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2.3. ERMUSR 04-14-2015 FINANCIAL INDEX Feb-15 PAGE P& L NARRATIVE 29 COMBINED BALANCE SHEET 31 ELECTRIC INCOME STATEMENT 32 WATER INCOME STATEMENT 34 GRAPH #1 ELECTRICAL PURCHASES 35 GRAPH#2 ELECTRIC SALES 36 GRAPH#3 ELECTRIC SALES/CUSTOMER CLASS 37 GRAPH #4 WATER PRODUCTION 38 GRAPH#5 WATER SALES 39 DETAILED ELECTRIC INCOME STATEMENT 40 41 42 43 44 45 DETAILED WATER INCOME STATEMENT 46 47 48 49 28 PROFIT AND LOSS NARRATIVE February 2015 Electric P&L February's electric kwh sales (for January usage) are up slightly from the prior year by 1.2% overall: • Residential usage is up 3.6% • Small Commercial usage is up 18% • Large Commercial usage is down 3% from the prior year. February Operating Revenue is over the prior year by 4%, over year-to-date numbers by 9%, and over year-to-date budgeted numbers by 4%. Other Revenue is down 9% from the prior year but year-to-date only down 3%. Penalty fees are increased and security income is decreased close to the same amounts, however, Miscellaneous Revenue is decreased 125% as MISO revenues were re-allocated to applicable months (this will correct itself next month). Overall,Revenues are ahead of the prior year by 3%, and year-to-date are ahead by 8%. Purchased Power is down from the prior year 9%. If you will recall, last year there were significant PCA charges being passed along. This year we have seen PCA credits so far of approximately$90,000 and will be receiving additional PCA credits of approximately $100,000. The PCAs (Power Cost Adjustments)are a tool for power providers to recoup extraordinary costs incurred in delivering the power that would not be covered by the regular rate. When ERMU is charged a PCA from our power provider, it increases our expense for our purchased power. If we choose to pass on the PCA, our power cost is not reduced - we simply make it back in our revenues charged to our customers (much like the power provider did to us.) Conversely, if we receive a credit PCA from our power provider, it reduces our power cost, and if we choose to pass it on to our customers, our revenues are reduced as we credit our customers. For other expenses,most are consistent with the prior year. The biggest impact is the insurance premium for January through July. This will be distributed in future months. Total expenses were $2,373,678,under the previous year by 7% and under year-to-date numbers by 6%. For February,the Electric Department has a Net Income of$173,296, compared to the prior year Net Loss of($82,649). 29 Water P&L February's water consumption is up 8% overall from the prior year: • Residential usage is up 3% • Commercial usage is up 19% Water Operating Revenues are again ahead of last year by 10% at$119,598, and year-to- date ahead by 11%. Other Revenue of$23,523 is down significantly from the prior year. Connection Fees are the driver here with$52,000 for a commercial water connection in 2014. Total Revenues of$143,121 are down from the prior year by 25%and year-to-date decreased 4%. Expenses are down from the prior year by 6%. Water Distribution Expense is down due to the timing of the water DNR permit paid in January this year versus February last year. Total Expenses were $198,743 compared to the prior year of$211,675. For February, the Water Department has a net loss (which is expected this time of year) of($55,955), and behind last year of($21,645). ICI 30 COMBINED BALANCE SHEET FEBRUARY 2015 ELECTRIC WATER ASSETS CURRENT ASSETS CASH&TEMPORARY INVESTMENTS 8,924,430 2,083,629 ACCOUNTS RECEIVABLE 3,198,204 327,245 INVENTORIES 965,488 14,084 PREPAID ITEMS 173,278 25,394 CONSTRUCTION IN PROGRESS 197,746 599,576 TOTAL CURRENT ASSETS 13,459,146 3,049,930 RESTRICTED ASSETS BOND RESERVE FUND 490,500 0 EMERGENCY RESERVE FUND 2,501,767 1,149,818 UNRESTRICTED RESERVE FUND 38,884 113,824 TOTAL RESTRICTED ASSETS 3,031,151 1,263,642 FIXED ASSETS PRODUCTION 391,218 11,143,740 LFG PROJECT 3,804,327 0 TRANSMISSION 710,988 0 DISTRIBUTION 34,223,488 21,910,558 GENERAL 7,615,977 869,209 FIXED ASSETS(COST) 46,745,998 33,923,507 LESS ACCUMULATED DEPRECIATION (20,354,231) (13,220,820) TOTAL FIXED ASSETS,NET 26,391,767 20,702,687 OTHER ASSETS AND DEFFERED OUTFLOWS (73,693) (6,542) TOTAL ASSETS 42,808,371 25,009,717 LIABILITIES AND FUND EQUITY CURRENT LIABILITIES ACCOUNTS PAYABLE 3,086,705 48,523 SALARIES AND