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5.1d ERMUSR 01-10-2023ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING NOVEMBER 2022 2022 2022 2022 2022 YTD ANNUAL 2022 YTD 2021 2021 YTD 2021 v. 2022 Electric NOVEMBER YTD BUDGET BUDGET Bud Var% NOVEMBER YTD VARIANCE Actual Var% Revenue Operating Revenue Elk River 2,874,294 34,201,574 33,422,859 36,386,442 2 2,537,806 32,141,871 2,059,703 6 Otsego 227,538 3,049,053 2,672,054 2,915,332 14 198,806 2,728,857 320,196 12 Rural Big Lake 13,595 184,453 192,456 210,427 (4) 11,605 176,218 8,235 5 Dayton 16,171 227,029 229,660 250,448 (1) 14,182 215,204 11,824 5 Public St & Hwy Lighting 21,686 236,942 229,166 250,000 3 21,136 230,854 6,087 3 Other Electric Sales (186,140) 1,125,787 4,400 4,800 25,486 562,549 566,549 559,238 99 Total Operating Revenue 2,967,145 39,024,841 36,750,596 40,017,450 6 3,346,086 36,059,556 2,965,284 8 Other Operating Revenue Interest/Dividend Income 4,054 (192,655) 73,333 80,000 (363) (1,879) 52,583 (245,239) (466) Customer Penalties 28,684 266,460 213,636 235,000 25 0 0 266,460 0 LFG Project 85,151 935,004 836,000 836,000 12 84,632 941,887 (6,883) (1) Connection Fees 26,050 204,512 200,000 220,000 2 15,830 234,805 (30,292) (13) Misc Revenue 110,420 1,176,418 809,750 887,000 45 64,219 994,517 181,901 18 Total Other Revenue 254,360 2,389,740 2,132,719 2,258,000 12 162,803 2,223,793 165,946 7 Total Revenue 3,221,506 41,414,581 38,883,316 42,275,450 7 3,508,889 38,283,350 3,131,231 8 Expenses Purchased Power 2,131,934 29,219,252 25,229,145 27,017,920 16 2,217,566 25,831,051 3,388,201 13 Operating & Mtce Expense 37,146 237,616 261,966 291,500 (9) 30,439 232,678 4,938 2 Landfill Gas 4,758 558,534 613,131 613,131 (9) 58,169 658,656 (100,121) (15) Transmission Expense 4,773 58,804 61,141 66,700 (4) 8,339 61,360 (2,556) (4) Distribution Expense 47,249 348,208 318,006 346,916 9 19,750 289,458 58,750 20 Maintenance Expense 122,756 1,361,068 1,338,591 1,467,100 2 80,752 1,112,805 248,263 22 Depreciation & Amortization 232,988 2,767,741 2,816,223 3,104,833 (2) 247,521 2,710,362 57,378 2 Interest Expense 69,424 776,884 776,959 845,509 0 74,014 682,895 93,989 14 Other Operating Expense 1,053 52,879 19,928 66,740 165 1,135 (152,510) 205,390 135 Customer Accounts Expense 33,863 360,658 321,016 350,200 12 28,284 310,428 50,230 16 Administrative Expense 324,092 3,378,391 3,452,363 3,784,278 (2) 280,316 3,210,406 167,985 5 General Expense 25,934 381,114 538,201 587,670 (29) 28,231 338,414 42,700 13 Total Expenses(before Operating Transfers) 3,035,974 39,501,155 35,746,675 38,542,498 11 3,074,521 35,286,006 4,215,149 12 Operating Transfer Operating Transfer/Other Funds 115,673 1,404,065 1,336,914 1,455,457 5 102,192 1,293,050 111,015 9 Utilities & Labor Donated 21,041 212,297 210,833 230,000 1 19,463 205,546 6,751 3 Total Operating Transfer 136,715 1,616,362 1,547,747 1,685,457 4 121,656 1,498,596 117,766 8 Net Income Profit(Loss) 48,816 297,063 1,588,893 2,047,494 (81) 312,712 1,498,748 (1,201,684) (80) a