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5.1e ERMUSR 05-09-2023Water 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 PERIOD ENDING MARCH 2O23 2023 2023 2023 YTD 2023 YTD 2023 2022 2022 YTD 2022 v. Variance MARCH YTD YTD Budget Bud Vat% ANNUAL MARCH YTD VARIANCE 2023 Item BUDGET Variance BUDGET Actual 139,774 428,486 336,153 92,333 2,503,414 129,788 387,075 41,411 11 (1) 139,774 428,486 336,153 92,333 27 2,503,414 129,788 387,075 41,411 11 4,007 8,133 9,125 (992) (11) 36,500 (10,630) (20,021)= 28,153 �&2) 1,248 4,022 7,000 (2,978) (43) 28,000 1,007 1,949 2,072 106 16,368 40,901 129,500 1jr- (88,599)� 518,000 54,568 153,668 r (112,767) (3) 995 4,110 3,513 597 17 376,034 24,480 73,739 (69,629)W1 (4) 22,618 57,165 149,138 (91,972) (62) 958,534 69,425 209,335 (152,170) (73) 162,392 485,651 485,291 360 0 3,461,948 199,213 596,411 (110,759) (19) 11,144 30,878 22,500 8,378 37 90,000 8,556 25,484 5,393 21 43,410 137,102 150,750 (13,648) (9) 603,000 42,888 140,422 (3,320) (2) 33,111 88,653 97,063 (8,409) (9) 337,650 23,006 68,430 (5) 97,387 292,135 292,194 (59) (0) 1,202,937 92,826 278,119 14,015 5 3,112 9,337 9,337 0 0 36,349 3,279 11,042 (1,705) (15) 142 501 564 (62) (11) 2,470 99 385 117 30 7,136 21,442 21,092 350 2 84,370 6,239 18,404 3,038 17 74,249 262,230 293,267 (31,037) (11) 1,032,655 71,122 244,944 17,287 7 713 2,247 4,663 (2,416) (52) 18,650 1,542 2,438 (191) (8) 270,404 844,526 891,430 (46,904) (5) 3,408,081 249,556 789,667 54,858 7 Item Variance of+/- $15,000 and+/- 15% 0 0 375 (375) (100) 1,500 0 0 0 0 0 0 375 (375) (100) 1,500 0 0 0 0 (108,012) (358,874) (406,514) 47,640 12 52,367 (50,343) (193,257) (165,618) (86) (1) YTD Budget variance is due to increased usage. (2) PYTD variance is due to the change in Fair Market Value of Investments. (3) YTD Budget variance is due to a even budget spread. PYTD variance is due to more Connection Fees in 2022. (4) PYTD variance is due to Water Tower lease revenue being recognized annually in 2023 vs monthly in 2022 (GASB 87). (5) PYTD variance is due to a 2023 water main repair and additional Cty Rd 13 expenses which are partially offset by less water meter change outs in 2023. AN