BENEFITS PAYABLE 328,425 109,348 DUE TO CITY 707,313 0 DUE TO OTHER FUNDS 0 0 BONDS PAYABLE-CURRENT PORTION 390,000 0 UNEARNED REVENUE 8,439 50,180 TOTAL CURRENT LIABLITIES 4,520,882 208,051 LONG TERM LIABILITIES LFG PROJECT 1,408,358 0 DUE TO COUNTY 0 0 BONDS PAYABLE,LESS CURRENT PORTION 3,604,252 1,849,818 TOTAL LONG TERM LIABILITIES 5,012,610 1,849,818 TOTAL LIABILITIES 9,533,492 2,057,869 FUND EQUITY CAPITAL ACCOUNT CONST COST 490,500 0 CONTRIBUTED CAPITAL 0 0 RETAINED EARNINGS 32,478,554 23,086,532 NET INCOME(LOSS)(THROUGH PREVIOUS MONTH) 305,824 (134,684) TOTAL FUND EQUITY 33,274,879 22,951,848 TOTAL LIABILITIES&FUND EQUITY 42,808,371 25,009,717 31 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING FEBRUARY 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 FEBRUARY YTD BUDGET BUDGET Bud Var% FEBRUARY YTD VARIANCE Actual Var% Electric Revenue Operating Revenue Elk River 2,297,010 4,526,302 4,326,468 27,876,812 5 2,184,753 4,132,774 393,529 10 Elk River-City Donated 15,648 31,541 32,795 219,650 (4) 17,849 32,608 (1,067) (3) Otsego 196,318 379,249 387,604 2,419,908 (2) 205,197 371,645 7,605 2 Rural Big Lake 17,187 34,484 38,846 219,471 (11) 19,779 36,687 (2,203) (6) Dayton 21,123 41,151 42,024 256,678 (2) 23,514 42,578 (1,426) (3) Public St&Hwy Lighting 30,489 60,876 64,678 386,861 (6) 30,713 60,028 848 1 Generation and Sub Station Credit 2,968 5,936 15,424 41,175 (62) 2,848 5,696 240 4 Dispersed Generation Credit (70,060) (136,280) (161,641) (771,008) (16) (70,060) (137,380) 1,100 (1) Other Revenue/CIP/Rate Increase/AC Credit 0 0 0 (50,000) 0 0 0 0 0 Total Operating Revenue 2,510,684 4,943,259 4,746,198 30,599,548 4 2,414,593 4,544,634 398,625 9 Other Operating Revenue Interest/Dividend Income 7,399 19,750 21,547 105,000 (8) 6,588 22,026 (2,276) (10) Customer Penalties 26,624 46,743 38,314 250,000 22 18,100 41,520 5,223 13 LFG Project 91,142 180,344 204,896 1,136,812 (12) 94,822 175,232 5,112 3 Connection Fees 3,210 12,635 13,598 125,000 (7) 6,505 17,020 (4,385) (26) Security 18,788 49,802 47,107 270,000 6 28,705 57,815 (8,013) (14) Misc Revenue (1,379) 17,333 11,092 125,720 56 5,396 23,620 (6,287) (27) Prior Period Adjustment 0 0 0 0 0 0 0 0 0 Total Other Revenue 145,783 326,607 336,554 2,012,532 (3) 160,116 337,233 (10,626) (3) Total Revenue 2,656,468 5,269,867 5,082,752 32,612,080 4 2,574,709 4,881,868 387,999 8 Expenses Purchased Power 1,769,100 3,533,595 3,499,055 22,577,733 1 1,950,782 3,811,445 (277,850) (7) Operating&Mtce Expense 20,947 37,154 46,730 327,422 (20) 28,448 54,555 (17,401) (32) Landfill Gas 55,246 111,404 95,768 717,500 16 49,654 105,589 5,815 6 Distribution Expense 14,841 44,301 38,336 227,515 16 15,660 38,063 6,238 16 Maintenance Expense 88,350 151,256 98,121 947,770 54 87,269 150,923 333 0 Depreciation 157,966 316,182 383,333 2,300,000 (18) 191,666 383,332 (67,150) (18) Interest Expense 11,220 23,260 23,532 133,089 (1) 15,820 32,502 (9,242) (28) Security 16,335 31,229 32,160 215,000 (3) 13,237 25,529 5,700 22 Other Operating Expense 1,182 311 (1,252) 30,248 (125) 2,606 8,783 (8,472) (96) Customer Accounts Expense 14,074 30,981 31,061 255,720 0 17,984 35,709 (4,728) (13) Administrative&General Expense 224,418 466,095 3441,639 3,053,013 6 175,599 402,420 63,675 16 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING FEBRUARY 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 FEBRUARY YTD BUDGET BUDGET Bud Var% FEBRUARY YTD VARIANCE Actual Var°/ Total Expenses(before Operating Transfers) 2,373,678 4,745,768 4,688,483 30,785,010 1 2,548,724 5,048,850 (303,082) (6) Operating Transfer Transfer To City For 99 Bond 0 0 0 0 0 0 0 0 0 Operating Transfer/Other Funds 66,175 131,549 124,706 810,000 5 64,343 121,336 10,213 8 Utilities&Labor Donated 43,318 86,726 82,235 515,000 5 44,290 84,179 2,547 3 Total Operating Transfer 109,493 218,275 206,941 1,325,000 5 108,633 205,514 12,761 6 Net Income Profit(Loss) 173,296 305,824 187,328 502,070 63 (82,649) (372,496) 678,320 (182) 33 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING FEBRUARY 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 FEBRUARY YTD BUDGET BUDGET Bud Var% FEBRUARY YTD VARIANCE Actual Var% Water Revenue Operating Revenue Water Sales 119,598 236,679 190,280 2,193,576 24 108,532 212,691 23,988 11 Total Operating Revenue 119,598 236,679 190,280 2,193,576 24 108,532 212,691 23,988 11 Other Operating Revenue Interest/Dividend Income 1,850 4,938 5,144 26,700 (4) 1,721 5,581 (643) (12) Customer Penalties 1,256 2,302 1,288 15,000 79 1,084 2,755 (454) (16) Connection Fees 7,279 33,032 16,202 165,000 104 68,863 74,297 (41,265) (56) Misc Revenue 13,138. 