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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 NOVEMBER 2024
<br />2024 2024 2024 YTD 2024 YTD 2024 2023 2023 YTD 2023 v. Variance
<br />NOVEMBER YTD YTD Budget Bud Var% ANNUAL NOVEMBER YTD VARIANCE 2024 Actual Item
<br />BUDGET Variance BUDGET Var%
<br />237,998 2,654,327 2,641,795 12,532 0 2,788,003 185,173 3,162,594 (508,2(1)
<br />237,998 2,654,327 2,641,795 12,532 0 2,788,003 185,173 3,162,594 (508,267) (16)
<br />12,708
<br />96,698
<br />38,042
<br />58,657 -
<br />41,500
<br />8,104
<br />44,720
<br />51,978 -(2)
<br />2,400
<br />26,174
<br />22,917
<br />3,258 14
<br />25,000
<br />2,061
<br />22,156
<br />4,018 18
<br />52,991
<br />502,713
<br />233,750
<br />268,963
<br />255,000
<br />60,842
<br />283,724
<br />218,989 � (3)
<br />995
<br />12,364
<br />14,254
<br />(1,891) (13)
<br />618,786
<br />995
<br />16,837
<br />(4,473) (27)
<br />69,093
<br />637,949
<br />308,963
<br />328,987 106
<br />940,286
<br />72,002
<br />367,437
<br />270,512 74
<br />307,091
<br />3,292,276
<br />2,950,758
<br />341,518 12
<br />3,728,289
<br />257,175
<br />3,530,031
<br />(237,755) (7)
<br />4,273
<br />108,768
<br />105,417
<br />3,352
<br />3
<br />115,000
<br />6,163
<br />95,652
<br />13,116
<br />14
<br />65,153
<br />565,127
<br />591,865
<br />(26,739)
<br />(5)
<br />645,671
<br />34,910
<br />537,363
<br />27,763
<br />5
<br />25,828
<br />334,350
<br />389,802
<br />(55,451)
<br />(14)
<br />422,250
<br />18,828
<br />305,423
<br />28,927
<br />9
<br />100,186
<br />1,107,338
<br />1,053,250
<br />54,088
<br />5
<br />1,148,988
<br />97,594
<br />1,073,779
<br />33,558
<br />3
<br />2,712
<br />31,237
<br />31,237
<br />0
<br />0
<br />33,949
<br />2,912
<br />33,437
<br />(2,200)
<br />(7)
<br />59
<br />1,349
<br />17,025 JJffL.L15,676)-
<br />82,300
<br />107
<br />3,126
<br />(1,777)
<br />(57) (4)
<br />8,038
<br />88,933
<br />84,104
<br />4,829
<br />6
<br />91,750
<br />5,794
<br />80,774
<br />8,159
<br />10
<br />88,694
<br />903,714
<br />1,006,250
<br />(102,537)
<br />(10)
<br />1,092,624
<br />81,733
<br />847,874
<br />55,840
<br />7
<br />163
<br />2,715
<br />13,979
<br />(11,264)
<br />(81)
<br />15,250
<br />52
<br />4,733
<br />(2,018)
<br />(43)
<br />295,106
<br />3,143,531
<br />3,292,929
<br />(149,398)
<br />(5)
<br />3,647,782
<br />248,093
<br />2,982,162
<br />161,369
<br />5
<br />Operating Transfer
<br />Utilities & Labor Donated 0 0 1,375 (1,375) (100) 1,500 0 0 0 0
<br />Total Operating Transfer 0 0 1,375 (1,375) (100) 1,500 0 0 0 0
<br />Net Income Profit(Loss) 11,985 148,745 (343,546) 492,291 143 79,007 9,082 547,868 (399,123) (73)
<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 variance is due to timing of loss on disposition of property for AMI project.
<br />99
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