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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 />ELK RIVER MUNICIPAL UTILITIES
<br />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET
<br />POSITION
<br />FOR
<br />PERIOD ENDING OCTOBER 2024
<br />2024
<br />2024
<br />2024 YTD 2024 YTD
<br />2024
<br />2023
<br />2023
<br />YTD
<br />2023 v. Variance
<br />OCTOBER
<br />YTD
<br />YTD Budget Bud Var%
<br />ANNUAL
<br />OCTOBER
<br />YTD
<br />VARIANCE
<br />2024 Actual Item
<br />BUDGET Variance
<br />BUDGET
<br />Var%
<br />3,470,154
<br />32,390,694
<br />36,383,544 (3,992,850) (11)
<br />42,685,299
<br />3,438,999
<br />33,819,331
<br />(1,428,637)
<br />(4)
<br />340,820
<br />3,281,514
<br />2,992,986 288,528 10
<br />3,514,568
<br />317,215
<br />3,205,260
<br />76,254
<br />2
<br />15,726
<br />173,760
<br />207,520 L (33,760)�
<br />243,412
<br />15,590
<br />185,005
<br />(11,245)
<br />(6) (1)
<br />20,954
<br />216,269
<br />251,046 (34,777) (14)
<br />292,752
<br />19,688
<br />230,140
<br />(13,871)
<br />(6)
<br />21,720
<br />217,217
<br />216,667 550 0
<br />260,000
<br />21,618
<br />215,819
<br />1,398
<br />1
<br />400
<br />4,000
<br />4,000 0 0
<br />4,800
<br />400
<br />4,000
<br />0
<br />0
<br />3,869,774
<br />36,283,454
<br />40,055,763 (3,772,309) (9)
<br />47,000,831
<br />3,813,510
<br />37,659,556
<br />(1,376,101)
<br />(4)
<br />(9,476)
<br />267,509
<br />70,833 =
<br />196,676 -
<br />85,000
<br />16,041
<br />87,176 V
<br />180,333 -(2)
<br />32,928
<br />241,372
<br />237,500
<br />3,872 2
<br />285,000
<br />24,786
<br />259,595
<br />(18,223) (7)
<br />15,650
<br />279,057
<br />112,500
<br />L
<br />166:557 =
<br />135,000
<br />16,375
<br />116,731
<br />162,326 -(3)
<br />57,698
<br />1,372,011
<br />845,833
<br />526178
<br />1,016,000
<br />108,108
<br />1,113,576
<br />258,435 (4)
<br />96,800
<br />2,159,949
<br />1,266,667
<br />893,283 71
<br />1,521,000
<br />165,310
<br />1,577,078
<br />582,872 37
<br />3,966,574
<br />38,443,404
<br />41,322,430
<br />(2,879,026) (7)
<br />48,521,831
<br />3,978,820
<br />39,236,633
<br />(793,230) (2)
<br />2,192,019
<br />24,768,175
<br />28,284,875
<br />(3,516,700)
<br />(12)
<br />32,756,447
<br />2,392,762
<br />27,037,207
<br />(2,269,032) (8)
<br />22,247
<br />217,302
<br />296,167
<br />369,000
<br />19,323
<br />268,814 L
<br />(51,513)-(5)
<br />2,574
<br />43,432
<br />60,000
<br />(16,568)
<br />(28)
<br />72,000
<br />5,426
<br />54,857
<br />(11,425) (21)
<br />26,094
<br />367,836
<br />352,917
<br />14,919
<br />4
<br />425,917
<br />31,136
<br />367,800
<br />36 0
<br />167,172
<br />1,556,264
<br />1,379,750
<br />176,514
<br />13
<br />1,668,500
<br />118,264
<br />1,388,570
<br />167,695 12
<br />277,969
<br />2,754,509
<br />2,589,680
<br />164,829
<br />6
<br />3,107,612
<br />264,795
<br />2,636,965
<br />117,544 4
<br />63,258
<br />647,233
<br />647,232
<br />0
<br />0
<br />785,810
<br />66,412
<br />678,008
<br />(30,775) (5)
<br />31,470
<br />106,906
<br />202,550
<br />506,900
<br />4,247
<br />59,451 47,455 -(6)
<br />40,051
<br />364,519
<br />365,833
<br />(1,315)
<br />(0)
<br />439,000
<br />41,807
<br />364,114
<br />405 0
<br />319,383
<br />3,360,599
<br />3,479,859
<br />(119,260)
<br />(3)
<br />4,208,492
<br />280,594
<br />3,164,759
<br />195,840 6
<br />36,304
<br />495,286
<br />530,833
<br />(35,547)
<br />(7)
<br />637,000
<br />23,572
<br />316,352
<br />178,935 (7)
<br />3,178,541
<br />34,682,060
<br />38,189,697
<br />(3,507,637)
<br />(9)
<br />44,976,679
<br />3,248,336
<br />36,336,896
<br />(1,654,836) (5)
<br />Operating Transfer/Other Funds
<br />139,507
<br />1,302,640
<br />1,455,342
<br />(152,702)
<br />(10)
<br />1,707,412
<br />138,257
<br />1,392,338
<br />(89,698)
<br />(6)
<br />Utilities & Labor Donated
<br />20,203
<br />189,690
<br />220,000
<br />(30,310)
<br />(14)
<br />264,000
<br />19,301
<br />215,742
<br />(26,052)
<br />(12)
<br />Total Operating Transfer
<br />159,710
<br />1,492,330
<br />1,675,342
<br />(183,012)
<br />(11)
<br />1,971,412
<br />157,558
<br />1,608,080
<br />(115,749)
<br />(7)
<br />Net Income Profit(Loss)
<br />628,323
<br />2,269,014
<br />1,457,391
<br />811,622
<br />56
<br />1,573,740
<br />572,925
<br />1,291,657
<br />977,356
<br />76
<br />Item Variance of+/- $25,000 and+/- 15%
<br />(1) YTD budget variance is mainly due to Big Lake Residential 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 large a large connection agreement in January and July 2024.
<br />(4) YTD budget and PTYD variance is mainly due to Contributions from Customers having a couple large SOWS for transformers for additional service and/or upgrade.
<br />(5) YTD budget variance and PYTD variance is due to most expense accounts being favorable to budget and less than prior year.
<br />(6) YTD budget variance is due to timing for loss on disposition of property being budgeted for AMI project. PTYD budget variance is due to mutual aid in 2024.
<br />(7) PYTD variance is due to professional services from Frontier Energy in 2024.
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