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5.1 ERMUSR 06-11-2019Elk River Municipal Utilities TO: ERMU Commission MEETING DATE: June 11, 2019 SUBJECT: Financial Report —April 2019 ACTION REQUESTED: UTILITIES COMMISSION MEETING FROM: Theresa Slominski — Finance & Office Man AGENDA ITEM NUMBER: 5.1 I Receive the April 2019 Financial Report DISCUSSION: Electric April's electric kWh sales are up from the prior year, less than 1%. For further breakdown: • Residential usage is up 2% • Small Commercial usage is down 7% • Large Commercial usage is up 1% Electric Operating Revenues for April of $2,600,650 are in line with the prior year but behind budget by 1%. April YTD is ahead of prior year by 2% and budget by 1%. The prior YTD variance is mainly due to not having the Dispersed Generation Credit since transitioning to MMPA. Other Revenues of $175,087 is less than the prior year by 6% but is ahead of budget by 6%. Other Revenue YTD is below prior year by 25% but is ahead of budget by 6%. The main driver of the prior YTD variance is from Contributions from Customers (Otsego Street Light Asset Transfer). Overall, Total Revenues of $2,775,738 are below the prior year by 1% and are in line with budget. YTD is above prior year by less than 1% and is ahead of budget by 1%. Purchased Power of $1,792,410 is more than the prior year by 6%, and above budget by 3%. YTD is less than prior year by 1% but is ahead of budget by 3%. Administrative Expenses of $256,634 are 14% more than the prior year, but 8% below budget. YTD costs are more than the prior year by 11%, but are less than budget by 7%. The main drivers of the prior YTD variance are due to Employee Vacation Pay which is because of the change in when the PTO day is awarded and Deferred Comp due to a change in employer contribution. Page 1 of 2 44 General Expenses of $31,608 are 118% more than the prior year, but are 30% below budget. YTD costs are more than the prior year by 55% but are less than budget by 43%. The main driver causing the prior YTD variance is CIP Rebates being fully funded from ERMU. For expenses, in total YTD are 3% more than the prior year, but are in line with budget. For April 2019, the Electric Department has a Net Profit of $42,462 and YTD Net Profit of $534,199. This falls short of the budgeted monthly Net Profit of $50,438, and is less than the prior year monthly Net Profit of $292,183. This does however exceed the budgeted YTD Net Profit of $351,783, but is less than the prior YTD Net Profit of $832,920. Water April's gallons of water sold are flat from the prior year. For further breakdown: • Residential use is down 1% • Commercial use is up 1% Water Operating Revenues for April of $121,237 are above of the prior year by 3% and ahead of budget by 13%. YTD is ahead of prior year by 4% and is also ahead of budget by 13%. Other Revenues of $35,120 are below the prior year by 57% but are ahead of prior YTD by 3%. Other Revenues are ahead of YTD budget by 18%. Overall, Total Revenues of $156,358 are below prior year by 21% but are ahead of prior YTD by 3%. YTD Total Revenues are ahead of budget by 15%. Total Expenses of $212,466 are more than the prior year by 1%, but are below YTD budget by 6%. For April 2019, the Water Department has a Net Loss of ($56,108) (typical for the water department) and YTD Net Loss of ($211,144). This is ahead of the budgeted monthly Net Loss of ($85,045), but is behind the prior year monthly Net Loss of ($12,832). YTD is significantly ahead of the budgeted YTD Net Loss of ($359,685), but is slightly behind the prior YTD Net Loss of ($206,255). ATTACHMENTS: • Balance Sheet 4.2019 • Summary Electric Statement of Revenues, Expenses and Changes in Net Position 4.2019 • Summary Water Statement of Revenues, Expenses and Changes in Net Position 4.2019 • Graphs Prior Year and YTD 2019 • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 4.2019 • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 4.2019 Page 2 of 2 45 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA COMBINED BALANCE SHEET FOR PERIOD ENDING APRIL 2019 ELECTRIC WATER ASSETS CURRENT ASSETS CASH 10,564,420 5,316,647 ACCOUNTS RECEIVABLE 1,585,418 259,479 INVENTORIES 854,274 8,893 PREPAID ITEMS 162,077 20,150 CONSTRUCTION IN PROGRESS 269,311 20,412 TOTAL CURRENT ASSETS 13,435,499 5,625,582 RESTRICTED ASSETS BOND RESERVE FUND 1,261,359 0 EMERGENCY RESERVE FUND 2,703,349 1,304,278 UNRESTRICTED RESERVE FUND 0 0 TOTAL RESTRICTED ASSETS 