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5.2g EMRUSR 08-13-2024
ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JUKE 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 JUNE YTD BUDGET BUDGET Bud Var% DUNE 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 1,013,730 280,019 1,620,394 114,560 32,678 250,399 3,311,783 110,421 41,107 126,636 12,259 4,918 19,253 314,597 13,151 486 1,485 52 15,176 13,812 2,927 1,521 301 18,561 21,725 21,725 400 6,056,237 1,606,301 8,175,006 _531,341 156,225 1,046,246 17,571,359 680,293 211,883 686,491 58,304 20,755 86,202 1,743,930 88,896 1,353 7,753 93 98,096 90,455 17,837 7,666 1,521 117,480 130,317 130,317 2,400 6,624,151 1,738,884 9,156,684 711,294 206,010 1,417,894 19,854,920 655,241 205,727 520,132 77,682 30,133 105,075 1,593,992 104,861 1,436 10,163 247 116,709 106,136 19,161 10,610 2,152 138,060 130,000 130,000 2,400 72 2023 YTD 2023 v. 2024 YTD VARIANCE Actual Var% 14,221,539 (9) 1,316,872 6,415,889 (359,651) (6) 3,634,057 (8) 323,206 1,696,457 (90,156) (5) 19,965,865 (11) 1,867,102 8,641,945 (466,939) (5) 1,485,155 (25) 119,265 511,767 19,573 4 408,036 (24) 29,591 147,110 9,115 6 2,970,644 (26) 230,574 995,925 50,321 5 42,685,299 (12) 3,886,612 18,409,095 (837,736) (5) 1,438,521 4 144,127 692,786 (12,492) (2) 477,265 3 51,507 214,259 (2,375) (1) 1,154,078 32 143,430 643,953 42,538 7 162,572 (25) 12,880 54,343 3,960 7 58,535 (31) 4,893 19,074 1,680 9 223,596 (18) 17,796 73,481 12,721 17 3,514,568 9 374,624 1,697,898 46,031 3 216,883 (15) 17,600 94,780 (5,884) (6) 4,737 (6) 626 1,452 (98) (7) 21,268 (24) 1,595 7,577 175 2 522 (62) 54 90 3 4 243,411 (16) 19,877 103,900 (5,803) (6) 224,525 (15) 19,048 98,572 (8,117) (8) 41,609 (7) 4,396 18,550 (712) (4) 22,385 (28) 1,690 7,673 (7) 0 4,231 (29) 384 1,468 53 4 292,751 (15) 25,519 126,265 (8,784) (7) 260,000 0 21,624 129,432 884 1 260,000 0 21,624 129,432 884 1 4,800 0 400 2,400 0 0 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JUKE 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric JUNE YTD BUDGET BUDGET Bud Var% JUNE YTD VARIANCE Actual Var% Total For Other Electric Sales: 400 2,400 2,400 4,800 0 400 2,400 0 0 Total Operating Revenue 3,682,244 19,663,584 21,836,082 47,000,831 (10) 4,328,659 20,468,992 (805,408) (4) Other Operating Revenue interest/Dividend Income INTEREST & DIVIDEND INCOME 34,274 101,877 42,499 85,000 140 3,068 34,055 67,822 199 Total For Interest/Dividend Income: 34,274 101,877 42,499 85,000 140 3,068 34,055 67,822 199 Customer Penalties CUSTOMER DELINQUENT PENALT 17,799 120,057 142,500 285,000 (16) 20,399 139,618 (19,560) (14) Total For Customer Penalties: 17,799 120,057 142,500 285,000 (16) 20,399 139,618 (19,560) (14) Connection Fees DISCONNECT & RECONNECT CHA 20,425 150,851 67,500 135,000 123 11,425 57,841 93,009 161 Total For Connection Fees: 20,425 150,851 67,500 135,000 123 11,425 57,841 93,009 161 Misc Revenue MISC ELEC REVENUE - TEMP CHG 220 1,100 2,500 5,000 (56) 0 5,114 (4,014) (78) STREET LIGHT 0 12,600 5,000 10,000 152 0 1,800 10,800 600 TRANSMISSION INVESTMENTS 57,149 289,786 333,000 666,000 (13) 64,139 322,232 (32,445) (10) MISC NON -UTILITY 7,613 52,153 55,000 110,000 (5) 8,393 71,944 (19,790) (28) GAIN