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5.2f ERMU 12-12-2023
Water Revenue Operating Revenue Water Sales 610.6101 Water Sales Residential 610.6102 Water Sales Commercial 610.6103 Water Sales Irrigation Total Operating Revenue ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA 2024 WATER BUDGET 2024 Annual 2023 Annual 2022 Annual Budget Budget Actual 1,595,404 1,397,043 1,660,446 923,908 850,022 926,107 268,691 256,349 300,720 Total for Water Sales: 2,788,003 2,503,414 2,887,276 2,788,003 2,503,414 2,887,275 Total for Total Operating Revenue: 2,788,003 2,503,414 2,887,276 Other Operating Revenue Interest/Dividend Income 460.4691 Interest & Dividend Income 40,000 35,000 (30,591) 460.4692 Other Interest/Misc Revenue 1,500 1,500 1,136 Total for Interest/Dividend Income: 41,500 36,500 (29,455) Customer Penalties 620.6301 Customer Penalties 25,000 28,000 26,194 Total for Customer Penalties: 25,000 28,000 26,194 Connection Fees 620.6401 WATER/ACCESS/CONNECTION FEES 200,000 450,000 1,547,929 620.6402 Customer Connection Fees 30,000 40,000 57,145 620.6407 Bulk Water Sales/Hydrant Rental 25,000 28,000 18,220 Total for Connection Fees: 255,000 518,000 1,623,295 Misc Revenue 470.4722 Misc Non -Utility 50 50 150 470.4739 Pera Pension Revenue - - 3,178 620.626 Transfer In From City 230,000 - - 620.6403 Miscellaneous Revenue 500 500 1,019 620.6323 Gain On Disposition Of Property - - - 620.6404 HYDRANT MAINTENANCE PROGRAM - PRIVATE 15,000 13,500 13,627 620.6405 Contributions from Developers 65,000 65,000 940,305 620.6406 Water Tower Lease 308,236 296,984 327,431 Will recognize at year-end 620.6416 Lease Interest Revenue - - 78,451 Will recognize at year-end Total for Misc Revenue: 618,786 376,034 1,364,163 Total Other Revenue 940,286 958,534 2,984,197 Total for Total Other Revenue: 940,286 958,534 2,984,197 Total Revenue 3,728,289 3,461,948 5,871,472 Expenses Production Expense 700.7021 MTCE OF STRUCTURES 115,000 90,000 114,397 Total for Production Expense: 115,000 90,000 114,397 Pumping Expense 710.7101 SUPERVISION 67,500 69,000 66,134 710.7181 ELECTRIC & GAS UTILITIES 335,171 288,000 281,124 710.7182 SAMPLING 17,000 15,000 13,093 710.7183 CHEMICAL FEED 53,000 50,000 32,349 710.722 MTCE OF WELLS 165,000 165,000 160,129 710.723 SCADA -PUMPING 8,000 16,000 13,807 Total for Pumping Expense: 645,671 603,000 566,684 Distribution Expense 730.7301 MTCE OF WATER MAINS 175,000 120,000 91,488 730.7309 LOCATE WATER LINES 17,250 17,250 11,045 730.7311 MTCE OF WATER SERVICES 500 - 897 730.7312 WATER METER SERVICE 66,000 66,000 72,990 730.7316 BACKFLOW DEVICE INSPECTION 20,000 16,000 10,765 Labor and software expense 730.7321 MTCE OF CUSTOMERS SERVICE 33,000 30,500 28,317 730.7325 WATER MAPPING 15,000 12,500 12,236 730.7331 MTCE OF WATER HYDRANTS - PUBLIC 20,000 19,000 21,980 730.7332 MTCE OF WATER HYDRANTS - PRIVATE 6,000 5,000 5,104 730.7341 WATER CLOTHING/PPE 10,000 9,000 7,616 730.7391 WAGES WATER 7,500 7,300 9,340 730.7395 TRANSPORTATION EXPENSE 24,000 16,500 15,427 Increased labor and fuel costs 