26,146 13,006 103,680 101 9,830 19,421 6,724 35 Restate Beginning Retained Earnings 0 0 0 0 0 0 0 0 0 Total Other Revenue 23,523 66,417 35,640 310,380 86 81,499 102,055 (35,638) (35) Total Revenue 143,121 303,096 225,920 2,503,956 34 190,031 314,746 (11,649) (4) Expenses Production Expense 489 914 11,140 20,000 (92) 901 1,571 (657) (42) Pumping Expense 37,453 64,366 72,927 449,600 (12) 31,871 62,878 1,488 2 Distribution Expense 10,960 22,925 22,973 192,500 0 28,405 37,752 (14,826) (39) Depreciation 92,992 185,983 188,334 1,130,000 (I) 93,333 186,666 (683) 0 Interest Expense 5,382 11,318 11,866 66,262 (5) 5,937 13,279 (1,961) (15) Other Operating Expense 76 112 (297) 228 (138) 36 112 0 0 Customer Accounts Expense 3,587 8,034 8,310 59,500 (3) 4,754 8,645 (611) (7) Administrative&General Expense 47,804 113,455 85,067 592,440 33 46,440 94,564 18,891 20 Total Expenses(before Operating Transfers) 198,743 407,109 400,320 2,510,530 2 211,675 405,468 1,641 0 Operating Transfer Transfer To City For 99 Bond 0 30,000 30,000 30,000 0 0 25,000 5,000 20 Operating Transfer/Other Funds 0 0 0 0 0 0 0 0 0 Operating Transfer From City 0 0 0 0 0 0 0 0 0 Utilities&Labor Donated 332 671 84 500 699 0 0 671 0 Total Operating Transfer 332 30,671 30,084 30,500 2 0 25,000 5,671 23 Net Income Profit(Loss) (55,955) (134,684) (204,484) (37,074) (34) (21,645) (115,722) (18,962) 16 34 Elk River Municipal Utilities Monthly Electrical Demand 65 60 , :f 55 `��` 2013 50 ,. r„_ 2 45 .� , �o, \. ..".;fir C40 ';° - -.4`,� r. tom` , � .4-it !C ••.` I `��+u E cl 35 t� `t 2014 25 20 ,,a,6 a6 acct PQ� 4•- ���° �J� J�Jy� F'0°c °•4°° c�••°ec F`°°c )a,. �V Q, °Q`° Da °A° O°°° 5 Month Elk River Municipal Utilities Monthly Energy Purchases 34,000 x 29,000 W _...-. 2013.. d - n 24,000 �' • i c \ .......... A d 19,000 w 2014 14,000 , � � r � �� ,a° �° aa c ,,9 , ,J -- ,(\,60 �, o J �aJ Month 35 Elk River Municipal Utilities Monthly Total Electric Load 28,000 - 26,000 � �*.�_� 24,000 `` .. r f''� . 22,000 ". ,� ': 7 20,000 2014 to 3 18,000 �:.` 0 ® �'x r 16,000.; � '`.. ; . Ti ,t , am w 14,000 -'' 12,000 '-r� .,: 10,000 �.,Y : ��J�6 ,° �� ��<<r P��\ �a� ,J�e ,J)� P�Jy� Q'`oe a,,c) o_, .. o���oc 5e O Month Elk River Municipal Utilities Monthly Electric Sales $3,500,000 $3,000,000 , �. 2 ,•- �� 2013 ` �`,$2,500,000 co o vs ■ �_ y $2,000,000 co N $1,500,000 $1,000,000 , /4/ i PQ�\ ��� ,J�o ,J�\ PJ�Jyti o��mc a'�o�oc ,e���c ���c 5o O O Month 36 Elk River Municipal Utilities Monthly Residential, Commercial & Industrial Loads 18,000 16,000 °�. 14,000 --- _ ,. :.. 12,000 •- 10,000 Residential y x}14 ° n 8,000 I; �, 2 6,000 ' .---_- -- .S 4,000 2,000 C1 C1 °,�` � a� �a J� Je'` .��� 46c ��c Vic ,�c,Ja F��c, lac QQ �J P,- e9 ‘4 O°�° 0-% aG�� g O Month Elk River Municipal Utilities Monthly Residential, Commercial & Industrial Sales $1,800,000 - 0 $1,600,000 tr .. .R ` yI '. _,0- ► `$1,400,000 �s ' L $1,200,000 - •. =- o $1,000,000 • -..,.� • Residential . - 0 „„4,5,...„ $800,000 - Co $600,000 2014 $400,000 Comrtmercial r,..••------i $200,000 $0 °Jed � eo �ec°r N,9* �A ,• �J�\ Pte' �,zcc c G`°,Q°c ,°f,Qec ��,oec F0 5°Q �° p° Month 37 Elk River Municipal Utilities Monthly Water Pumpage 140 120 ' . oo 100 .04F, "). " . / %/4, * , i 80t /i / '\ c % CD CD E 40 w a 20 2013 0 . �a�?) t<0 't*��c PQ ��� �J�e ,�\� PJ�Jy� �e��e` a'�o�e` e��ec ���` Month Elk River Municipal Utilities Peak Day Pumpage s - , 5 /..-.4v,.wi1, 1' I O / `% / / i s 2014 1 t� C //wwww= '`` D I ``♦ Y • 2 •/ cu ww .� �aYrsww. O. 1 2013 , Jc1 c1 6r �a\ �� //e aaaPQ�o� ``a Month 38 Elk River Municipal Utilities Monthly Water Sales 140 .,, F A ,z 120 , ,t %, Pr "% cD 100 �!C 0 80 + i , 4 " 0 .. ;, E 60 `yf V. 0° 2N ,. — , � "m 40 �Cl) 20 a�ac1 ��`Jac1 ��<<r P9 4a� C� ��� V' e, �m��e` OG�o��c oJ���ec �G��,o�t Month Elk River Municipal Utilities Monthly Water Sales $450,000 $400,000 %%, • $350,000 � i $300,000 a • �a ! c $250,000 i � LL : G $200,000 om` N 2014 ,____ $150,000 • ` , .r. y ... 