Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
5.1g ERMUSR 06-04-2024
ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING APRIL 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 APRIL YTD BUDGET BUDGET Bud Var% APRIL Electric Revenue Operating Revenue Elk River ELECT SALES - ELK RIVER RESID ELECT SALES - ELK RIVER NON-D ELECT SALES - ELK RIVER DEMA PCA SALES REVENUE - ELK RIVE PCA SALES REVENUE - ELK RIVE PCA SALES REVENUE - ELK RIVE Total For Elk River: Otsego ELECT SALES - OTSEGO RESIDEN ELECT SALES - OTSEGO NON-DEM ELECT SALES - OTSEGO DEMAND PCA SALES REVENUE - OTSEGO R PCA SALES REVENUE - OTSEGO N PCA SALES REVENUE - OTSEGO D Total For Otsego: Rural Big Lake ELECT SALES - BIG LAKE RESIDE ELECT SALES - BIG LAKE NON -DE PCA SALES REVENUE - BIG LAKE PCA SALES REVENUE - BIG LAKE Total For Rural Big Lake: Dayton ELECT SALES - DAYTON RESIDEN ELECTSALES- DAYTON NON -DE PCA SALES REVENUE - DAYTON R PCA SALES REVENUE - DAYTON Total For Dayton: Public St & Hwy Lighting ELECT SALES - SEC LTS Total For Public St & Hwy Lighting: Other Electric Sales SUB -STATION CREDIT 894,891 243,006 1,253,818 80,403 24,218 164,638 2,660,976 102,049 30,631 102,890 9,038 3,096 13,307 261,014 13,163 164 1,199 8 14,535 13,631 2,703 1,203 239 17,778 21,723 21,723 400 4,055,078 1,064,010 5,152,142 327,145 97,242 612,130 11,307,750 455,990 133,586 438,762 35,821 11,986 50,593 1,126,742 61,112 671 4,918 29 66,732 61,674 11,947 4,803 952 79,378 86,852 86,852 1,600 4,377,970 1,163,989 5,688,696 480,224 141,817 927,493 12,780,191 429,117 126,938 326,952 52,446 20,743 65,847 1,022,047 71,266 654 6,861 170 78,953 71,376 11,807 7,163 1,481 91,829 86,666 86,666 1,600 75 2023 YTD 2023 v. 2024 YTD VARIANCE Actual Var% 14,221,539 (7) 927,062 4,240,327 (185,249) 3,634,057 (9) 260,037 1,135,589 (71,578) 19,965,865 (9) 1,368,518 5,369,908 (216,765) 1,485,155 (32) 44,927 297,602 29,542 408,036 (31) 14,014 88,305 8,936 2,970,644 (34) 95,683 541,385 70,744 42,685,299 (12) 2,710,244 11,672,119 (364,369) 1,438,521 6 100,899 453,705 2,285 477,265 5 31,608 132,203 1,383 1,154,078 34 96,891 404,786 33,976 162,572 (32) 4,795 31,159 4,661 58,535 (42) 1,730 10,322 1,664 223,596 (23) 6,842 40,482 10,110 3,514,568 10 242,768 1,072,659 54,082 216,883 (14) 14,225 64,415 (3,302) 4,737 3 163 661 10 21,268 (28) 700 4,545 372 522 (82) 4 25 4 243,411 (15) 15,092 69,648 (2,915) 224,525 (14) 14,560 66,290 (4,616) 41,609 1 2,700 11,431 516 22,385 (33) 690 4,551 252 4,231 (36) 127 783 168 292,751 (14) 18,079 83,056 (3,678) 260,000 0 21,555 86,262 589 260,000 0 21,555 86,262 589 4,800 0 400 1,600 0 (4) (6) (4) 10 10 13 (3) 1 1 8 15 16 25 5 (5) 2 8 20 0 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING