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2.3. ERMUSR 05-12-2015 FINANCIAL INDEX Mar-15 PAGE P&L NARRATIVE 25 COMBINED BALANCE SHEET 27 ELECTRIC INCOME STATEMENT 28 WATER INCOME STATEMENT 30 GRAPH #1 ELECTRICAL PURCHASES 31 GRAPH #2 ELECTRIC SALES 32 GRAPH #3 ELECTRIC SALES/CUSTOMER CLASS 33 GRAPH #4 WATER PRODUCTION 34 GRAPH #5 WATER SALES 35 DETAILED ELECTRIC INCOME STATEMENT 36 37 38 39 40 41 DETAILED WATER INCOME STATEMENT 42 43 44 45 24 PROFIT AND LOSS NARRATIVE March 2015 Electric P&L Overall, the Electric Department had a good month for March. March's electric kwh sales (for Febuary usage) are up slightly from the prior year by 3.2%overall: • Residential usage is down .2% • Small Commercial usage is up 1.4% • Large Commercial usage is up 5.2% from the prior year. March Operating Revenue is over the prior year by 1%, over year-to-date numbers by 6.2%, and over year-to-date budgeted numbers by 3.6%. Other Revenue is down 5%from the prior year but year-to-date only down 4%. Penalty fees are decreased this year as we did not apply them, given the late date our bills went out with our first billing in the new system. Overall, Revenues are ahead of the prior year by just under 1%, and year-to-date are ahead by 6%. Purchased Power is down from the prior year 16%. Last year there were significant PCA charges being passed along that we are not receiving this year(thankfully). Year-to-date the difference in costs for purchased power are 10% less than the prior year. For other expenses,the largest variances are in Maintenance Expense, Depreciation, and Customer Accounts Expense. Maintenance Expense is higher related to focused overhead maintenance. Depreciation is lower due to the actual depreciation being calculated as assets are added to the system, versus last year the annual depreciation was estimated and allocated evenly over the year with a true-up in December. Customer Accounts Expense are higher due to software conversion expenses. Total expenses were $2,307,678, under the previous year for March by 10% and under year-to-date numbers by 7.5%. The Electric Department has a Net Loss of($55,366), compared to a budgeted Net Loss of($133,959) and the prior year Net Loss of($337,827). 25 Water P&L The Water Department had a good month as well. March's water consumption is up 9% overall from the prior year: • Residential usage is down slightly at.15% • Commercial usage is up 18% Water Operating Revenues are again ahead of last year by 11.5%at$107,749, and year- to-date revenues are ahead by 11%. Other Revenue of$17,831 is down significantly from the prior year. Connection Fees are the driver here this month,just as last month. Total Revenues of$125,580 are up from the prior year by 7%and year-to-date decreased only slightly by less than 1%. Expenses are consistent with the prior year in total,but vary within the individual expenses from the prior year. Distribution Expense is up due to focused maintenance of water services, and water permit expenses with our annual payment for the MN DNR . Total Expenses were $202,372 compared to the prior year of$201,639. For March, the Water Department has a Net Loss (which is expected this time of year) of ($77,128), compared to a budgeted Net Loss of($302,270) and last year of($84,037). 26 COMBINED BALANCE SHEET MARCH 2015 ELECTRIC WATER ASSETS CURRENT ASSETS CASH&TEMPORARY INVESTMENTS 8,871,136 2,125,692 ACCOUNTS RECEIVABLE 3,021,243 314,400 INVENTORIES 988,313 27,582 PREPAID ITEMS 167,242 21,936 CONSTRUCTION IN PROGRESS 108,145 612,994 TOTAL CURRENT ASSETS 13,156,080 3,102,604 RESTRICTED ASSETS BOND RESERVE FUND 490,500 0 EMERGENCY RESERVE FUND 2,504,491 1,150,499 UNRESTRICTED RESERVE FUND 38,884 113,824 TOTAL RESTRICTED ASSETS 3,033,875 1,264,323 FIXED ASSETS PRODUCTION 391,218 11,143,740 LFG PROJECT 3,804,327 0 TRANSMISSION 710,988 0 DISTRIBUTION 34,352,033 21,914,355 GENERAL 7,691,356 869,827 FIXED ASSETS(COST) 46,949,921 33,927,922 LESS ACCUMULATED DEPRECIATION (20,449,305) (13,313,843) TOTAL FIXED ASSETS,NET 26,500,616 20,614,078 OTHER ASSETS AND DEFFERED OUTFLOWS (72,261) (6,473) TOTAL ASSETS 42,618,309 24,974,532 LIABILITIES AND FUND EQUITY CURRENT LIABILITIES ACCOUNTS PAYABLE 3,075,907 100,604 SALARIES AND BENEFITS PAYABLE 343,712 110,800 DUE TO CITY 566,433 0 DUE TO OTHER FUNDS 0 0 BONDS PAYABLE-CURRENT