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5.2e ERMU 12-12-2023
ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA 2024 ELECTRIC BUDGET 2024 Annual 2023 Annual 2022 Annual Electric Budget Budget Actual Revenue Operating Revenue Elk River 440.4411 ELECT SALES - ELK RIVER RESIDENTIAL 14,221,539 14,039,146 13,749,299 440.4412 ELECT SALES - ELK RIVER NON -DEMAND 3,634,058 3,461,850 3,321,584 440.4413 ELECT SALES - ELK RIVER DEMAND 19,965,866 20,243,229 20,302,300 440.4461 PCA SALES REVENUE - ELK RIVER RESIDENTIA 1,485,155 1,285,399 - 440.4462 PCA SALES REVENUE - ELK RIVER NON -DEMAND 408,037 340,814 - 440.4463 PCA SALES REVENUE - ELK RIVER DEMAND 2,970,644 2,670,887 Total for Elk River: 42,685,299 42,041,326 37,373,184 Otsego 440.4416 ELECT SALES - OTSEGO RESIDENTIAL 1,438,521 1,420,072 1,459,139 440.4417 ELECT SALES - OTSEGO NON -DEMAND 477,265 454,649 493,846 440.4418 ELECT SALES -OTSEGO DEMAND 1,154,078 1,180,452 1,398,702 440.4464 PCA SALES REVENUE-OTSEGO RESIDENTIAL 162,572 129,685 - 440.4465 PCA SALES REVENUE - OTSEGO NON -DEMAND 58,535 44,260 - 440.4466 PCA SALES REVENUE-OTSEGO DEMAND 223,597 156,538 Total for Otsego: 3,514,568 3,385,657 3,351,689 Rural Big Lake 440.4421 ELECT SALES - BIG LAKE RESIDENTIAL 216,884 214,102 198,877 440.4422 ELECT SALES - BIG LAKE NON -DEMAND 4,737 4,513 4,681 440.4467 PCA SALES REVENUE- BIG LAKE RESIDENTIAL 21,268 19,622 - 440.4468 PCA SALES REVENUE - BIG LAKE NON -DEMAND 522 420 Total for Rural Big Lake: 243,412 238,658 203,559 Dayton 440.4431 ELECT SALES- DAYTON RESIDENTIAL 224,526 221,646 209,677 44O.4432 ELECT SALES - DAYTON NON -DEMAND 41,610 39,638 39,738 440.4469 PCA SALES REVENUE- DAYTON RESIDENTIAL 22,385 20,286 440.447 PCA SALES REVENUE - DAYTON NON -DEMAND 4,231 3,900 Total for Dayton: 292,752 285,471 249,416 Public St & Hwy Lighting 440.4414 ELECT SALES -SEC LTS 260,000 260,000 258,671 Total for Public St & Hwy Lighting: 260,000 260,000 258,671 Other Electric Sales 440.455 SUB -STATION CREDIT 4,800 4,800 4,800 440.4554 RATE INCREASE 895,668 Total for Other Electric Sales: 4,800 4,800 900,468 Total for Operating Revenue: 47,000,831 46,215,912 42,336,987 Other Operating Revenue Interest/Dividend Income 460.4691 INTEREST& DIVIDEND INCOME 85,000 50,000 (159,502) Total for Interest/Dividend Income: 85,000 50,000 (159,502) Customer Penalties 470.4701 CUSTOMER DELINQUENT PENALTIES 285,000 250,000 284,452 Total for Customer Penalties: 285,000 250,000 284,452 LFG Project 470.4721 LFG PROJECT 935,004 Total for LFG Project: - - 935,004 Connection Fees 470.47O2 DISCONNECT& RECONNECT CHARGE 135,000 220,000 243,087 Total for Connection Fees: 135,000 220,000 243,088 Misc Revenue 470.4703 MISC ELEC REVENUE -TEMP CHG 5,000 2,000 5,630 47O.47O4 STREET LIGHT 10,000 20,000 23,525 470.4715 TRANSMISSION INVESTMENTS 666,000 649,231 697,070 470.4722 MISC NON -UTILITY 110,000 90,000 187,014 470.4723 GAIN ON DISPOSITION OF PROPERTY - - 78,538 470.4739 PERA PENSION REVENUE - - 16,608 470.477 CONTRIBUTIONS FROM CUSTOMERS 225,000 175,000 298,934 Total for Misc Revenue: 1,016,000 936,231 1,307,320 Total Other Revenue Total for Total Other Revenue: 1,521,000 1,456,231 2,610,362 Total Revenue 48,521,831 47,672,143 44,947,349 1.8% Expenses Purchased Power 540.5551 PURCHASED POWER 24,250,424 24,207,981 31,544,604 540.5553 ENERGY ADJUSTMENT CLAUSE 8,506,023 8,558,044 Total