APRIL 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric APRIL YTD BUDGET BUDGET Bud Var% APRIL YTD VARIANCE Actual Var% Total For Other Electric Sales: 400 1,600 1,600 4,800 0 400 1,600 0 0 Total Operating Revenue 2,976,428 12,669,055 14,061,288 47,000,831 (10) 3,008,140 12,985,346 (316,291) (2) Other Operating Revenue interest/Dividend Income INTEREST & DIVIDEND INCOME (2,825) 44,897 28,333 85,000 58 14,597 32,498 12,398 38 Total For Interest/Dividend Income: (2,825) 44,897 28,333 85,000 58 14,597 32,498 12,398 38 Customer Penalties CUSTOMER DELINQUENT PENALT 21,215 81,992 95,000 285,000 (14) 21,481 95,359 (13,366) (14) Total For Customer Penalties: 21,215 81,992 95,000 285,000 (14) 21,481 95,359 (13,366) (14) Connection Fees DISCONNECT & RECONNECT CHA 7,855 124,726 45,000 135,000 177 10,020 34,153 90,572 265 Total For Connection Fees: 7,855 124,726 45,000 135,000 177 10,020 34,153 90,572 265 Misc Revenue MISC ELEC REVENUE - TEMP CHG 220 880 1,666 5,000 (47) 440 3,259 (2,379) (73) STREET LIGHT 0 12,600 2,500 10,000 404 0 0 12,600 0 TRANSMISSION INVESTMENTS 41,060 187,492 222,000 666,000 (16) 43,540 198,170 (10,678) (5) MISC NON -UTILITY 9,222 36,895 36,666 110,000 1 17,714 55,064 (18,168) (33) CONTRIBUTIONS FROM CUSTOME 45,122 244,364 75,000 225,000 226 62,528 80,555 163,808 203 Total For Misc Revenue: 95,625 482,232 337,833 1,016,000 43 124,223 337,050 145,192 43 Total Other Revenue 121,870 733,847 506,166 1,521,000 45 170,322 499,061 234,796 47 Total For Total Other Revenue: 121,870 733,947 506,166 1,521,000 45 170,322 499,061 234,786 47 Total Revenue 3,098,298 13,402,902 14,567,454 (8) 3,178,462 13,484,407 48,521,831 (81,504) (1) Expenses Purchased Power PURCHASED POWER 1,476,514 6,199,110 6,780,552 24,250,423 (9) 1,563,950 6,484,895 (285,784) (4) ENERGY ADJUSTMENT CLAUSE 540,376 2,148,137 2,707,113 8,506,023 (21) 446,222 2,222,852 (74,714) (3) Total For Purchased Power: 2,016,891 8,347,248 9,487,665 32,756,447 (12) 2,010,172 8,707,748 (360,499) (4) Operating & Mtee Expense OPERATING SUPERVISION 12,255 46,533 43,666 131,000 7 8,520 40,144 6,389 16 DIESEL OIL FUEL 0 0 3,333 10,000 (100) 729 3,406 (3,406) (100) NATURAL GAS 1,011 11,029 20,800 33,000 (47) 1,490 20,137 (9,108) (45) ELECTRIC & WATER CONSUMPTI 4,229 20,234 24,650 66,000 (18) 4,405 24,210 (3,975) (16) 76 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING APRIL 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric APRIL YTD BUDGET BUDGET Bud Var% APRIL YTD VARIANCE Actual Var% PLANT SUPPLIES & OTHER EXPEN 1,554 4,895 5,000 15,000 (2) 4,766 18,676 (13,781) (74) MISC POWER GENERATION EXPE 0 485 2,666 8,000 (82) 911 2,783 (2,298) (83) MAINTENANCE OF STRUCTURE - 1,491 3,346 7,000 21,000 (52) 549 8,128 (4,782) (59) MTCE OF PLANT ENGINES/GENER 552 2,118 13,000 39,000 (84) 1,601 11,859 (9,740) (82) MTCE OF PLANT/LAND IMPROVE 1,009 14,293 22,500 46,000 (36) 636 20,092 (5,799) (29) Total For Operating & Mtce Expense: 22,106 102,936 142,616 369,000 (28) 23,611 149,440 (46,503) (31) Transmission Expense TRANSMISSION MTCE AND EXPE 5,149 20,628 24,000 72,000 (14) 5,536 20,205 422 2 Total For Transmission Expense: 5,149 20,628 24,000 72,000 (14) 5,536 20,205 422 2 Distribution Expense REMOVE EXISTING SERVICE & M 0 0 666 2,000 (100) 0 542 (542) (100) SCADA EXPENSE 2,952 13,591 15,000 45,000 (9) 2,905 14,083 (492) (3) TRANSFORMER EXPENSE OH & U 1,127 5,786 5,000 15,000 16 1,275 6,114 (328) (5) MTCE OF SIGNAL SYSTEMS 0 349 1,000 3,000 (65) 0 609 (259) (43) METER EXPENSE - REMOVE & RE 0 241 500 1,500 (52) 0 100 140 139 TEMP SERVICE - INSTALL & REM 112 222 2,333 7,000 (90) 651 4,134 (3,911) (95) MISC DISTRIBUTION EXPENSE 50,366 162,760 116,666 350,000 40 26,131 159,236 3,524 2 INTERCONNECTION CARRYING C 0 0 0 2,417 0 0 0 0 0 Total For Distribution Expense: 54,558 182,950 141,166 425,917 30 30,964 184,820 (1,870) (1) Maintenance Expense MTCE OF STRUCTURES 8,488 28,236 16,666 50,000 69 946 12,733 15,502 122 MTCE OF SUBSTATIONS 0 6,402 12,000 36,000 (47) 2,996 16,205 (9,802) (60) MTCE OF SUBSTATION EQUIPME 23,838 52,961 26,333 79,000 101 7,090 14,399 38,562 268 MTCE OF OH LINES/TREE TRIM 21,068 205,330 175,000 230,000 17 30,221 166,134 39,195 24 MTCE OF OH LINES/STANDBY 4,039 14,317 13,333 40,000 7 2,982 11,783 2,533 21 MTCE OF OH PRIMARY 5,761 45,712 56,666 170,000 (19) 14,318 54,273 (8,561) (16) MTCE OF URD PRIMARY 33,369 65,262 73,333 220,000 (11) 15,060 43,228 22,034 51 LOCATE ELECTRIC LINES 8,662 25,599 36,666 110,000 (30) 8,989 19,798 5,801 29 LOCATE FIBER LINES 70 473 500 1,500 (5) 0 33 439 1,294 MTCE OF LINE TRANSFORMERS 2,649 11,336 20,000 60,000 (43) 737 3,640 7,696 211 MTCE OF STREET LIGHTING 3,114 21,064 16,666 50,000 26 3,054 9,626 11,438 119 MTCE OF SECURITY LIGHTING 2,416 7,323 5,000 15,000 46 2,790 7,104 218 3 MTCE OF METERS 7,474 26,628 26,666 80,000 0 4,024 19,638 6,989 36 VOLTAGE COMPLAINTS 777 1,848 4,000 12,000 (54) 505 3,692 (1,844) (50) SALARIES TRANSMISSION & DIST 2,660 10,147 10,000 30,000 1 2,001 9,301 846 9 77 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING APRIL 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric APRIL YTD BUDGET BUDGET Bud Var% APRIL YTD VARIANCE Actual Var% ELECTRIC MAPPING 10,114 82,754 33,333 100,000 148 12,744 67,022 15,731 23 MTCE OF OH SECONDARY 1,015 4,745 8,333 25,000 (43) 2,088 6,452 (1,706) (26) MTCE OF URD SECONDARY 4,806 14,794 20,000 60,000 (26) 