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5.1e ERMUSR 02-13-2024
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 Profit(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 142,554 3,305,147 2,503,414 801,733 2,503,414 150,156 2,887,276 417,872 14 (1) 142,554 3,305,147 2,503,414 801,733 32 2,503,414 150,156 2,887,276 417,872 14 13,726 58,447 36,500 21,947 - 36,500 9,529 (29,455) (2) 961 23,118 28,000 (4,882) (17) 28,000 1,023 26,194 (3,077) (12) 25,351 309,075 518,000 I (208,925)_ 518,000 18,728 1,623,295 (3) 89.348 106.184 376.034 4 (269.850) 376.034 L08&898 1.364.163 (4) 271,940 3,801,970 3,461,948 340,022 10 3,461,948 1,268,335 5,871,473 (2,069,503) (35) 9,176 104,829 90,000 14,829 16 90,000 16,833 114,397 (9,569) (8) 25,688 563,051 603,000 (39,949) (7) 603,000 50,755 566,684 (3,633) (1) 12,915 318,338 337,650 (19,312) (6) 337,650 27,216 305,583 12,755 4 98,880 1,172,659 1,202,937 (30,278) (3) 1,202,937 104,278 1,117,357 55,302 5 2,912 36,349 36,349 0 0 36,349 3,112 39,720 (3,371) (8) 107 3,234 2,470 764 31 2,470 78,294 80,954 (5) 7,851 88,625 84,370 4,255 5 84,370 6,851 81,285 7,340 9 69,797 917,672 1,032,655 (114,983) (11) 1,032,655 59,298 904,027 13,644 2 (597) 4,136 18,650 (14,514) (78) 18,650 416 7,529 (3,393) (45) 226,730 3,208,892 3,408,081 (199,189) (6) 3,408,081 347,053 3,217,536 (8,645) (0) 0 0 1,500 (1,500) (100) 1,500 0 540 (540) (100) 0 0 1,500 (1,500) (100) 1,500 0 540 (540) (100) 45210 593,079 52367 540.712 L033 52,367 921.282 1653397 (2,060318) (78) Item Variance of+/- $15,000 and+/- 15% (1) YTD Budget variance is due to usage being higher than budgeted. (2) YTD Budget variance is due to conservative budgeted amount. 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) YTD Budget variance is due to Water Tower lease revenue being recognized as year-end audit entry. PYTD variance is due to Contribution from Developers (2023 not booked yet) and Water Tower lease revenue being recognized annually in 2023 vs monthly in 2022 (GASB 87). (5) PYTD variance is due to Pension Expense being recognized as a year-end audit entry. sfl