3,964,708 1,304,278 FIXED ASSETS PRODUCTION 645,285 13,539,819 LFG PROJECT 3,619,202 0 TRANSMISSION 2,301,867 0 DISTRIBUTION 39,964,720 23,042,971 GENERAL 10,477,744 1,031,318 FIXED ASSETS (COST) 57,008,817 37,614,108 LESS ACCUMULATED DEPRECIATION (28,288,432) (17,999,292) TOTAL FIXED ASSETS, NET 28,720,385 19,614,816 INTANGIBLE ASSETS POWER AGENCY MEMBERSHIP BUY -IN 21,546,212 0 LOSS OF REVENUE INTANGIBLE 1,733,743 0 LESS ACCUMULATED AMORTIZATION (388,594) 0 TOTAL INTANGIBLE ASSETS, NET 22,891,360 0 OTHER ASSETS AND DEFERRED OUTFLOWS 549,234 104,302 TOTAL ASSETS 69,561,186 26,648,979 LIABILITIES AND FUND EQUITY CURRENT LIABILITIES ACCOUNTS PAYABLE 3,256,683 210,441 SALARIES AND BENEFITS PAYABLE 608,082 95,705 DUE TO CITY 573,729 1,164 DUE TO OTHER FUNDS 0 0 NOTES PAYABLE -CURRENT PORTION 133,944 0 BONDS PAYABLE -CURRENT PORTION 225,000 0 UNEARNED REVENUE 7,280 55,084 TOTAL CURRENT LIABILITIES 4,804,717 362,394 LONG TERM LIABILITIES LFG PROJECT 619,692 0 DUE TO COUNTY 0 0 BONDS PAYABLE, LESS CURRENT PORTION 21,038,725 874,178 PENSION LIABILITIES 2,430,359 454,388 TOTAL LONG TERM LIABILITIES 24,088,776 1,328,566 TOTAL LIABILITIES 28,893,493 1,690,960 DEFERRED INFLOWS OF RESOURCES 681,694 127,452 FUND EQUITY CAPITAL ACCOUNT CONST COST 1,261,359 0 CONTRIBUTED CAPITAL 0 0 RETAINED EARNINGS 38,190,441 25,041,711 NET INCOME (LOSS) (THROUGH PREVIOUS MONTH) 534,199 (211,145) TOTAL FUND EQUITY 39,985,999 .24,830,566 TOTAL LIABILITIES & FUND EQUITY 69,561,186 26,648,979 46 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING APRIL 2019 Electric Revenue Operating Revenue Elk River Otsego Rural Big Lake Dayton Public St & Hwy Lighting Other Electric Sales Dispersed Generation Credit Total Operating Revenue Other Operating Revenue Interest/Dividend Income Customer Penalties LFG Project Connection Fees Misc Revenue Total Other Revenue Total Revenue Expenses Purchased Power Operating & Mtce Expense Landfill Gas Transmission Expense Distribution Expense Maintenance Expense Depreciation & Amortization Interest Expense Other Operating Expense Customer Accounts Expense Administrative Expense General Expense Total Expenses(before Operating Transfers) Operating Transfer Operating Transfer/Other Funds Utilities & Labor Donated Total Operating Transfer Net Income Profit(Loss) 2019 2019 2019 2019 YTD ANNUAL 2019 YTD 2018 2018 YTD 2018 v. 2019 APRIL YTD BUDGET BUDGET Bud Var% APRIL YTD V ARLANCE Actual Var% 2,371,783 10,372,088 10,287,747 34,154,535 1 2,414,035 10,392,192 (20,104) 0 181,701 834,081 805,787 2,715,484 4 189,273 813,968 20,113 2 12,900 60,970 58,286 187,389 5 13,070 58,878 2,092 4 15,209 73,115 68,806 221,713 6 15,224 69,504 3,610 5 18,656 74,826 72,211 217,972 4 18,035 72,944 1,882 3 400 1,600 1,600 4,800 0 400 1,600 0 0 0 0 0 0 0 (40,0511 (244,617� 244,617 (100) 2,600,650 11,416,683 11,294,439 37,501,895 1 2,609,987 11,164,471 252,211 2 12,530 56,901 26,666 80,000 113 6,658 23,456 33,445 143 15,489 75,828 83,461 250,000 (9) 22,468 51,365 24,463 48 92,015 364,980 385,797 1,157,393 (5) 103,344 374,225 (9,245) (2) 19,765 39,400 22,089 150,000 78 14,165 41,503 (2,103) (5) 35,287 135,199 116,666 351,050 16 39,305 403,657 (268,457) (67) 175,087 672,310 634,681 1,988,443 6 185,942 894,207 (221,896) (25) 2,775,738 12,088,993 11,929,120 39,490,338 1 2,795,930 12,058,678 30,314 0 1,792,410 7,712,910 7,516,853 25,724,105 3 1,690,448 7,825,169 (112,259) (1) 18,232 122,588 101,907 280,610 20 20,594 95,179 27,409 29 62,157 247,171 252,846 787,740 (2) 58,743 235,038 12,133 5 3,080 9,704 12,733 38,199 (24) 868 4,719 4,985 106 36,569 145,729 131,171 393,516 11 37,420 104,415 41,313 40 102,748 394,791 486,214 1,308,092 (19) 128,497 543,905 (149,114) (27) 233,792 933,281 948,240 2,895,535 (2) 177,755 710,940 222,341 31 53,704 218,211 218,211 636,479 0 23,239 93,591 124,620 133 14,587 29,850 9,866 130,848 (203) 1,551 31,299 (1,449) 5 28,688 106,056 114,802 349,000 (8) 23,156 94,827 11,229 12 256,634 1,104,641 1,187,017 3,444,406 (7) 225,272 991,234 113,407 11 31,608 102,936 181,208 543,149 (43) 14,477 66,596 36,340 55 2,634,215 11,127,873 11,161,073 36,531,680 0 2,402,027 10,796,917 330,956 3 82,390 358,028 345,303 1,150,000 4 83,714 356,912 1,115 0 16,670 68,891 70,960 215,000 (3) 18,003 71,927 (3,036) (4) 99,060 426,920 416,263 1,365,000 3 101.718 428.840 (1,920) 0 42,462 534,199 351,783 1,593,658 52 292,183 832,920 (298,720) 36 47 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING APRIL 2019 2019 2019 2019 2019 YTD