PORTION 390,000 0 UNEARNED REVENUE 7,595 38,453 TOTAL CURRENT LIABLITIES 4,383,647 249,858 LONG TERM LIABILITIES LFG PROJECT 1,408,358 0 DUE TO COUNTY 0 0 BONDS PAYABLE,LESS CURRENT PORTION 3,604,791 1,849,955 TOTAL LONG TERM LIABILITIES 5,013,149 1,849,955 TOTAL LIABILITIES 9,396,796 2,099,813 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) 252,458 (211,812) TOTAL FUND EQUITY 33,221,512 22,874,720 TOTAL LIABILITIES&FUND EQUITY 42,618,309 24,974,532 27 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING MARCH 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 MARCH YTD BUDGET BUDGET Bud Var°/ MARCH YTD VARIANCE Actual Var% Electric Revenue Operating Revenue Elk River 2,028,481 6,554,783 6,307,651 27,876,812 4 1,982,160 6,114,934 439,850 7 Elk River-City Donated 13,878 45,418 48,440 219,650 (6) 16,180 48,788 (3,370) (7) Otsego 174,556 553,805 555,981 2,419,908 0 186,511 558,155 (4,350) (1) Rural Big Lake 15,473 49,957 55,808 219,471 (10) 16,740 53,427 (3,470) (6) Dayton 19,004 60,155 63,472 256,678 (5) 21,628 64,206 (4,051) (6) Public St&Hwy Lighting 29,109 89,986 97,005 386,861 (7) 29,184 89,212 774 1 Generation and Sub Station Credit 2,968 8,904 17,299 41,175 (49) 4,528 10,224 (1,320) (13) Dispersed Generation Credit (71,150) (207,430) (241,768) (771,008) (14) (67,470) (204,850) (2,580) 1 Other Revenue/CIP/Rate Increase/AC Credit 0 0 0 (50,000) 0 0 0 0 0 Total Operating Revenue 2,212,318 7,155,578 6,903,888 30,599,548 4 2,189,460 6,734,095 421,483 6 Other Operating Revenue Interest/Dividend Income 16,893 36,644 29,892 105,000 23 7,665 29,691 6,953 23 Customer Penalties (1,557) 45,186 57,228 250,000 (21) 20,706 62,226 (17,041) (27) LFG Project 87,860 268,204 297,054 1,136,812 (10) 87,050 262,283 5,922 2 Connection Fees 2,935 15,570 18,182 125,000 (14) 4,164 21,184 (5,614) (27) Security 18,081 67,883 66,486 270,000 2 20,044 77,859 (9,976) (13) Misc Revenue 25,133 42,466 20,158 125,720 111 18,048 41,668 799 2 Prior Period Adjustment 0 0 0 0 0 0 0 0 0 Total Other Revenue 149,346 475,953 489,000 2,012,532 (3) 157,677 494,910 (18,957) (4) Total Revenue 2,361,664 7,631,531 7,392,888 32,612,080 3 2,347,137 7,229,005 402,526 6 Expenses Purchased Power 1,648,289 5,181,884 5,202,302 22,577,733 0 1,971,235 5,782,680 (600,796) (10) Operating&Mtce Expense 21,858 59,013 90,790 327,422 (35) 24,681 79,236 (20,223) (26) Landfill Gas 56,924 168,327 169,467 717,500 (I) 56,463 162,052 6,275 4 Distribution Expense 11,807 56,108 58,094 227,515 (3) 12,975 51,038 5,070 10 Maintenance Expense 114,400 265,656 246,905 947,770 8 75,613 226,535 39,121 17 Depreciation 158,855 475,036 575,000 2,300,000 (17) 191,666 574,998 (99,962) (17) Interest Expense 11,220 34,480 34,947 133,089 (1) 15,820 48,322 (13,842) (29) Security 20,367 51,596 55,094 215,000 (6) 20,940 46,469 5,127 I1 Other Operating Expense (327) (15) (1,866) 30,248 (99) (731) 8,052 (8,067) (100) Customer Accounts Expense 48,129 79,111 63,137 255,720 25 12,956 48,665 30,446 63 Administrative&General Expense 216,155 682,249 2229,189 3,053,013 (6) 199,641 602,060 80,189 13 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING MARCH 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 MARCH YTD BUDGET BUDGET Bud Var% MARCH YTD VARIANCE Actual Var% Total Expenses(before Operating Transfers) 2,307,678 7,053,445 7,223,059 30,785,010 (2) 2,581,258 7,630,107 (576,662) (8) Operating Transfer Transfer To City For 99 Bond 0 0 0 0 0 0 0 0 0 Operating Transfer/Other Funds 58,784 190,333 181,294 810,000 5 57,973 179,309 11,024 6 Utilities&Labor Donated 48,569 135,295 122,494 515,000 10 45,732 129,911 5,384 4 Total Operating Transfer 107,353 325,628 303,788 1,325,000 7 103,706 309,220 16,408 5 Net Income Profit(Loss) (53,366) 252,458 (133,959) 502,070 (288) (337,827) (710,323) 962,781 (136) 29 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING MARCH 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 MARCH YTD BUDGET BUDGET Bud Var% MARCH YTD VARIANCE Actual Var% Water Revenue Operating Revenue Water Sales 107,749 344,429 286,640 2,193,576 20 96,615 309,306 35,123 11 Total Operating Revenue 107,749 344,429 286,640 2,193,576 20 96,615 309,306 35,123 11 Other Operating Revenue Interest/Dividend Income 4,223 9,161 8,633 26,700 6 1,916 7,497 1,664 22 Customer Penalties (47) 2,254 1,944 15,000 16 1,062 3,818 (1,563) (41) Connection