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5.02d ERMUSR 11-14-2023Electric 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) ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING SEPTEMBER 2023 2023 2023 2023 YTD 2023 YTD 2023 2022 2022 YTD 2022 v. SEPTEMBER YTD YTD Budget Bud Var% ANNUAL SEPTEMBER YTD VARIANCE 2023 Actual BUDGET Variance BUDGET Var% Variance Item 4,173,390 30,380,332 31,710,753 (1,330,422) (4) 42,041,326 4,093,476 28,123,010 2,257,322 8 446,619 2,888,045 2,563,315 324,730 13 3,385,657 397,320 2,533,027 355,019 14 25,137 169,415 182,172 (12,757) (7) 238,658 22,512 155,067 14,349 9 31,935 210,453 219,912 (9,460) (4) 285,471 28,146 191,725 18,728 10 21,611 194,201 195,000 (799) (0) 260,000 21,689 193,585 616 0 400 3,600 3,600 0 0 4,800 (70,807) 1,423,243 (1) 4,699,092 33,846,046 34,874,753 (1,028,707) (3) 46,215,912 4,492,336 32,619,656 1,226,390 4 4,668 71,135 37,500 33,635 50,000 (57,824) (181,139)0 252,274 -(2) 39,991 234,808 187,500 47,309 250,000 29,258 212,983 21,826 10 (3) 0 0 0 0 0 0 90,388 760,382 01- (760,382)-(4) 15,470 100,356 165,000 L (64,644) 220,000 9,325 152,995 (52,639) (5) 114,657 1,005,468 702,173 303,295 936,231 94,737 909,525 95,943 11 (6) 174,786 1,411,768 1,092,173 319,594 29 1,456,231 165,884 1,854,746 (442,978) (24) 4,873,877 35,257,814 35,966,926 (709,112) (2) 47,672,143 4,658,220 34,474,402 783,412 2 2,891,327 24,644,445 25,694,068 (1,049,624) (4) 32,766,025 3,086,040 24,875,108 (230,663) (1) 17,757 249,492 231,750 17,742 8 321,000 19,812 179,562 69,930 (7) =(8) 0 0 0 0 0 0 58,244 496,396 (496,396) 5,406 49,431 52,500 (3,069) (6) 70,000 5,432 49,497 (66) (0) 26,734 336,664 275,288 369,466 32,696 271,336 65,328 -(9) 123,833 1,270,306 1,166,625 103,681 9 1,540,500 116,283 1,118,673 151,632 14 263,868 2,372,170 2,395,261 (23,091) (1) 3,220,836 249,739 2,248,596 123,575 5 66,412 611,596 611,596 0 0 810,832 69,425 638,035 (26,440) (4) 4,265 55,204 25,801 29,402;� 74,109 12,791 33,484 21,720 65 (10) 36,129 322,308 301,125 21,183 7 401,500 39,552 289,311 32,996 11 303,660 2,884,166 3,106,940 (222,774) (7) 4,128,585 335,799 2,775,851 108,315 4 41,692 292,780 436,957 (1441 11 582,609 36,748 311,422 (18,642) (6) (11) 3,781,084 33,088,560 34,297,911 (1,209,351) (4) 44,285,462 4,062,559 33,287,271 (198,711) (1) 167,632 1,254,081 1,268,430 (14,349) (1) 1,681,653 164,440 1,159,520 94,561 8 18,646 196,441 180,000 16,441 9 240,000 18,941 170738 (12) 186,278 1,450,522 1,448,430 2,091 0 1,921,653 183,381 1,330,258 120,263 9 906,515 718,732 220,585 498,147 226 1,465,028 412,280 (143,127) 861,860 602 Item Variance of+/- $25,000 and+/- 15% (1) PYTD variance is due to accrual of PCA revenue in 2022 (See Rate Increase on Detailed Statement). (2) Budget variance is due to conservative budgeted amount. PYTD variance is due to the change in Fair Market Value of Investments. (3) Budget variance is due to higher than average over last two years. (4) PYTD variance is due to the LFG Project coming to an end in 2022. (5) YTD Budget and PYTD variance is due to less than average connection fees in 2023. (6) YTD Budget variance is mainly due to a conservative budgeted amount for contribution from customers. (7) 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. (8) PYTD variance is due to the LFG Project coming to an end in 2022. (9) YTD Budget and PYTD variance is mainly due to increased labor (inventory, tool repair, maintenance of rubber goods, electrical apparatus maintenance/repair, and grounds testing/maintenance), tools and uniform expense in 2023. (10) YTD Budget variance is mainly due to increased interest rate on deposits. (11) YTD Budget variance is mainly due to less rebate dollars spent than budgeted. (12) PYTD variance due to Furniture & Things energy audit expense of $29K. Z