ANNUAL 2019 YTD 2018 2018 YTD 2018 v. 2019 Water APRIL YTD BUDGET BUDGET Bud Var% APRIL YTD V_4RLANCE Actual Var^/o Revenue Operating Revenue Water Sales 121,237 501,662 442,417 2,240,089 13 117,309 483,341 18,321 4 Total Operating Revenue 121,237 501,662 442,417 2,240,089 13 117,309 483,341 18,321 4 Other Operating Revenue Interest/Dividend Income 3,100 14,235 6,950 20,850 105 1,664 5,864 8,371 143 Customer Penalties 766 4,931 5,952 18,000 (17) 2,353 4,055 875 22 Connection Fees 11,160 96,356 74,666 224,000 29 57,462 104,035 (7,679) (7) Misc Revenue 20,093 81,336 78,866 265,552 3 19,587 77,744 3.591 5 Total Other Revenue 35,120 196,858 166,435 528,402 18 81,067 191,700 5,158 3 Total Revenue 156,358 698,521 608,853 2,768,491 15 198,377 675,041 23,479 3 Expenses Production Expense 3,489 22,284 17,166 51,500 30 2,218 16,219 6,065 37 Pumping Expense 37,280 150,882 170,375 540,464 (11) 44,500 154,778 (3,895) (3) Distribution Expense 15,596 71,554 101,108 272,163 (29) 9,597 54,218 17,336 32 Depreciation & Amortization 96,492 385,329 383,794 1,175,214 0 101,251 404,363 (19,034) (5) Interest Expense 2,682 11,477 11,477 32,939 0 3,429 14,430 (2,952) (20) Other Operating Expense 96 2,404 833 7,500 189 72 1,332 1,072 81 Customer Accounts Expense 5,037 20,277 23,833 71,500 (15) 5,229 21,260 (982) (5) Administrative Expense 51,029 241,796 255,825 749,331 (5) 44,226 211,996 29,800 14 General Expense 760 3,660 4,124 12,373 (11) 685 2,698 961 36 Total Expenses(hefore Operating Transfers) 212,466 909,666 968,538 2,912,985 (6) 211,209 881,297 28,369 3 Operating Transfer Net Income Profit(Loss) (56,108) (211,144) (359,685) (144,494) 41 (12,932) (206,255) (4,889) 2 48 C c N E m 0 Elk River Municipal Utilities Monthly Electrical Demand 70.0 65.0 J ♦ / ♦♦ 60.0 i J a J � 55.0 y 50.0 45.0 — — --- 40.0 35.0 30.0 a� mc1 Nr Q�\ a� ore S��A ��� o�c �6 COoo�e� eoecc Month -+-2018 --a- 2019 Elk River Municipal Utilities Monthly Energy Purchases 34,000 �s ♦♦ 29,000 24,000 19,000 - 14,000 G�opec ,o�.oec ae��ec Month -+-2018-■-2019 49 Elk River Municipal Utilities Monthly Total Electric Load 40,000 35,000 — - i %% 30,000 25,000 20,000 1 15,000 10,000 ! - - -- ,a��ac� c� �� to J�� J5ti sec roc ,p2� ,Qe� QQ � )J � Pao, SoQ�o� O°moo �ooF ooGeF Month --o.--2018 2019 Elk River Municipal Utilities Monthly Electric Sales $4,500,000 $4,000,000 $3,500,000 N L $3,000,000 — 0 G $2,500,000 d Ca Cn $2,000,000 $1,500,000 -- $1,000,000 c1 c1 or �a a <<o� Month 5 -+- 2018 --n- 2019 50 Elk River Municipal Utilities Monthly Residential, Commercial & Industrial Loads 25,000 20,000 15,000 — - 10,000 'O -ri a`i r♦r r..-� ��` r�----� G J 5,000 c1 c1 0� �� a� oe �� J5� ec t et ec � e CO,�p� OA" Month --*--2018 Residential —1-2019 Residential -.ir-2018 Commercial --m--2019 Commercial --w- -2018 Industrial —0-2019 Industrial Elk River Municipal Utilities Monthly Residential, Commercial & Industrial Sales $2,500,000 $2,000,000 a $1,500,000 �*`. - ,•' s� �� m N $500,000 - $0 6 "A Gr PQ`\ �a� ,J�e ,�\� �y� ec OG�o�e� e� eGe��ec Month 5 --#--2018 Residential -.IM-2019 Residential--Ar--2018 Commercial --1-2019 Commercial--X--2018 Industrial—f--2019 Industrial 51 c 0 g c rn CO c. E a Elk River Municipal Utilities Monthly Water Pumpage oe e Month -+-2018 f2019 Elk River Municipal Utilities Peak Day Pumpage 140 120 100 80 60 40 20 0 6 5 0 Fe Month -4-2018 2019 52 140.0 120.0 I 100.0 = 80.0 0 60.0 I N 40.0 ) 20.0 0.0 Elk River Municipal Utilities Monthly Water Sales mcA <A 4� O $450,000 $400,000 $350,000 $300,000 0 $250,000 __ N $200,000 d in $150,000 $100,000 $50, 000 $0 Month -4--2018 --m-2019 Elk River Municipal Utilities Monthly Water Sales t � _�. % _. ti Month --4--2018 2019 53 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING APRIL 2019 2019 2019 2019 2019 YTD ANNUAL 2019 YTD 2018 2018 YTD 2018 v. 2019 Electric APRIL YTD BUDGET BUDGET Bud Var% APRIL YTD VARIANCE Actual Var% Revenue Operating Revenue Elk River 440.4411 ELECT SALES/ELK RIVER RES 783,559 440.4412 ELECT SALES/ER NON -DEMAND 222,679 440,4413 ELECT SALES/ER DEMAND 1,365,544 Total For Elk River: 2,371,783 Otsego 440,4416 ELECT SALES/OTSEGO RES 79,577 440,4417 ELECT SALES/OTSEGO NON-DEM 25,896 440.4418 ELECT SALES/OTSEGO DEMAND 76,228 Total For Otsego: 181,701 Rural Big Lake 440.4421 ELECT SALES/BIG LAKE RES 12,748 440.4422 ELECT SALES/BL NON -DEMAND 152 Total For Rural Big Lake: 12,900 Dayton 440.4431 ELECT SALES/DAYTON RES 12,675 440.4432 ELECT SALES/DAYTON NON-DEM 2,533 Total For Dayton: 