for Purchased Power: 32,756,447 32,766,025 31,544,604 Operating & Mtce Expense 540.5461 OPERATING SUPERVISION 131,000 137,000 138,044 540.5471 DIESEL OIL FUEL 10,000 10,000 2,980 540.5472 NATURALGAS 33,000 25,000 20,631 540.5483 ELECTRIC & WATER CONSUMPTION - PLANT 66,000 34,000 32,884 540.5494 PLANT SUPPLIES & OTHER EXPENSE 15,000 13,000 13,912 540.5491 MISC POWER GENERATION EXPENSE 8,000 8,000 5,079 540.5521 MAINTENANCE OF STRUCTURE - PLANT 21,000 20,000 20,294 540.5531 MTCE OF PLANT ENGINES/GENERATORS 39,000 39,000 11,756 540.5541 MTCE OF PLANT/LAND IMPROVEMENT 46,000 35,000 28,086 Total for Operating & Mtce Expense: 369,000 321,000 273,666 105 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA 2024 ELECTRIC BUDGET 2024 Annual 2023 Annual 2022 Annual Electric Budget Budget Actual Landfill Gas 550.505 LANDFILL GAS PLANT PURCHASED GAS - - 136,879 Per contract ending 10/2022 550.5051 LANDFILL GAS PLANT OPERATIONS & MTCE - - 337,825 550.5052 LANDFILL GAS PLANT ADMINISTATION - - 25,847 550.5053 LANDFILL GAS PLANT INSURANCE - - 17,501 550.5054 LANDFILL GAS PLANT MTCE - - 1,576 Total for Landfill Gas: - - 519,628 Transmission Expense 560.562 TRANSMISSION MTCE AND EXPENSE 72,000 70,000 63,952 Total for Transmission Expense: 72,000 70,000 63,952 Distribution Expense 580.5801 REMOVE EXISTING SERVICE & METERS 2,000 1,050 599 580.5821 SCADA EXPENSE 45,000 44,000 42,498 580.5831 TRANSFORMER EXPENSE OH & URD 15,000 15,000 13,243 580.5851 MTCE OF SIGNAL SYSTEMS 3,000 2,000 1,872 580.5861 METER EXPENSE- REMOVE & RESET 1,500 1,500 582 580.5871 TEMP SERVICE - INSTALL&REMOVE 7,000 3,500 3,718 580.5881 MISC DISTRIBUTION EXPENSE 350,000 300,000 321,667 580.589 INTERCONNECTION CARRYING CHARGE 2,417 2,416 2,416 Total for Distribution Expense: 425,917 369,466 386,595 Maintenance Expense 590.5911 MTCE OF STRUCTURES 50,000 46,000 30,934 590.5921 MTCE OF SUBSTATIONS 36,000 35,000 60,276 590.5922 MTCE OF SUBSTATION EQUIPMENT 79,000 77,000 42,073 590.5931 MTCE OF OH UNES/TREE TRIM 230,000 225,000 145,876 $1451, contractors 590.5932 MTCE OF OH LINES/STANDBY 40,000 40,000 33,623 590.5933 MTCE OF OH PRIMARY 170,000 170,000 190,502 590.5941 MTCE OF URD PRIMARY 220,000 170,000 201,178 590.5943 LOCATE ELECTRIC LINES 110,000 106,000 95,624 590.5944 LOCATE FIBER LINES 1,500 1,000 880 590.5951 MTCE OF LINE TRANSFORMERS 60,000 60,000 43,183 590.5961 MTCE OF STREET LIGHTING 50,000 45,000 66,957 590.5962 MTCE OF SECURITY LIGHTING 15,000 15,000 21,799 590.5971 MTCE OF METERS 80,000 85,000 77,069 590.5972 VOLTAGE COMPLAINTS 12,000 10,000 9,130 590.5981 SALARIES TRANSMISSION & DISTRIBUTION 30,000 30,500 28,316 590.5985 ELECTRIC MAPPING 100,000 95,000 97,145 590.5991 MTCE OF OH SECONDARY 25,000 25,000 21,753 590.5992 MTCE OF URD SECONDARY 60,000 60,000 57,283 590.5995 TRANSPORTATION EXPENSE 300,000 245,000 288,624 Increased labor and fuel costs Total for Maintenance Expense: 1,668,500 1,540,SOO 1,512,225 Depreciation & Amortization 595.8031 DEPRECIATION 2,439,476 2,552,700 2,394,615 595.8032 AMORTIZATION 668,136 668,136 668,135 Total for Depreciation & Amortization: 3,107,612 3,220,836 3,062,750 Interest Expense 596.8071 INTEREST EXPENSE -BONDS 845,673 870,695 907,074 597.8281 AMORTIZATION OF DEBT DISCOUNT/PREMIUM (59,863) (59,863) (60,765) Total for Interest Expense: 785,810 810,832 846,309 Other Operating Expense 597.8165 EV CHARGING