Fees 618 33,650 22,412 165,000 50 10,491 84,788 (51,138) (60) Misc Revenue 13,037 39,182 22,054 103,680 78 7,518 26,939 12,243 45 Restate Beginning Retained Earnings 0 0 0 0 0 0 0 0 0 Total Other Revenue 17,831 84,247 55,043 310,380 53 20,987 123,042 (38,794) (32) Total Revenue 125,580 428,676 341,683 2,503,956 25 117,602 432,348 (3,671) (1) Expenses Production Expense 1,102 2,016 12,688 20,000 (84) 527 2,098 (82) (4) Pumping Expense 24,319 88,685 116,516 449,600 (24) 49,726 112,604 (23,919) (21) Distribution Expense 26,900 49,826 32,987 192,500 51 8,578 46,330 3,496 8 Depreciation 93,023 279,007 282,501 1,130,000 (I) 93,333 279,999 (992) 0 Interest Expense 5,382 16,700 17,306 66,262 (4) 5,937 19,216 (2,516) (13) Other Operating Expense 103 215 (232) 228 (193) 102 214 1 0 Customer Accounts Expense 9,604 17,638 15,425 59,500 14 3,734 12,379 5,259 42 Administrative&General Expense 41,939 155,394 136,636 592,440 14 39,702 134,266 21,128 16 Total Expenses(before Operating Transfers) 202,372 609,482 613,827 2,510,530 (1) 201,639 607,107 2,375 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 336 1,007 126 500 699 0 0 1,007 0 Total Operating Transfer 336 31,007 30,126 30,500 3 0 25,000 6,007 24 Net Income Profit(Loss) (77,128) (211,812) (302,270) (37,074) (30) (84,037) (199,759) (12,053) 6 30 Elk River Municipal Utilities Monthly Electrical Demand 65 60 55 ,'. ,°• .. 2014 • ..\ / c 45 �� •� j :: 2015 30 25 20 CC Month Elk River Municipal Utilities Monthly Energy Purchases 34,000 2 .5 29,000 u) -- 2014 • 24,000 ``�.`` .`% / a - m 19,000 w 2015 14,000 I ,�� �.00 S J e 04Q1QOG J0 G0• ,0,0 ,Q4 c, Month 31 Elk River Municipal Utilities Monthly Total Electric Load 28,000 26,000 , • •= 24,000 ••• ',7' •• • 22,000 ``,%` �- ........ -' `•w--------- 20,000 2015 �' co o 18,000 • 16,000 2014 V d w 14,000 12,000 10,000 , , 1 c c i � •0 J� ec ,k ik § � � 4§ PQ j J� � e � e e a e Month Elk River Municipal Utilities Monthly Electric Sales $3,500,000$3,000,000 ,�'— —• 2015 • •�• 2014 • • c $2,500,000 s,,.,,�_ f N °' $2,000,000 � co $1,500,000 $1,000,000 F F F p. �e P S0 p//&ç/ Month 32 Elk River Municipal Utilities Monthly Residential, Commercial & Industrial Loads 18,000 16,000 Industrial 14,000 ------ = 12,000 1 3 Residential 2 10,000 c 2015 cn 8,000 - Cs 6,000 --- -- 4,000 2014 Commercial 2,000 "".r �"`, --- ------------------- -----I Jai yea �c0r PQ�\ ��� ,��o �`)��• 0,�5� c�,o0c �o�OC ��0c ��0c 'ate (<e‘ \S Q� 0�,`0 0a o�0 000 co O Month Elk River Municipal Utilities Monthly Residential, Commercial & Industrial Sales $1,800,000 $1,600,000 ------ Industrial ---' $1,400,000 ---- _ -. .. • • • V2 $1,200,000 - ♦ 7 ----- ______ - Residential `------ a) .., ... 2014 I in $600,000 --- \ 2015 I $400,000 Commercial ---- --- --.. a��---- `--mss--w—.. $200,000 $0 6 c1 00 c• a� �0 ��� �cti 0 0c ; ;,\ bC QQ �J , PJ� q sOF Month 5 O 33 Elk River Municipal Utilities Monthly Water Pumpage 140 _ w 120 0 I I •• ` o o - ---_ •, •• .- I • 80 -i ``♦ ._ 2015 •• d 60 — - • 40 •- i 2014 a 20 �a6 a. ac P-'c �a� ��� J�� �Jy� 0���c 0�0��` 0���c ��,o�� a 46() �` P.- �Q� 0 0� 00 c, O Month Elk River Municipal Utilities Peak Day Pumpage 5 To t I % C4 II t O I 2015 _ II c II' 0 2 ■ -- f6 --\1_ ■ z ....---_. d 0_ ,a��a6 ��`.). �a`0r PQ�\ �a� J�0 ,�\� PJ���� Q�0��0c 00�oQ0� 0,0�o0c 00���0� Month 5� O 34 Elk River Municipal Utilities Monthly Water Sales 140 — — 0 100 I ` c I • o I •` 80 - , • • 2015 �i `• •- 60 en in 40 ' =� -� ----=-- -'� 2014 20 0 ,��Ja F��0 lac PQ �J Q.0 �Q`�� 0cf 0��� �c,�� 5 O Month Elk River Municipal Utilities Monthly Water Sales $450,000 , $400,000 I. $350,000 --- I �•.• L $300,000 1 • co i • I Z $250,000 -- • `` o i • •E $200,000 ••$200,000 • o $150,000 �0� `� .� ........' 2014 �� . $100,000 $50,000 ,���a F���Ja mac PQ �J PJp, ��.