5.1 ERMUSR 06-13-2023��i
Elk River
Municipal Utilities UTILITIES COMMISSION MEETING
TO:
FROM:
ERMU Commission
Melissa Karpinski — Finance Manager
MEETING DATE:
AGENDA ITEM NUMBER:
June 13, 2023
5.1
SUBJECT:
Financial Report —April 2023
ACTION REQUESTED:
Receive the April 2023 Financial
Report
DISCUSSION:
Please note that these are the preliminary unaudited financial statements.
Electric
April year to date (YTD) electric kWh sales are down 4% from the prior year. For further
breakdown:
• Residential usage is down 2%
• Small Commercial usage is up 6%
• Large Commercial usage is down 6%
For April 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
April YTD gallons of water sold are up 4% from the prior year. For further breakdown:
• Residential use is up 1%
• Commercial use is up 8%
For April 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 04.2023
• Electric Balance Sheet 04.2023
• Water Balance Sheet 04.2023
• Summary Electric Statement of Revenues, Expenses and Changes in Net Position
04.2023
• Summary Water Statement of Revenues, Expenses and Changes in Net Position 04.2023
• Graphs Prior Year and YTD 2023
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• Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 04.2023
• Detailed Water Statement of Revenues, Expenses and Changes in Net Position 04.2023
• Budget vs Actual Graphs — Electric 04.2023
• Budget vs Actual Graphs — Water 04.2023
Page 2 of 2
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