730.7399 WATER PERMIT 28,000 18,600 18,370 Increased summer water use fees Total for Distribution Expense: 422,250 337,650 305,583 a ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA 2024 WATER BUDGET Water Depreciation & Amortization 595.8031 DEPRECIATION Total for Depreciation & Amortization: Interest Expense 596.8071 INTEREST EXPENSE - BONDS 597.8281 AMORTIZATION OF DEBT DISCOUNT/PREMIUM Total for Interest Expense: Other Operating Expense 597.8213 LOSS ON DISPOSITION OF PROP (CAPITAL) 597.8264 DAM MAINTENANCE EXPENSE 597.8302 PENSION EXPENSE 597.8311 OTHER INTEREST EXPENSE 597.8341 INTEREST EXPENSE - METER DEPOSITS Total for Other Operating Expense: Customer Accounts Expense 900.9021 METER READING EXPENSE 900.9051 M ISC CUSTOMER ACCOUNTS EXPENSE UTILITY 900.9061 BAD DEBT EXPENSE & RECOVERY Total for Customer Accounts Expense: Administrative Expense 920.9201 SALARIES OFFICE & COMMISSION 920.9205 TEMPORARY STAFFING 920.9211 OFFICE SUPPLIES 920.9212 ELECTRIC & WATER CONSUMPTION - OFFICE 920.9213 BANK FEES 920.9221 LEGAL FEES 920.9231 AUDITING FEES 920.9241INSURANCE 920.926 UTILITY SHARE - DEFERRED COMP 920.9261 UTILITY SHARE - MEDICAL/DENTAL/DISABIL 920.9262 UTILITY SHARE - PERA 920.9263 UTILITY SHARE - FICA 920.9264 EMPLOYEE SICK PAY 920.9265 EMPLOYEE HOLIDAY PAY 920.9266 EMPLOYEE VACATION & PTO PAY 920.9267 UPMIC DISTRIBUTION 920.929 LONGEVITY PAY 920.9268 WELLHEAD PROTECTION 920.9291 CONSULTING FEES 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: 2024 Annual 2023 Annual 2022 Annual Budget Budget Actual 1,148,988 1,202,937 1,117,356 1,148,988 1,202,937 1,117,357 40,600 43,000 46,371 (6,651) (6,651) (6,650) 33,949 36,349 39,720 14,000 500 9,150 Meters (due to AM I) 2,000 1,750 1,555 65,000 - 68,974 GASB 68 - 95 1,222 1,300 125 53 Increased interest rates 82,300 2,470 80,954 2,500 - 2,347 89,000 81,620 78,909 250 250 28 91,750 84,370 81,285 285,000 268,500 234,617 1,000 1,000 - 37,000 25,500 14,865 11,000 8,000 8,579 600 625 516 9,000 9,000 7,339 6,000 4,630 4,509 43,000 36,000 30,952 21,000 30,500 19,528 220,000 215,000 209,590 56,000 54,000 53,758 54,000 52,000 51,807 29,000 27,000 25,671 32,000 30,800 24,827 52,000 44,000 46,185 21,000 18,069 13,761 837 3,106 620 2,000 10,000 4,724 45,900 35,000 20,055 AE2S, NISC, Rate Study, Comp Study 9,000 9,500 8,900 5,000 6,500 2,933 88,114 78,320 75,541 61,073 63,705 41,818 3,100 1,900 2,920 1,092,624 1,032,655 904,027 General Expense 920.9269CIPREBATES -RESIDENTIAL 5,000 10,500 834 920.927 CIP REBATES -COMMERCIAL 500 500 - 920.9272 CIP - MARKETING 2,000 500 613 920.9273 CIP - LABOR 5,000 4,700 4,502 CIPSpecialist 920.9281 ENVIRONMENTAL COMPLIANCE 2,500 2,200 1,578 920.9306 MISC GENERAL EXPENSE 250 250 - TotalforGeneralExpense: 15,250 18,650 7,529 Total Expenses (before Operating Transfers) 3,647,782 3,408,081 3,217,536 Operating Transfer Utilities & Labor Donated 597.8261 WATER & LABOR DONATED TO CITY 1,500 1,500 539 Total Operating Transfer Total for Total Operating Transfer: 1,500 1,500 540 Net Income Profit(Loss) 79,007 52,367 2,653,396 109