0° 20 3 - ��� $100,000 "____•., _�� $50,000 $0 , I ��Jac1 ��a> �rc`r PQ�\ �a� �JCe J� P°�J�� ���,a�c oG�oo�c ,��,oec ��,o�c F� co �o O� Month 39 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING FEBRUARY 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 FEBRUARY YTD BUDGET BUDGET Bud Var% FEBRUARY YTD VARIANCE Actual Var% Electric Revenue Operating Revenue Elk River 440.4411 ELECT SALES/ELK RIVER RES 865,558 1,741,963 1,715,727 9,981,317 2 836,440 1,673,346 68,618 4 440.4412 ELECT SALES/ER NON-DEMAND 270,219 487,961 410,381 2,750,593 19 222,833 411,644 76,317 19 440.4413 ELECT SALES/ER DEMAND 1,161,233 2,296,378 2,200,360 15,144,902 4 1,125,481 2,047,784 248,594 12 Total For Elk River: 2,297,010 4,526,302 4,326,468 27,876,812 5 2,184,753 4,132,774 393,529 10 Elk River-City Donated 440.4415 ELECT SALES/ER CITY DONATED 15,648 31,541 32,795 219,650 (4) 17,849 32,608 (1,067) (3) Total For Elk River-City Donated: 15,648 31,541 32,795 219,650 (4) 17,849 32,608 (1,067) (3) Otsego 440.4416 ELECT SALES/OTSEGO RES 101,876 195,367 197,838 1,178,976 (1) 105,309 193,155 2,212 1 440.4417 ELECT SALES/OTSEGO NON-DEM 36,358 71,133 68,536 467,476 4 37,934 68,033 3,100 5 440.4418 ELECT SALES/OTSEGO DEMAND 58,085 112,750 121,230 773,456 (7) 61,954 110,457 2,293 2 Total For Otsego: 196,318 379,249 387,604 2,419,908 (2) 205,197 371,645 7,605 2 Rural Big Lake 440.4421 ELECT SALES/BIG LAKE RES 17,054 34,224 38,685 216,898 (12) 19,642 36,396 (2,172) (6) 440.4422 ELECT SALES/BL NON-DEMAND 133 260 161 2,573 61 137 290 (31) (10) Total For Rural Big Lake: 17,187 34,484 38,846 219,471 (11) 19,779 36,687 (2,203) (6) Dayton 440.4431 ELECT SALES/DAYTON RES 18,387 35,578 36,333 220,728 (2) 20,592 37,294 (1,715) (5) 440.4432 ELECT SALES/DAYTON NON-DEM 2,736 5,573 5,691 35,950 (2) 2,921 5,284 289 5 Total For Dayton: 21,123 41,151 42,024 256,678 (2) 23,514 42,578 (1,426) (3) Public St&Hwy Lighting 440.4414 ELECT SALES/ELK RIVER SEC LTS 3,999 8,037 5,504 34,317 46 3,022 5,836 2,201 38 440.4419 ELECT SALES/OTSEGO SEC LTS 0 0 0 0 0 807 1,636 (1,636) 0 440.4424 ELECT SALES/BIG LAKE SEC LTS 0 0 0 0 0 154 309 (309) 0 440.4434 ELECT SALES/DAYTON SEC LTS 0 0 0 0 0 289 691 (691) 0 440.4441 PUBLIC ST&HWY LIGHTING/CIT 26,490 52,840 59,174 352,544 (I 1) 26,441 51,556 1,283 2 Total For Public St&Hwy Lighting: 30,489 60,876 64,678 386,861 (6) 30,713 60,028 848 1 Generation and Sub Station Credit 440.4550 SUB-STATION CREDIT 1,168 2,336 2,336 14,015 0 1,168 2,336 0 0 40 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING FEBRUARY 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 FEBRUARY YTD BUDGET BUDGET Bud Var% FEBRUARY YTD VARIANCE Actual Var% 440.4551 GENERATION CREDIT 1,800 3,600 13,088 20,160 (72) 1,680 3,360 240 7 Total For Generation and Sub Station Credit: 2,968 5,936 15,424 41,175 (62) 2,848 5,696 240 4 Dispersed Generation Credit 440.4552 DISPERSED GENERATION CREDIT (70,060) (136,280) (161,641) (771,008) (16) (70,060) (137,380) 1,100 (1) Total For Dispersed Generation Credit: (70,060) (136,280) (161,641) (771,008) (16) (70,060) (137,380) 1,100 (1) Other Revenue/CIP/Rate Increase/AC Credit Total For Other Revenue/CIP/Rate Increase/AC Cred 0 0 0 (50,000) 0 0 0 0 0 Total Operating Revenue 2,510,684 4,943,259 4,746,198 30,599,548 4 2,414,593 4,544,634 398,625 9 Other Operating Revenue Interest/Dividend Income 460.4691 INTEREST&DIVIDEND INCOME 7,399 19,750 21,547 105,000 (8) 6,588 22,026 (2,276) (10) Total For Interest/Dividend Income: 7,399 19,750 21,547 105,000 (8) 6,588 22,026 (2,276) (10) Customer Penalties 470.4701 CUSTOMER DELINQUENT PENALT 26,624 46,743 38,314 250,000 22 18,100 41,520 5,223 13 Total For Customer Penalties: 26,624 46,743 38,314 250,000 22 18,100 41,520 5,223 13 LFG Project 470.4721 LFG PROJECT 91,142 180,344 204,896 1,136,812 (12) 94,822 175,232 5,112 3 Total For LFG Project: 91,142 180,344 204,896 1,136,812 (12) 94,822 175,232 5,112 3 Connection Fees 470.4702 DISCONNECT&RECONNECT CHA 3,210 12,635 13,598 125,000 (7) 6,505 17,020 (4,385) (26) Total For Connection Fees: 3,210 12,635 13,598 125,000 (7) 6,505 17,020 (4,385) (26) Security 470.4700 SECURITY REVENUE 18,788 49,802 47,107 270,000 6 28,705 57,815 (8,013) (14) Total For Security: 18,788 49,802 47,107 270,000 6 28,705 57,815 (8,013) (14) Misc Revenue 470.4703 MISC ELEC REVENUE-TEMP CHG 0 150 0 1,000 0 450 450 (300) (67) 470.4715 NON-UTILITY OPERATIONS (6,350) 5,774 0 65,000 0 0 6,239 (465) (7) 470.4722 MISC NON-UTILITY 2,690 7,022 9,948 35,000 (29) 2,886 12,811 (5,789) (45) 470.4724 SALES OF MERCHANDISE 0 225 0 0 0 0 0 225 0 