ON DISPOSITION OF PROPER 0 0 0 0 0 24,600 24,600 (24,600) (100) CONTRIBUTIONS FROM CUSTOME 0 409,983 112,500 225,000 264 77,804 226,199 183,793 81 Total For Misc Revenue: 64,982 765,623 508,000 1,016,000 51 174,937 651,891 113,732 17 Total Other Revenue 137,482 1,138,409 760,500 1,521,000 50 209,830 883,406 255,003 29 Total For Total Other Revenue: 137,482 1,138,409 760,500 1,521,000 50 209,830 883,406 255,003 29 Total Revenue 3,819,726 20,801,994 22,596,582 (8) 4,538,490 21,352,398 48,521,831 (550,404) (3) Expenses Purchased Power PURCHASED POWER 2,212,337 10,022,751 11,081,334 24,250,423 (10) 2,549,788 10,885,207 (862,455) (8) ENERGY ADJUSTMENT CLAUSE 544,004 3,393,466 4,084,123 8,506,023 (17) 879,742 3,891,862 (498,396) (13) Total For Purchased Power: 2,756,341 13,416,218 15,165,458 32,756,447 (12) 3,429,531 14,777,070 (1,360,851) (9) Operating & Mtce Expense OPERATING SUPERVISION 9,558 67,381 65,500 131,000 3 8,790 59,965 7,416 12 DIESEL OIL FUEL 0 159 4,999 10,000 (97) 0 3,657 (3,497) (96) NATURAL GAS 394 11,812 21,600 33,000 (45) 321 20,794 (8,982) (43) 73 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JUKE 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric JUNE YTD BUDGET BUDGET Bud Var% DUNE YTD VARIANCE Actual Var% ELECTRIC & WATER CONSUMPTI 4,174 28,320 34,650 66,000 (18) 4,372 33,124 (4,804) (15) PLANT SUPPLIES & OTHER EXPEN 507 5,618 7,500 15,000 (25) 354 20,659 (15,041) (73) MISC POWER GENERATION EXPE 16 501 4,000 8,000 (87) 232 3,425 (2,923) (85) MAINTENANCE OF STRUCTURE - 606 5,284 10,500 21,000 (50) 1,497 11,615 (6,331) (55) MTCE OF PLANT ENGINES/GENER 490 3,824 19,500 39,000 (80) 1,529 14,702 (10,878) (74) MTCE OF PLANT/LAND IMPROVE 429 15,096 25,000 46,000 (40) 1,450 21,795 (6,698) (31) Total For Operating & Mtee Expense: 16,177 137,999 193,250 369,000 (29) 18,547 189,739 (51,740) (27) Transmission Expense TRANSMISSION MTCE AND EXPE 5,034 30,508 36,000 72,000 (15) 6,559 32,979 (2,470) (7) Total For Transmission Expense: 5,034 30,508 36,000 72,000 (15) 6,559 32,979 (2,470) (7) Distribution Expense REMOVE EXISTING SERVICE & M 0 0 1,000 2,000 (100) 0 542 (542) (100) SCADA EXPENSE 3,292 19,747 22,500 45,000 (12) 3,584 20,550 (803) (4) TRANSFORMER EXPENSE OH & U 1,092 7,961 7,500 15,000 6 1,242 8,659 (697) (8) MTCE OF SIGNAL SYSTEMS 327 1,010 1,500 3,000 (33) 540 1,706 (696) (41) METER EXPENSE - REMOVE & RE 225 466 750 1,500 (38) 0 1,002 (536) (53) TEMP SERVICE - INSTALL & REM 0 222 3,499 7,000 (94) 58 4,874 (4,651) (95) MISC DISTRIBUTION EXPENSE 21,464 218,716 175,000 350,000 25 25,436 214,299 4,417 2 INTERCONNECTION CARRYING C 0 0 0 2,417 0 0 0 0 0 Total For Distribution Expense: 26,402 248,124 211,750 425,917 17 30,862 251,636 (3,511) (1) Maintenance Expense MTCE OF STRUCTURES 6,042 42,749 25,000 50,000 71 9,759 32,463 10,295 32 MTCE OF SUBSTATIONS 1,054 7,525 18,000 36,000 (58) 596 18,756 (11,230) (60) MTCE OF SUBSTATION EQUIPME 12,544 75,021 39,499 79,000 90 5,935 28,030 46,991 168 MTCE OF OH LINES/TREE TRIM 1,220 206,861 177,000 230,000 17 503 167,975 38,886 23 MTCE OF OH LINES/STANDBY 3,685 21,113 19,999 40,000 6 2,287 17,231 3,882 23 MTCE OF OH PRIMARY 16,295 79,036 85,000 170,000 (7) 13,641 82,110 (3,073) (4) MTCE