5.2d EMRUSR 07-09-2024Electric
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 MAY 2024
2024 2024 2024 YTD 2024 YTD 2024 2023 2023 YTD 2023 v. 2024 Variance
MAY YTD YTD Budget Bud Var%o ANNUAL MAY YTD VARIANCE Actual Vat% Item
BUDGET Variance BUDGET
2,951,826
14,259,576
15,745,257
(1,485,681)
-9%
42,685,299
2,850,363
14,522,483
(262,907)
-2%
302,591
1,429,333
1,249,253
180,080
14%
3,514,568
250,614
1,323,274
106,059
8%
16,187
82,920
94,602
(11,682)
-12%
243,412
14,375
84,023
(1,103)
-1%
19,541
98,919
110,581
(11,662)
-11%
292,752
17,689
100,746
(1,826)
-2%
21,740
108,592
108,333
258
0%
260,000
21,545
107,807
784
1%
400
2,000
2,000
0
0%
4,800
400
2,000
0
0%
3,312,285
15,981,340
17,310,027
(1,328,686)
-8%
47,000,831
3,154,986
16,140,333
(158,993)
-1%
22,706
67,603
35,417 =
32,186 -
85,000
(1,512)
30,987
36,616 -(1)
20,266
102,258
118,750
(16,492) -14%
285,000
23,860
119,219
(16,961) -14%
ff
M(3)
218,408
700,641
421,6677
278,974M
1,016,000
139,903
476,953
223.6877
267,080
1,000,928
632,083
368,844 58%
1,521,000
174,515
673,576
327,352 49%
3,579,365
16,982,268
17,942,110
(959,842) -5%
48,521,831
3,329,501
16,813,908
168,359 1%
2,312,628
10,659,877
11,701,066
(1,041,189)
-9%
32,756,447
2,639,791
11,347,539
(687,662)
-6%
18,886
121,822
167,183
(45,361)�
369,000
21,752
171,192
(49,370)�(4)
4,846
25,474
30,000
(4,526)
-15%
72,000
6,214
26,419
(945)
-4%
38,771
221,722
176,458
45,26�
425,917
35,953
220,773
948
0% (5)
125,053
870,706
775,375
95,331
12%
1,668,500
134,470
730,551 140,155'(6)
275,722
1,375,973
1,294,840
81,133
6%
3,107,612
264,134
1,320,825
55,148
4%
65,175
327,110
327,110
0
0%
785,810
68,225
342,323
(15,213)
-4%
5,046
28,904
23,375
5,529
24%
506,900
4,295
20,767
8,137
39%
36,969
169,958
182,917
(12,959)
-7%
439,000
53,217
186,830
(16,873)
-9%
316,003
1,751,542
1,816,603
(65,061)
-4%
4,208,492
308,565
1,708,982
42,560
2%
35,965
203,547
265,417
(61,869)
-
637,000
22,117
156,100
47,447�(7)
3,235,062
15,756,635
16,760,344
(1,003,708)
-6%
44,976,679
3,558,732
16,232,302
(475,667)
-3%
118,775
573,889
629,810
(55,922)
-9%
1,707,412
114,711
616,979
(43,091) -7%
18,637
91,640
110,000
(18,360)
-17%
264,000
18,305
123,773 r
(32,(8)
137,412
665,528
739,810
(74,282)
-10%
1,971,412
133,015
740,752
(75,224) -10%
206,891
560,104
441,956
118,148
27%
1,573,740
(362,246)
(159,146)
719,250 452%
Item Variance of+/- $25,000 and+/- 15%
(1) YTD budget variance is due to conservative budgeted amount. PYTD variance is due to the change in Fair Market Value of Investments. Also note that more funds were transferred to UBS in May 2024.
(2) YTD budget and PYTD variance due to large a large connection agreement in January 2024.
(3) YTD budget and PTYD variance is mainly due to Contributions from Customers having a couple large SOW for transformers for additional service and/or upgrade.
(4) 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).
(5) YTD budget variance is mainly due to Misc Distribution (labor).
(6) 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.
(7) 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.
(8) PYTD variance is due to Furniture & Things energy audit in 2023.
147