15,209 Public St & Hwy Lighting 440.4414 ELECT SALES/ELK RIVER SEC LTS 18,656 Total For Public St & Hwy Lighting: 18,656 Other Elect is Sales 440.4550 SUB -STATION CREDIT 400 Total For Other Electric Sales: 400 Dispersed Generation Credit 440.4552 DISPERSED GENERATION CREDIT 0 Total For Dispersed Generation Credit: 0 Total Operating Revenue 2,600,650 Other Operating Revenue Interest/Dividend Income 460.4691 INTEREST & DIVIDEND INCOME 12,530 Total For Interest/Dividend Income: 12,530 Customer Penalties 3,811,300 3,628,400 11,820,595 5 790,467 3,665,237 146,063 4 991,468 1,033,292 3,180,355 (4) 240,892 1,043,783 (52,314) (5) 5,569,318 5,626,054 19,153,584 (1) 1,382,675 5,683,172 (113,853) (2) 10,372,088 10,287,747 34,154,535 1 2,414,035 10,392,192 (20,104) 0 386,598 378,105 1,239,338 2 83,957 381,943 4,654 1 115,212 124,777 447,270 (8) 30,119 126,043 (10,831) (9) 332,271 302,905 1,028,876 10 75,196 305,980 26,290 9 834,081 805,787 2,715,484 4 189,273 813,968 20,113 2 60,354 57,719 183,510 5 12,926 58,305 2,049 t 616 566 3,878 9 144 572 43 8 60,970 58,286 187,389 5 13,070 58,878 2,092 4 61,875 58,076 185,782 7 12,579 58,665 3,209 5 11,240 10,730 35,931 5 2,644 10,839 401 4 73,115 68,806 221,713 6 15,224 69,504 3,610 5 74,826 72,211 217,972 4 18,035 72,944 1,882 3 74,826 72,211 217,972 4 18,035 72,944 1,882 3 1,600 1,600 4,800 0 400 1,600 0 0 1,600 1,600 4,800 0 400 1,600 0 0 0 0 0 0 (40,051) (244,617) 244,617 (100) 0 0 0 0 (40,051) (244,617) 244,617 (100) 11,416,683 11,294,439 37,501,895 1 2,609,987 2 11,164,471 252,211 56,901 26,666 80,000 113 6,658 23,456 33,445 143 56,901 26,666 80,000 113 6,658 23,456 33,445 143 54 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING APRIL 2019 2019 2019 2019 2019 YTD ANNUAL 2019 YTD 2018 2018 YTD 2018 v. 2019 Electric APRIL YTD BUDGET BUDGET Bud Var% APRIL YTD VARIANCE Actual Var% 470.4701 CUSTOMER DELINQUENT PENALT 15,489 75,828 83,461 250,000 (9) 22,468 51,365 24,463 48 Total For Customer Penalties: 15,489 75,828 83,461 250,000 (9) 22,468 51,365 24,463 48 LFG Project 470,4721 LFGPROJECT 92,015 364,980 385,797 1,157,393 (5) 103,344 374,225 (9,245) (2) Total For LFG Project: 92,015 364,980 385,797 1,157,393 _(5) 103,344 374,225 (9,245) (2) Connection Fees 470.4702 DISCONNECT & RECONNECT CHA 19,765 39,400 22,089 150,000 78 14,165 41,503 (2,103) (5) Total For Connection Fees: 19,765 39,400 22,089 150,000 78 14,165 41,503 (2,103) (5) Misc Revenue 470.4703 MISC ELEC REVENUE - TEMP CHG 0 0 0 0 0 300 900 (900) (100) 470.4704 STREET LIGHT 6,700 6,700 0 0 0 0 0 6,700 0 470.4715 TRANSMISSION INVESTMENTS 21,119 99,462 66,666 200,000 49 12,110 62,478 36,983 59 470.4722 MISC NON -UTILITY 5,447 19,616 16,666 50,000 18 7,798 22,496 (2,879) (13) 470.4739 PERA PENSION OTHER REVENUE 0 0 0 1,050 0 0 0 0 0 470.4750 RENTAL PROPERTY INCOME 2,020 9,420 8,333 25,000 13 2,060 8,240 1,180 14 470.4770 CONTRIBUTIONS FROM CUSTOME 0 0 25,000 75,000 (100) 17,037 309,542 (309,542) (100) Total For Misc Revenue: 35,287 135,199 116,666 351,050 16 39,305 403,657 (268,457) (67) Total Other Revenue 175,087 672,310 634,681 1,988,443 6 185,942 894,207 (221,896) (25) Total For Total Other Revenue: 175,087 672,310 634,681 1,988,443 6 185,942 894,207 (221,896) (25) Total Revenue 2,775,738 12,088,993 11,929,120 39,490,338 1 30,314 0 2,795,930 12,058,678 Expenses Purchased Power 540.5551 PURCHASED POWER 1,792,410 7,712,910 7,516,853 25,724,105 3 1,690,448 7,825,169 (112259) (1) Total For Purchased Power: 1,792,410 7,712,910 7,516,853 25,724,105 3 1,690,448 7,825,169 (112,259) (1) Operating & Mtce Expense 540.5461 OPERATING SUPERVISION 7,580 34,323 36,436 109,310 (6) 9,260 33,481 842 3 540.5471 DIESEL OIL FUEL 1,688 5,233 5,333 16,000 (2) 629 4,144 1,089 26 540.5472 NATURAL GAS 1,741 11,657 13,646 26,000 (15) 2,064 11,915 (257) (2) 540.5483 STATION PWR & WTR CONSP/PLA 2,419 13,067 14,391 33,000 (9) 3,444 13,999 (932) (7) 540.5484 OTHER EXP/PLANT SUPPLIES -ETC 197 1,745 1,200 3,600 46 771 1,494 251 17 5405491 MISC OTHER PWR GENERATION E 650 1,634 1,733 5,200 (6) 199 3,928 (2,293) (59) 5405521 MAINTENANCE OF STRUCTURE/P 2,481 15,120 10,000 30,000 51 2,008 7,859 7,261 92 5405531 MTCE OF ENGINES/GENERATORS- 534 10,015 12,500 37,500 (20) 64 4,931 5,083 103 55 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING APRIL 2019 2019 2019 2019 2019 YTD ANNUAL 2019 YTD 2018 2018 Electric APRIL YTD BUDGET BUDGET Bud Varo/o APRIL YTD 540.5541 MTCE OF PLANT/LAND IMPROVE 938 29,789 6,666 20,000 347 Total For