br />484,254 (29,087) (6)
<br />645,671
<br />51,147
<br />465,233
<br />(10,066)
<br />(2)
<br />28,006
<br />269,825
<br />324,905 JJJBWL55,080)-
<br />422,250
<br />20,878
<br />263,287
<br />6,538
<br />2 (5)
<br />100,102
<br />907,200
<br />861,750 45,450 5
<br />1,148,988
<br />97,592
<br />878,646
<br />28,553
<br />3
<br />2,712
<br />25,812
<br />25,812 0 0
<br />33,949
<br />2,912
<br />27,612
<br />(1,800)
<br />(7)
<br />60
<br />963
<br />16,475 �5,512)�
<br />82,300
<br />104
<br />2,745
<br />(1,783)
<br />(65) (6)
<br />9,028
<br />71,713
<br />68,812 2,900 4
<br />91,750
<br />7,666
<br />66,073
<br />5,639
<br />9
<br />81,024
<br />736,600
<br />819,049 (82,449) (10)
<br />1,092,624
<br />70,743
<br />699,778
<br />36,821
<br />5
<br />287
<br />2,455
<br />11,438 (8,983) (79)
<br />15,250
<br />126
<br />4,620
<br />(2,165)
<br />(47)
<br />289,968
<br />2,565,247
<br />2,698,743 (133,497) (5)
<br />3,647,782
<br />258,509
<br />2,486,126
<br />79,121
<br />3
<br />0 0 1,125 (1,125) (100) 1,500 0 0 0 0
<br />0 0 1,125 (1,125) (100) 1,500 0 0 0 0
<br />114,927 30,153 (247,098) 277,251 112 79,007 302,793 400,886 (370,733) (92)
<br />Item Variance of+/- $15,000 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 truce of structures.
<br />(5) YTD budget variance is mainly due to the budget amount for Mtce of Water Mains having an even budget spread.
<br />(6) YTD budget variance is due time of loss on disposition of property for AMI project.
<br />77
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