5.2 EMRUSR 08-13-2024��i
Elk River ,
Municipal Utilities UTILITIES COMMISSION MEETING
TO:
FROM:
ERMU Commission
Melissa Karpinski — Finance Manager
MEETING DATE:
AGENDA ITEM NUMBER:
August 13, 2024
5.2
SUBJECT:
Financial Report —June 2024
ACTION REQUESTED:
Receive the June 2024 Financial
Report
DISCUSSION:
Please note that these are the preliminary unaudited financial statements.
Electric
June year to date (YTD) electric kWh sales are down 6% from the prior year. For further
breakdown:
• Residential usage is down 6%
• Small Commercial usage is down 4%
• Large Commercial usage is down 6%
For June 2024, the Electric Department overall is ahead of prior YTD and favorable to budget
YTD. Additional variance analysis can be found on the Summary Electric Statement of Revenues,
Expenses and Changes in Net Position attachment.
Water
June YTD gallons of water sold are down 11% from the prior year. For further breakdown:
• Residential use is down 20%
• Commercial use is up less than .5%
For June 2024, the Water Department overall is ahead of prior YTD and favorable to budget
YTD. Additional variance analysis can be found on the Summary Water Statement of Revenues,
Expenses and Changes in Net Position attachment.
ATTACHMENTS:
• Balance Sheet 06.2024
• Electric Balance Sheet 06.2024
• Water Balance Sheet 06.2024
• Summary Electric Statement of Revenues, Expenses and Changes in Net Position
06.2024
• Summary Water Statement of Revenues, Expenses and Changes in Net Position 06.2024
• Graphs Prior Year and YTD 2024
Page 1 of 2
• Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 06.2024
• Detailed Water Statement of Revenues, Expenses and Changes in Net Position 06.2024
• Budget vs Actual Graphs — Electric 06.2024
• Budget vs Actual Graphs — Water 06.2024
Page 2 of 2
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