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5.1d EMRUSR 09-10-2024
Electric 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) ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JULY 2024 2024 2024 2024 YTD 2024 YTD 2024 2023 2023 YTD 2023 v. 2024 Variance JULY YTD YTD Budget Bud Var% ANNUAL JULY YTD VARIANCE Actual Vat% Item BUDGET Variance BUDGET 3,286,965 20,858,325 24,044,947 (3,186,623) -13.3% 42,685,299 3,934,757 22,343,852 (1,485,528) -6.6% 338,894 2,082,825 1,933,696 149,129 7.7% 3,514,568 366,955 2,064,854 17,971 0.9% 16,360 114,457 139,965 (24,507) 17.6% 243,412 19,959 123,859 (9,402) -7.6`!/0 21,208 138,689 166,156 292,752 26,029 152,294 (13,605) -8.9% (1) 21,710 152,027 151,667 360 0.2% 260,000 21,555 150,988 1,039 0.7% 400 2,800 2,800 0 0.0% 4,800 400 2,800 0 0.0% 3,685,538 23,349,122 26,438,231 (3,089,108) 11.7% 47,000,831 4,369,654 24,838,647 (1,489,525) -6.0% 61,555 163,433 49,583 113,849 85,000 22,528 56,584 106,849 �(2) 31,208 151,266 166,250 (14,994) -9.0% 285,000 23,187 162,806 (11,539) -7.1% 72,806 223.657 78,750 144,907 135,000 15,100 72.941 150,716 (3) 122,278 887,901 591,933 296,069 1,016,000 90,103 741,995 145,907 (4) 287,848 1,426,257 886.417 539,841 60.9% 1,521,000 150,919 1,034,325 391,932 37.9% 3,973,385 24,775,390 27,324,647 (2,549,267) -9.3% 48,521,831 4,520,573 25,872,972 (1,097,592) -4.2% 3,234,950 16,651,168 18,753,567 (2,102,399) -11.2% 32,756,447 3,446,904 18,223,874 (1,572,706) -8.6% 19,023 157,022 219,317 369,000 17,451 207,191 (5) 4,324 34,832 42,000 (7,168) -17.1% 72,000 5,250 38,229 (3,397) -8.9% 35,410 283,535 247,042 36,493 14.8% 425,917 27,360 278,996 4,538 1.6% 128,758 1,152,785 1,017,125 135,660 13.3% 1,668,500 112,441 947,043 (6) 275,048 1,926,123 1,812,776 113,347 6.3% 3,107,612 262,485 1,844,533 81,589 4.4% 65,175 457,459 457,459 0 0.0% 785,810 68,225 478,772 (21,313) -4.5% 8,329 42,253 32,725 9,528 29.1 % 506,900 17,296 42,290 (36) -0.1`yo 36,660 242,505 256,083 (13,578) -5.3% 439,000 33,849 250.770 (8,265) -3.3% 289,236 2,343,123 2,471,777 (128,653) -5.2% 4,208,492 272,526 2,278,525 64,598 2.8% 39,434 306,030 371.583 637,000 25,076 221.306 84,725 �(7) 4,136,344 23,596,836 25,681,454 (2,084,618) -8.1% 44,976,679 4,288,762 24,811,528 (1,214,692) -4.9% Operating Transfer Operating Transfer/Other Funds 132,179 839,241 961,798 (122,557) -12.7% 1,707,412 158,087 931,229 (91,989) -9.9% Utilities & Labor Donated 19,009 130,673 154.000 (23,327) -15.1 % 264,000 17,643 159.462 (28,799) (8) Total Operating Transfer 151,189 969,913 1,115,798 (145,884) -13.1% 1,971,412 175,729 1,090,691 (120,777) -11.1% Net IncomeProfit(Loss) (314,148) 208,630 527.395 (318,765) -60.4% 1,573,740 56,082 (29,247) 237,877 813.3% Item Variance of+/- $25,000 and +/- 15% (1) YTD budget variance is mainly due to decreased residential usage. (2) YTD budget variance is due to conservative budgeted amount. PYTD variance is due to the change in Pair Market Value of Investments. More fiords were transferred to UBS/invested in 2024. (3) YTD budget and PYTD variance due to large a large connection agreement in January and July 2024. (4) 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. (5) YTD budget variance and PYTD variance is due to most expense accounts being favorable to budget and less than prior year. (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, Mtee of Line Transformers, Transportation, Electric Mapping, and Mtce of Street Lighting. (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. 59