((\ OG�o'o o,��a �G��� GP O Month 35 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING MARCH 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 MARCH YTD BUDGET BUDGET Bud Var% MARCH YTD VARIANCE Actual Var% Electric Revenue Operating Revenue Elk River 440.4411 ELECT SALES/ELK RIVER RES 747,318 2,489,281 2,478,822 9,981,317 0 762,181 2,435,526 53,755 2 440.4412 ELECT SALES/ER NON-DEMAND 198,150 686,111 600,931 2,750,593 14 203,180 614,824 71,287 12 440.4413 ELECT SALES/ER DEMAND 1,083,013 3,379,391 3,227,898 15,144,902 5 1,016,799 3,064,583 314,808 10 Total For Elk River: 2,028,481 6,554,783 6,307,651 27,876,812 4 1,982,160 6,114,934 439,850 7 Elk River-City Donated 440.4415 ELECT SALES/ER CITY DONATED 13,878 45,418 48,440 219,650 (6) 16,180 48,788 (3,370) (7) Total For Elk River-City Donated: 13,878 45,418 48,440 219,650 (6) 16,180 48,788 (3,370) (7) Otsego 440.4416 ELECT SALES/OTSEGO RES 89,086 284,452 285,556 1,178,976 0 94,787 287,941 (3,489) (1) 440.4417 ELECT SALES/OTSEGO NON-DEM 33,217 104,350 100,082 467,476 4 34,067 102,100 2,250 2 440.4418 ELECT SALES/OTSEGO DEMAND 52,253 165,003 170,343 773,456 (3) 57,656 168,113 (3,111) (2) Total For Otsego: 174,556 553,805 555,981 2,419,908 0 186,511 558,155 (4,350) (1) Rural Big Lake 440.4421 ELECT SALES/BIG LAKE RES 15,349 49,573 55,569 216,898 (11) 16,612 53,009 (3,435) (6) 440.4422 ELECT SALES/BL NON-DEMAND 124 383 239 2,573 60 128 418 (35) (8) Total For Rural Big Lake: 15,473 49,957 55,808 219,471 (10) 16,740 53,427 (3,470) (6) Dayton 440.4431 ELECT SALES/DAYTON RES 16,285 51,863 54,967 220,728 (6) 18,915 56,209 (4,346) (8) 440.4432 ELECT SALES/DAYTON NON-DEM 2,718 8,291 8,505 35,950 (3) 2,712 7,997 295 4 Total For Dayton: 19,004 60,155 63,472 256,678 (5) 21,628 64,206 (4,051) (6) Public St&Hwy Lighting 440.4414 ELECT SALES/ELK RIVER SEC LTS 3,690 11,727 8,382 34,317 40 2,285 8,122 3,605 44 440.4419 ELECT SALES/OTSEGO SEC LTS 0 0 0 0 0 740 2,375 (2,375) 0 440.4424 ELECT SALES/BIG LAKE SEC LTS 0 0 0 0 0 154 463 (463) 0 440.4434 ELECT SALES/DAYTON SEC LTS 0 0 0 0 0 354 1,046 (1,046) 0 440.4441 PUBLIC ST&HWY LIGHTING/CIT 25,420 78,259 88,623 352,544 (12) 25,651 77,207 1,053 1 Total For Public St&Hwy Lighting: 29,109 89,986 97,005 386,861 (7) 29,184 89,212 774 I Generation and Sub Station Credit 440.4550 SUB-STATION CREDIT 1,168 3,504 3,504 14,015 0 1,168 3,504 0 0 36 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING MARCH 2015 2015 2015 2015 .2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 MARCH YTD BUDGET BUDGET Bud Var% MARCH YTD VARIANCE Actual Var% 440.4551 GENERATION CREDIT 1,800 5,400 13,795 20,160 (61) 3,360 6,720 (1,320) (20) Total For Generation and Sub Station Credit: 2,968 8,904 17,299 41,175 (49) 4,528 10,224 (1,320) (13) Dispersed Generation Credit 440.4552 DISPERSED GENERATION CREDIT (71,150) (207,430) (241,768) (771,008) (14) (67,470) (204,850) (2,580) 1 Total For Dispersed Generation Credit: (71,150) (207,430) (241,768) (771,008) (14) (67,470) (204,850) (2,580) 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 2,212,318 7,155,578 6,903,888 30,599,548 4 2,189,460 6,734,095 421,483 6 Other Operating Revenue Interest/Dividend Income 460.4691 INTEREST&DIVIDEND INCOME 16,893 36,644 29,892 105,000 23 7,665 29,691 6,953 23 Total For Interest/Dividend Income: 16,893 36,644 29,892 105,000 23 7,665 29,691 6,953 23 Customer Penalties 470.4701 CUSTOMER DELINQUENT PENALT (1,557) 45,186 57,228 250,000 (21) 20,706 62,226 (17,041) (27) Total For Customer Penalties: (1,557) 45,186 57,228 250,000 (21) 20,706 62,226 (17,041) (27) LFG Project 470.4721 LFG PROJECT 87,860 268,204 297,054 1,136,812 (10) 87,050 262,283 5,922 2 Total For LFG Project: 87,860 268,204 297,054 1,136,812 (10) 87,050 262,283 5,922 2 Connection Fees 470.4702 DISCONNECT&RECONNECT CHA 2,935 15,570 18,182 125,000 (14) 4,164 21,184 (5,614) (27) Total For Connection Fees: 2,935 15,570 18,182 125,000 (14) 4,164 21,184 (5,614) (27) Security 470.4700 SECURITY REVENUE 18,081 67,883 66,486 270,000 2 20,044 77,859 (9,976) (13) Total For Security: 18,081 67,883 66,486 270,000 2 20,044 77,859 (9,976) (13) Misc Revenue 470.4703 MISC ELEC REVENUE-TEMP CHG 0 150 0 1,000 0 0 450 (300) (67) 470.4715 NON-UTILITY OPERATIONS 17,761 23,535 5,512 65,000 327 11,443 17,682 5,853 33 470.4722 MISC NON-UTILITY 1,613 8,635 12,358 35,000 (30) 4,545 17,356 (8,721) (50) 470.4723 GAIN ON DISPOSITION OF PROP 3,699 3,699 0 0 0 0 0 3,699 0 470.4724 SALES OF MERCHANDISE 0 225 0 0 0 0 0 225 0 470.4750 RENTAL PROPERTY INCOME 2,060 6,222 2,288 24,720 172 2,060 6,180 42 1 Total For Misc Revenue: 25,133 42,466 20,158 125,720 I 1 1 18,048 41,668 799 2 37 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING MARCH 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 MARCH YTD BUDGET BUDGET Bud Var% MARCH YTD VARIANCE Actual Var% Prior Period Adjustment Total For Prior Period Adjustment: 0 0 0 0 0 0 