470.4750 RENTAL PROPERTY INCOME 2,281 4,162 1,144 24,720 264 2,060 4,120 42 1 Total For Misc Revenue: (1,379) 17,333 11,092 125,720 56 5,396 23,620 (6,287) (27) Prior Period Adjustment 41 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING FEBRUARY 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 FEBRUARY YTD BUDGET BUDGET Bud Var% FEBRUARY YTD VARIANCE Actual Var% Total For Prior Period Adjustment: 0 0 0 0 0 0 0 0 0 Total Other Revenue 145,783 326,607 336,554 2,012,532 (3) 160,116 337,233 (10,626) (3) Total For Total Other Revenue: 145,783 326,607 336,554 2,012,532 (3) 160,116 337,233 (10,626) (3) Total Revenue 2,656,468 5,269,867 5,082,752 32,612,080 4 2,574,709 4,881,868 387,999 8 Expenses Purchased Power 540.5551 PURCHASED POWER 1,769,100 3,533,595 3,499,055 22,577,733 1 1,950,782 3,811,445 (277,850) (7) Total For Purchased Power: 1,769,100 3,533,595 3,499,055 22,577,733 1 1,950,782 3,811,445 (277,850) (7) Operating&Mtce Expense 540.5461 OPERATING SUPERVISION 0 0 10,301 89,342 (100) 6,063 11,358 (11,358) 0 540.5471 DIESEL OIL FUEL 1,221 1,221 2,809 23,000 (57) 1,679 3,511 (2,290) (65) 540.5472 NATURAL GAS 3,370 6,677 10,853 38,000 (38) 5,102 8,125 (1,448) (18) 540.5483 STATION PWR&WTR CONSP/PLA 3,567 8,454 7,491 50,000 13 4,368 8,815 (362) (4) 540.5484 OTHER EXP/PLANT SUPPLIES-ETC 206 429 1,670 6,000 (74) 191 398 31 8 540.5491 MISC OTHER PWR GENERATION E 1,134 1,147 1,786 13,000 (36) 1,331 2,061 (914) (44) 540.5521 MAINTENANCE OF STRUCTURE/P 5,993 9,796 10,532 32,525 (7) 1,905 5,370 4,426 82 540.5531 MTCE OF ENGINES/GENERATORS- 2,197 4,601 (3,328) 43,555 (238) 2,775 5,684 (1,082) (19) 540.5541 MTCE OF PLANT/LAND IMPROVE 3,260 4,829 4,616 32,000 5 5,034 9,233 (4,404) (48) Total For Operating&Mtce Expense: 20,947 37,154 46,730 327,422 (20) 28,448 54,555 (17,401) (32) Landfill Gas 550.5050 LFG PURCHASED GAS 12,060 24,953 25,895 170,000 (4) 12,033 25,167 (214) (I) 550.5051 LANDFILL GAS O&M 41,613 83,227 63,732 500,000 31 36,055 77,109 6,117 8 550.5052 LFG ADMIN 188 455 3,587 10,000 (87) 172 524 (69) (13) 550.5053 LFG INSURANCE 1,385 2,769 2,554 17,500 8 1,394 2,788 (19) (1) Total For Landfill Gas: 55,246 111,404 95,768 717,500 16 49,654 105,589 5,815 6 Distribution Expense 580.5831 TRANSFORMER EX/OVERHD&UN 543 757 620 11,000 22 411 1,947 (1,190) (61) 580.5851 MTCE OF SIGNAL SYSTEMS 0 0 208 1,500 (100) 0 0 0 0 580.5861 METER EXP-REMOVE&RESET 0 0 214 4,000 (100) 68 161 (161) 0 580.5871 TEMP SERVICE-INSTALL&REMO 0 158 250 1,500 (37) 385 530 (372) (70) 42 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING FEBRUARY 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 FEBRUARY YTD BUDGET BUDGET Bud Var% FEBRUARY YTD VARIANCE Actual Var% 580.5881 MISC DISTRIBUTION EXPENSE 14,298 43,387 37,044 203,515 17 14,796 35,425 7,961 22 Total For Distribution Expense: 14,841 44,301 38,336 227,515 16 15,660 38,063 6,238 16 Maintenance Expense 590.5911 MTCE OF STRUCTURES 7,370 7,708 1,116 7,500 591 780 872 6,836 784 590.5921 MTCE OF SUBSTATIONS 1,535 2,716 3,524 20,000 (23) 1,747 3,752 (1,036) (28) 590.5922 MICE OF SUBSTATION EQUIPME 72 744 2,417 10,000 (69) 822 1,141 (398) (35) 590.5931 MTCE OF OVERHD LINES/TREE TR 10,869 19,764 31,683 135,000 (38) 12,625 20,794 (1,030) (5) 590.5932 MTCE OF OVERHD LINES/STANDB 1,972 3,872 3,412 30,000 13 2,256 3,909 (37) (1) 590.5933 MTCE OF OVERHEAD 20,040 38,174 10,951 97,120 249 10,023 12,695 25,480 201 590.5941 MTCE OF UNDERGROUND/DISTRI 2,062 3,778 (11,609) 97,525 (133) 8,955 13,364 (9,587) (72) 590.5943 LOCATE UNDERGROUND PRIMAR 1,245 2,306 2,329 26,000 (1) 918 2,044 263 13 590.5951 MTCE OF LINE TRANSFORMERS 44 932 1,850 35,000 (50) 2,819 4,294 (3,362) (78) 590.5961 MTCE OF STREET LIGHTING 4,039 8,598 5,292 35,000 62 2,735 4,176 4,421 106 590.5962 MTCE OF SECURITY LIGHTING 1,395 3,359 417 12,000 706 93 344 3,015 876 590.5971 MTCE OF METERS 6,235 12,882 13,136 85,515 (2) 7,254 14,491 (1,610) (11) 590.5972 VOLTAGE COMPLAINTS 632 697 338 8,000 106 811 811 (114) (14) 590.5981 SALARIES/TRANS&DISTRIBUTIO 0 0 4,966 43,575 (100) 2,781 5,228 (5,228) 0 590.5985 ELECTRIC MAPPING 7,225 13,738 4,345 67,000 216 5,593 9,132 4,606 50 590.5991 MTCE OF OVERHEAD SERVICE/2N (667) (667) 2,995 13,000 (122) 666 1,719 (2,386) (139) 590.5992 MTCE OF UNDERGROUND ELEC S 1,697 2,823 3,183 37,020 (11) 1,433 3,019 (196) (6) 590.5993 LOCATE UNDERGROUND SECOND 964 1,681 1,716 22,000 (2) 843 1,833 (152) (8) 