EXPENSE 3,100 7,731 6,552 597.8213 LOSS ON DISPOSITION OF PROP (CAPITAL) 155,800 15,500 36,600 Meters (due to AMI) 597.8263 OTHER DONATIONS 3,000 3,000 3,891 597.8265 MUTUALAID - - 40,408 597.8302 PENSION EXPENSE 295,000 45,000 306,643 GASB 68 597.8311 OTHER INTEREST EXPENSE - 378 4,888 597.8341 INTEREST EXPENSE - METER DEPOSITS 50,000 2,500 1,995 Increased interest rates Total for Other Operating Expense: 506,900 74,109 401,006 Customer Accounts Expense 900.9021 METER READING EXPENSE 47,000 47,000 49,300 900.903 DISCONNECT/RECONNECT EXPENSE 22,000 22,000 23,150 900.9051 MISC CUSTOMER ACCOUNTS EXPENSE UTILITY 345,000 312,500 305,794 900.9061 BAD DEBT EXPENSE & RECOVERY 25,000 20,000 12,993 Total for Customer Accounts Expense: 439,000 401,500 391,237 Administrative Expense 920.9201 SALARIES OFFICE & COMMISSION 908,000 950,000 805,290 920.9205 TEMPORARY STAFFING 4,000 4,000 - 920.9211 OFFICE SUPPLIES 125,000 107,000 71,132 920.9212 ELECTRIC & WATER CONSUMPTION - OFFICE 40,000 29,000 37,423 920.9213 BANK FEES 2,500 2,500 2,002 920.9221 LEGAL FEES 30,000 40,000 29,545 920.9231 AUDITING FEES 22,000 18,520 18,039 920.9241 INSURANCE 190,000 186,000 170,663 920.926 UTILITY SHARE - DEFERRED COMP 120,000 124,000 112,637 920.9261 UTILITY SHARE- MEDICAL/DENTAL/DISABIL 870,000 858,481 809,783 920.9262 UTILITY SHARE - PERA 302,000 288,000 280,969 920.9263 UTILITY SHARE - FICA 295,000 280,000 272,892 920.9264 EMPLOYEE SICK PAY 165,000 150,000 146,800 920.9265 EMPLOYEE HOLIDAY PAY 172,000 157,500 139,307 920.9266 EMPLOYEE VACATION & PTO PAY 275,000 250,000 256,901 920.9267 UPMIC DISTRIBUTION 101,000 91,015 67,353 920.929 LONGEVITY PAY 6,964 16,369 4,030 920.9291 CONSULTING FEES 97,600 80,000 54,841 AE2S, NISC, Rate Study, Comp Study 106 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA 2024 ELECTRIC BUDGET Electric 920.9301 TELEPHONE 920.9302 ADVERTISING 920.9303 DUES&SUBSCRIPTIONS - FEES 920.9305 SCHOOLS& MEETINGS 920.9321 MTCE OF GENERAL PLANT & OFFICE HEATING Total for Administrative Expense: General Expense 920.9269 CIP REBATES- RESIDENTIAL 920.927 CIP REBATES -COMMERCIAL 920.9271 CIP-ADMINISTRATION 920.9272 CIP - MARKETING 920.9273 CIP - LABOR 920.9274 CIP REBATES - LOW INCOME 920.9275 CIP - LOW INCOME LABOR 920.9281 ENVIRONMENTAL COMPLIANCE 920.9306 MISC GENERAL EXPENSE Total for General Expense: Total Expenses (before Operating Transfers) Operating Transfer Operating Transfer/Other Funds 597.8262 TRANSFER TO CITY ELK RIVER REVENUE Total for Operating Transfer/Other Funds: Utilities & Labor Donated 597.8261 UTILITIES & LABOR DONATED TO CITY Total for Utilities & Labor Donated: Total Operating Transfer Total for Total Operating Transfer: Net Income Profit(Loss) 2024 Annual 2023 Annual 2022 Annual Budget Budget Actual 38,000 41,000 38,140 19,000 15,000 12,246 137,534 172,675 125,051 274,895 259,925 193,041 13,000 7,600 11,682 4,208,492 4,128,585 3,659,767 90,758 100,170 60,641 112,000 189, 583 109,100 182,965 19,700 8,415 51,235 30,039 29,024 133,822 178,511 153,297 CIP Specialist 18,720 18,000 4,185 10,000 9,887 10,399 35,000 34,219 31,920 2,500 2,500 (1,218) 637,000 582,609 405,763 44,976,679 44,285,462 43,067,541 1.6% 1,707,412 1,681,653 1,531,632 4%of Elk River Sales 1,707,412 1,681,6S3 1,531,633 264,000 240,000 231,860 264,000 240,000 231,861 1,971,412 1,921, 653 1,763,493 1,573,740 1,465,028 116,314 107