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5.2g EMRUSR 07-09-2024
ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING MAY 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 MAY YTD BUDGET BUDGET Bud Var% MAY 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 987,429 262,271 1,402,468 89,635 26,304 183,716 2,951,825 113,880 37,189 121,091 10,223 3,849 16,355 302,591 14,631 195 1,348 11 16,187 14,969 2,962 1,341 268 19,541 21,739 21,739 400 5,042,507 1,326,282 6,554,611 416,780 123,547 795,846 14,259,576 569,871 170,776 559,854 46,045 15,836 66,948 1,429,333 75,744 866 6,267 41 82,919 76,643 14,910 6,145 1,220 98,919 108,591 108,591 2,000 5,264,533 1,407,595 7,178,372 573,268 170,697 1,150,790 15,745,256 518,924 156,271 404,281 62,608 24,968 82,199 1,249,253 85,388 817 8,191 205 94,602 85,626 14,620 8,551 1,783 110,581 108,333 108,333 2,000 154 2023 YTD 2023 v. 2024 YTD VARIANCE Actual Var% 14,221,539 (4) 858,689 5,099,017 (56,509) 3,634,057 (6) 237,662 1,373,251 (46,969) 19,965,865 (9) 1,405,934 6,774,943 (220,231) 1,485,155 (27) 94,899 392,501 24,279 408,036 (28) 29,213 117,518 6,028 2,970,644 (31) 223,964 765,350 30,495 42,685,299 (9) 2,850,363 14,522,483 (262,906) 1,438,521 10 94,953 548,659 21,212 477,265 9 30,548 162,751 8,024 1,154,078 38 95,736 500,523 59,331 162,572 (26) 10,304 41,463 4,581 58,535 (37) 3,859 14,181 1,654 223,596 (19) 15,212 55,694 11,253 3,514,568 14 250,614 1,323,274 106,059 216,883 (11) 12,763 77,179 (1,435) 4,737 6 164 826 40 21,268 (23) 1,435 5,981 285 522 (80) 10 35 6 243,411 (12) 14,374 84,022 (1,102) 224,525 (10) 13,234 79,524 (2,881) 41,609 2 2,722 14,153 756 22,385 (28) 1,432 5,983 161 4,231 (32) 300 1,083 136 292,751 (11) 17,688 100,745 (1,826) 260,000 0 21,544 107,807 784 260,000 0 21,544 107,807 784 4,800 0 400 2,000 0 (1) (3) (3) 6 5 4 (2) 4 5 12 11 12 20 8 (2) 5 5 20 0 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING MAY 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric MAY YTD BUDGET BUDGET Bud Var% MAY YTD VARIANCE Actual Var% Total For Other Electric Sales: 400 2,000 2,000 4,800 0 400 2,000 0 0 Total Operating Revenue 3,312,285 15,981,340 17,310,026 47,000,831 (8) 3,154,986 16,140,332 (158,992) (1) Other Operating Revenue interest/Dividend Income INTEREST & DIVIDEND INCOME 22,705 67,602 35,416 85,000 91 (1,511) 30,987 36,615 118 Total For Interest/Dividend Income: 22,705 67,602 35,416 85,000 91 (1,511) 30,987 36,615 118 Customer Penalties CUSTOMER DELINQUENT PENALT 20,266 102,258 118,750 285,000 (14) 23,859 119,218 (16,960) (14) Total For Customer Penalties: 20,266 102,258 118,750 285,000 (14) 23,859 119,218 (16,960) (14) Connection Fees DISCONNECT & RECONNECT CHA 5,700 130,426 56,250 135,000 132 12,263 46,416 84,009 181 Total For Connection Fees: 5,700 130,426 56,250 135,000 132 12,263 46,416 84,009 181 Misc Revenue MISC ELEC REVENUE - TEMP CHG 0 880 2,083 5,000 (58) 1,855 5,114 (4,234) (83) STREET LIGHT 0 12,600 2,500 10,000 404 1,800 1,800 10,800 600 TRANSMISSION INVESTMENTS 45,144 232,637 277,500 666,000 (16) 59,922 258,092 (25,455) (10) MISC NON -UTILITY 7,644 44,540 45,833 110,000 (3) 8,486 63,551 (19,010) (30) CONTRIBUTIONS FROM CUSTOME 