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5.1d ERMUSR 02-13-2024
Electric 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 LEG Project Connection Fees Misc Revenue Total Other Revenue Total Revenue Expenses Purchased Power Operating & Mice 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 Prolit(Loss) ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING DECEMBER 2023 2023 2023 2023 YTD 2023 YTD 2023 2022 2022 YTD 2022 v. DECEMBER YTD YTD Budget Bud Var% ANNUAL DECEMBER YTD VARIANCE 2023 Actual BUDGET Variance BUDGET Var% Variance Item 2,433,461 39,485,338 42,041,326 (2,555,988) (6) 42,041,326 3,171,610 37,373,184 2,112,154 6 220,975 3,752,121 3,385,657 366,464 11 3,385,657 302,635 3,351,689 400,432 12 13,068 216,032 238,658 (22,626) (9) 238,658 19,105 203,559 12,473 6 15,042 267,288 285,471 (18,183) (6) 285,471 22,387 249,416 17,872 7 21,674 259,192 260,000 (808) (0) 260,000 21,729 258,671 521 0 400 4,800 4,800 0 0 4,800 (225,320) 900,468 11F' (895,668)-(1) 2,704,619 43,984,771 46,215,912 (2,231,141) (5) 46,215,912 3,312,146 42,336,988 1,647,783 4 46,659 158,310 50,000 108,310 50,000 33,153 (159,502) 317,812 -(2) 19,454 308,374 250,000 58,374 250,000 17,992 284,452 23,922 8 (3) 0 0 0 0 0 0 0 935,004 (935,004) (4) 11,135 151,296 220,000 ■ (68,704)= 220,000 38,575 243,088 (91,792) (5) 232,703 1,496,597 936.231 560.366 936,231 130,902 1,307,320 189,277 14 (6) 309,952 2,114,578 1,456,231 658,347 45 1,456,231 220,622 2,610,362 (495,784) (19) 3,014,571 46,099,348 47,672,143 (1,572,795) (3) 47,672,143 3,532,768 44,947,350 1,151,999 3 2,142,668 31,232,788 32,766,025 (1,533,237) (5) 32,766,025 2,325,352 31,544,604 (311,816) (1) 27,441 315,056 321,000 (5,944) (2) 321,000 36,054 273,671 (7) 0 0 0 0 0 0 (38,905) 519,630 (8) 4,445 63,811 70,000 (6,189) (9) 70,000 5,148 63,953 (142) (0) 31,133 434,319 369,466 369,466 38,390 386,598 47,721 12 (9) 163,413 1,679,313 1,540,500 138,813 9 1,540,500 151,167 1,512,235 167,078 11 275,117 3,177,100 3,220,836 (43,736) (1) 3,220,836 295,010 3,062,751 114,349 4 66,412 810,832 810,832 (0) 0 810,832 69,425 846,309 (35,477) (4) 4,303 68,071 74,109 (6,038) (8) 74,109 348,129 401,008 (10) 34,704 433,494 401,500 31,994 8 401,500 30,580 391,238 42,256 11 319,812 3,795,826 4,128,585 (332,759) (8) 4,128,585 281,386 3,659,777 136,049 4 34,755 388,038 582,609 582,609 24,652 405,767 (17,729) (4) (11) 3,104,204 42,398,647 44,285,462 (1,886,815) (4) 44,285,462 3,566,386 43,067,542 (668,895) (2) 98,038 1,620,378 1,681,653 (61,275) (4) 1,681,653 127,568 1,531,633 88,745 6 18,464 253,564 240,000 13,564 6 240,000 19,563 231,861 21,703 9 116,502 1,873,941 1,921,653 (47,712) (2) 1,921,653 147,131 1,763,493 110,448 6 (206,135) 1,826,760 1,465,028 361,732 25 1,465,028 (180,749) 116,314 1,710,446 1,471 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 conservative budgeted amount. (4) PYTD variance is due to the LEG 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 and misc non -utility and higher than anticipated transmission investment revenue. (7) PYTD variance is mainly due to increased electric & water expense for new field services building in 2023. (8) PYTD variance is due to the LEG Project coming to an end in 2022. (9) YTD Budget 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) PYTD variance is due to Pension Expense being recognized as a year-end audit entry. (11) YTD Budget variance is mainly due to less rebate dollars spent than budgeted. 41