5.1e ERMUSR 09-12-2023Variance Item(1)(2)(3)(4)(5)
867
300
21211922204013
(90)(94)(88)(33)(10)(21)
186
(110)
Actual Var%
00
719
1,6926,010
(2,371)(1,058)
52,11411,19025,75435,38237,27118,385
291,309291,309131,281
(163,242)(912,131)
(1,094,004)(1,203,440)(1,043,412)
YTD2022 v. 2023
00
8,8951,7985,136
2022
00
153
520
2,312(28,076)3,8865,36751,1283,27924,1587,13644,915
2022
JULYYTDVARIANCE
2,470
BUDGET
ANNUAL
2603,00053,915331,5374337,65032,162179,09501,202,93791,685645,432036,349384,370
(2)3,408,081254,1401,814,640
392,503,414431,0031,394,668392,503,414431,0031,394,6681336,50016376,03424,914172,784193,461,948872,8692,765,6501990,000
7952,367618,729951,011
(35)28,000(59)518,000410,7541,217,379(52)958,534441,8661,370,982
(11)1,032,65559,923531,440(63)18,650
112
(100)1,500(100)1,500
Var%
2023 YTD Bud
0
917
(875)(875)
2,7461,3469,8175,5408,8981,3291,709
57
YTD 2023
875
875
8,1961,189
2023
YTDBudget
BUDGETVariance
ELK RIVER, MINNESOTA
FOR PERIOD ENDING JULY 2023
ELK RIVER MUNICIPAL UTILITIES
0
0
9,5412,5184,07910,879(6,801)
2023
0
0
105336
7,68224,03821,2923,30510,58816,333(5,746)2,5076,82462,31752,5003,11221,78721,7877,49250,92549,216
16,498123,376302,167(178,791)29,992167,542347,988(180,445)69,874357,290351,75030,301214,477205,57997,626682,703681,78657,965549,825617,913(68,088)
523,9741,685,9771,208,829477,149523,9741,685,9771,208,829477,149553,9661,853,5201,556,816296,704273,6361,945,9211,992,599(46,678)280,330(92,401)(436,657)344,256
STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
2023
JULYYTD
Variance of +/- $15,000 and +/- 15%
m
Ite(1)YTD Budget variance is due to usage being higher than budgeted and PYTD variance is due to rate increase and higher usage in 2023.(2)PYTD variance is due to the change in Fair
Market Value of Investments. (3)YTD Budget variance is due to less than average connection fees. 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.
WaterRevenueOperating Revenue Water Sales Total Operating RevenueOther Operating Revenue Interest/Dividend Income Customer Penalties
Connection Fees Misc Revenue Total Other Revenue Total RevenueExpenses 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)