590.5995 TRANSPORTATION EXPENSE 21,619 28,152 16,060 166,515 75 24,113 47,304 (19,152) (40) Total For Maintenance Expense: 88,350 151,256 98,121 947,770 54 87,269 150,923 333 0 Depreciation 595.8031 DEPRECIATION 157,966 316,182 383,333 2,300,000 (18) 191,666 383,332 (67,150) (18) Total For Depreciation: 157,966 316,182 383,333 2,300,000 (18) 191,666 383,332 (67,150) (18) Interest Expense 596.8071 INTEREST ON BONDS/LONG TERM 11,493 23,805 24,078 136,360 (1) 16,092 33,047 (9,242) (28) 596.8075 INTEREST ON DEFEASED BONDS (273) (545) (546) (3,271) 0 (273) (545) 0 0 Total For Interest Expense: 11,220 23,260 23,532 133,089 (1) 15,820 32,502 (9,242) (28) Security 597.8172 SECURITY EXPENSE 16,335 31,229 32,160 215,000 (3) 13,237 25,529 5,700 22 43 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING FEBRUARY 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 FEBRUARY YTD BUDGET BUDGET Bud Var% FEBRUARY YTD VARIANCE Actual Var% Total For Security: 16,335 31,229 32,160 215,000 (3) 13,237 25,529 5,700 22 Other Operating Expense 597.8213 LOSS ON DISPOSITION OF PROP 1,831 1,831 4 20,000 45,675 2,461 8,331 (6,500) (78) 597.8263 OTHER DONATIONS 0 0 24 5,000 (100) 0 0 0 0 597.8264 DAM MAINTENANCE EXPENSE 141 283 0 7,800 0 0 0 283 0 597.8281 AMORTIZATION OF DEBT DISCOU (1,159) (2,318) (1,592) (9,552) 46 0 0 (2,318) 0 597.8341 INTEREST PD ON METER DEPOSIT 84 87 7 1,000 1,143 1 5 83 1,640 597.8400 RENTAL PROPERTY EXPENSE 285 429 305 6,000 41 144 447 (18) (4) Total For Other Operating Expense: 1,182 311 (1,252) 30,248 (125) 2,606 8,783 (8,472) (96) Customer Accounts Expense 900.9021 METER READING EXPENSE 4,678 8,214 3,895 35,000 111 3,388 4,873 3,341 69 900.9030 COLLECTING EXP DISC/RECONNE 39 347 808 12,000 (57) 381 687 (340) (49) 900.9041 CUSTOMER CHECKS RETURNED - 0 0 737 1,500 (100) 20 20 (20) 0 900.9051 MISC CUSTOMER ACCTS EXP-CO 10,398 24,760 23,229 162,220 7 16,697 32,763 (8,003) (24) 900.9061 CUST BLGS NOT PD/SENT FOR CO (1,040) (2,340) 2,392 45,000 (198) (2,502) (2,634) 294 (11) Total For Customer Accounts Expense: 14,074 30,981 31,061 255,720 0 17,984 35,709 (4,728) (13) Administrative&General Expense 920.9201 SALARIES/OFFICE&COMMISSION 39,191 79,144 62,301 659,295 27 35,637 71,293 7,851 11 920.9205 TEMPORARY STAFFING 0 0 666 4,000 (100) 0 0 0 0 920.9211 OFFICE SUPPLIES&EXPENSE 7,180 17,744 23,427 110,000 (24) 7,236 18,381 (637) (3) 920.9212 LT&WATER CONSUMPTION/OFFI 1,138 2,182 2,349 25,000 (7) 1,136 2,013 169 8 920.9213 BANK CHARGES 257 476 3,006 4,000 (84) 46 518 (42) (8) 920.9221 LEGAL FEES 2,970 2,970 8,076 40,000 (63) 909 940 2,030 216 920.9231 AUDITING FEES 7,600 10,160 4,170 14,400 144 0 2,560 7,600 297 920.9241 INSURANCE 43,864 57,589 31,495 176,866 83 15,111 30,258 27,331 90 920.9261 UTIL SH OF MEDICAL/DENTAL/DI 38,185 102,146 97,435 525,936 5 32,743 92,760 9,386 10 920.9262 UTILITY SHARE OF PERA 14,696 36,024 28,821 192,000 25 13,746 34,375 1,649 5 920.9263 UTILITY SHARE OF FICA 13,549 33,104 27,820 192,000 19 13,674 33,466 (362) (1) 920.9264 EMPLOYEES SICK PAY 5,624 18,621 9,508 96,768 96 3,049 9,434 9,187 97 920.9266 EMP VACATION/HOLIDAY PAY 19,666 55,681 24,627 230,000 126 19,575 45,259 10,422 23 920.9269 CONSERVATION IMP PROGRAM 8,626 1,814 33,604 186,454 (95) 3,779 13,193 (11,379) (86) 920.9281 ENVIRONMENTAL COMPLIANCE 2,019 4,039 5,050 27,000 (20) 1,802 3,614 425 12 44 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING FEBRUARY 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 FEBRUARY YTD BUDGET BUDGET Bud Vat FEBRUARY YTD VARIANCE Actual Var% 920.9291 CONSULTING FEES 0 0 26,082 85,000 (100) 0 138 (138) 0 920.9301 TELEPHONE 1,943 3,630 3,566 22,000 2 1,649 3,242 388 12 920.9302 ADVERTISING 156 156 113 5,500 38 0 0 156 0 920.9303 DUES&SUBSCRIPTIONS-FEES 8,036 14,059 29,412 200,000 (52) 6,268 13,348 711 5 920.9304 TRAVEL EXPENSE 347 370 0 15,500 0 0 1,407 (1,037) (74) 920.9305 SCHOOLS&MEETINGS 9,371 26,167 20,111 177,294 30 19,238 26,222 (55) 0 920.9306 MISC GENERAL EXPENSE 0 19 0 1,000 0 0 0 19 0 Total For Administrative&General Expense: 224,418 466,095 441,639 3,053,013 6 175,599 402,420 63,675 16 Total Expenses(before Operating Transfers) 2,373,678 4,745,768 4,688,483 30,785,010 1 2,548,724 5,048,850 (303,082) (6) Operating Transfer Transfer To City For 99 Bond Operating Transfer/Other Funds 597.8262 TRANSFER TO CITY 3%ER REVEN 66,175 131,549 124,706 810,000 5 64,343 121,336 