0 0 0 Total Other Revenue 149,346 475,953 489,000 2,012,532 (3) 157,677 494,910 (18,957) (4) Total For Total Other Revenue: 149,346 475,953 489,000 2,012,532 (3) 157,677 494,910 (18,957) (4) Total Revenue 2,361,664 7,631,531 7,392,888 32,612,080 3 2,347,137 7,229,005 402,526 6 Expenses Purchased Power 540.5551 PURCHASED POWER 1,648,289 5,181,884 5,202,302 22,577,733 0 1,971,235 5,782,680 (600,796) (10) Total For Purchased Power: 1,648,289 5,181,884 5,202,302 22,577,733 0 1,971,235 5,782,680 (600,796) (10) Operating&Mtce Expense 540.5461 OPERATING SUPERVISION 0 0 20,287 89,342 (100) 5,961 17,319 (17,319) 0 540.5471 DIESEL OIL FUEL 2,748 3,969 4,389 23,000 (10) 1,679 5,190 (1,221) (24) 540.5472 NATURAL GAS 3,596 10,273 15,582 38,000 (34) 4,149 12,274 (2,002) (16) 540.5483 STATION PWR&WTR CONSP/PLA 4,167 12,621 11,196 50,000 13 2,961 11,777 844 7 540.5484 OTHER EXP/PLANT SUPPLIES-ETC 1,744 2,173 2,256 6,000 (4) 192 590 1,583 268 540.5491 MISC OTHER PWR GENERATION E 1,235 2,382 3,105 13,000 (23) 1,004 3,065 (683) (22) 540.5521 MAINTENANCE OF STRUCTURE/P 4,614 14,409 13,067 32,525 10 3,324 8,694 5,715 66 540.5531 MTCE OF ENGINES/GENERATORS- 1,830 6,431 5,017 43,555 28 3,035 8,719 (2,288) (26) 540.5541 MICE OF PLANT/LAND IMPROVE 1,925 6,754 15,891 32,000 (57) 2,374 11,607 (4,853) (42) Total For Operating&Mtce Expense: 21,858 59,013 90,790 327,422 (35) 24,681 79,236 (20,223) (26) Landfill Gas 550.5050 LFG PURCHASED GAS 12,857 37,809 39,481 170,000 (4) 13,312 38,478 (669) (2) 550.5051 LANDFILL GAS O&M 42,269 125,496 122,398 500,000 3 41,711 118,820 6,676 6 550.5052 LFG ADMIN 48 503 3,757 10,000 (87) 47 571 (68) (12) 550.5053 LFG INSURANCE 1,385 4,154 3,831 17,500 8 1,394 4,182 (28) (1) 550.5054 LFG MTCE 365 365 0 20,000 0 0 0 365 0 Total For Landfill Gas: 56,924 168,327 169,467 717,500 (1) 56,463 162,052 6,275 4 Distribution Expense 580.5831 TRANSFORMER EX/OVERHD&UN 0 757 1,132 11,000 (33) 842 2,789 (2,033) (73) 580.5851 MTCE OF SIGNAL SYSTEMS 0 0 523 1,500 (100) 41 41 (41) 0 580.5861 METER EXP-REMOVE&RESET 129 129 38 439 4,000 (71) 58 219 (90) (41) ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING MARCH 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 MARCH YTD BUDGET BUDGET Bud Var% MARCH YTD VARIANCE Actual Var% 580.5871 TEMP SERVICE-INSTALL&REMO 0 158 375 1,500 (58) 179 709 (551) (78) 580.5881 MISC DISTRIBUTION EXPENSE 11,678 55,064 55,625 203,515 (I) 11,854 47,280 7,785 16 Total For Distribution Expense: 11,807 56,108 58,094 227,515 (3) 12,975 51,038 5,070 10 Maintenance Expense 590.5911 MTCE OF STRUCTURES 3,957 11,665 2,540 7,500 359 92 964 10,701 1,110 590.5921 MTCE OF SUBSTATIONS 1,413 4,129 4,997 20,000 (17) 1,346 5,098 (969) (19) 590.5922 MTCE OF SUBSTATION EQUIPME 178 922 4,168 10,000 (78) 0 1,141 (219) (19) 590.5931 MTCE OF OVERHD LINES/TREE TR 18,207 37,971 85,546 135,000 (56) 14,855 35,649 2,321 7 590.5932 MTCE OF OVERHD LINES/STANDB 2,251 6,123 7,054 30,000 (13) 1,907 5,816 307 5 590.5933 MTCE OF OVERHEAD 30,437 68,611 16,192 97,120 324 4,952 17,647 50,964 289 590.5941 MTCE OF UNDERGROUND/DISTRI 10,246 14,023 2,466 97,525 469 4,423 17,788 (3,764) (21) 590.5943 LOCATE UNDERGROUND PRIMAR 1,691 3,997 4,065 26,000 (2) 897 2,941 1,057 36 590.5951 MICE OF LINE TRANSFORMERS 2,496 3,428 6,361 35,000 (46) 6,921 1 1,214 (7,787) (69) 590.5961 MTCE OF STREET LIGHTING 3,022 11,620 7,288 35,000 59 1,309 5,486 6,134 112 590.5962 MTCE OF SECURITY LIGHTING 197 3,556 1,970 12,000 81 636 979 2,577 263 590.5971 MTCE OF METERS 8,422 21,304 28,847 85,515 (26) 5,798 20,290 1,014 5 590.5972 VOLTAGE COMPLAINTS 809 1,506 1,225 8,000 23 0 811 695 86 590.5981 SALARIES/TRANS&DISTRIBUTIO 0 0 10,022 43,575 (100) 2,667 7,894 (7,894) 0 590.5985 ELECTRIC MAPPING 12,350 26,087 12,040 67,000 117 8,122 17,254 8,834 51 590.5991 MTCE OF OVERHEAD SERVICE/2N 3,974 3,307 4,129 13,000 (20) 1,261 2,980 327 11 590.5992 MTCE OF UNDERGROUND ELEC S 1,759 4,582 7,786 37,020 (41) 2,042 5,061 (479) (9) 590.5993 LOCATE UNDERGROUND SECOND 1,466 3,147 2,967 22,000 6 588 2,421 726 30 590.5995 TRANSPORTATION EXPENSE 11,526 39,678 37,242 166,515 7 17,796 65,100 (25,422) (39) Total For Maintenance Expense: 1 14,400 265,656 246,905 947,770 8 75,613 226,535 39,121 17 Depreciation 595,8031 DEPRECIATION 158,855 475,036 575,000 2,300,000 (17) 191,666 574,998 (99,962) (17) Total For Depreciation: 158,855 