Laserfiche WebLink
Elk River <br />Municipal Utilities UTILITIES COMMISSION MEETING <br />TO: <br />FROM: <br />ERMU Commission <br />Melissa Karpinski — Finance Manager <br />MEETING DATE: <br />AGENDA ITEM NUMBER: <br />April 8, 2025 <br />5.1 <br />SUBJECT: <br />Financial Report — February 2025 <br />ACTION REQUESTED: <br />Receive the February 2025 Financial Report <br />DISCUSSION: <br />Please note that these are the preliminary unaudited financial statements. <br />Electric <br />February year to date (YTD) electric kWh sales are up 6% from the prior year. For further <br />breakdown: <br />• Residential usage is up 10% <br />• Small Commercial usage is up 9% <br />• Large Commercial usage is up 4% <br />For February 2025, the Electric Department overall is ahead of prior YTD and favorable to <br />budget YTD. Additional variance analysis can be found on the Summary Electric Statement of <br />Revenues, Expenses and Changes in Net Position attachment. <br />Water <br />February YTD gallons of water sold are up 4% from the prior year. For further breakdown: <br />• Residential use is up 3% <br />• Commercial use is up 5% <br />For February 2025, the Water Department overall is behind prior YTD but favorable to budget <br />YTD. Additional variance analysis can be found on the Summary Water Statement of Revenues, <br />Expenses and Changes in Net Position attachment. <br />ATTACHMENTS: <br />• Balance Sheet 2.2025 <br />• Electric Balance Sheet 2.2025 <br />• Water Balance Sheet 2.2025 <br />• Summary Electric Statement of Revenues, Expenses and Changes in Net Position 2.2025 <br />• Summary Water Statement of Revenues, Expenses and Changes in Net Position 2.2025 <br />• Graphs Prior Year and YTD 2025 <br />• Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 2.2025 <br />Page 1 of 2 <br />145 <br />