OF URD PRIMARY 28,448 117,714 109,999 220,000 7 20,752 91,607 26,106 28 LOCATE ELECTRIC LINES 9,537 46,558 55,000 110,000 (15) 10,770 43,577 2,980 7 LOCATE FIBER LINES 403 929 750 1,500 24 101 236 693 294 MTCE OF LINE TRANSFORMERS 11,362 24,983 30,000 60,000 (17) 3,355 11,143 13,840 124 MTCE OF STREET LIGHTING 15,224 40,219 25,000 50,000 61 2,756 16,691 23,528 141 MTCE OF SECURITY LIGHTING 1,332 10,043 7,500 15,000 34 2,346 10,532 (488) (5) MTCE OF METERS 4,774 38,344 40,000 80,000 (4) 3,883 27,440 10,904 40 VOLTAGE COMPLAINTS 951 3,088 6,000 12,000 (49) 856 5,780 (2,691) (47) 74 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JUKE 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric JUNE YTD BUDGET BUDGET Bud Var% DUNE YTD VARIANCE Actual Var% SALARIES TRANSMISSION & DIST 2,032 14,941 15,000 30,000 0 2,235 14,172 769 5 ELECTRIC MAPPING 4,040 92,814 49,999 100,000 86 5,976 78,028 14,785 19 MTCE OF OH SECONDARY 1,857 9,163 12,499 25,000 (27) 2,966 10,938 (1,774) (16) MTCE OF URD SECONDARY 3,140 22,810 30,000 60,000 (24) 5,142 24,169 (1,359) (6) TRANSPORTATION EXPENSE 29,372 170,107 150,000 300,000 13 10,193 153,717 16,389 11 Total For Maintenance Expense: 153,321 1,024,027 896,250 1,668,500 14 104,051 834,602 189,425 23 Depreciation & Amortization DEPRECIATION 219,423 1,317,006 1,219,740 2,439,475 8 205,544 1,247,980 69,026 6 AMORTIZATION 55,677 334,067 334,068 668,136 0 55,677 334,067 0 0 Total For Depreciation & Amortization: 275,101 1,651,074 1,553,808 3,107,611 6 261,222 1,582,047 69,026 4 Interest Expense INTEREST EXPENSE - BONDS 70,163 422,215 422,215 845,673 0 73,213 440,478 (18,262) (4) AMORTIZATION OF DEBT DISCOU (4,988) (29,931) (29,931) (59,863) 0 (4,988) (29,931) 0 0 Total For Interest Expense: 65,174 392,284 392,284 785,810 0 68,224 410,547 (18,262) (4) Other Operating Expense EV CHARGING EXPENSE 218 1,324 1,549 3,100 (15) 251 856 467 54 LOSS ON DISPOSITION OF PROP (C 0 4,105 0 155,800 0 0 0 4,105 0 OTHER DONATIONS 0 0 1,500 3,000 (100) 0 108 (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 4,801 28,494 25,000 50,000 14 3,975 23,650 4,843 20 Total For Other Operating Expense: 5,020 33,924 28,050 506,900 21 4,226 24,993 8,930 36 Customer Accounts Expense METER READING EXPENSE 4,461 20,712 23,500 47,000 (12) 3,390 19,855 857 4 DISCONNECURECONNECT EXPEN 1,463 6,589 10,999 22,000 (40) 2,483 10,800 (4,210) (39) M1SC CUSTOMER ACCOUNTS EXP 29,708 171,973 172,500 345,000 0 25,337 163,606 8,367 5 BAD DEBT EXPENSE & RECOVER 254 6,569 12,499 25,000 (47) (1,121) 22,659 (16,089) (71) Total For Customer Accounts Expense: 35,888 205,845 219,499 439,000 (6) 30,090 216,921 (11,075) (5) Administrative Expense SALARIES OFFICE & COMMISSION 65,984 441,120 454,000 908,000 (3) 65,254 403,705 37,414 9 TEMPORARY STAFFING 0 0 1,999 4,000 (100) 0 0 0 0 OFFICE SUPPLIES 13,551 47,906 62,500 125,000 (23) 9,995 66,313 (18,407) (28) ELECTRIC & WATER CONSUMPTI 2,429 13,009 19,999 40,000 (35) 2,821 14,680 (1,670) (11) BANK FEES 206 1,295 1,249 2,500 4 130 879 416 47 LEGAL FEES 2,631 7,467 15,000 30,000 (50) 672 11,304 (3,836) (34) 75 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JUKE 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric JUNE YTD