165,618 409,983 93,750 225,000 337 67,839 148,394 261,588 176 Total For Misc Revenue: 218,408 700,640 421,666 1,016,000 66 139,903 476,953 223,697 47 Total Other Revenue 267,080 1,000,927 632,083 1,521,000 58 174,514 673,575 327,352 49 Total For Total Other Revenue: 267,080 1,000,927 632,083 1,521,000 58 174,514 673,575 327,352 49 Total Revenue 3,579,365 16,982,267 17,942,109 (5) 3,329,500 16,813,908 48,521,831 168,359 1 Expenses Purchased Power PURCHASED POWER 1,611,302 7,810,413 8,391,293 24,250,423 (7) 1,850,523 8,335,418 (525,004) (6) ENERGY ADJUSTMENT CLAUSE 701,324 2,849,462 3,309,771 8,506,023 (14) 789,267 3,012,120 (162,657) (5) Total For Purchased Power: 2,312,627 10,659,876 11,701,065 32,756,447 (9) 2,639,790 11,347,538 (687,662) (6) Operating & Mtee Expense OPERATING SUPERVISION 11,289 57,823 54,583 131,000 6 11,030 51,174 6,648 13 DIESEL OIL FUEL 159 159 4,166 10,000 (96) 250 3,657 (3,497) (96) NATURAL GAS 388 11,417 21,200 33,000 (46) 335 20,473 (9,055) (44) ELECTRIC & WATER CONSUMPTI 3,911 24,145 29,650 66,000 (19) 4,541 28,752 (4,606) (16) 155 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING MAY 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric MAY YTD BUDGET BUDGET Bud Var% MAY YTD VARIANCE Actual Var% PLANT SUPPLIES & OTHER EXPEN 216 5,111 6,250 15,000 (18) 1,628 20,304 (15,193) (75) MISC POWER GENERATION EXPE 0 485 3,333 8,000 (85) 409 3,192 (2,707) (85) MAINTENANCE OF STRUCTURE - 1,330 4,677 8,750 21,000 (47) 1,989 10,118 (5,440) (54) MTCE OF PLANT ENGINES/GENER 1,215 3,334 16,250 39,000 (79) 1,314 13,173 (9,839) (75) MTCE OF PLANT/LAND IMPROVE 373 14,667 23,000 46,000 (36) 252 20,344 (5,677) (28) Total For Operating & Mtce Expense: 18,885 121,822 167,183 369,000 (27) 21,752 171,192 (49,370) (29) Transmission Expense TRANSMISSION MTCE AND EXPE 4,845 25,474 30,000 72,000 (15) 6,213 26,419 (945) (4) Total For Transmission Expense: 4,845 25,474 30,000 72,000 (15) 6,213 26,419 (945) (4) Distribution Expense REMOVE EXISTING SERVICE & M 0 0 833 2,000 (100) 0 542 (542) (100) SCADA EXPENSE 2,863 16,454 18,750 45,000 (12) 2,883 16,966 (512) (3) TRANSFORMER EXPENSE OH & U 1,083 6,869 6,250 15,000 10 1,302 7,417 (548) (7) MTCE OF SIGNAL SYSTEMS 333 682 1,250 3,000 (45) 557 1,166 (483) (41) METER EXPENSE - REMOVE & RE 0 241 625 1,500 (61) 902 1,002 (761) (76) TEMP SERVICE - INSTALL & REM 0 222 2,916 7,000 (92) 681 4,815 (4,593) (95) MISC DISTRIBUTION EXPENSE 34,491 197,252 145,833 350,000 35 29,625 188,862 8,389 4 INTERCONNECTION CARRYING C 0 0 0 2,417 0 0 0 0 0 Total For Distribution Expense: 38,771 221,721 176,458 425,917 26 35,952 220,773 948 0 Maintenance Expense MTCE OF STRUCTURES 8,470 36,706 20,833 50,000 76 9,970 22,704 14,001 62 MTCE OF SUBSTATIONS 69 6,471 15,000 36,000 (57) 1,954 18,159 (11,697) (64) MTCE OF SUBSTATION EQUIPME 9,515 62,477 32,916 79,000 90 7,694 22,094 40,383 183 MTCE OF OH LINES/TREE TRIM 311 205,641 176,000 230,000 17 1,337 167,472 38,169 23 MTCE OF OH LINES/STANDBY 3,111 17,428 16,666 40,000 5 3,159 14,943 2,485 17 MTCE OF OH PRIMARY 17,028 62,740 70,833 170,000 (11) 14,195 68,468 (5,727) (8) MTCE OF URD PRIMARY 24,002 89,265 91,666 220,000 (3) 27,627 70,855 18,410 