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5.2h 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 Water JUNE YTD BUDGET BUDGET Bud Var% DUNE Revenue Operating Revenue Water Sales WATER SALES RESIDENTIAL WATER SALES COMMERCIAL WATER SALES IRRIGATION Total For Water Sales: Total Operating Revenue Total For Total Operating Revenue: Other Operating Revenue Interest/Dividend Income INTEREST & DIVIDEND INCOME OTHER INTEREST/MISC REVENUE Total For Interest/Dividend Income: Customer Penalties CUSTOMER PENALTIES Total For Customer Penalties: Connection Fees WATER/ACCESS/CONNECTION FE CUSTOMER CONNECTION FEES BULK WATER SALES/HYDRANT R Total For Connection Fees: Misc Revenue MISC NON -UTILITY TRANSFER IN FROM CITY MISCELLANEOUS REVENUE HYDRANT MAINTENANCE PROGR CONTRIBUTIONS FROM DEVELOP WATER TOWER LEASE Total For Misc Revenue: Total Other Revenue Total For Total Other Revenue: 2023 YTD 2023 v. 2024 YTD VARIANCE Actual Var% 142,170 617,745 575,546 1,595,403 7 285,791 727,539 (109,793) (15) 93,121 379,190 327,738 923,908 16 101,687 360,217 18,973 5 32,400 50,247 32,286 268,691 56 51,152 74,247 (23,999) (32) 267,692 1,047,184 935,571 2,788,003 12 438,630 1,162,003 (114,819) (10) 267,692 1,047,184 935,571 2,788,003 12 438,630 1,162,003 (114,819) (10) 267,692 1,047,184 935,571 2,788,003 12 438,630 1,162,003 (114,819) (10) 9,213 35,135 19,999 40,000 76 2,253 16,356 18,779 115 0 0 750 1,500 (100) 0 0 0 0 9,213 35,135 20,749 41,500 69 2,253 16,356 18,779 115 1,080 9,872 12,499 25,000 (21) 1,134 7,282 2,590 36 1,080 9,872 12,499 25,000 (21) 1,134 7,282 2,590 36 21,600 187,430 100,000 200,000 87 11,190 94,325 93,104 99 2,783 12,976 15,000 30,000 (13) 966 5,404 7,571 140 1,556 12,493 12,499 25,000 0 805 7,146 5,347 75 25,940 212,900 127,500 255,000 67 12,961 106,877 106,023 99 0 20 25 50 (20) 0 20 0 0 0 0 0 230,000 0 0 0 0 0 521 521 250 500 108 0 258 262 101 975 6,675 7,500 15,000 (11) 975 6,756 (80) (1) 0 0 0 65,000 0 0 0 0 0 0 0 0 308,236 0 0 0 0 0 1,496 7,216 7,775 618,786 (7) 975 7,034 182 3 37,730 265,125 168,525 940,286 57 17,323 137,550 127,574 93 37,730 265,125 168,525 940,286 57 17,323 137,550 127,574 93 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 Water JUNE YTD BUDGET BUDGET Bud Var% DUNE YTD VARIANCE Actual Var% Total Revenue 305,423 1,312,309 1,104,096 3,728,289 19 455,954 1,299,554 12,755 1 Expenses Production Expense MTCE OF STRUCTURES 7,964 64,809 57,499 115,000 13 7,086 55,493 9,316 17 Total For Production Expense: 7,964 64,809 57,499 115,000 13 7,086 55,493 9,316 17 Pumping Expense SUPERVISION 5,274 34,257 33,750 67,500 2 4,128 31,016 3,240 10 ELECTRIC & GAS UTILITIES 21,886 119,172 167,585 335,171 (29) 35,261 158,513 (39,341) (25) SAMPLING 1,038 8,107 8,500 17,000 (5) 764 7,442 665 9 CHEMICAL FEED 3,097 16,184 26,500 53,000 (39) 5,782 18,628 (2,444) (13) MTCE OF WELLS 13,322 79,182 82,500 165,000 (4) 7,044 70,144 9,037 13 SCADA - PUMPING 396 4,374 4,000 8,000 9 234 1,670 2,703 162 Total For Pumping Expense: 45,005 261,276 322,835 645,671 (19) 53,214 287,415 (26,138) (9) Distribution Expense MTCE OF WATER MAINS 4,599 37,881 87,499 175,000 (57) 15,612 91,182 (53,301) (58) LOCATE WATER LINES 1,301 6,795 8,625 17,250 (21) 1,135 3,594 3,200 89 MTCE OF WATER SERVICES 0 0 250 500 (100) 0 184 (184) (100) WATER METER SERVICE 2,067 20,979 33,000 66,000 (36) 4,706 12,853 8,125 63 BACKFLOW DEVICE INSPECTION 2,268 9,163 10,000 20,000 (8) 1,810 9,235 (71) (1) MTCE OF CUSTOMERS SERVICE 2,551 15,973 16,500 33,000 (3) 2,435 14,818 1,154 8 WATER MAPPING 1,111 12,138 7,500 15,000 62 1,063 8,963 3,174 35 MTCE OF WATER HYDRANTS -PU 2,590 17,289 10,000 20,000 73 2,574 7,145 10,144 142 MTCE OF WATER HYDRANTS - PR 2,068 3,621 3,000 6,000 21 2,694 2,721 900 33 WATER CLOTHING/PPE 456 9,097 4,999 10,000 82 336 7,619 1,477 19 WAGES WATER 555 3,829 3,750 7,500 2 451 3,456 373 11 TRANSPORTATION EXPENSE 3,637 11,148 12,000 24,000 (7) 830 6,646 4,502 68 WATER PERMIT 0 26,255 28,000 28,000 (6) 0 15,752 10,502 67 Total For Distribution Expense: 23,208 174,174 225,125 422,250 (23) 33,650 184,175 (10,001) (5) Depreciation & Amortization DEPRECIATION 101,671 605,562 574,500 1,148,987 5 97,652 585,077 20,485 4 Total For Depreciation & Amortization: 101,671 605,562 574,500 1,148,987 5 97,652 585,077 20,485 4 Interest Expense INTEREST EXPENSE - BONDS 3,466 20,800 20,799 40,600 0 3,666 22,000 (1,199) (5) AMORTIZATION OF DEBT DTSCOU (554) (3,325) (3,325) (6,651) 0 (554) (3,325) 0 0 Total For Interest Expense: 2,912 17,474 17,474 33,949 0 3,112 18,674 (1,199) (6) 79 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 Water JUNE YTD BUDGET BUDGET Bud Var% DUNE YTD VARIANCE Actual Var% Other Operating Expense LOSS ON DISPOSITION OF PROP (C 0 0 0 14,000 0 0 0 0 0 DAM MAINTENANCE EXPENSE 158 177 1,000 2,000 (82) 0 1,689 (1,511) (90) PENSION EXPENSE 0 0 0 65,000 0 0 0 0 0 OTHER INTEREST EXPENSE 0 0 0 0 0 0 94 (94) (100) INTEREST EXPENSE - METER DEP 60 604 649 1,300 (7) 104 629 (25) (4) Total For Other Operating Expense: 218 781 1,650 82,300 (53) 104 2,412 (1,631) (68) Customer Accounts Expense METER READING EXPENSE 610 1,845 1,249 2,500 48 167 1,022 822 80 MISC CUSTOMER ACCOUNTS EXP 7,666 44,383 44,500 89,000 0 6,543 42,411 1,972 5 BAD DEBT EXPENSE & RECOVER 0 0 124 250 (100) 0 0 0 0 Total For Customer Accounts Expense: 8,277 46,229 45,874 91,750 1 6,710 43,433 2,795 6 Administrative Expense SALARIES OFFICE & COMMISSION 19,396 128,814 142,500 285,000 (10) 18,577 116,042 12,772 11 TEMPORARY STAFFING 0 0 499 1,000 (100) 0 0 0 0 OFFICE SUPPLIES 3,074 10,384 18,499 37,000 (44) 1,809 14,678 (4,293) (29) ELECTRIC & WATER CONSUMPTI 607 3,253 5,500 11,000 (41) 705 3,670 (416) (11) BANK FEES 51 336 300 600 12 32 226 109 49 LEGAL FEES 657 1,837 4,500 9,000 (59) 168 2,290 (452) (20) AUDITING FEES 410 2,806 3,000 6,000 (6) 405 3,220 (414) (13) INSURANCE 3,460 20,842 21,499 43,000 (3) 3,671 31,145 (10,303) (33) UTILITY SHARE - DEFERRED COM 1,340 12,625 10,500 21,000 20 1,310 13,295 (669) (5) UTILITY SHARE - MEDICAL/DENT 14,704 113,468 121,818 220,000 (7) 14,974 120,226 (6,758) (6) UTILITY SHARE - PERA 4,323 29,514 28,000 56,000 5 4,022 27,024 2,490 9 UTILITY SHARE - FICA 4,416 28,985 27,000 54,000 7 4,151 26,198 2,787 11 EMPLOYEE SICK PAY 1,604 12,460 14,500 29,000 (14) 1,303 14,430 (1,969) (14) EMPLOYEE HOLIDAY PAY 2,876 13,153 11,636 32,000 13 2,527 12,131 1,021 8 EMPLOYEE VACATION & PTO PA 4,015 31,066 28,000 52,000 11 3,112 26,335 4,730 18 UPMIC DISTRIBUTION 3,918 9,752 10,500 21,000 (7) 2,652 6,284 3,468 55 WELLHEAD PROTECTION 0 0 1,020 2,000 (100) 0 6,861 (6,861) (100) LONGEVITY PAY 0 420 420 837 0 2,170 2,271 (1,851) (82) CONSULTING FEES 0 7,996 22,950 45,900 (65) 1,400 7,283 712 10 TELEPHONE 644 4,069 4,500 9,000 (10) 685 4,305 (236) (5) ADVERTISING 206 1,932 2,500 5,000 (23) 249 2,516 (583) (23) DUES & SUBSCRIPTIONS -FEES 1,808 41,840 43,600 88,114 (4) 1,746 36,318 5,521 15 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 Water JUNE YTD BUDGET BUDGET Bud Var% DUNE YTD VARIANCE Actual Var% SCHOOLS & MEETINGS 7,356 22,393 28,775 61,072 (22) 1,746 13,597 8,795 65 MTCE OF GENERAL PLANT & OFFI 211 1,266 1,549 3,100 (18) 250 1,504 (238) (16) Total For Administrative Expense: 75,083 499,222 553,569 1,092,623 (10) 67,673 491,860 7,362 1 General Expense CIP REBATES - RESIDENTIAL 237 312 2,500 5,000 (87) 144 646 (333) (52) CIP REBATES - COMMERCIAL 0 0 250 500 (100) 0 0 0 0 CIP - MARKETING 336 1,277 1,000 2,000 28 199 777 500 64 CIP - LABOR 0 0 2,500 5,000 (100) 0 1,288 (1,288) (100) ENVIRONMENTAL COMPLIANCE 52 332 1,249 2,500 (73) 40 1,053 (721) (69) MISC GENERAL EXPENSE 0 0 124 250 (100) (20) (24) 24 (100) Total For General Expense: 626 1,922 7,625 15,250 (75) 353 3,742 (1,819) (49) Total Expenses(before Operating Transfers) 264,969 1,671,453 1,806,154 3,647,781 (7) 269,559 1,672,285 (831) 0 Operating Transfer Utilities & Labor Donated WATER & LABOR DONATED TO Cl 0 0 750 1,500 (100) 0 0 0 0 Total Operating Transfer Total For Total Operating Transfer: 0 0 750 1,500 (100) 0 0 0 0 Net Income Profit(Loss) 40,453 (359,144) (702,807) 79,007 49 186,395 (372,731) 13,586 4