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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 DECEMBER 2024
<br />2024 2024 2024 YTD 2024 YTD 2024 2023 2023 YTD 2023 v. Variance
<br />DECEMBER YTD YTD Budget Bud Var% ANNUAL DECEMBER YTD VARIANCE 2024 Actual Item
<br />BUDGET Variance BUDGET Var%
<br />2,541,317
<br />37,980,291
<br />42,685,299
<br />(4,705,008) (11)
<br />42,685,299
<br />2,433,461
<br />39,485,338
<br />(1,505,047)
<br />(4)
<br />245,050
<br />3,837,844
<br />3,514,568
<br />323,276 9
<br />3,514,568
<br />220,975
<br />3,752,121
<br />85,723
<br />2
<br />14,047
<br />203,394
<br />243,412
<br />(40,018�
<br />243,412
<br />13,068
<br />216,032
<br />(12,638)
<br />(6) (1)
<br />16,648
<br />252,159
<br />292,752
<br />(40,593) (14)
<br />292,752
<br />15,042
<br />267,288
<br />(15,129)
<br />(6)
<br />21,832
<br />260,838
<br />260,000
<br />838 0
<br />260,000
<br />21,674
<br />259,192
<br />1,646
<br />1
<br />400
<br />4,800
<br />4,800
<br />0 0
<br />4,800
<br />400
<br />4,800
<br />0
<br />0
<br />2,839,294
<br />42,539,326
<br />47,000,831
<br />(4,461,505) (9)
<br />47,000,831
<br />2,704,619
<br />43,984,771
<br />(1,445,445)
<br />(3)
<br />25,830
<br />338,144
<br />85,000 `
<br />253,144 -
<br />85,000
<br />46,659
<br />158,310 11W9,834 -(2)
<br />24,752
<br />295,143
<br />285,000
<br />10,143 4
<br />285,000
<br />19,454
<br />308,374
<br />(13,231) (4)
<br />19,307
<br />317,234
<br />135,000
<br />182,234
<br />135,000
<br />11,135
<br />151,296 F
<br />165,938 -(3)
<br />67,420
<br />1,570,994
<br />1,016,000
<br />554,994
<br />1,016,000
<br />233,040
<br />1,496,934
<br />74,060 5 (4)
<br />137,309
<br />2,521,516
<br />1,521,000
<br />1,000,516 66
<br />1,521,000
<br />310,289
<br />2,114,915
<br />406,601 19
<br />2,976,602
<br />45,060,842
<br />48,521,831
<br />(3,460,990) (7)
<br />48,521,831
<br />3,014,908
<br />46,099,685
<br />(1,038,844) (2)
<br />1,967,635
<br />28,590,698
<br />32,756,447
<br />(4,165,749) (13)
<br />32,756,447
<br />2,142,668
<br />31,232,788
<br />(2,642,090)
<br />(8)
<br />27,807
<br />266,782
<br />369,000
<br />(102,218)-
<br />369,000
<br />27,441
<br />315,056
<br />(5)
<br />2,693
<br />48,623
<br />72,000
<br />(23,377) (32)
<br />72,000
<br />4,445
<br />63,811
<br />(15,188)
<br />(24)
<br />34,667
<br />427,240
<br />425,917
<br />1,323 0
<br />425,917
<br />31,133
<br />434,319
<br />(7,079)
<br />(2)
<br />179,664
<br />1,842,552
<br />1,668,500
<br />174,052 10
<br />1,668,500
<br />155,462
<br />1,671,362
<br />171,190
<br />10
<br />277,984
<br />3,308,116
<br />3,107,612
<br />200,504 6
<br />3,107,612
<br />275,138
<br />3,177,121
<br />130,995
<br />4
<br />63,258
<br />773,748
<br />785,810
<br />(12,062) (2)
<br />785,810
<br />66,412
<br />810,832
<br />(37,083)
<br />(5)
<br />5,025
<br />117,735
<br />506,900 r
<br />(389,165)�
<br />506,900
<br />215,919
<br />279,687
<br />(161,95 (6)
<br />32,013
<br />430,396
<br />439,000
<br />(8,604) (2)
<br />439,000
<br />34,764
<br />433,554
<br />(3,159)
<br />(1)
<br />353,312
<br />4,037,296
<br />4,208,492
<br />(171,196) (4)
<br />4,208,492
<br />345,892
<br />3,821,906
<br />215,390
<br />6
<br />48,059
<br />577,176
<br />637,000
<br />(59,824) (9)
<br />637,000
<br />34,755
<br />388,038
<br />189,
<br />(7)
<br />2,992,118
<br />40,420,362
<br />44,976,679
<br />(4,556,317) (10)
<br />44,976,679
<br />3,334,029
<br />42,628,472
<br />(2,208,110)
<br />(5)
<br />102,355
<br />1,527,629
<br />1,707,412
<br />(179,783)
<br />(11)
<br />1,707,412
<br />98,038
<br />1,620,378
<br />(92,748)
<br />(6)
<br />18,779
<br />229,359
<br />264,000
<br />(34,642)
<br />(13)
<br />264,000
<br />18,464
<br />253,564
<br />(24,205)
<br />(10)
<br />121,134
<br />1,756,988
<br />1,971,412
<br />(214,424)
<br />(11)
<br />1,971,412
<br />116,502
<br />1,873,941
<br />(116,953)
<br />(6)
<br />(136,650)
<br />2,883,492
<br />1,573,740
<br />1,309,751
<br />83
<br />1,573,740
<br />(435,623)
<br />1,597,272
<br />1,286,220
<br />81
<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 riming of GASB pension entry and for loss on disposition of property being budgeted for AMI project (2024 entry has not been made yet).
<br />(7) PYTD variance is due to professional services from Frontier Energy in 2024.
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