BUDGET BUDGET Bud Var% DUNE YTD VARIANCE Actual Var% AUDITING FEES 1,640 9,040 10,999 22,000 (18) 1,623 10,699 (1,659) (16) INSURANCE 15,414 92,804 94,999 190,000 (2) 16,709 110,498 (17,693) (16) UTILITY SHARE - DEFERRED COM 7,871 77,310 60,000 120,000 29 8,408 79,446 (2,135) (3) UTILITY SHARE - MEDICAL/DENT 59,895 486,022 496,090 870,000 (2) 55,209 473,812 12,210 3 UTILITY SHARE - PERA 22,315 153,023 151,000 302,000 1 23,890 145,024 7,998 6 UTILITY SHARE - FICA 21,815 148,665 147,499 295,000 1 23,886 141,324 7,340 5 EMPLOYEE SICK PAY 10,258 60,934 82,500 165,000 (26) 8,999 85,998 (25,064) (29) EMPLOYEE HOLIDAY PAY 14,362 74,588 62,545 172,000 19 13,759 70,503 4,084 6 EMPLOYEE VACATION & PTO PA 21,746 168,616 147,363 275,000 14 18,868 148,947 19,669 13 UPMIC DISTRIBUTION 16,709 43,795 50,500 101,000 (13) 17,644 36,462 7,333 20 LONGEVITY PAY 0 1,680 1,680 6,964 0 5,580 7,503 (5,823) (78) CONSULTING FEES 0 27,954 48,799 97,600 (43) 0 3,415 24,539 719 TELEPHONE 2,902 17,490 19,000 38,000 (8) 3,024 18,933 (1,442) (8) ADVERTISING 825 6,956 9,499 19,000 (27) 998 7,033 (76) (1) DUES & SUBSCRIPTIONS - FEES 9,904 62,398 68,766 137,533 (9) 9,599 58,652 3,745 6 SCHOOLS & MEETINGS 11,036 106,735 137,000 274,894 (22) 8,947 104,843 1,891 2 MTCE OF GENERAL PLANT & OFFI 845 5,070 6,499 13,000 (22) 1,002 6,016 (946) (16) Total For Administrative Expense: 302,345 2,053,887 2,149,496 4,208,492 (4) 297,017 2,005,999 47,887 2 General Expense CIP REBATES - RESIDENTIAL 6,410 40,494 45,379 90,758 (11) 10,151 26,476 14,018 53 CIP REBATES - COMMERCIAL 20,871 42,099 55,999 112,000 (25) 5,705 40,004 2,095 5 CIP-ADMINISTRATION 20,792 80,144 91,482 182,965 (12) 1,885 6,467 73,677 1,139 CIP - MARKETING 2,735 27,498 25,617 51,235 7 2,648 20,917 6,580 31 CIP - LABOR 6,995 50,477 66,910 133,822 (25) 11,283 71,541 (21,063) (29) CIP REBATES - LOW INCOME 1,865 3,468 9,360 18,720 (63) 7,609 11,879 (8,411) (71) CIP - LOW INCOME LABOR 744 4,728 4,999 10,000 (5) 780 5,033 (305) (6) ENVIRONMENTAL COMPLIANCE 2,612 15,477 17,500 35,000 (12) 24 7,818 7,659 98 MISC GENERAL EXPENSE 22 2,208 1,249 2,500 77 41 6,091 (3,882) (64) Total For General Expense: 63,049 266,596 318,499 637,000 (16) 40,129 196,229 70,367 36 Total Expenses(before Operating Transfers) 3,703,856 19,460,491 21,164,347 44,976,678 (8) 4,290,464 20,522,765 (1,062,274) (5) Operating Transfer Operating Transfer/Other Funds TRANSFER TO CITY ELK RIVER R 133,172 707,061 794,196 1,707,411 (11) 156,163 773,142 (66,081) (9) Total For Operating Transfer/Other Funds: 133,172 707,061 794,196 1,707,411 (11) 156,163 773,142 (66,081) (9) 76 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JUKE 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric JUNE YTD BUDGET BUDGET Bud Var% JUNE YTD VARIANCE Actual Var% Utilities & Labor Donated UTILITIES & LABOR DONATED TO 20,024 111,663 132,000 264,000 (15) 18,045 141,819 (30,155) (21) Total For Utilities & Labor Donated: 20,024 111,663 132,000 264,000 (15) 18,045 141,819 (30,155) (21) Total Operating Transfer Total For Total Operating Transfer: 153,196 818,724 926,196 1,971,411 (12) 174,209 914,961 (96,236) (11) Net Income Profit(Loss) (37,326) 522,778 506,037 1,573,740 3 73,817 (85,329) 608,106 713 77