Operating & Mice Expense: 18,232 122,588 101,907 280,610 20 Landfill Gas 550.5050 LFG PURCHASED GAS 14,756 55,888 57,521 172,565 (3) 550.5051 LANDFILL GAS O&M 45,833 183,333 183,333 550,000 0 550.5052 LFG ADMIN 155 1,201 3,200 38,800 (62) 550.5053 LFG INSURANCE 1,412 5,648 6,791 20,375 (17) 5505054 LFG MTCE 0 1,098 2,000 6,000 (45) Total For Landfill Gas: 62,157 247,171 252,846 787,740 (2) Transmission Expense 560.5620 TRANSMISSION MTCE AND ENPE 3,080 9,704 12,733 38,199 (24) Total For Transmission Expense: 3,080 9,704 12,733 38,199 (24) Distribution Expense 580.5801 REMOVE EXISTING SERV & METE 0 93 833 2,500 (89) 580.5821 SCADAEXPENSES 2,292 10,722 10,333 31,000 4 580.5831 TRANSFORMER EX/OVERHD & UN 832 3,589 8,333 25,000 (57) 580,5851 MTCE OF SIGNAL SYSTEMS 0 50 866 2,600 (94) 5805861 METER EXP - REMOVE & RESET 56 56 833 2,500 (93) 580.5871 TEMP SERVICE -INSTALL & REMO 87 312 833 2,500 (62) 580.5881 MISC DISTRIBUTION EXPENSE 33,300 128,488 108,333 325,000 19 580.5890 INTERCONNECTION CARRYING C 0 2,416 805 2,416 200 Total For Distribution Expense: 36,569 145,729 131,171 393,516 11 Maintenance Expense 590.5911 MTCE OF STRUCTURES 637 3,054 2,500 7,500 22 5905921 MTCE OF SUBSTATIONS 2,336 6,887 8,500 25,500 (19) 590.5922 MTCE OF SUBSTATION EQUIPME 676 1,412 11,666 35,000 (88) 590.5931 MTCE OF OVERHD LINES=E TR 18,061 73,591 94,400 125,000 (22) 5905932 MTCE OF OVERHD LINES/STANDB 2,679 9,195 10,333 31,000 (11) 590.5933 MTCE OF OVERHEAD 7,725 32,790 35,103 155,000 (7) 590.5941 MTCE OF UNDERGROUND/DISTRI 15,878 32,476 39.333 118.000 (17) 590.5943 LOCATE ELECTRIC LINES 11,028 21,643 19,160 100,000 13 590.5944 LOCATE FIBER LINES 29 29 0 0 0 590.5951 MTCE OF LINE TRANSFORMERS 9,039 21,727 17,000 51,000 28 590.5961 MTCE OF STREET LIGHTING (5,599) 12,130 13,666 41,000 (11) 590.5962 MTCE OF SECURITY LIGHTING 95 885 4,333 13,000 (80) 56 2,152 13,424 7594 95,179 13,783 53,719 43,350 173,402 309 1,580 1,299 5,236 0 1,099 58,743 235,038 868 4,719 868 4,719 78 1,500 (5,982) 85 486 0 41,252 0 37,420 0 2,308 0 37,659 2,898 11,044 6,415 3,291 0 9,447 4,819 598 496 6,150 704 706 141 607 95,608 0 104,415 1,309 5,957 0 171,413 9,925 32,493 19,946 8,841 0 25,499 18,377 3,056 YTD 2018 v. 2019 VARIANCE Actual Var% 16,364 122 27,409 29 2,169 4 9,930 6 (379) (24) 412 8 0 0 12,133 5 4,985 106 4,985 106 (403) (81) 4,572 74 2,885 410 (656) (93) (85) (61) (295) (49) 32,879 34 2,416 0 41,313 40 1,745 133 929 16 1,412 0 (97,821) (57) (730) (7) 297 1 12,529 63 12,802 145 29 0 (3,772) (15) (6,246) (34) (2,171) (71) ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING APRIL 2019 2019 2019 2019 2019 YTD ANNUAL 2019 YTD 2 Electric APRIL YTD BUDGET BUDGET Bud Var% 590.5971 MTCE OF METERS 4,743 21,958 50,000 150,000 (56) 590.5972 VOLTAGE COMPLAINTS 1,055 3,408 2,766 8,300 23 590.5981 SALARIES/TRANS & DISTRIBUTIO 2,829 12,920 17,930 53,792 (28) 590.5985 ELECTRIC MAPPING 4,845 33,454 41,666 125,000 (20) 590.5991 MTCE OF OVERHEAD SERVICE2N 1,506 4,184 3,897 18,000 7 590,5992 MTCE OF UNDERGROUND ELEC S 1,886 7,518 13,666 41,000 (45) 590.5993 LOCATE UNDERGROUND SECOND 0 0 0 0 0 590.5995 TRANSPORTATION EXPENSE 23,292 95,521 100,289 210,000 (5) Total For Maintenance Expense: 102,748 394,791 486,214 1,308,092 (19) Depreciation & Amortization 595.8031 DEPRECIATION 178,115 710,569 948,240 2,895,535 (25) 595.8032 AMORTIZATION 55,677 222,711 0 0 0 Total For Depreciation & Amortization: 233,792 933,281 948,240 2,895,535 (2) Interest Expense 596.8071 INTEREST ON BONDS/LONG TERM 57,993 235,367 235,367 687,947 0 596.8075 INTEREST ON DEFEASED BONDS (276) (1,105) (1,105) (3,316) 0 597.8281 AMORTIZATIONOFDEBTDISCOU (4,012) (16,050) (16,050) (48,152) 0 Total For Interest Expense: 53,704 218,211 218,211 636,479 0 Other Operating Expense 597.8165 EV CHARGING EXPENSE 380 1,570 1,616 4,848 (3) 597.8213 LOSS ON DISPOSITION OF PROP (C 0 0 0 0 0 597.8263 OTHER DONATIONS 261 261 1,250 5,000 (79) 597,8265 MUTUAL AID 11,991 11,991 0 0 0 597,8302 PENSION EXPENSE 0 0 0 100,000 0 597.8341 INTEREST PD ON METER DEPOSIT 1,810 7,908 5,000 15,000 58 597.8400 RENTAL PROPERTY EXPENSE 144 8,118 2,000 6,000 306 Total For Other Operating Expense: 14,587 29,850 9,866 130,848 203 Customer Accounts Expense 900.9021 METER READING EXPENSE 2,938 8,712 10,000 30,000 (13) 900,9030 COLLECTING EXPDISC/RECONNE 1,517 3,710 3,468 15,000 7 900.9051 MISC CUSTOMER ACCTS EXP-CO 21,431 88,105 86,333 259,000 2 900.9061 CUST BLGS NOT PD/SENT FOR CO 2,801 5,528 15,000 45,000 (63) ~� Total For Customer