475,036 575,000 2,300,000 (17) 191,666 574,998 (99,962) (17) Interest Expense 596.8071 INTEREST ON BONDS/LONG TERM 11,493 35,298 35,766 136,360 (1) 16,092 49,140 (13,842) (28) 596.8075 INTEREST ON DEFEASED BONDS (273) (818) (819) (3,271) 0 (273) (818) 0 0 Total For Interest Expense: 11,220 34,480 34,947 133,089 (1) 15,820 48,322 (13,842) (29) Security 39 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES[N NET POSITION FOR PERIOD ENDING MARCH 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 MARCH YTD BUDGET BUDGET Bud Var% MARCH YTD VARIANCE Actual Var% 597.8172 SECURITY EXPENSE 20,367 51,596 55,094 215,000 (6) 20,940 46,469 5,127 11 Total For Security: 20,367 51,596 55,094 215,000 (6) 20,940 46,469 5,127 11 Other Operating Expense 597.8213 LOSS ON DISPOSITION OF PROP 0 1,831 4 20,000 45,675 0 8,331 (6,500) (78) 597.8263 OTHER DONATIONS 0 0 24 5,000 (100) 18 18 (18) 0 597.8264 DAM MAINTENANCE EXPENSE 389 671 0 7,800 0 0 0 671 0 597.8281 AMORTIZATION OF DEBT DISCOU (1,159) (3,478) (2,388) (9,552) 46 (1,159) (1,159) (2,318) 200 597.8341 INTEREST PD ON METER DEPOSIT 35 122 9 1,000 1,256 I 6 117 1,933 597.8400 RENTAL PROPERTY EXPENSE 409 838 485 6,000 73 409 856 (18) (2) I Total For Other Operating Expense: (327) (15) (1,866) 30,248 (99) (731) 8,052 (8,067) (100) Customer Accounts Expense 900.9021 METER READING EXPENSE 3,190 11,404 6,744 35,000 69 2,473 7,346 4,058 55 I 900.9030 COLLECTING EXP DISC/RECONNE 106 453 1,588 12,000 (71) 501 1,188 (735) (62) 900.9041 CUSTOMER CHECKS RETURNED - 0 0 969 1,500 (100) 0 20 (20) 0 900.9051 MISC CUSTOMER ACCTS EXP-CO 42,966 67,727 37,937 162,220 79 11,627 44,390 23,336 53 900.9061 CUST BLGS NOT PD/SENT FOR CO 1,867 (473) 15,899 45,000 (103) (1,646) (4,280) 3,807 (89) Total For Customer Accounts Expense: 48,129 79,111 63,137 255,720 25 12,956 48,665 30,446 63 Administrative&General Expense 920.9201 SALARIES/OFFICE&COMMISSION 43,364 122,508 128,203 659,295 (4) 38,790 110,083 12,425 11 920.9205 TEMPORARY STAFFING 0 0 999 4,000 (100) 0 0 0 0 920.9211 OFFICE SUPPLIES&EXPENSE 22,335 40,079 29,711 110,000 35 5,558 23,939 16,140 67 920.9212 LT&WATER CONSUMPTION/OFFI 1,009 3,191 4,178 25,000 (24) 1,077 3,090 101 3 920.9213 BANK CHARGES 234 710 3,006 4,000 (76) 30 548 162 30 920.9221 LEGAL FEES 4,788 7,758 10,921 40,000 (29) 921 1,861 5,897 317 920.9231 AUDITING FEES 0 10,160 13,031 14,400 (22) 7,920 10,480 (320) (3) 920.9241 INSURANCE 13,685 71,274 46,495 176,866 53 15,211 45,469 25,805 57 920.9261 UTIL SH OF MEDICAL/DENTAL/DI 35,220 137,366 146,191 525,936 (6) 31,763 124,523 12,843 10 920.9262 UTILITY SHARE OF PERA 14,508 50,532 50,908 192,000 (1) 13,737 48,112 2,420 5 920.9263 UTILITY SHARE OF FICA 13,358 46,462 49,597 192,000 (6) 13,258 46,724 (262) (1) 920.9264 EMPLOYEES SICK PAY 7,017 25,638 17,823 96,768 44 8,545 17,979 7,659 43 920.9266 EMP VACATION/HOLIDAY PAY 9,142 64,823 46,001 230,000 41 12,988 58,247 6,576 I I 920,9269 CONSERVATION IMP PROGRAM 11,169 12,982 51,610 186,454 (75) (1,331) 11,861 1,121 9 40 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING MARCH 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 MARCH YTD BUDGET BUDGET Bud Var% MARCH YTD VARIANCE Actual Var% 920.9281 ENVIRONMENTAL COMPLIANCE 2,019 6,058 7,274 27,000 (17) 3,148 6,761 (703) (10) 920.9291 CONSULTING FEES 3,040 3,040 26,082 85,000 (88) 0 138 2,902 2,103 920.9301 TELEPHONE 3,601 7,231 5,111 22,000 41 1,553 4,795 2,436 51 920.9302 ADVERTISING 4,367 4,523 2,054 5,500 120 1,483 1,483 3,039 205 920.9303 DUES&SUBSCRIPTIONS-FEES 10,270 24,329 44,786 200,000 (46) 26,540 39,887 (15,558) (39) 920.9304 TRAVEL EXPENSE 4,319 4,689 62 15,500 7,463 160 1,567 3,122 199 920.9305 SCHOOLS&MEETINGS 12,711 38,878 45,146 177,294 (14) 18,029 44,251 (5,373) (12) 920.9306 MISC GENERAL EXPENSE 0 19 0 1,000 0 262 262 (243) (93) Total For Administrative&General Expense: 216,155 682,249 729,189 3,053,013 (6) 199,641 602,060 80,189 13 Total Expenses(before Operating Transfers) 2,307,678 7,053,445 7,223,059 30,785,010 (2) 2,581,258 7,630,107 (576,662) (8) Operating Transfer Transfer To City For 99 Bond Operating Transfer/Other Funds 597.8262 TRANSFER TO CITY 3%ER REVEN 58,784 190,333 181,294 810,000 5 57,973 179,309 11,024 6 Total For Operating Transfer/Other Funds: 58,784 190,333 181,294 810,000 5 57,973 179,309 11,024 6 Utilities&Labor Donated 597.8261 