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5.02e ERMUSR 11-14-2023Water 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 SEPTEMBER 2023 2023 2023 2023 YTD 2023 YTD 2023 2022 2022 YTD 2022 v. SEPTEMBER YTD YTD Budget Bud Var%o ANNUAL SEPTEMBER YTD VARIANCE 2023 Actual BUDGET Variance BUDGET Var% Variance Item 518,665 2,655,836 1,974,576 681,260 - 2,503,414 427,484 2,279,461 376,376 -(1) 518,665 2,655,836 1,974,576 681,260 35 2,503,414 427,484 2,279,461 376,376 17 2,891 30,987 27,375 3,612 13 36,500 (13,497) (37,949) 68,936 �(2) 3,250 17,531 21,000 (3,469) (17) 28,000 3,855 19,375 (1,845) (10) 32,560 168,205 388,500 (220,295)� 518,000 46,044 1,311,566 (1,143,361) (3) =I 3,935 14,451 10,538 3,914 37 376,034 26,388 224,086 (209,634) (4) 42,636 231,175 447,413 (216,238) (48) 958,534 62,789 1,517,078 (1,285,903) (85) 561,302 2,887,011 2,421,989 465,022 19 3,461,948 490,273 3,796,539 (909,528) (24) 7,341 78,131 67,500 10,631 16 90,000 9,288 69,220 8,910 13 51,147 465,233 452,250 12,983 3 603,000 48,478 435,037 30,196 7 20,878 263,287 259,188 4,099 2 337,650 23,874 238,638 24,648 10 97,592 878,646 880,743 (2,097) (0) 1,202,937 91,639 829,165 49,481 6 2,912 27,612 27,612 0 0 36,349 3,112 30,383 (2,771) (9) 104 2,745 1,501 1,244 83 2,470 153 2,164 581 27 7,666 66,073 63,277 2,796 4 84,370 8,218 60,050 6,024 10 70,743 699,778 784,009 (84,231) (11) 1,032,655 76,867 692,555 7,224 1 126 4,620 13,988 (9,368) (67) 18,650 2,494 6,229 (1,609) (26) 258,509 2,486,126 2,550,068 (63,942) (3) 3,408,081 264,124 2,363,441 122,685 5 0 0 1,125 (1,125) (100) 1,500 0 0 0 0 0 0 1,125 (1,125) (100) 1,500 0 0 0 0 302,793 400,886 (129,204) 530,089 410 52,367 226,150 1,433,098 (1,032,213) (72) Item Variance of+/- $15,000 and+/- 15% (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). 61