Accounts Expense: 28,688 106,056 114,802 349,000 (8) Administrative Expense 920.9201 SALARIES/OFFICE & COMMISSION 58,246 228,052 258,710 776,132 (12) 57 018 APRIL 15,711 1,118 3,194 8,181 1,007 1,032 2,339 17,430 128,497 177,755 0 177,755 27,472 (276) 256 0 0 0 0 1,150 144 1,551 1,346 1,346 20,336 128 23,156 47,526 2018 YTD 64,052 2,673 12,392 46,735 3,426 4,837 6,445 106,522 YTD 2018 v. 2019 VARIANCE Actual Var% (42,094) (66) 735 28 527 4 (13,281) (28) 757 22 2,681 55 (6,445) (100) (11,000) (10) 543,905 (149,114) (27) 710,940 (370) 0 0 222,711 0 710,940 2222341 31 110,522 124,844 113 (1,105) 0 0 (15,825) (224) 1 93,591 124,620 133 1,023 546 53 20,962 (20,962) (100) 0 261 0 0 11,991 0 0 0 0 4,564 3,343 73 4,748 3,369 71 31,299 (1,449) 5 6,077 2,634 43 3,166 543 17 82,140 5,964 7 3,441 2,087 61 94,827 11,229 12 194,233 33,819 17 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING APRIL 2019 2019 2019 2019 2019 YTD ANNUAL 2019 YTD 2018 2018 YTD 2018 v. 2019 Electric APRIL YTD BUDGET BUDGET Bud Var% APRIL YTD VARIANCE Actual Varo/ 920.9205 TEMPORARY STAFFING 0 0 1,333 4,000 (100) 4,144 13,596 (13,596) (100) 920.9211 OFFICE SUPPLIES & EXPENSE 12,226 30,491 39,666 119,000 (23) 6,296 28,696 1,795 6 920.9212 LT & WATER CONSUMPTION/OFF1 2,406 8,998 10,598 35,000 (15) 2,139 8,379 619 7 920.9213 BANK CHARGES 219 828 1,000 3,000 (17) 209 915 (86) (9) 920.9221 LEGAL FEES 2,939 9,880 10,000 30,000 (1) 2,991 12,180 (2,299) (19) 920.9231 AUDITING FEES 1,340 5,360 5,360 16,080 0 1,300 5,200 160 3 920.9241 INSURANCE 12,068 48,238 52,966 158,900 (9) 11,627 46,471 1,767 4 920,9260 UTILITY SHARE DEF COMP 10,016 45,095 40,000 120,000 13 6,190 24,540 20,555 84 920.9261 UTIL SH OF MEDICAL/DENTAL/DI 54,468 271,309 283,000 735,000 (4) 51,941 251,938 19,370 8 920.9262 UTILITY SHARE OF PERA 24,552 82,599 81,666 245,000 1 21,211 75,280 7,319 10 920,9263 UTILITY SHARE OF FICA 23,356 77,738 78,333 235,000 (1) 20,164 70,985 6,753 10 920.9264 EMPLOYEESICKPAY 8,836 48,200 38,333 115,000 26 7,215 41,494 6,706 16 920.9265 EMPLOYEE HOLIDAY PAY 0 35,312 33,670 128,000 5 0 32,489 2,823 9 920.9266 EMPLOYEE VACATION & PTO PA 14,667 83,077 68,333 205,000 22 12,699 61,470 21,607 35 920.9267 UPMIC DISTRIBUTION 934 15,110 14,750 59,000 2 0 12,952 2,157 17 920.9291 CONSULTING FEES 1,512 10,228 10,000 30,000 2 0 880 9,348 1,062 920.9301 TELEPHONE 1,816 7,279 7,056 21,168 3 1,557 7,016 263 4 920.9302 ADVERTISING 844 5,038 11,688 18,000 (57) 1,252 5,834 (796) (14) 920.9303 DUES & SUBSCRIPTIONS - FEES 7,354 30,070 53,333 160,000 (44) 6,971 35,231 (5,160) (15) 920.9304 TRAVEL EXPENSE 0 0 0 0 0 0 5,235 (5,235) (100) 920.9305 SCHOOLS & MEETINGS 18,373 59,916 85,216 225,126 (30) 19,403 54,493 5,423 10 920.9321 MTCE OF GEN PLANT/OFF HEATIN 453 1,812 2,000 6,000 (9) 430 1,720 92 5 Total For Administrative Expense: 256,634 1,104,641 1,187,017 3,444,406 (7) 225,272 991,234 113,407 11 General Expense 920.9269 CIP REBATES - RESIDENTIAL 1,025 8,738 22,183 66,550 (61) (1,600) 805 7,933 985 920.9270 CIP REBATES - COMMERCIAL 7,789 18,502 58,733 176,200 (68) 0 0 18,502 0 920.9271 CEP - ADMINISTRATION 45 303 42,088 126,265 (99) 107 299 3 1 920,9272 CEP - MARKETING 2,651 6,219 11,200 33,600 (44) 843 3,808 2,411 63 920.9273 CIP - LABOR 16,817 55,215 35,678 107,034 55 10,954 44,021 11,193 25 920,9274 CIP REBATES - LOW INCOME 0 1,798 500 1,500 260 (445) 0 1,798 0 920.9275 CIP - LOW INCOME LABOR 925 3,080 0 0 0 2,299 7,148 (4,068) (57) 920.9281 ENVIRONMENTAL COMPLIANCE 2,353 9,253 9,159 27,000 1 2,318 8,387 866 10 920.9306 MISC GENERAL EXPENSE 0 (175) 1,666 5,000 (111) 0 2,125 (2,301) (108) Total For General Expense: 31,608 102,936 181,208 543,149 (43) 14,477 66,596 36,340 55 Total Expenses(before Operating Transfers) 58 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING APRIL 2019 2019 2019 2019 2019 YTD ANNUAL 2019 YTD 2018 2018 YTD 2018 v. 2019 Electric APRIL YTD BUDGET BUDGET Bud Var% APRIL YTD VARIANCE Actual Var% 2,634,215 11,127,873 11,161,073 36,531,680 0 2,402,027 10,796,917 330,956 3 Operating Transfer Operating Transfer/Other Funds 597.8262 TRANSFER TO CITY 4% ER REVEN 82,390 358,028 345,303 1,150,000 4 83,714 356,912 1,115 0 Total For Operating Transfer/Other Funds: 82,390 358,028 345,303 1,150,000 4 83,714 356,912 1,115 0 Utilities & Labor Donated 597.8261 UTILITIES & LABOR DONATED 16,670 68,891 70,960 215,000 (3) 18,003 71,927 (3,036) (4) Total For Utilities & Labor Donated: 16,670 68,891 70,960 215,000 (3) 18,003 71,927 (3,036) (4) Total