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5.1d ERMUSR 02-14-2023ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING DECEMBER 2022 2022 2022 2022 2022 YTD ANNUAL 2022 YTD 2021 2021 YTD 2021 v. 2022 Electric DECEMBER YTD BUDGET BUDGET Bud Var% DECEMBER YTD VARIANCE Actual Var% Revenue Operating Revenue Elk River 3,171,609 37,373,184 36,386,442 36,386,442 3 2,849,687 34,991,559 2,381,625 7 Otsego 302,634 3,351,688 2,915,332 2,915,332 15 248,766 2,977,624 374,064 13 Rural Big Lake 19,105 203,558 210,427 210,427 (3) 16,423 192,641 10,916 6 Dayton 22,386 249,416 250,448 250,448 0 19,481 234,686 14,729 6 Public St & Hwy Lighting 21,728 258,671 250,000 250,000 3 21,214 252,069 6,601 3 Other Electric Sales (225,319) 900,468 4,800 4,800 18,660 211,797 778,346 122,122 16 Total Operating Revenue 3,312,145 42,336,987 40,017,450 40,017,450 6 3,367,370 39,426,927 2,910,059 7 Other Operating Revenue Interest/Dividend Income 33,153 (159,502) 80,000 80,000 (299) (69) 52,514 (212,016) (404) Customer Penalties 17,992 284,452 235,000 235,000 21 0 0 284,452 0 LFG Project 0 935,004 836,000 836,000 12 77,209 1,019,096 (84,092) (8) Connection Fees 38,575 243,087 220,000 220,000 10 28,525 263,330 (20,242) (8) Misc Revenue 114,293 1,290,712 887,000 887,000 46 78,154 1,072,671 218,040 20 Total Other Revenue 204,013 2,593,754 2,258,000 2,258,000 15 183,818 2,407,612 186,141 8 Total Revenue 3,516,159 44,930,741 42,275,450 42,275,450 6 3,551,189 41,834,539 3,096,201 7 Expenses Purchased Power 2,325,351 31,544,604 27,017,920 27,017,920 17 2,338,094 28,169,145 3,375,458 12 Operating & Mtce Expense 36,053 273,670 291,500 291,500 (6) 27,230 259,909 13,761 5 Landfill Gas (30,641) 527,893 613,131 613,131 (14) 84,065 742,722 (214,828) (29) Transmission Expense 5,148 63,952 66,700 66,700 (4) 6,110 67,470 (3,518) (5) Distribution Expense 38,389 386,598 346,916 346,916 11 20,776 310,235 76,363 25 Maintenance Expense 150,218 1,511,286 1,467,100 1,467,100 3 79,716 1,192,521 318,765 27 Depreciation & Amortization 264,926 3,032,667 3,104,833 3,104,833 (2) 247,323 2,957,685 74,982 3 Interest Expense 69,424 846,308 845,509 845,509 0 74,014 756,909 89,399 12 Other Operating Expense 41,485 94,365 66,740 66,740 41 (281,973) (434,484) 528,849 122 Customer Accounts Expense 30,976 391,634 350,200 350,200 12 27,331 337,759 53,874 16 Administrative Expense 310,838 3,689,229 3,784,278 3,784,278 (3) 316,011 3,526,417 162,812 5 General Expense 24,644 405,758 587,670 587,670 (31) 58,012 396,426 9,332 2 Total Expenses(before Operating Transfers) 3,266,815 42,767,971 38,542,498 38,542,498 11 2,996,712 38,282,718 4,485,252 12 Operating Transfer Operating Transfer/Other Funds 127,567 1,531,632 1,455,457 1,455,457 5 114,684 1,407,734 123,898 9 Utilities & Labor Donated 19,563 231,860 230,000 230,000 1 19,268 224,814 7,046 3 Total Operating Transfer 147,130 1,763,493 1,685,457 1,685,457 5 133,952 1,632,548 130,945 8 Net Income Profit(Loss) 102,213 399,276 2,047,494 2,047,494 (80) 420,524 1,919,272 (1,519,995) (79)