10,213 8 Total For Operating Transfer/Other Funds: 66,175 131,549 124,706 810,000 5 64,343 121,336 10,213 8 Utilities&Labor Donated 597.8261 UTILITIES&LABOR DONATED 43,318 86,726 82,235 515,000 5 44,290 84,179 2,547 3 Total For Utilities&Labor Donated: 43,318 86,726 82,235 515,000 5 44,290 84,179 2,547 3 Total Operating Transfer 109,493 218,275 206,941 1,325,000 5 108,633 205,514 12,761 6 Total For Total Operating Transfer: 109,493 218,275 206,941 1,325,000 5 108,633 205,514 12,761 6 Net Income Profit(Loss) 173,296 305,824 187,328 502,070 63 (82,649) (372,496) 678,320 (182) 45 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING FEBRUARY 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 FEBRUARY YTD BUDGET BUDGET Bud Var% FEBRUARY YTD VARIANCE Actual Vat Water Revenue Operating Revenue Water Sales 610.6101 WATER SALES COMM&RES/COM 119,266 236,008 190,280 2,193,576 24 108,532 212,691 23,317 11 610.6115 WATER SALES CITY DONATED 332 671 0 0 0 0 0 671 0 Total For Water Sales: 119,598 236,679 190,280 2,193,576 24 108,532 212,691 23,988 11 Total Operating Revenue 119,598 236,679 190,280 2,193,576 24 108,532 212,691 23,988 11 Total For Total Operating Revenue: 119,598 236,679 190,280 2,193,576 24 108,532 212,691 23,988 11 Other Operating Revenue Interest/Dividend Income 460.4691 INTEREST&DIVIDEND INCOME 1,850 4,938 5,144 26,700 (4) 1,647 5,507 (569) (10) 460.4692 OTHER INT/MISC REVENUE 0 0 0 0 0 74 74 (74) 0 Total For Interest/Dividend Income: 1,850 4,938 5,144 26,700 (4) 1,721 5,581 (643) (12) Customer Penalties 620.6301 CUSTOMER PENALTIES 1,256 2,302 1,288 15,000 79 1,084 2,755 (454) (16) Total For Customer Penalties: 1,256 2,302 1,288 15,000 79 1,084 2,755 (454) (16) Connection Fees 620.6401 WATER/ACCESS/CONNECTION FE 6,325 30,240 14,440 150,000 109 67,113 69,934 (39,694) (57) 620.6402 MISC CONNECTION FEES 954 2,792 1,762 15,000 58 1,750 4,363 (1,571) (36) Total For Connection Fees: 7,279 33,032 16,202 165,000 104 68,863 74,297 (41,265) (56) Misc Revenue 470.4750 RENTAL PROPERTY INCOME 570 1,041 286 6,180 264 515 1,030 11 1 620.6403 MISCELLANEOUS REVENUE 42 42 350 2,500 (88) (535) 0 42 0 620.6404 HYDRANT MAINTENANCE PROGR 800 1,610 1,166 7,000 38 1,070 1,070 540 50 620.6406 WATER TOWER LEASE 11,727 23,453 11,204 88,000 109 8,780 17,321 6,132 35 Total For Misc Revenue: 13,138 26,146 13,006 103,680 101 9,830 19,421 6,724 35 Restate Beginning Retained Earnings Total For Restate Beginning Retained Earnings: 0 0 0 0 0 0 0 0 0 Total Other Revenue 23,523 66,417 35,640 310,380 86 81,499 102,055 (35,638) (35) Total For Total Other Revenue: 23,523 66,417 35,640 310,380 86 81,499 102,055 (35,638) (35) 46 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING FEBRUARY 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 FEBRUARY YTD BUDGET BUDGET Bud Var% FEBRUARY YTD VARIANCE Actual Var% Total Revenue 143,121 303,096 225,920 2,503,956 34 190,031 314,746 (11,649) (4) Expenses Production Expense 700.7021 MTCE OF STRUCTURES 489 914 11,140 20,000 (92) 560 767 148 19 700.7022 TOWER&GROUNDS INSPECTION 0 0 0 0 0 342 805 (805) 0 Total For Production Expense: 489 914 11,140 20,000 (92) 901 1,571 (657) (42) Pumping Expense 710.7101 SUPERVISION 0 0 2,521 20,600 (100) 846 1,594 (1,594) 0 710.7181 SUPPLIES&EXPENSE 21,365 37,446 38,971 250,000 (4) 21,208 42,434 (4,987) (12) 710.7182 SAMPLING 1,329 1,545 622 9,000 148 989 1,688 (143) (8) 710.7183 CHEMICAL FEED 133 1,753 6,107 30,000 (71) 643 2,374 (621) (26) 710.7201 MTCE OF ELECT PUMPING EQUIP 0 32 0 0 0 151 151 (119) (79) 710.7220 MTCE OF WELLS 14,626 23,590 21,433 125,000 10 7,350 13,017 10,573 81 710.7225 GENERATION 0 0 0 0 0 0 12 (12) 0 710.7230 SCADA-PUMPING 0 0 3,273 15,000 (100) 683 1,609 (1,609) 0 Total For Pumping Expense: 37,453 64,366 72,927 449,600 (12) 31,871 62,878 1,488 2 Distribution Expense 730.7301 MTCE OF WATER MAINS 2,562 3,019 1,359 60,000 122 8,606 9,533 (6,514) (68) 730.7309 LOCATE WATER SVC 277 539 369 7,500 46 366 414 125 30 730.7310 LOCATE WATER MAIN 0 45 0 0 0 0 29 16 55 730.7311 MICE OF WATER SERVICES 6,194 10,706 0 0 0 1,419 2,809 7,897 281 730.7312 WATER METER SERVICE 218 491 373 5,000 32 229 258 233 90 730.7315 INSTALL&MTC IRRIG METERS 0 0 996 5,000 (100) 57 143 (143) 0 730.7321 MTCE OF CUSTOMERS SERVICE 1,713 3,373 3,431 31,000 (2) 777 5,059 (1,686) (33) 730.7325 WATER MAPPING 699 853 248 18,000 244 196 409 444 109 730.7330 SCADA-DISTRIBUTION 