Operating Transfer Total For Total Operating Transfer: 99,060 426,920 416,263 1,365,000 3 101,718 428,840 (1,920) 0 Net Income Profit(Loss) 42,462 534,199 351,783 1,593,658 52 292,183 832,920 (298,720) 36 59 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING APRIL 2019 2019 2019 2019 2019 YTD ANNUAL 2019 YTD 2018 Water APRIL YTD BUDGET BUDGET Bud Var% APRIL Revenue Operating Revenue Water Sales 610.6101 WATER SALES RESIDENTIAL 610,6102 WATER SALES COMMERCIAL 610.6103 WATER SALES IRRIGATION Total For Water Sales: Total Operating Revenue Total For Total Operating Revenue: Other Operating Revenue Interest/Dividend Income 460.4691 INTEREST & DIVIDEND INCOME 460.4692 OTHER INT/MISC REVENGE Total For Interest/Dividend Income: Customer Penalties 620.6301 CUSTOMER PENALTIES Total For Customer Penalties: Connection Fees 620.6401 WATER/ACCESS/CONNECTION FE 620.6402 CUSTOMER CONNECTION FEES 620.6407 BULK WATER SALES/HYDRANT R Total For Connection Fees: Misc Revenue 470.4722 MISC NON -UTILITY 470.4739 PERA PENSION OTHER REVENUE 470.4750 RENTAL PROPERTY INCOME 620.6260 TRANSFER IN FROM CITY 620.6403 MISCELLANEOUS REVENUE 620.6404 HYDRANT MAINTENANCE PROGR 620.6406 WATER TOWER LEASE Total For Misc Revenue: Total Other Revenue Total For Total Other Revenue: 2018 YTD 2018 v. 2019 YTD VARIANCE Actual Var% 73,804 304,418 266,794 1,222,640 14 117,309 483,341 (178,922) (37) 45,994 191,517 171,142 783,135 12 0 0 191,517 0 1,437 5,726 4,480 234,313 28 0 0 5,726 0 121,237 501,662 442,417 2,240,089 13 117,309 483,341 18,321 4 121,237 501,662 442,417 2,240,089 13 117,309 483,341 18,321 4 121,237 501,662 442,417 2,240,089 13 117,309 483,341 18,321 4 3,100 14,235 6,666 20,000 114 1,664 5,864 8,371 143 0 0 283 850 (100) 0 0 0 0 3,100 14,235 6,950 20,850 105 1,664 5,864 8,371 143 766 4,931 5,952 18,000 (17) 2,353 4,055 875 22 766 4,931 5,952 18,000 (17) 2,353 4,055 875 22 10,188 88,060 66,666 200,000 32 55,062 97,581 (9,521) (10) 972 5,554 6,666 20,000 (17) 2,294 5,960 (406) (7) 0 2,742 1,333 4,000 106 106 494 2,248 455 11,160 96,356 74,666 224,000 29 57,462 104,035 (7,679) (7) 0 0 100 300 (100) 200 200 (200) (100) 0 0 0 202 0 0 0 0 0 505 2,355 2,000 6,000 18 515 2,060 295 14 0 0 0 25,000 0 0 0 0 0 0 396 0 0 0 0 0 396 0 980 4,150 2,333 7,000 78 980 3,914 236 6 18,608 74,432 74,432 227,050 0 17,892 71,570 2,862 4 20,093 81,336 78,866 265,552 3 19,587 77,744 3,591 5 35,120 196,858 166,435 528,402 18 81,067 191,700 5,158 3 35,120 196,858 166,435 528,402 18 81,067 191,700 5,158 3 60 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING APRIL 2019 2019 2019 2019 2019 YTD ANNUAL 2019 YTD 2018 2018 YTD 2018 v. 2019 Water APRIL YTD BUDGET BUDGET Bud Var% APRIL YTD VARIANCE Actual Var% Total Revenue 156,358 698,521 608,853 2,768,491 15 198,377 675,041 23,479 3 Expenses Production Expense 700.7021 MTCE OF STRUCTURES 3,489 22,284 17,166 51,500 30 2,218 16,219 6,065 37 Total For Production Expense: 3,489 22,284 17,166 51,500 30 2,218 16,219 6,065 37 Pumping Expense 710,7101 SUPERVISION 4,588 16,771 21,154 63,464 (21) 4,356 18,348 (1,577) (9) 710.7181 ELECTRIC & GAS UTILITIES 17,707 69,983 63,554 220,000 10 19,647 65,574 4,409 7 710.7182 SAMPLING 822 3,432 6,000 18,000 (43) 1,073 5,672 (2,239) (39) 710.7183 CHEMICAL FEED 1,823 2,633 9,000 27,000 (71) 1,970 5,022 (2,389) (48) 710.7201 MTCE OF ELECTRIC PUMPING EQ 0 0 0 0 0 89 89 (89) (100) 710.7220 MTCE OF WELLS 12,153 56,077 66,666 200,000 (16) 14,208 56,164 (86) 0 710.7230 SCADA-PUMPING 183 1,983 4,000 12,000 (50) 3,153 3,906 (1,922) (49) Total For Pumping Expense: 37,280 150,882 170,375 54Q464 (11) 44,500 154,778 (3,895) (3) Distribution Expense 730.7301 MTCE OF WATER MAINS 5,525 21,554 30,000 90,000 (28) 1,044 9,504 12,049 127 730.7309 LOCATE WATER LINES 1,098 1,916 5,166 1 S sw (63) 751 2,676 (759) (28) 730.7310 LOCATEWATERMAIN 0 0 0 0 0 16 66 (66) (100) 730.7312 -WATER METER SERVICE 2,029 13,194 14,000 42.000 (6) 2,740 9,019 4,174 46 730.7321 MTCE OF CUSTOMERS SERVICE 1,965 7,663 8,333 25.000 (8) 1,673 6,500 1,163 18 730.7325 WATER MAPPING 1,491 4,474 5,333 16.000 (16) 550 4,778 (303) (6) 730.7331 MTCE OF WATER HYDRANTS - PU 478 1,533 9,000 27,000 (83) 26 684 848 124 730.7332 MTCE OF WATER HYDRANTS - PR 416 598 4,000 12,000 (85) 0 0 598 0 730.7341 WATER CLOTHINGIPPE 1,153 3,382 2,333 - "o 45 267 576 2,805 486 730.7391 WAGES/WATER 454 2,085 2,554 7.663 (18) 530 1,926 159 8 730.7395 TRANSPORTATION EXPENSE 638 2,658 5,387 15,000 (5I) 1,995 5,500 (2,842) (52) 730.7399 GENERAL