UTILITIES&LABOR DONATED 48,569 135,295 122,494 515,000 10 45,732 129,911 5,384 4 Total For Utilities&Labor Donated: 48,569 135,295 122,494 515,000 10 45,732 129,911 5,384 4 Total Operating Transfer 107,353 325,628 303,788 1,325,000 7 103,706 309,220 16,408 5 Total For Total Operating Transfer: 107,353 325,628 303,788 1,325,000 7 103,706 309,220 16,408 5 Net Income Profit(Loss) (53,366) 252,458 (133,959) 502,070 (288) (337,827) (710,323) 962,781 (136) 41 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING MARCH 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 MARCH YTD BUDGET BUDGET Bud Var% MARCH YTD VARIANCE Actual Var% Water Revenue Operating Revenue Water Sales 610.6101 WATER SALES COMM&RES/COM 107,414 343,422 286,640 2,193,576 20 96,615 309,306 34,116 11 610.6115 WATER SALES CITY DONATED 336 1,007 0 0 0 0 0 1,007 0 Total For Water Sales: 107,749 344,429 286,640 2,193,576 20 96,615 309,306 35,123 11 Total Operating Revenue 107,749 344,429 286,640 2,193,576 20 96,615 309,306 35,123 11 Total For Total Operating Revenue: 107,749 344,429 286,640 2,193,576 20 96,615 309,306 35,123 11 Other Operating Revenue Interest/Dividend Income 460.4691 INTEREST&DIVIDEND INCOME 4,223 9,161 8,633 26,700 6 1,916 7,423 1,738 23 460.4692 OTHER INT/MISC REVENUE 0 0 0 0 0 0 74 (74) 0 Total For Interest/Dividend Income: 4,223 9,161 8,633 26,700 6 1,916 7,497 1,664 22 Customer Penalties 620.6301 CUSTOMER PENALTIES (47) 2,254 1,944 15,000 16 1,062 3,818 (1,563) (41) Total For Customer Penalties: (47) 2,254 1,944 15,000 16 1,062 3,818 (1,563) (41) Connection Fees 620.6401 WATER/ACCESS/CONNECTION FE 0 30,240 20,167 150,000 50 8,750 78,683 (48,444) (62) 620.6402 MISC CONNECTION FEES 618 3,410 2,245 15,000 52 1,741 6,105 (2,695) (44) Total For Connection Fees: 618 33,650 22,412 165,000 50 10,491 84,788 (51,138) (60) Misc Revenue 470.4750 RENTAL PROPERTY INCOME 515 1,556 572 6,180 172 515 1,545 11 I 620.6403 MISCELLANEOUS REVENUE 0 42 525 2,500 (92) 0 0 42 0 620.6404 HYDRANT MAINTENANCE PROGR 795 2,405 1,749 7,000 38 535 1,605 800 50 620.6406 WATER TOWER LEASE 11,727 35,180 19,208 88,000 83 6,468 23,789 11,391 48 Total For Misc Revenue: 13,037 39,182 22,054 103,680 78 7,518 26,939 12,243 45 Restate Beginning Retained Earnings Total For Restate Beginning Retained Earnings: 0 0 0 0 0 0 0 0 0 Total Other Revenue 17,831 84,247 55,043 310,380 53 20,987 123,042 (38,794) (32) Total For Total Other Revenue: 17,831 84,247 55,043 310,380 53 20,987 123,042 (38,794) (32) 42 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING MARCH 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 MARCH YTD BUDGET BUDGET Bud Var% MARCH YTD VARIANCE Actual Var% Total Revenue 125,580 428,676 341,683 2,503,956 25 117,602 432,348 (3,671) (1) Expenses Production Expense 700.7021 MTCE OF STRUCTURES 1,014 1,928 12,688 20,000 (85) 150 916 1,012 110 700.7022 TOWER&GROUNDS INSPECTION 88 88 0 0 0 377 1,182 (1,093) (93) Total For Production Expense: 1,102 2,016 12,688 20,000 (84) 527 2,098 (82) (4) Pumping Expense 710.7101 SUPERVISION 0 0 4,687 20,600 (100) 872 2,466 (2,466) 0 710.7181 SUPPLIES&EXPENSE 13,519 50,966 58,417 250,000 (13) 19,579 62,013 (11,047) (18) 710.7182 SAMPLING 1,065 2,610 1,299 9,000 101 1,097 2,785 (175) (6) 710.7183 CHEMICAL FEED 1,051 2,804 6,647 30,000 (58) 1,856 4,230 (1,426) (34) 710.7201 MTCE OF ELECT PUMPING EQUIP 12 44 0 0 0 0 151 (107) (71) 710.7220 MTCE OF WELLS 8,672 32,262 40,635 125,000 (21) 25,741 38,757 (6,496) (17) 710.7225 GENERATION 0 0 0 0 0 0 12 (12) 0 710.7230 SCADA-PUMPING 0 0 4,831 15,000 (100) 581 2,190 (2,190) 0 Total For Pumping Expense: 24,319 88,685 116,516 449,600 (24) 49,726 112,604 (23,919) (21) Distribution Expense 730.7301 MTCE OF WATER MAINS 318 3,337 2,957 60,000 13 2,084 11,617 (8,280) (71) 730,7309 LOCATE WATER SVC 345 885 1,214 7,500 (27) 177 591 293 50 730.7310 LOCATE WATER MAIN 124 169 0 0 0 0 29 140 483 730.7311 MTCE OF WATER SERVICES 7,308 18,014 0 0 0 1,239 4,048 13,966 345 730.7312 WATER METER SERVICE 400 891 1,533 5,000 (42) 143 402 490 122 730.7315 INSTALL&MTC IRRIG METERS 0 0 1,113 5,000 (100) 0 143 (143) 0 730.7321 MTCE OF CUSTOMERS SERVICE 1,642 5,016 6,667 31,000 (25) 2,959 8,018 (3,003) (37) 730.7325 WATER MAPPING 2,950 3,803 995 18,000 282 83 492 3,311 673 730.7330 SCADA-DISTRIBUTION 0 0 0 0 0 465 1,763 (1,763) 0 730.7331 MTCE OF WATER HYDRANTS 