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5.1e ERMUSR 04-11-2023Water Revenue Operating Revenue Water Sales Total Operating Revenue Other Operating Revenue Interest/Dividend Income Customer Penalties Connection Fees Misc Revenue Total Other Revenue Total Revenue Expenses Production Expense Pumping Expense Distribution Expense Depreciation & Amortization Interest Expense Other Operating Expense Customer Accounts Expense Administrative Expense General Expense Total Expenses(before Operating Transfers) Operating Transfer 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 PF.RTOD F.NDTNG FF.RRITARY 2021 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 154,346 288,712 223.389 65,323 - 2,503,414 128,288 257,287 31,425 12 (1) 154,346 288,712 223,389 65,323 29 2,503,414 128,288 257,287 31,425 12 799 4,125 6,083 (1,958) (32) 36,500 (5,598) (9,391) 13,516 144 1,026 2,774 4,667 (1,893) (41) 28,000 943 943 1,831 194 12,767 24,533 86,333 518,000 71,779 99,100 (74,567)_(2) 2,140 3,115 2,342 773 33 376,034 24,798 49,258 (46,143) (3) 16,731 34,547 99,425 (64,878) (65) 958,534 91,922 139,910 (105,363) (75) 171,077 323,259 322,814 445 0 3,461,948 220,210 397,197 (73,938) (19) 9,135 19,734 15,000 4,734 32 90,000 8,926 16,929 2,805 17 46,395 93,692 100,500 (6,808) (7) 603,000 57,027 97,533 (3,842) (4) 10,385 55,542 70,908 366)- 337,650 33,058 45,425 10,117 22 (4) 97,380 194,748 194,796 (48) (0) 1,202,937 92,795 185,293 9,454 5 3,112 6,225 6,225 0 0 36,349 3,279 7,763 (1,538) (20) 105 360 408 (48) (12) 2,470 99 286 74 26 6,971 14,307 14,062 245 2 84,370 6,144 12,165 2,142 18 81,131 187,981 216,415 (28,433) (13) 1,032,655 77,263 173,822 14,160 8 1,028 1,534 3,108 (1,574) (51) 18,650 394 896 638 71 255,642 574,122 621,421 (47,300) (8) 3,408,081 278,985 540,111 34,010 6 0 0 250 (250) (100) 1,500 0 0 0 0 0 0 250 (250) (100) 1,500 0 0 0 0 (84,564) (250,863) (298,857) 47,995 16 52,367 (58,775) (142,914) (107,949) (76) Item Variance of +/- $15,000 and +/- 15% (1) YTD Budget variance is due to increased usage. (2) YTD Budget variance is due to a even budget spread. PYTD variance is due to more Connection Fees in 2022. (3) PYTD variance is due Water Tower lease revenue being recognized annually in 2023 vs monthly in 2022 (GASB 87). (4) YTD Budget variance is due to most items coming in favorable to budget and less water meter change outs than budgeted (historically less than normal). 164