EXP/WATER PERMIT 345 12,493 15,000 15.000 { I TI 0 12,984 (491) (4) Total For Distribution Expense: 15,596 71,554 101,108 272,163 } 9) 9,597 54,218 17,336 32 Depreciation & Amortization 595.8031 DEPRECIATION 96,492 385,329 383,794 1,175,214 0 101,25E 404,363 119,034) (i) Total For Depreciation & Amortization: 96,492 385,329 383,794 1,175,214 0 101,251 404,363 (19,034) (5) Interest Expense 596.8071 INTEREST ON BONDS/LONG TERM 2,751 11,753 11,753 33,768 0 3,498 14,706 (2,952) (20) 596.8075 INTEREST ON DEFEASED BONDS (69) (276) (276) (829) 0 (69) (276) 0 0 A ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING APRIL 2019 2019 2019 2019 2019 YTD ANNUAL 2019 YTD 2018 2018 YTD 2018 v. 2019 Water APRIL YTD BUDGET BUDGET BudVar% APRIL YTD VARIANCE ActualVar% Total For Interest Expense: 2,682 11,477 11,477 32,939 0 3,429 14,430 (2,952) (20) Other Operating Expense 597.8264 DAM MAINTENANCE EXPENSE 0 130 166 500 (22) 0 0 130 0 597.8302 PENSION EXPENSE 0 0 0 5,000 0 0 0 0 0 597.8341 INTEREST PD ON METER DEPOSIT 60 244 166 500 46 36 145 98 68 597.8400 RENTAL PROPERTY EXPENSE 36 2,029 500 1,500 306 36 1,187 842 71 Total For Other Operating Expense: 96 2,404 833 7,500 189 72 1,332 1,072 81 Customer Accounts Expense 900.9021 METER READING EXPENSE 118 521 3,333 10,000 (84) 501 2,008 (1,486) (74) 900.9051 MISC CUSTOMER ACCTS EXP-CO 4,878 19,714 20,166 60,500 (2) 4,727 19,194 520 3 900.9061 CUST BLGS NOT PD/SENT FOR CO 40 40 333 1,000 (88) 0 57 (17) (29) Total For Customer Accounts Expense: 5,037 20,277 23,833 71,500 (15) 5,229 21,260 (982) (5) Administrative Expense 920.9201 SALARIES/OFFICE & COMMISSION 16,490 64,331 66,355 199,067 (3) 11,645 47,999 16,331 34 920.9205 TEMPORARY STAFFING 0 0 333 1,000 (100) 1,036 3,399 (3,399) (100) 920.9211 OFFICE SUPPLIES & EXPENSE 2,463 5,992 11,333 34,000 (47) 1,174 6,577 (584) (9) 920.9212 LT & WATER CONSUiv1PTION/OFFI 601 2,250 2,448 8,000 (8) 534 2,093 156 7 920.9213 BANK CHARGES 47 184 333 1,000 (44) 52 233 (49) (21) 920,9221 LEGAL FEES 509 1,841 2,333 7,000 (21) 725 3,384 (1,543) (46) 920.9231 AUDITING FEES 335 1,340 1,340 4,020 0 325 1,300 40 3 920.9241 INSURANCE 2,145 8,580 10,000 30,000 (14) 2,044 8,007 572 7 920.9260 UTILITY SHARE DEF COMP 1,389 6,721 6,333 19,000 6 1,626 6,169 552 9 920.9261 UTIL SH OF MEDICALMENTAL/DI 13,152 66,800 60,000 152,000 11 10,822 55,051 11,749 21 920.9262 UTILITY SHARE OF PERA 3,762 14,116 15,000 45,000 (6) 3,915 14,277 (160) (1) 920.9263 UTILITY SHARE OF FICA 3,839 13,122 I5,000 45,000 (13) 3,694 13,308 (185) (1) 920.9264 EMPLOYEE SICK PAY 1,829 10,764 12,333 37,000 (13) 1,599 8,750 2,014 23 920.9265 EMPLOYEE HOLIDAY PAY 0 6,458 7,132 25,850 (9) 0 6,087 371 6 920.9266 EMPLOYEE VACATION & PTO PA 1,934 13,648 12,000 36,000 14 2,095 10,333 3,314 32 920.9267 UPMIC DISTRIBUTION (1,238) 1,063 3,000 12,000 (65) 0 2,477 (1,413) (57) 920.9268 MISCELLANEOUS - WELLHEAD P 0 0 333 1,000 (100) 0 0 0 0 920.9291 CONSULTING FEES 238 2,417 1,666 5,000 45 0 220 2,197 999 920.9300 BOND ISSUANCE COSTS 140 140 0 0 0 0 0 140 0 920.9301 TELEPHONE 446 1,789 1,766 5,300 1 397 1,707 81 5 920.9302 ADVERTISING 130 1,282 2,921 8,000 (56) 313 1,422 (140) (10) 920.9303 DUES & SUBSCRIPTIONS - FEES 717 11,653 11,250 42,000 4 493 11,527 126 1 62 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING APRIL 2019 2019 2019 2019 2019 YTD ANNUAL 2019 YTD 2018 Water APRIL YTD BUDGET BUDGET Bud Var%o APRIL 920.9304 TRAVEL EXPENSE 0 0 0 0 0 0 920.9305 SCHOOLS & MEETINGS 1,981 6,843 11,777 29,594 (42) 1,623 920.9321 MTCE OF GEN PLANT/OFF HEATIN 113 452 833 2,500 (46) 107 Total For Administrative Expense: 51,029 241,796 255,825 749,331 (5) 44,226 General Expense 920.9269 CIP REBATES - RESIDENTIAL 60 445 1,500 4,500 (70) 275 920.9270 CIP REBATES - COMMERCIAL 0 0 166 500 (100) 0 920.9271 CIP-ADMINISTRATION 0 0 338 1,014 (100) 0 920.9272 CIP - MARKETING 0 0 250 -750 (100) 0 920.9273 CIP - LABOR 380 1,466 1,669 5,009 (12) 369 920.9281 ENVIRONMENTAL COMPLIANCE 320 627 200 606 214 41 920.9306 MISC GENERAL EXPENSE 0 1,121 0 0 0 0 Total For General Expense: 760 3,660 4,124 12,373 (11) 685 Total Expenses(before Operating Transfers) 212,466 909,666 968,538 2.91Z935 161 2i 1.7.04 2018 YTD 746 6,491 428 211,996 590 0 0 0 1,388 180 539 2,698 881_'97 YTD 2018 v. 2019 VARIANCE Actual Var% (746) (100) 352 5 24 6 29 800 14 (145) 0 0 0 77 447 582 961 28,369 (25) 0 0 0 6 247 108 36 3 Operating Transfer Net Income Profit(Loss) (56,108) (211,144) (359,685) (144,494) 41 (12,832) (206,255) (4,889) (2) 63