5.1 ERMUSR 05-09-2023Elk River
Municipal Utilities UTILITIES COMMISSION MEETING
TO:
FROM:
ERMU Commission
Melissa Karpinski — Finance Manager
MEETING DATE:
AGENDA ITEM NUMBER:
May 9, 2023
5.1
SUBJECT:
Financial Report — March 2023
ACTION REQUESTED:
Receive the March 2023 Financial Report
DISCUSSION:
Please note that these are the preliminary unaudited financial statements.
Electric
March year to date (YTD) electric kWh sales are in line with the prior year. For further
breakdown:
• Residential usage is up 4%
• Small Commercial usage is up 12%
• Large Commercial usage is down 4%
For March 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
March YTD gallons of water sold are up 12% from the prior year. For further breakdown:
• Residential use is up 9%
• Commercial use is up 15%
For March 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 03.2023
• Electric Balance Sheet 03.2023
• Water Balance Sheet 03.2023
• Summary Electric Statement of Revenues, Expenses and Changes in Net Position
03.2023
• Summary Water Statement of Revenues, Expenses and Changes in Net Position 03.2023
• Graphs Prior Year and YTD 2023
Page 1 of 2
• Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 03.2023
• Detailed Water Statement of Revenues, Expenses and Changes in Net Position 03.2023
• Budget vs Actual Graphs — Electric 03.2023
• Budget vs Actual Graphs — Water 03.2023
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