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5.1d ERMUSR 06-04-2024
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 Connection Fees Misc Revenue Total Other Revenue Total Revenue Expenses Purchased Power Operating & Mtce Expense 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 Proliit(Loss) ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING APRIL 2024 2024 2024 2024 YTD 2024 YTD 2024 2023 2023 YTD 2023 V. 2024 Variance APRIL YTD YTD Budget Bud Var%o ANNUAL APRIL YTD VARIANCE Actual Vat% Item BUDGET Variance BUDGET 2,660,977 11,307,750 12,780,191 (1,472,441) -12% 42,685,299 2,710,245 11,672,120 (364,369) -3% 261,015 1,126,742 1,022,048 104,695 10% 3,514,568 242,768 1,072,660 54,082 5% 14,535 66,733 78,953 (12,221) -15% 243,412 15,093 69,648 (2,915) -4% 17,779 79,378 91,830 (12,451) -14% 292,752 18,079 83,057 (3,678) -4% 21,723 86,852 86,667 185 0% 260,000 21,555 86,263 589 1% 400 1,600 1,600 0 0% 4,800 400 1,600 0 0% 2,976,428 12,669,055 14,061,288 (1,392,233) -10% 47,000,831 3,008,140 12,985,347 (316,292) -2% (2,825) 44,897 28,333 16,564 58% 85,000 14,598 32,499 12,398 38% 21,216 81,992 95,000 (13,008) -14% 285,000 21,481 95,359 (13,367) -14% 7,855 124,726 45,000 79,726 135,000 10,020 34,153 90,573 (1) 95,625 482,232 337,833 144,399 1,016,000 124,223 337,050 145,182 (2) 121,871 733,848 506,167 227,681 45% 1,521,000 170,322 499,061 234,787 47% 3,098,299 13,402,903 14,567,455 (1,164,552) -8% 48,521,831 3,178,463 13,484,408 (81,505) -1% 2,016,891 8,347,249 9,487,665 (1,140,416) -12% 32,756,447 2,010,173 8,707,748 (360,499) -4% 22,106 102,937 142,617 (39,680)- 369,000 23,611 149,440 (46,504) -(3) 5,150 20,629 24,000 (3,371) -14% 72,000 5,536 20,206 423 2% 54,558 182,950 141,167 41,784� 425,917 30,964 184,821 (1,870) -1%(4) 166,316 745,654 654,500 91,154 14% 1,668,500 136,607 596,081 JW 149,57�(5) 275,536 1,100,251 1,035,872 64,379 6% 3,107,612 264,010 1,056,692 43,560 4% 65,175 261,936 261,936 0 0% 785,810 68,225 274,098 (12,163) -4% 5,050 23,858 18,700 5,158 28% 506,900 4,158 16,472 7,386 45% 34,742 132,989 146,333 (13,345) -9% 439,000 38,332 133,613 (624) 0% 314,498 1,435,539 1,482,643 (47,104) -3% 4,208,492 294,109 1,400,417 35,122 3% 49,511 167,582 212,333 637,000 25,960 133,983 L 33,60Q -(6) 3,009,533 12,521,573 13,607,766 (1,086,192) -8% 44,976,679 2,901,686 12,673,570 (151,997) -1% 107,140 455,114 511,208 (56,094) -11% 1,707,412 114,366 502,268 (47,155) -9% 17,738 73,003 88,000 (14,997) -17% 264,000 47,342 105,469 NEW' (32,466)-(7) 124,878 528,116 599,208 (71,091) -12% 1,971,412 161,708 607,737 (79,621) -13% (36,112) 353,213 360,482 (7,268) -2% 1,573,740 115,069 203,100 150,113 74% Item Variance of+/- $25,000 and+/- 15% (1) YTD budget and PYTD variance due to large a large connection agreement in January 2024. (2) YTD budget and PTYD variance is mainly due to Contributions from Customers having a large SOW for transformers for additional service. (3) YTD budget variance is mainly due to natural gas expense and labor expense for Mtce of Plant Engines and Mtce of Plant/Land Improvement. PYTD variance is mainly due to plant supplies and natural gas expense (due to new FSB), and Mtce of Plant Engines (labor). (4) YTD budget variance is mainly due to an even budget spread for Misc Distribution (labor). (5) PYTD variance is mainly due to increased tree trimming expense (contractors and ERMU labor), increased 2024 labor expense for: Mtce of Substation Equipment, Mtce of URD Primary, and Electric Mapping. (6) YTD budget variance is mainly due to timing of rebates and the budget having an even spread. PYTD variance is due to professional services from Frontier Energy in 2024. (7) PYTD variance is due to Furniture & Things energy audit in 2023. AN