26 LOCATE ELECTRIC LINES 11,421 37,020 45,833 110,000 (19) 13,008 32,806 4,213 13 LOCATE FIBER LINES 52 526 625 1,500 (16) 101 134 391 290 MTCE OF LINE TRANSFORMERS 2,283 13,620 25,000 60,000 (46) 4,147 7,787 5,833 75 MTCE OF STREET LIGHTING 3,930 24,995 20,833 50,000 20 4,308 13,934 11,061 79 MTCE OF SECURITY LIGHTING 1,388 8,711 6,250 15,000 39 1,081 9,186 525 6 MTCE OF METERS 6,941 33,569 33,333 80,000 1 3,918 23,556 10,013 43 VOLTAGE COMPLAINTS 289 2,137 5,000 12,000 (57) 1,231 4,923 (2,786) (57) SALARIES TRANSMISSION & DIST 2,761 12,908 12,500 30,000 3 2,635 11,936 972 8 156 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING MAY 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric MAY YTD BUDGET BUDGET Bud Var% MAY YTD VARIANCE Actual Var% ELECTRIC MAPPING 6,019 88,773 41,666 100,000 113 5,029 72,052 16,721 23 MTCE OF OH SECONDARY 2,560 7,305 10,416 25,000 (30) 1,519 7,971 (665) (8) MTCE OF URD SECONDARY 4,874 19,669 25,000 60,000 (21) 5,914 19,027 642 3 TRANSPORTATION EXPENSE 20,020 140,734 125,000 300,000 13 25,634 143,534 (2,800) (2) Total For Maintenance Expense: 125,052 870,706 775,375 1,668,500 12 134,470 730,550 140,155 19 Depreciation & Amortization DEPRECIATION 220,043 1,097,583 1,016,450 2,439,475 8 208,455 1,042,435 55,147 5 AMORTIZATION 55,677 278,389 278,390 668,136 0 55,677 278,389 0 0 Total For Depreciation & Amortization: 275,721 1,375,973 1,294,840 3,107,611 6 264,133 1,320,825 55,147 4 Interest Expense INTEREST EXPENSE - BONDS 70,163 352,052 352,052 845,673 0 73,213 367,265 (15,212) (4) AMORTIZATION OF DEBT DISCOU (4,988) (24,942) (24,942) (59,863) 0 (4,988) (24,942) 0 0 Total For Interest Expense: 65,174 327,110 327,110 785,810 0 68,224 342,322 (15,212) (4) Other Operating Expense EV CHARGING EXPENSE 230 1,105 1,291 3,100 (14) 211 605 500 83 LOSS ON DISPOSITION OF PROP (C 0 4,105 0 155,800 0 0 0 4,105 0 OTHER DONATIONS 0 0 1,250 3,000 (100) 108 108 (108) (100) 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 4,815 23,693 20,833 50,000 14 3,975 19,675 4,017 20 Total For Other Operating Expense: 5,046 28,904 23,375 506,900 24 4,295 20,767 8,137 39 Customer Accounts Expense METER READING EXPENSE 3,900 16,250 19,583 47,000 (17) 4,030 16,464 (213) (1) DISCONNECURECONNECT EXPEN 2,203 5,126 9,166 22,000 (44) 2,843 8,316 (3,189) (38) MISC CUSTOMER ACCOUNTS EXP 30,712 142,264 143,750 345,000 (1) 26,854 138,268 3,996 3 BAD DEBT EXPENSE & RECOVER 152 6,315 10,416 25,000 (39) 19,488 23,781 (17,465) (73) Total For Customer Accounts Expense: 36,968 169,957 182,916 439,000 (7) 53,217 186,830 (16,872) (9) Administrative Expense SALARIES OFFICE & COMMISSION 77,450 375,136 378,333 908,000 (1) 69,460 338,451 36,685 11 TEMPORARY STAFFING 0 0 1,666 4,000 (100) 0 0 0 0 OFFICE SUPPLIES 5,629 34,355 52,083 125,000 (34) 9,314 56,317 (21,962) (39) ELECTRIC & WATER CONSUMPTI 2,278 10,580 16,666 40,000 (37) 2,923 11,858 (1,278) (11) BANK FEES 225 1,089 1,041 2,500 5 157 748 340 45 LEGAL FEES 979 4,836 12,500 30,000 (61) 2,563 10,632 (5,796) (55) AUDITING FEES 1,640 7,400 9,166 22,000 (19) 1,623 9,076 (1,676) (18) 157 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING MAY 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric