Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
5.1e ERMU 12-12-2023
Water 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 Proflt(Loss) ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING OCTOBER 2023 2023 2023 2023 YTD 2023 YTD 2023 2022 2022 YTD 2022 v. OCTOBER YTD YTD Budget Bud Var% ANNUAL OCTOBER YTD VARIANCE 2023 Actual BUDGET Variance BUDGET Var% Variance Item 321,585 2,977,421 2,228,138 L 749,283 2,503,414 291,424 2,570,885 406,536 -(1) 321,585 2,977,421 2,228,138 749,283 34 2,503,414 291,424 2,570,885 406,536 16 5,629 36,617 30,417 6,200 20 36,500 (2,973) (40,922)�539 �(2) 2,564 20,095 23,333 (3,238) (14) 28,000 3,173 22,548 (2,453) (11) 54,676 222,881 431,667 (208,785)� 518,000 52,909 1,364,475 IF' (1,141,594) (3) 1,390 15,842 11,708 4,133 35 376,034 25,223 249,309 (233,467) (4) 64,260 295,435 497,125 (201,690) (41) 958,534 78,332 1,595,410 (1,299,976) (81) 385,845 3,272,856 2,725,263 547,593 20 3,461,948 369,756 4,166,295 (893,440) (21) 11,359 89,490 75,000 14,490 19 90,000 20,224 89,445 45 0 37,220 502,453 502,500 (47) (0) 603,000 43,803 478,840 23,613 5 23,308 286,595 285,342 1,253 0 337,650 21,138 259,777 26,818 10 97,539 976,185 988,141 (11,956) (1) 1,202,937 91,957 921,122 55,063 6 2,912 30,524 30,524 0 0 36,349 3,112 33,496 (2,971) (9) 274 3,019 1,658 1,362 82 2,470 343 2,507 512 20 8,906 74,980 70,308 4,672 7 84,370 7,409 67,459 7,521 11 66,363 766,142 856,349 (90,207) (11) 1,032,655 63,785 756,340 9,802 1 61 4,681 15,542 (10,861) (70) 18,650 462 6,690 (2,009) (30) 247,943 2,734,069 2,825,363 (91,294) (3) 3,408,081 252,235 2,615,675 118,394 5 0 0 1,250 (1,250) (100) 1,500 540 540 (540) (100) 0 0 1,250 (1,250) (100) 1,500 540 540 (540) (100) 137,901 538,787 (101,350) 640,137 632 52,367 116,982 1,550,080 (1,011,294) (65) 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).