0 0 0 0 0 557 1,298 (1,298) 0 730.7331 MTCEOFWATERHYDRANTS (70) 299 929 25,000 (68) 29 29 270 931 730.7341 MISC WATER EXPENSE/INVENTO 0 106 601 12,000 (82) 1,724 1,724 (1,618) (94) 730.7391 WAGES/WATER 0 0 0 0 0 424 797 (797) 0 730.7395 TRANSPORTATION EXPENSE (633) 3,493 667 15,000 424 2,047 1,953 1,540 79 730.7399 GENERAL EXP/WATER PERMIT 0 0 14,000 14,000 (100) 11,972 13,295 (13,295) 0 47 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING FEBRUARY 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 FEBRUARY YTD BUDGET BUDGET Bud Vat FEBRUARY YTD VARIANCE Actual Var% Total For Distribution Expense: 10,960 22,925 22,973 192,500 0 28,405 37,752 (14,826) (39) Depreciation 595.8031 DEPRECIATION 92,992 185,983 188,334 1,130,000 (1) 93,333 186,666 (683) 0 Total For Depreciation: 92,992 185,983 188,334 1,130,000 (1) 93,333 186,666 (683) 0 Interest Expense 596.8071 INTEREST ON BONDS/LONG TERM 5,450 11,455 12,002 67,080 (5) 6,005 13,416 (1,961) (15) 596.8075 INTEREST ON DEFEASED BONDS (68) (136) (136) (818) 0 (68) (136) 0 0 Total For Interest Expense: 5,382 11,318 11,866 66,262 (5) 5,937 13,279 (1,961) (15) Other Operating Expense 597.8213 LOSS ON DISPOSITION OF PROP 0 0 100 1,000 (100) 0 0 0 0 597.8341 INTEREST PD ON METER DEPOSIT 5 5 0 0 0 0 0 5 0 597.8400 RENTAL PROPERTY EXPENSE 71 107 149 2,500 (28) 36 112 (5) (4) 750.7581 2010 GO BONDS AMORT DISCOUN 0 0 (546) (3,272) (100) 0 0 0 0 Total For Other Operating Expense: 76 112 (297) 228 (138) 36 112 0 0 Customer Accounts Expense 900.9021 METER READING EXPENSE 103 265 433 7,000 (39) 210 477 (211) (44) 900.9030 COLLECTING EXP DISC/RECONNE 0 0 1,084 6,500 (100) 133 133 (133) 0 900.9051 MISC CUSTOMER ACCTS EXP-CO 3,484 7,769 6,793 45,000 14 4,410 8,035 (266) (3) Total For Customer Accounts Expense: 3,587 8,034 8,310 59,500 (3) 4,754 8,645 (611) (7) Administrative&General Expense 920.9201 SALARIES/OFFICE&COMMISSION 9,775 19,513 12,897 141,000 51 8,909 17,832 1,681 9 920.9205 TEMPORARY STAFFING 0 0 334 2,000 (100) 0 0 0 0 920.9211 OFFICE SUPPLIES&EXPENSE 1,658 8,498 5,685 35,000 49 1,901 4,586 3,912 85 920.9212 LT&WATER CONSUMPTION/OFFI 284 546 469 5,000 16 284 503 42 9 920.9213 BANK CHARGES 64 124 157 1,000 (21) 68 130 (6) (5) 920.9221 LEGAL FEES 512 512 1,080 5,500 (53) 540 540 (28) (5) 920.9231 AUDITING FEES 1,900 2,540 1,042 3,600 144 0 640 1,900 297 920.9241 INSURANCE 9,317 11,255 8,827 44,216 28 2,311 4,623 6,633 143 920.9261 UTIL SH OF MEDICAL/DENTAL/DI 10,834 26,336 22,924 121,423 15 10,564 27,947 (1,611) (6) 920.9262 UTILITY SHARE OF PERA 1,709 4,235 3,488 32,007 21 1,572 3,506 729 21 920.9263 UTILITY SHARE OF FICA 1,667 4,129 3,331 23,083 24 1,569 3,487 642 18 920.9264 EMPLOYEES SICK PAY 1,237 4,197 2,235 24,162 88 762 2,359 1,839 78 48 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING FEBRUARY 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 FEBRUARY YTD BUDGET BUDGET Bud Var% FEBRUARY YTD VARIANCE Actual Var% 920.9266 EMP VACATION/HOLIDAY PAY 4,348 12,286 5,353 46,535 130 4,894 11,315 971 9 920.9268 MISCELLANEOUS-WELLHEAD P 88 88 1,535 9,064 (94) 29 29 60 203 920.9269 CONSERVATION IMP PROGRAM 29 29 331 10,000 (91) 1,505 2,040 (2,011) (99) 920.9281 ENVIRONMENTAL COMPLIANCE 0 0 213 750 (100) 42 238 (238) 0 920.9301 TELEPHONE 488 909 837 5,100 9 411 809 101 12 920.9302 ADVERTISING 39 39 679 5,272 (94) 0 224 (185) (83) 920.9303 DUES&SUBSCRIPTIONS-FEES 2,029 14,156 9,129 39,249 55 8,031 9,262 4,894 53 920.9304 TRAVEL EXPENSE 6 6 0 2,500 0 0 1 5 500 920.9305 SCHOOLS&MEETINGS 1,818 4,051 4,521 23,479 (10) 3,047 4,493 (442) (10) 920.9306 MISC GENERAL EXPENSE 0 3 0 500 0 0 0 3 0 Total For Administrative&General Expense: 47,804 113,455 85,067 592,440 33 46,440 94,564 18,891 20 Total Expenses(before Operating Transfers) 198,743 407,109 400,320 2,510,530 2 211,675 405,468 1,641 0 Operating Transfer Transfer To City For 99 Bond 597.8260 TRANSFER TO CITY FOR 99 BOND 0 30,000 30,000 30,000 0 0 25,000 5,000 20 Operating Transfer/Other Funds Operating Transfer From City Utilities&Labor Donated 597.8261 WATER AND LABOR DONATED 332 671 0 0 0 0 0 671 0 790.8261 UTILITIES&LABOR DONATED 0 0 84 500 (100) 0 0 0 0 Total Operating Transfer 332 30,671 30,084 30,500 0 0 25,000 5,671 23 Total For Total Operating Transfer: 332 30,671 30,084 30,500 2 0 25,000 5,671 23 Net Income Profit(Loss) (55,955) (134,684) (204,484) (37,074) (34) (21,645) (115,722) (18,962) 16 49