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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 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 />149,275 2,803,602 2,788,003 15,598 1 2,788,003 142,554 3,305,147 W (501,546)-(1)
<br />149,275 2,803,602 2,788,003 15,598 1 2,788,003 142,554 3,305,147 (501,546) (15)
<br />8,861
<br />105,560
<br />41,500 JW
<br />64,060 -
<br />41,500
<br />13,726
<br />58,447 W
<br />47,113 -(2)
<br />4,928
<br />31,102
<br />25,000
<br />6,102 24
<br />25,000
<br />961
<br />23,118
<br />7,984 35
<br />47,694
<br />550,407
<br />255,000 FW
<br />295,407
<br />255,000
<br />25,351
<br />309,075PW
<br />241,332 (3)
<br />1,824
<br />14,187
<br />618,786
<br />(604,599)
<br />618,786
<br />1,752,402
<br />1,769,239
<br />(1,755,051) (4)
<br />63,307
<br />701,256
<br />940,286
<br />(239,030) (25)
<br />940,286
<br />1,792,441
<br />2,159,877
<br />(1,458,622) (68)
<br />212,581
<br />3,504,857
<br />3,728,289
<br />(223,432) (6)
<br />3,728,289
<br />1,934,994
<br />5,465,025
<br />(1,960,167) (36)
<br />10,006
<br />118,775
<br />115,000
<br />3,775
<br />3
<br />115,000
<br />9,176
<br />104,829
<br />13,946
<br />13
<br />73,249
<br />638,375
<br />645,671
<br />(7,296)
<br />(1)
<br />645,671
<br />25,688
<br />563,051
<br />75,324
<br />13
<br />45,808
<br />380,158
<br />422,250
<br />(42,092)
<br />(10)
<br />422,250
<br />13,004
<br />318,427
<br />(5)
<br />113,909
<br />1,221,246
<br />1,148,988
<br />72,259
<br />6
<br />1,148,988
<br />100,974
<br />1,174,753
<br />46,493
<br />4
<br />2,712
<br />33,949
<br />33,949
<br />0
<br />0
<br />33,949
<br />2,912
<br />36,349
<br />(2,400)
<br />(7)
<br />16,334
<br />17,683
<br />82,300
<br />82,300
<br />19,441
<br />22,568
<br />(4,884)
<br />(22) (6)
<br />7,682
<br />96,615
<br />91,750
<br />4,865
<br />5
<br />91,750
<br />7,866
<br />88,640
<br />7,975
<br />9
<br />76,474
<br />980,188
<br />1,092,624
<br />(112,436)
<br />(10)
<br />1,092,624
<br />71,792
<br />919,666
<br />60,522
<br />7
<br />176
<br />2,891
<br />15,250
<br />(12,359)
<br />(81)
<br />15,250
<br />(597)
<br />4,136
<br />(1,245)
<br />(30)
<br />346,350
<br />3,489,881
<br />3,647,782
<br />(157,901)
<br />(4)
<br />3,647,782
<br />250,256
<br />3,232,418
<br />257,463
<br />8
<br />0 0 1,500 (1,500) (100) 1,500 0 0 0 0
<br />0 0 1,500 (1,500) (100) 1,500 0 0 0 0
<br />(133,769) 14,977 79,007 (64,031) (81) 79,007 1,684,739 2,232,607 (2,217,630) (99)
<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) YTD budget and PYTD variance due to timing of entries for year-end (entries not yet posted for 2024).
<br />(5) PYTD variance is due to water meter service expenses from AMI project in 2024.
<br />(6) YTD budget variance is due to timing of loss on disposition of property for AMI project. Entry has not been posted for 2024 yet.
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