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5.1d ERMUSR 04-11-2023Electric Revenue Operating Revenue Elk River Otsego Rural Big Lake Dayton Public St & Hwy Lighting Other Electric Sales Total Operating Revenue Other Operating Revenue Interest/Dividend Income Customer Penalties LFG Project Connection Fees Misc Revenue Total Other Revenue Total Revenue Expenses Purchased Power Operating & Mtce Expense Landfill Gas Transmission Expense Distribution Expense Maintenance Expense Depreciation & Amortization Interest Expense Other Operating Expense Customer Accounts Expense Administrative Expense General Expense Total Expenses(before Operating Transfers) Operating Transfer Operating Transfer/Other Funds Utilities & Labor Donated Total Operating Transfer Net Income Profit(Loss) ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING FEBRUARY 2023 2023 2023 2023 YTD 2023 YTD 2023 2022 2022 YTD 2022 v. 2023 Variance FEBRUARY YTD YTD Budget Bud Var% ANNUAL FEBRUARY YTD VARIANCE Actual Var% Item BUDGET Variance BUDGET 3,209,179 6,014,747 6,026,969 (12,223) (0) 42,041,326 2,679,492 5,285,103 729,644 14 318,858 569,192 468,356 3,385,657 233,954 456,776 W 112,417 -(1) 21,145 38,195 37,468 727 2 238,658 16,163 31,596 6,599 21 25,262 44,972 44,772 200 0 285,471 19,828 38,688 6,284 16 21,723 43,446 43,333 113 0 260,000 21,475 42,776 670 2 400 800 800 0 0 4,800 72,790 73,190 '(72,390) - (2) 3,596,567 6,711,353 6,621,699 89,654 l 46,215,912 3,043,701 5,928,129 783,224 13 (966) 8,658 8,667 2 50,000 (20,882 (20,882 51,463 (3) 26,784 48,658 41,667 6,991 991 17 25Q000 2Q882 2Q882 27,776(4) M(5) 0 0 0 0 0 0 80,866 173,259 (173,259) 10,026 16,301 36,667 (20,366) (56) 220,000 15,635 28,085 (11,784) (42) 63,754 131,066 152,705 (21,639) (14) 936,231 58,159 114,175 16,892 15 99,599 204,491 239,372 (34,880) (15) 1,456,231 150,563 293,403 (88,912) (30) 3,696,166 6,915,844 6,861,071 54,774 1 47,672,143 3,194,265 6,221,532 694,312 11 2,150,270 4,365,719 4,792,291 (426,572) (9) 32,766,025 2,304,998 4,663,371 (297,652) (6) 29,861 73,595 67,633 5,962 9 321,000 21,669 47,058 26,537 0 0 0 0 0 0 54,766 112,050 (112,050) _(6) (7) 4,191 9,308 11,667 (2,358) (20) 70,000 5,173 13,425 (4,116) (31) 38,587 71,025 61,175 9,850 16 369,466 29,213 60,854 10,171 17 119,331 258,644 319,250 1,540,500 92,979 211,087 (8) 263,874 528,902 530,058 (1,156) (0) 3,220,836 250,102 499,811 29,091 6 68,225 137,649 137,649 0 0 810,832 70,862 144,876 (7,227) (5) 4,255 8,825 2,583 6,242 242 74,109 990 2,695 6,130 227 29,352 61,267 66,917 (5,650) (8) 401,500 28,292 56,070 5,197 9 288,778 774,529 813,381 (38,852) (5) 4,128,585 270,108 686,503 88,026 13 32,175 72,308 97,102 (24,793) (26) 582,609 19,522 50,340 21,968 44 3,028,897 6,361,771 6,899,706 (537,934) (8) 44,285,462 3,148,673 6,548,139 (186,368) (3) 138,520 263,747 241,079 22,668 9 1,681,653 113,833 224,682 (9) 19,234 39,647 40,000 (353) (1) 240,000 18,630 37,448 2,198 6 157,753 303,394 281,079 22,315 8 1,921,653 132,462 262,130 41,264 16 509,515 250,679 (319,714) 570,393 178 1,465,028 (86,871) (588,737) 839,416 143 Item Variance of +/- $25,000 and +/- 15% (1) Prior Year to Date (PYTD) variance is mainly due to 2023 PCA revenue, increased usage and rate increase. YTD Budget variance due to increased usage. (2) PYTD variance due to accrual of PCA revenue in 2022 (See Rate Increase on Detailed Statement). (3) PYTD variance is due to the change in Fair Market Value of Investments. (4) PYTD variance is due to not billing penalties in January 2022. (5) PYTD variance is due to the LFG Project coming to an end in 2022. (6) PYTD variance is mainly due to increase labor for snow removal, additional supplies and increased natural gas expense for new field services building in 2023. (7) PYTD variance is due to the LFG Project coming to an end in 2022. (8) PYTD variance is due to increased actual contracted tree trimming hours in 2023. YTD Budget variance is due to most items coming in favorable to budget and less contracted tree trimming hours than budgeted. (9) PYTD variance due to increased PCA revenue. 163