5.1 ERMUSR 04-11-2023��i
Elk River
Municipal Utilities UTILITIES COMMISSION MEETING
TO:
FROM:
ERMU Commission
Melissa Karpinski — Finance Manager
MEETING DATE:
AGENDA ITEM NUMBER:
April 11, 2023
5.1
SUBJECT:
Financial Report — February 2023
ACTION REQUESTED:
Receive the February 2023 Financial Report
DISCUSSION:
Please note that these are the preliminary unaudited financial statements.
Electric
February year to date (YTD) electric kWh sales are up 2% from the prior year. For further
breakdown:
• Residential usage is up 7%
• Small Commercial usage is up 15%
• Large Commercial usage is down 4%
For February 2023, the Electric Department overall is ahead of prior YTD and favorable to
budget YTD. Additional variance analysis can be found on the Summary Electric Statement of
Revenues, Expenses and Changes in Net Position attachment.
Water
February YTD gallons of water sold are up 14% from the prior year. For further breakdown:
• Residential use is up 12%
• Commercial use is up 16%
For February 2023, the Water Department overall is behind prior YTD but favorable to budget
YTD. Additional variance analysis can be found on the Summary Water Statement of Revenues,
Expenses and Changes in Net Position attachment.
ATTACHMENTS:
• Balance Sheet 02.2023
• Electric Balance Sheet 02.2023
• Water Balance Sheet 02.2023
• Summary Electric Statement of Revenues, Expenses and Changes in Net Position
02.2023
Page 1 of 2
158
• Summary Water Statement of Revenues, Expenses and Changes in Net Position 02.2023
• Graphs Prior Year and YTD 2023
• Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 02.2023
• Detailed Water Statement of Revenues, Expenses and Changes in Net Position 02.2023
Page 2 of 2
159