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ELK RIVER MUNICIPAL UTILITIES
<br />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 />ELK RIVER, MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
<br />FOR PERIOD ENDING OCTOBER 2024
<br />2024 2024 2024 YTD 2024 YTD 2024 2023 2023 YTD 2023 v. Variance
<br />OCTOBER YTD YTD Budget Bud Var% ANNUAL OCTOBER YTD VARIANCE 2024 Actual Item
<br />BUDGET Variance BUDGET Var%
<br />339,713 2,416,329 2,480,629 (64,300) (3) 2,788,003 321,585 2,977,421 (561,092)-(1)
<br />339,713 2,416,329 2,480,629 (64,300) (3) 2,788,003 321,585 2,977,421 (561,092) (19)
<br />(588)
<br />83,991
<br />34,583
<br />49,407 -
<br />41,500
<br />5,629
<br />36,617
<br />47,374 -(2)
<br />5,545
<br />23,774
<br />20,833
<br />2,941 14
<br />25,000
<br />2,564
<br />20,095
<br />3,679 18
<br />44,140
<br />449,722
<br />212,500
<br />237,222 -
<br />255,000
<br />54,676
<br />222,881
<br />226,841 �(3)
<br />975
<br />11,369
<br />12,958
<br />(1,590) (12)
<br />618,786
<br />1,390
<br />15,842
<br />(4,473) (28)
<br />50,072
<br />568,856
<br />280,875
<br />287,981 103
<br />940,286
<br />64,260
<br />295,435
<br />273,421 93
<br />389,785
<br />2,985,185
<br />2,761,504
<br />223,681 8
<br />3,728,289
<br />385,845
<br />3,272,856
<br />(287,671) (9)
<br />8,981
<br />104,496
<br />95,833
<br />8,662
<br />9
<br />115,000
<br />11,359
<br />89,490
<br />(4)
<br />44,807
<br />499,974
<br />538,060
<br />(38,086)
<br />(7)
<br />645,671
<br />37,220
<br />502,453
<br />(2,479)
<br />(0)
<br />38,697
<br />308,522
<br />357,353
<br />(48,831)
<br />(14)
<br />422,250
<br />23,308
<br />286,595
<br />21,927
<br />8
<br />99,953
<br />1,007,152
<br />957,500
<br />49,652
<br />5
<br />1,148,988
<br />97,539
<br />976,185
<br />30,967
<br />3
<br />2,712
<br />28,524
<br />28,524
<br />0
<br />0
<br />33,949
<br />2,912
<br />30,524
<br />(2,000)
<br />(7)
<br />327
<br />1,290
<br />16,750 a
<br />(15,460)�
<br />82,300
<br />274
<br />3,019
<br />(1,729)
<br />(57) (5)
<br />9,183
<br />80,895
<br />76,458
<br />4,437
<br />6
<br />91,750
<br />8,906
<br />74,980
<br />5,915
<br />8
<br />78,420
<br />815,020
<br />901,782
<br />(86,763)
<br />(10)
<br />1,092,624
<br />66,363
<br />766,142
<br />48,878
<br />6
<br />98
<br />2,553
<br />12,708
<br />(10,156)
<br />(80)
<br />15,250
<br />61
<br />4,681
<br />(2,129)
<br />(45)
<br />283,178
<br />2,848,425
<br />2,984,969
<br />(136,544)
<br />(5)
<br />3,647,782
<br />247,943
<br />2,734,069
<br />114,356
<br />4
<br />Operating Transfer
<br />Utilities & Labor Donated 0 0 1,250 (1,250) (100) 1,500 0 0 0 0
<br />Total Operating Transfer 0 0 1,250 (1,250) (100) 1,500 0 0 0 0
<br />Net Income Profit(Loss) 106,607 136,760 (224,715) 361,474 161 79,007 137,901 538,787 (402,027) (75)
<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 mainly due to increased labor for mtce of structures.
<br />(5) YTD budget variance is due to timing of loss on disposition of property for AMI project.
<br />61
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