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5.1d ERMUSR 08-09-2022
ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JUNE 2022 2022 JUNE 2021 JUNE 2022 YTD 2021 YTD 2022 YTD BUDGET 2022 YTD Bud Var% 2021 v. 2022 Actual Var% YTD VARIANCE 2022 ANNUAL BUDGETElectric Revenue Operating Revenue Elk River 3,382,371 16,688,115 16,553,413 2,979,776 15,918,5451 536,386,442 769,570 Otsego 298,243 1,446,110 1,270,488 223,315 1,299,08414 112,915,332 147,026 Rural Big Lake 16,160 92,298 94,994 12,841 86,871(3)6210,427 5,427 Dayton 19,747 112,879 111,535 15,404 104,5041 8250,448 8,374 Public St & Hwy Lighting 21,496 128,764 124,999 20,927 125,5903 3250,000 3,173 Other Electric Sales 308,769 1,232,612 2,400 400 2,40051,259 51,2594,800 1,230,212 Total Operating Revenue 4,046,789 19,700,780 18,157,832 3,252,666 17,536,9968 1240,017,450 2,163,784 Other Operating Revenue Interest/Dividend Income (16,178)(138,279)40,000 7,086 35,479(446)(490)80,000 (173,758) Customer Penalties 30,877 115,789 106,818 0 08 0235,000 115,789 LFG Project 99,232 484,224 501,600 87,481 507,767(3)(5)836,000 (23,543) Connection Fees 21,000 87,220 104,000 9,250 120,200(16)(27)220,000 (32,980) Misc Revenue 106,066 521,178 443,500 117,584 496,09018 5887,000 25,087 Total Other Revenue 240,998 1,070,132 1,195,918 221,402 1,159,536(11)(8)2,258,000 (89,404) Total Revenue 4,287,787 20,770,912 19,353,750 3,474,068 18,696,5337 1142,275,450 2,074,379 Expenses Purchased Power 3,429,170 14,871,102 12,431,181 2,908,386 12,683,50820 1727,017,920 2,187,594 Operating & Mtce Expense 15,101 122,091 150,024 27,509 137,674(19)(11)291,500 (15,583) Landfill Gas 58,280 340,522 367,878 60,088 360,956(7)(6)613,131 (20,434) Transmission Expense 5,645 33,230 33,349 6,406 29,5180 1366,700 3,712 Distribution Expense 23,732 196,769 173,457 19,809 185,58213 6346,916 11,186 Maintenance Expense 137,691 765,906 798,049 83,166 648,367(4)181,467,100 117,538 Depreciation & Amortization 248,803 1,497,281 1,496,947 246,671 1,473,1530 23,104,833 24,128 Interest Expense 70,862 428,324 428,776 74,785 315,7350 36845,509 112,589 Other Operating Expense 3,487 17,441 10,870 (204,796)(160,576)60 11166,740 178,017 Customer Accounts Expense 30,732 180,105 175,100 28,623 163,2143 10350,200 16,891 Administrative Expense 302,445 1,886,721 1,940,213 261,511 1,875,136(3)13,784,278 11,585 General Expense 77,567 201,011 292,124 25,707 157,655(31)28587,670 43,355 Total Expenses(before Operating Transfers)4,403,522 20,540,508 18,297,974 3,537,870 17,869,92612 1538,542,498 2,670,582 Operating Transfer Operating Transfer/Other Funds 135,995 700,021 662,136 119,859 640,7576 91,455,457 59,264 Utilities & Labor Donated 7,876 112,704 115,000 19,070 111,044(2)1230,000 1,659 Total Operating Transfer 143,871 812,725 777,136 138,929 751,8015 81,685,457 60,924 Net Income Profit(Loss)(259,606)(582,321)278,639 (202,730)74,805(309)(878)2,047,494 (657,127) 59