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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 />Operating Transfer/Other Funds
<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 NOVEMBER 2024
<br />2024
<br />2024 2024 YTD 2024 YTD
<br />2024
<br />2023
<br />2023
<br />YTD
<br />2023 v. Variance
<br />NOVEMBER
<br />YTD YTD Budget Bud Var%
<br />ANNUAL
<br />NOVEMBER
<br />YTD
<br />VARIANCE
<br />2024 Actual Item
<br />BUDGET Variance
<br />BUDGET
<br />Var%
<br />3,048,280
<br />35,438,974 39,752,570 (4,313,596) (11)
<br />42,685,299
<br />3,232,546
<br />37,051,876
<br />(1,612,902)
<br />(4)
<br />311,280
<br />3,592,794 3,283,883 308,911 9
<br />3,514,568
<br />325,887
<br />3,531,147
<br />61,647
<br />2
<br />15,587
<br />189,347 227,019
<br />243,412
<br />17,959
<br />202,964
<br />(13,617)
<br />(7) (1)
<br />19,242
<br />235,511 274,383 (38,872) (14)
<br />292,752
<br />22,106
<br />252,246
<br />(16,735)
<br />(7)
<br />21,789
<br />239,006 238,333 673 0
<br />260,000
<br />21,699
<br />237,518
<br />1,488
<br />1
<br />400
<br />4,400 4,400 0 0
<br />4,800
<br />400
<br />4,400
<br />0
<br />0
<br />3,416,578
<br />39,700,032 43,780,588 (4,080,556) (9)
<br />47,000,831
<br />3,620,596
<br />41,280,151
<br />(1,580,119)
<br />(4)
<br />44,805
<br />312,314
<br />77,917 �? 4,397'
<br />85,000
<br />24,475
<br />111,651 W 200,663 -(2)
<br />29,019
<br />270,391
<br />261,250
<br />9,141 3
<br />285,000
<br />29,325
<br />288,920
<br />(18,529) (6)
<br />18,870
<br />297,927
<br />123,750 L
<br />174,177 =
<br />135,000
<br />23,430
<br />140,161
<br />157,766 -(3)
<br />131,563
<br />1,503,575
<br />929,667
<br />573,908
<br />1,016,000
<br />150,318
<br />1,263,894
<br />239,680 (4)
<br />224,258
<br />2,384,207
<br />1,392,583
<br />991,624 71
<br />1,521,000
<br />227,548
<br />1,804,626
<br />579,581 32
<br />3,640,835
<br />42,084,239
<br />45,173,172
<br />(3,088,933) (7)
<br />48,521,831
<br />3,848,144
<br />43,084,777
<br />(1,000,538) (2)
<br />1,854,888
<br />26,623,063
<br />30,366,237
<br />(3,743,173)
<br />(12)
<br />32,756,447
<br />2,052,913
<br />29,090,120
<br />(2,467,057) (8)
<br />21,674
<br />238,976
<br />327,033
<br />(88,058)-
<br />369,000
<br />18,800
<br />287,615
<br />(48,639)-(5)
<br />2,498
<br />45,929
<br />66,000
<br />(20,071)
<br />(30)
<br />72,000
<br />4,509
<br />59,366
<br />(13,436) (23)
<br />24,737
<br />392,573
<br />388,208
<br />4,365
<br />1
<br />425,917
<br />35,386
<br />403,186
<br />(10,613) (3)
<br />106,623
<br />1,662,888
<br />1,518,625
<br />144,263
<br />9
<br />1,668,500
<br />127,331
<br />1,515,900
<br />146,988 10
<br />275,623
<br />3,030,132
<br />2,848,648
<br />181,484
<br />6
<br />3,107,612
<br />265,018
<br />2,901,983
<br />128,149 4
<br />63,258
<br />710,490
<br />710,490
<br />0
<br />0
<br />785,810
<br />66,412
<br />744,420
<br />(33,929) (5)
<br />5,804
<br />112,710
<br />207,225
<br />506,900
<br />4,317
<br />63,768 48,942 � (6)
<br />33,864
<br />398,383
<br />402,417
<br />(4,034)
<br />(1)
<br />439,000
<br />34,676
<br />398,790
<br />(407) (0)
<br />323,385
<br />3,683,984
<br />3,841,431
<br />(157,447)
<br />(4)
<br />4,208,492
<br />311,254
<br />3,476,013
<br />207,970 6
<br />33,831
<br />529,117
<br />583,917
<br />(54,799)
<br />(9)
<br />637,000
<br />36,931
<br />353,283
<br />175,834 (7)
<br />2,746,185
<br />37,428,244
<br />41,260,231
<br />(3,831,986)
<br />(9)
<br />44,976,679
<br />2,957,547
<br />39,294,443
<br />(1,866,199) (5)
<br />122,634
<br />1,425,274
<br />1,590,103
<br />(164,829)
<br />(10)
<br />1,707,412
<br />130,002
<br />1,522,340
<br />(97,066)
<br />(6)
<br />20,889
<br />210,579
<br />242,000
<br />(31,421)
<br />(13)
<br />264,000
<br />19,357
<br />235,099
<br />(24,520)
<br />(10)
<br />143,523
<br />1,635,853
<br />1,832,103
<br />(196,249)
<br />(11)
<br />1,971,412
<br />149,359
<br />1,757,439
<br />(121,586)
<br />(7)
<br />751,128
<br />3,020,141
<br />2,080,838
<br />939,303
<br />45
<br />1,573,740
<br />741,238
<br />2,032,895
<br />987,246
<br />49
<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.
<br />57
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