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5.1e ERMUSR 08-09-2022ELK 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 BUDGETWater Revenue Operating Revenue Water Sales 288,571 963,665 895,147 308,664 1,016,0688 (5)2,444,916 (52,402) Total Operating Revenue 288,571 963,665 895,147 308,664 1,016,0688 (5)2,444,916 (52,402) Other Operating Revenue Interest/Dividend Income (3,391)(30,388)18,000 3,187 12,240(269)(348)36,000 (42,629) Customer Penalties 1,019 5,009 8,180 0 0(39)018,000 5,009 Connection Fees 145,246 806,625 240,000 55,650 308,587236 161480,000 498,037 Misc Revenue 25,202 147,869 180,340 24,036 142,609(18)4364,153 5,260 Total Other Revenue 168,078 929,116 446,520 82,874 463,437108 100898,153 465,678 Total Revenue 456,649 1,892,781 1,341,668 391,538 1,479,50541 283,343,069 413,276 Expenses Production Expense 5,882 45,761 37,500 6,611 134,69022 (66)75,000 (88,929) Pumping Expense 39,079 277,621 281,499 55,108 259,864(1)7563,000 17,756 Distribution Expense 29,254 146,933 169,950 34,228 135,906(14)8323,100 11,026 Depreciation & Amortization 91,788 553,746 566,070 95,319 576,354(2)(4)1,199,123 (22,608) Interest Expense 3,279 20,879 20,879 821 6,9200 20239,720 13,958 Other Operating Expense 152 1,645 924 (44,523)(45,179)78 1041,850 46,825 Customer Accounts Expense 6,275 37,778 37,099 6,010 35,2572 774,200 2,520 Administrative Expense 75,840 471,517 493,090 95,929 469,077(4)1945,251 2,439 General Expense 655 4,616 6,325 1,352 5,522(27)(16)12,650 (905) Total Expenses(before Operating Transfers)252,206 1,560,499 1,613,339 250,858 1,578,415(3)(1)3,233,895 (17,915) Operating Transfer Utilities & Labor Donated 0 0 750 0 95(100)(100)1,500 (95) Total Operating Transfer 0 0 750 0 95(100)(100)1,500 (95) Net Income Profit(Loss)204,443 332,282 (272,420)140,680 (99,005)222 436107,673 431,287 60