310 609 1,429 25,000 (57) 0 29 580 2,000 730.7341 MISC WATER EXPENSE/INVENTO 1,225 1,331 870 12,000 53 82 1,806 (475) (26) 730.7391 WAGES/WATER 0 0 0 0 0 436 1,233 (1,233) 0 730.7395 TRANSPORTATION EXPENSE 685 4,179 2,209 15,000 89 910 2,863 1,316 46 730.7399 GENERAL EXP/WATER PERMIT 11,593 11,593 14,000 14,000 (17) 0 13,295 (1,702) (13) 43 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING MARCH 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 MARCH YTD BUDGET BUDGET Bud Var% MARCH YTD VARIANCE Actual Var% Total For Distribution Expense: 26,900 49,826 32,987 192,500 51 8,578 46,330 3,496 8 Depreciation 595.8031 DEPRECIATION 93,023 279,007 282,501 1,130,000 (1) 93,333 279,999 (992) 0 Total For Depreciation: 93,023 279,007 282,501 1,130,000 (1) 93,333 279,999 (992) 0 Interest Expense 596.8071 INTEREST ON BONDS/LONG TERM 5,450 16,904 17,510 67,080 (3) 6,005 19,421 (2,516) (13) 596.8075 INTEREST ON DEFEASED BONDS (68) (204) (204) (818) 0 (68) (204) 0 0 Total For Interest Expense: 5,382 16,700 17,306 66,262 (4) 5,937 19,216 (2,516) (13) Other Operating Expense 597.8213 LOSS ON DISPOSITION OF PROP 0 0 200 1,000 (100) 0 0 0 0 597.8341 INTEREST PD ON METER DEPOSIT I 6 0 0 0 0 0 6 0 597.8400 RENTAL PROPERTY EXPENSE 102 209 387 2,500 (46) 102 214 (5) (2) 750.7581 2010 GO BONDS AMORT DISCOUN 0 0 (819) (3,272) (100) 0 0 0 0 Total For Other Operating Expense: 103 215 (232) 228 (193) 102 214 I 0 Customer Accounts Expense 900.9021 METER READING EXPENSE 147 413 1,728 7,000 (76) 233 709 (297) (42) 900.9030 COLLECTING EXP DISC/RECONNE 0 0 1,626 6,500 (100) 200 334 (334) 0 900.9051 MISC CUSTOMER ACCTS EXP-CO 9,456 17,225 11,583 45,000 49 3,301 1 1,337 5,889 52 900.9061 CUST BLGS NOT PD/SENT FOR CO 0 0 488 1,000 (100) 0 0 0 0 Total For Customer Accounts Expense: 9,604 17,638 15,425 59,500 14 3,734 12,379 5,259 42 Administrative&General Expense 920.9201 SALARIES/OFFICE&COMMISSION 10,781 30,294 26,936 141,000 12 9,698 27,530 2,764 10 920.9205 TEMPORARY STAFFING 0 0 501 2,000 (100) 0 0 0 0 920.9211 OFFICE SUPPLIES&EXPENSE 4,794 13,292 9,633 35,000 38 1,811 6,397 6,895 108 920.9212 LT&WATER CONSUMPTION/OFFI 252 798 835 5,000 (4) 269 772 25 3 920.9213 BANK CHARGES 58 183 242 1,000 (24) 64 193 (II) (5) 920.9221 LEGAL FEES 208 720 1,379 5,500 (48) 217 757 (37) (5) 920.9231 AUDITING FEES 0 2,540 3,257 3,600 (22) 1,980 2,620 (80) (3) 920.9241 INSURANCE 1,929 13,184 12,827 44,216 3 2,311 6,934 6,250 90 920.9261 UTIL SH OF MEDICAL/DENTAL/DI 11,380 37,716 32,663 121,423 15 10,248 38,195 (480) (1) 920.9262 UTILITY SHARE OF PERA 1,509 5,744 6,414 32,007 (10) 1,573 5,079 665 13 920.9263 UTILITY SHARE OF FICA 1,468 5,596 6,156 23,083 (9) 1,579 5,066 531 10 44 ELK RIVER MUNICIPAL UTILITES ELK RIVER,MINNESOTA STATEMENTS OF REVENUES,EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING MARCH 2015 2015 2015 2015 2015 YTD ANNUAL 2015 YTD 2014 2014 YTD 2014 v.2015 MARCH YTD BUDGET BUDGET Bud Var°/ MARCH YTD VARIANCE Actual Var% 920.9264 EMPLOYEES SICK PAY 1,687 5,884 4,189 24,162 40 2,136 4,495 1,390 31 920.9266 EMP VACATION/HOLIDAY PAY 2,420 14,706 10,000 46,535 47 3,247 14,562 144 1 920.9268 MISCELLANEOUS-WELLHEAD P 368 457 1,535 9,064 (70) 483 511 (55) (11) 920.9269 CONSERVATION IMP PROGRAM 2,331 2,361 396 10,000 496 608 2,648 (287) (11) 920.9281 ENVIRONMENTAL COMPLIANCE 0 0 286 750 (100) 35 273 (273) 0 920.9301 TELEPHONE 900 1,809 1,194 5,100 52 387 1,196 614 51 920.9302 ADVERTISING 463 502 679 5,272 (26) 145 369 133 36 920.9303 DUES&SUBSCRIPTIONS-FEES (2,315) 11,841 9,669 39,249 22 403 9,665 2,176 23 920.9304 TRAVEL EXPENSE 1,102 1,108 0 2,500 0 40 41 1,067 2,602 920.9305 SCHOOLS&MEETINGS 2,603 6,654 7,845 23,479 (15) 2,389 6,882 (227) (3) 920.9306 MISC GENERAL EXPENSE 0 3 0 500 0 79 79 (76) (96) Total For Administrative&General Expense: 41,939 155,394 136,636 592,440 14 39,702 134,266 21,128 16 Total Expenses(before Operating Transfers) 202,372 609,482 613,827 2,510,530 (1) 201,639 607,107 2,375 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 336 1,007 0 0 0 0 0 1,007 0 790.8261 UTILITIES&LABOR DONATED 0 0 126 500 (100) 0 0 0 0 Total Operating Transfer 336 31,007 30,126 30,500 0 0 25,000 6,007 24 Total For Total Operating Transfer: 336 31,007 30,126 30,500 3 0 25,000 6,007 24 Net Income Profit(Loss) (77,128) (211,812) (302,270) (37,074) (30) (84,037) (199,759) (12,053) 6 45