5.1d ERMUSR 06-13-2023Electric
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)
Item Variance of+/- $25,000 and+/- 15%
ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
FOR PERIOD ENDING APRIL 2023
2023 2023 2023 YTD 2023 YTD 2023 2022 2022 YTD 2022 v. Variance
APRIL YTD YTD Budget Bud Var%o ANNUAL APRIL YTD VARIANCE 2023 Item
BUDGET Variance BUDGET Actual
2,710,245
11,672,120
12,178,212
(506,093)
(4)
42,041,326
2,761,081
10,661,878
1,010,242
9
242,768
1,072,660
961,194
111,466
12
3,385,657
250,873
938,574
134,085
14
15,093
69,648
75,316
(5,668)
(8)
238,658
16,384
63,558
6,090
10
18,079
83,057
89,625
(6,568)
(7)
285,471
19,414
77,503
5,553
7
21,555
86,263
86,667
(404)
(0)
260,000
21,501
85,769
494
1
400
1,600
1,600
0
0
4,800
231,400
658,441
(656,841)�(1)
3,008,140
12,985,347
13,392,613
(407,267)
(3)
46,215,912
3,300,653
12,485,724
499,623
4
14,598
32,499
16,667
15,832 95
50,000
(28,456)
(116,946)
149,445
(2)
21,481
95,359
83,333
12,026 14
25Q000
21,384
65,758
29,601
(3)
0
0
0
0 0
0
59,739
298,292
(298,292)
(4)
10,020
34,153
73,333 M
(39,180)�
220,000
15,365
51,030
(16,877)
(33) (5)
124,223
337,050
310,410
26,640 9
936,231
168,116
358,144
(21,094)
(6)
170,322
499,061
483,744
15,317 3
1,456,231
236,148
656,278
(157,217)
(24)
3,178,463
13,484,408
13,876,357
(391,949) (3)
47,672,143
3,536,801
13,142,002
342,406
3
2,010,173
8,707,748
9,677,145
(969,397)
(10)
32,766,025
2,101,422
9,063,835
(356,087)
(4)
23,611
149,440
122,167
321,000
19,923
89,581
W 59,859
(6)
=(7)
0
0
0
0
0
0
56,710
222,543
ffr (222,543)
5,536
20,206
23,333
(3,127)
(13)
70,000
4,255
23,028
(2,822)
(12)
30,964
184,821
122,350
369,466
36,314
144:445
E 40,375
=(8)
136,607
596,081
613,500
(17,419)
(3)
1,540,500
122,832
504827
91,254
(9)
264,010
1,056,692
1,060,116
(3,425)
(0)
3,220,836
250,294
1,000,076
56,615
6
68,225
274,098
274,098
0
0
810,832
70,862
286,600
(12,502)
(4)
4,158
16,472
4,788
11,684
244
74,109
1,257
4,242
12,231
288
38,332
133,613
133,833
(220)
(0)
401,500
34,761
120,411
13,202
11
294,109
1,400,417
1,471,028
(70,611)
(5)
4,128,585
295,540
1,291,295
109,122
8
25,960
133,983
194,203 MW
(60,22
582,609
21,469
101,761
32,221
�(10)
2,901,686
12,673,570
13,696,562
(1,022,992)
(7)
44,285,462
3,015,640
12,852,645
(179,075)
(1)
114,366
502,268
487,128
(15,140)
3 1,681,653
119,358
455,064
47,205 10
47,342
105,469
80,000 -
25,469
240,000
18,412
75,223
30,246
161,708
607,737
567,128
40,609
7 1,921,653
137,769
530,286
77,451 15
115,069
203,100
(387,334)
590,434
152 1,465,028
383,392
(240,930)
444,030 184
(1) PYTD variance due to accrual of PCA revenue in 2022 (See Rate Increase on Detailed Statement).
(2) PYTD variance is due to the change in Fair Market Value of Investments.
(3) PYTD variance is mainly due to not billing penalties in January 2022.
(4) PYTD variance is due to the LFG Project coming to an end in 2022.
(5) YTD Budget variance is due to a even budget spread.
(6) YTD Budget and PYTD variance is mainly due to increased labor for snow removal, additional supplies and increased electric and 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) YTD Budget variance is due to an even budget spread for misc distribution expense. PYTD variance is due to increased labor and uniform expense in 2023.
(9) PYTD variance is mainly due to contracted tree trimming (2022 and 2023 had contracted tree trimming, but more was completed in 2023) and increased mapping labor.
(10) YTD Budget variance is mainly due to less rebate dollars spent than budgeted. PYTD variance is mainly due to more commercial rebates in 2023.
(11) YTD Budget variance and PYTD variance due Furniture & Things energy audit expense of $29K.
imi