MAY YTD BUDGET BUDGET Bud Var% MAY YTD VARIANCE Actual Var% INSURANCE 15,414 77,390 79,166 190,000 (2) 22,723 93,788 (16,398) (17) UTILITY SHARE - DEFERRED COM 9,289 69,439 50,000 120,000 39 9,527 71,037 (1,598) (2) UTILITY SHARE - MEDTCAUDENT 59,900 426,127 433,772 870,000 (2) 57,958 418,602 7,524 2 UTILITY SHARE - PERA 32,185 130,707 125,833 302,000 4 24,508 121,143 9,564 8 UTILITY SHARE - FICA 32,076 126,849 122,916 295,000 3 24,603 117,438 9,411 8 EMPLOYEE SICK PAY 9,681 50,676 68,750 165,000 (26) 10,631 76,999 (26,323) (34) EMPLOYEE HOLIDAY PAY 14,362 60,225 62,545 172,000 (4) 13,371 56,743 3,492 6 EMPLOYEE VACATION & PTO PA 21,206 146,870 126,090 275,000 16 19,080 130,079 16,791 13 UPMIC DISTRIBUTION (2,883) 27,085 25,250 101,000 7 0 18,817 8,268 44 LONGEVITY PAY 1,680 1,680 1,680 6,964 0 0 1,923 (243) (13) CONSULTING FEES 2,386 27,954 40,666 97,600 (31) 3,415 3,415 24,539 719 TELEPHONE 2,920 14,588 15,833 38,000 (8) 3,024 15,908 (1,319) (8) ADVERTISING 1,617 6,131 7,916 19,000 (23) 1,161 6,035 96 2 DUES & SUBSCRIPTIONS - FEES 10,537 52,493 57,305 137,533 (8) 10,208 49,053 3,440 7 SCHOOLS & MEETINGS 16,578 95,699 122,000 274,894 (22) 21,304 95,896 (197) 0 MTCE OF GENERAL PLANT & OFFI 845 4,225 5,416 13,000 (22) 1,002 5,013 (788) (16) Total For Administrative Expense: 316,002 1,751,542 1,816,602 4,208,492 (4) 308,564 1,708,981 42,560 2 General Expense CIP REBATES - RESIDENTIAL 10,040 34,084 37,815 90,758 (10) 3,005 16,325 17,759 109 CIP REBATES - COMMERCIAL 0 21,227 46,666 112,000 (55) 1,800 34,299 (13,071) (38) CIP - ADMINISTRATION 10,022 59,352 76,235 182,965 (22) 394 4,581 54,771 1,196 CIP - MARKETING 1,699 24,762 21,347 51,235 16 3,730 18,269 6,493 36 CIP - LABOR 8,209 43,481 55,759 133,822 (22) 12,493 60,258 (16,776) (28) CIP REBATES - LOW INCOME 0 1,602 7,800 18,720 (79) 0 4,270 (2,667) (62) CIP - LOW INCOME LABOR 787 3,983 4,166 10,000 (4) 789 4,253 (270) (6) ENVIRONMENTAL COMPLIANCE 2,617 12,864 14,583 35,000 (12) 35 7,793 5,071 65 MISC GENERAL EXPENSE 2,588 2,186 1,041 2,500 110 (130) 6,049 (3,863) (64) Total For General Expense: 35,964 203,547 265,416 637,000 (23) 22,117 156,100 47,447 30 Total Expenses(before Operating Transfers) 3,235,062 15,756,635 16,760,343 44,976,678 (6) 3,558,731 16,232,301 (475,666) (3) Operating Transfer Operating Transfer/Other Funds TRANSFER TO CITY ELK RIVER R 118,774 573,888 629,810 1,707,411 (9) 114,710 616,979 (43,090) (7) Total For Operating Transfer/Other Funds: 118,774 573,888 629,810 1,707,411 (9) 114,710 616,979 (43,090) (7) Utilities & Labor Donated 158 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING MAY 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric MAY YTD BUDGET BUDGET Bud Var% MAY YTD VARIANCE Actual Var% UTILITIES & LABOR DONATED TO 18,636 91,639 110,000 264,000 (17) 18,304 123,773 (32,133) (26) Total For Utilities & Labor Donated: 18,636 91,639 110,000 264,000 (17) 18,304 123,773 (32,133) (26) Total Operating Transfer Total For Total Operating Transfer: 137,411 665,528 739,810 1,971,411 (10) 133,015 740,752 (75,224) (10) Net Income Profit(Loss) 206,890 560,104 441,956 1,573,740 27 (362,246) (159,146) 719,250 452 159