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5.2d EMRUSR 08-13-2024Electric 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 Profit(Loss) ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JUNE 2024 2024 2024 2024 YTD 2024 YTD 2024 2023 2023 YTD 2023 v. 2024 Variance JUNE YTD YTD Budget Bud Var% ANNUAL JUNE YTD VARIANCE Actual Var% Item BUDGET Variance BUDGET 3,311,783 17,571,359 19,854,920 (2,283,561) (12) 42,685,299 3,886,613 18,409,096 (837,736) (5) 314,597 1,743,931 1,593,993 149,938 9 3,514,568 374,625 1,697,899 46,032 3 15,177 98,097 116,709 (18,613) (16) 243,412 19,878 103,900 (5,804) (6) 18,562 117,481 138,060 (20,579) (15) 292,752 25,520 126,265 (8,784) (7) 21,725 130,317 130,000 317 0 260,000 21,625 129,432 885 1 400 2,400 2,400 0 0 4,800 400 2,400 0 0 3,682,244 19,663,585 21,836,082 (2,172,498) (10) 47,000,831 4,328,660 20,468,993 (805,408) (4) 34,275 101,878 42,500 ` 59,378 85,000 3,068 34,055 = 67,822�(1) 17,799 120,058 142,500 (22,442) (16) 285,000 20,399 139,618 (19,560) (14) 20,425 150,851 67,500 83,351 135,000 11,425 57,841 PP 93,010�(2) 64,983 765,624 508,000 257,623 1,016,000 174,938 651,891 113,732 (3) 137,482 1,138,410 760,500 377,910 50 1,521,000 209,830 883,406 255,004 29 3,819,727 20,801,995 22,596,582 (1,794,588) (8) 48,521,831 4,538,490 21,352,399 (550,404) (3) 2,756,342 13,416,219 15,165,459 (1,749,240) (12) 32,756,447 3,429,531 14,777,070 (1,360,851) (9) 16,177 137,999 193,250 r (55,251)- 369,000 18,547 189,739 (4) 5,034 30,508 36,000 (5,492) (15) 72,000 6,560 32,979 (2,471) (7) 26,403 248,125 211,750 36,375 425,917 30,863 251,636 (3,511) (1) (5) 153,321 1,024,027 896,250 127,777 14 1,668,500 104,051 834,602 (6) 275,101 1,651,074 1,553,808 97,266 6 3,107,612 261,223 1,582,048 69,026 4 65,175 392,285 392,285 0 0 785,810 68,225 410,547 (18,263) (4) 5,020 33,924 28,050 5,874 21 506,900 4,227 24,994 8,930 36 35,888 205,846 219,500 (13,654) (6) 439,000 30,091 216,921 (11,076) (5) 302,345 2,053,887 2,149,497 (95,609) (4) 4,208,492 297,018 2,005,999 47,888 2 63,050 266,597 318,500 (51,903)1 637,000 40,130 196,230 161 (7) 3,703,856 19,460,492 21,164,348 (1,703,856) (8) 44,976,679 4,290,464 20,522,766 (1,062,274) (5) 133,173 707,061 794,197 (87,136) (11) 1,707,412 156,164 773,143 (66,081) (9) 20,024 111,664 132,000 (20,336) (15) 264,000 18,046 141,819 (30,155)(8) 153,197 818,725 926,197 (107,472) (12) 1,971,412 174,209 914,962 (96,237) (11) (37,326) 522,778 506,038 16,741 3 1,573,740 73,817 (85,329) 608,107 713 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 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 and PYTD variance is due to most expense accounts being favorable to budget and less than prior year. (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, Mtce of Street Lighting, Transportation, 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. 65