2,943 13,112 1,682 13 TRANSPORTATION EXPENSE 25,986 120,714 100,000 300,000 21 23,122 117,899 2,814 2 Total For Maintenance Expense: 166,315 745,653 654,500 1,668,500 14 136,607 596,080 149,572 25 Depreciation & Amortization DEPRECIATION 219,859 877,539 913,160 2,439,475 8 208,332 833,979 43,559 5 AMORTIZATION 55,677 222,711 222,712 668,136 0 55,677 222,711 0 0 Total For Depreciation & Amortization: 275,536 1,100,251 1,035,872 3,107,611 6 264,010 1,056,691 43,559 4 Interest Expense INTEREST EXPENSE - BONDS 70,163 281,889 281,889 845,673 0 73,213 294,052 (12,162) (4) AMORTIZATION OF DEBT DISCOU (4,988) (19,954) (19,954) (59,863) 0 (4,988) (19,954) 0 0 Total For Interest Expense: 65,174 261,935 261,935 785,810 0 68,224 274,098 (12,162) (4) Other Operating Expense EV CHARGING EXPENSE 287 874 1,033 3,100 (15) 187 394 480 122 LOSS ON DISPOSITION OF PROP (C 0 4,105 0 155,800 0 0 0 4,105 0 OTHER DONATIONS 0 0 1,000 3,000 (100) 0 0 0 0 PENSION EXPENSE 0 0 0 295,000 0 0 0 0 0 OTHER INTEREST EXPENSE 0 0 0 0 0 0 378 (378) (100) INTEREST EXPENSE - METER DEP 4,761 18,877 16,666 50,000 13 3,970 15,700 3,177 20 Total For Other Operating Expense: 5,049 23,857 18,700 506,900 28 4,157 16,472 7,395 45 Customer Accounts Expense METER READING EXPENSE 3,263 12,349 15,666 47,000 (21) 3,319 12,433 (83) (1) DISCONNECURECONNECT EXPEN 651 2,923 7,333 22,000 (60) 1,353 5,473 (2,549) (47) MISC CUSTOMER ACCOUNTS EXP 27,521 111,552 115,000 345,000 (3) 31,180 111,414 138 0 BAD DEBT EXPENSE & RECOVER 3,305 6,163 8,333 25,000 (26) 2,478 4,292 1,870 44 Total For Customer Accounts Expense: 34,741 132,988 146,333 439,000 (9) 38,332 133,613 (624) 0 Administrative Expense SALARIES OFFICE & COMMISSION 79,764 297,685 302,666 908,000 (2) 63,316 268,991 28,694 11 TEMPORARY STAFFING 0 0 1,333 4,000 (100) 0 0 0 0 OFFICE SUPPLIES 5,976 28,725 41,666 125,000 (31) 9,007 47,003 (18,278) (39) ELECTRIC & WATER CONSUMPTI 2,138 8,301 13,333 40,000 (38) 2,187 8,935 (633) (7) BANK FEES 419 863 833 2,500 4 130 590 272 46 LEGAL FEES 1,526 3,856 10,000 30,000 (61) 960 8,068 (4,212) (52) AUDITING FEES 840 5,760 7,333 22,000 (21) 2,583 7,453 (1,693) (23) 11 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING APRIL 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric APRIL YTD BUDGET BUDGET Bud Var% APRIL YTD VARIANCE Actual Var% INSURANCE 15,414 61,976 63,333 190,000 (2) 21,996 71,065 (9,089) (13) UTILITY SHARE - DEFERRED COM 10,388 60,149 40,000 120,000 50 10,103 61,510 (1,360) (2) UTILITY SHARE - MEDTCAUDENT 59,897 366,226 371,454 870,000 (1) 59,133 360,643 5,583 2 UTILITY SHARE - PERA 25,049 98,521 100,666 302,000 (2) 26,619 96,634 1,887 2 UTILITY SHARE - FICA 24,195 94,773 98,333 295,000 (4) 25,790 92,834 1,938 2 EMPLOYEE SICK PAY 12,191 40,994 55,000 165,000 (25) 9,503 66,367 (25,373) (38) EMPLOYEE HOLIDAY PAY 0 45,863 46,909 172,000 (2) 0 43,372 2,490 6 EMPLOYEE VACATION & PTO PA 21,614 125,663 104,818 275,000 20 18,674 110,998 14,665 13 UPMIC DISTRIBUTION 0 29,968 25,250 101,000 19 (1,704) 18,817 11,151 59 LONGEVITY PAY 0 0 0 6,964 0 0 1,923 (1,923) (100) CONSULTING FEES 8,248 25,568 32,533 97,600 (21) 0 0 25,568 0 TELEPHONE 2,917 11,668 12,666 38,000 (8) 3,107 12,883 (1,215) (9) ADVERTISING 482 4,514 6,333 19,000 (29) 1,023 4,873 (358) (7) DUES & SUBSCRIPTIONS - FEES 18,864 41,956 45,844 137,533 (8) 9,504 38,844 3,111 8 SCHOOLS & MEETINGS 23,725 79,120 98,000 274,894 (19) 31,168 74,592 4,528 6 MTCE OF GENERAL PLANT & OFFI 845 3,380 4,333 13,000 (22) 1,002 4,010 (630) (16) Total For Administrative Expense: 314,498 1,435,539 1,482,642 4,208,492 (3) 294,108 1,400,417 35,122 3 General Expense CIP REBATES - RESIDENTIAL 4,434 24,044 30,252 90,758 (21) 3,105 13,320 10,724 81 CIP REBATES - COMMERCIAL 4,646 21,227 37,333 112,000 (43) 5,106 32,499 (11,271) (35) CIP - ADMINISTRATION 12,482 49,330 60,988 182,965 (19) 528 4,187 45,143 1,078 CIP - MARKETING 14,429 23,062 17,078 51,235 35 5,421 14,538 8,523 59 CIP - LABOR 8,549 35,272 44,607 133,822 (21) 10,622 47,764 (12,492) (26) CIP REBATES - LOW INCOME 1,602 1,602 6,240 18,720 (74) 0 4,270 (2,667) (62) CIP - LOW INCOME LABOR 828 3,196 3,333 10,000 (4) 810 3,464 (268) (8) ENVIRONMENTAL COMPLIANCE 2,617 10,247 11,666 35,000 (12) 33 7,758 2,488 32 MISC GENERAL EXPENSE (81) (401) 833 2,500 (148) 332 6,179 (6,581) (107) Total For General Expense: 49,510 167,582 212,333 637,000 (21) 25,960 133,982 33,599 25 Total Expenses(before Operating Transfers) 3,009,532 12,521,573 13,607,765 44,976,678 (8) 2,901,685 12,673,570 (151,997) (1) Operating Transfer Operating Transfer/Other Funds TRANSFER TO CITY ELK RIVER R 107,140 455,113 511,207 1,707,411 (11) 114,366 502,268 (47,154) (9) Total For Operating Transfer/Other Funds: 107,140 455,113 511,207 1,707,411 (11) 114,366 502,268 (47,154) (9) Utilities & Labor Donated 79 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING APRIL 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric APRIL YTD BUDGET BUDGET Bud Var% APRIL YTD VARIANCE Actual Var% UTILITIES & LABOR DONATED TO 17,737 73,002 88,000 264,000 (17) 47,341 105,468 (32,466) (31) Total For Utilities & Labor Donated: 17,737 73,002 88,000 264,000 (17) 47,341 105,468 (32,466) (31) Total Operating Transfer Total For Total Operating Transfer: 124,877 528,116 599,207 1,971,411 (12) 161,707 607,737 (79,621) (13) Net IncomeProfit(Loss) (36,111) 353,213 360,481 1,573,740 (2) 115,069 203,100 150,113 74