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5.1g EMRUSR 09-10-2024
ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JULY 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 JULY YTD BUDGET BUDGET Bud Var% DULY 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 I,190,742 285,328 1,615,300 64,079 15,568 115,945 3,286,965 131,614 48,524 139,096 6,995 2,755 9,909 338,894 14,898 626 801 33 16,360 17,011 3,138 902 154 21,207 21,709 21,709 400 7,246,980 1,891,630 9,790,306 595,420 171,794 1,162,192 20,858,324 811,907 260,407 825,587 65,299 23,510 96,111 2,082,825 103,795 1,980 8,555 126 114,457 107,466 20,976 8,569 1,676 139,688 152,026 152,026 2,800 8,032,969 2,078,506 11,131,452 855,143 242,005 1,704,870 24,044,947 796,725 254,002 627,694 93,392 35,398 126,482 1,933,695 124,248 2,203 12,218 294 138,964 127,685 23,186 12,756 2,528 166,156 151,666 151,666 2,800 66 2023 YTD 2023 v. 2024 YTD VARIANCE Actual Var% 14,221,539 (10) 1,364,524 7,780,413 (533,433) 3,634,057 (9) 331,336 2,027,794 (136,163) 19,965,865 (12) 1,863,756 10,505,702 (715,395) 1,485,155 (30) 123,828 635,595 (40,175) 408,036 (29) 30,523 177,633 (5,838) 2,970,644 (32) 220,787 1,216,712 (54,520) 42,685,299 (13) 3,934,756 22,343,852 (1,485,527) 1,438,521 2 149,591 842,377 (30,469) 477,265 3 50,276 264,536 (4,128) 1,154,078 32 133,168 777,121 48,466 162,572 (30) 13,397 67,741 (2,441) 58,535 (34) 4,764 23,839 (328) 223,596 (24) 15,756 89,238 6,873 3,514,568 8 366,954 2,064,853 17,971 216,883 (16) 17,523 112,303 (8,508) 4,737 (10) 775 2,227 (247) 21,268 (30) 1,590 9,167 (612) 522 (57) 70 160 (33) 243,411 (18) 19,958 123,859 (9,402) 224,525 (16) 20,014 118,586 (11,119) 41,609 (10) 3,895 22,446 (1,470) 22,385 (33) 1,785 9,459 (889) 4,231 (34) 333 1,801 (125) 292,751 (17) 26,028 152,293 (13,605) 260,000 0 21,555 150,987 1,038 260,000 0 21,555 150,987 1,038 4,800 0 400 2,800 0 (7) (7) (7) (6) (3) (4) (7) (4) (2) 6 (4) (1) 8 1 0 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JULY 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric JULY YTD BUDGET BUDGET Bud Var% JULY YTD VARIANCE Actual Var% Total For Other Electric Sales: 400 2,800 2,800 4,800 0 400 2,800 0 0 Total Operating Revenue 3,685,537 23,349,122 26,438,230 47,000,831 (12) 4,369,654 24,838,646 (1,489,524) (6) Other Operating Revenue interest/Dividend Income INTEREST & DIVIDEND INCOME 61,555 163,432 49,583 85,000 230 22,528 56,583 106,848 189 Total For Interest/Dividend Income: 61,555 163,432 49,583 85,000 230 22,528 56,583 106,848 189 Customer Penalties CUSTOMER DELINQUENT PENALT 31,208 151,266 166,250 285,000 (9) 23,187 162,805 (11,539) (7) Total For Customer Penalties: 31,208 151,266 166,250 285,000 (9) 23,187 162,805 (11,539) (7) Connection Fees DISCONNECT & RECONNECT CHA 72,806 223,657 78,750 135,000 184 15,100 72,941 150,716 207 Total For Connection Fees: 72,806 223,657 78,750 135,000 184 15,100 72,941 150,716 207 Misc Revenue MISC ELEC REVENUE - TEMP CHG 0 1,100 2,916 5,000 (62) 0 5,114 (4,014) (78) STREET LIGHT 10,800 23,400 5,000 10,000 368 0 1,800 21,600 1,200 TRANSMISSION INVESTMENTS 67,189 356,975 388,500 666,000 (8) 69,613 391,846 (34,870) (9) MISC NON -UTILITY 10,424 62,578 64,166 110,000 (2) 15,970 87,915 (25,337) (29) GAIN ON DISPOSITION OF PROPER 0 0 0 0 0 0 24,600 (24,600) (100) CONTRIBUTIONS FROM CUSTOME 33,864 443,847 131,250 225,000 238 4,518 230,718 213,128 92 Total For Misc Revenue: 122,277 887,901 591,833 1,016,000 50 90,103 741,994 145,906 20 Total Other Revenue 287,847 1,426,257 886,416 1,521,000 61 150,919 1,034,325 391,932 38 Total For Total Other Revenue: 287,847 1,426,257 886,416 1,521,000 61 150,919 1,034,325 391,932 38 Total Revenue 3,973,385 24,775,379 27,324,647 (9) 4,520,573 25,872,972 48,521,831 (1,097,592) (4) Expenses Purchased Power PURCHASED POWER 2,566,421 12,589,173 13,854,416 24,250,423 (9) 2,621,663 13,506,871 (917,698) (7) ENERGY ADJUSTMENT CLAUSE 668,528 4,061,994 4,899,150 8,506,023 (17) 825,139 4,717,002 (655,007) (14) Total For Purchased Power: 3,234,949 16,651,168 18,753,567 32,756,447 (11) 3,446,803 18,223,873 (1,572,705) (9) Operating & Mtce Expense OPERATING SUPERVISION 11,344 78,726 76,416 131,000 3 9,191 69,156 9,569 14 DIESEL OIL FUEL 0 159 5,833 10,000 (97) 0 3,657 (3,497) (96) NATURAL GAS 419 12,232 22,000 33,000 (44) 352 21,147 (8,915) (42) 67 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JULY 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric JULY YTD BUDGET BUDGET Bud Var% JULY YTD VARIANCE Actual Var% ELECTRIC & WATER CONSUMPTI 4,886 33,206 39,650 66,000 (16) 4,528 37,652 (4,446) (12) PLANT SUPPLIES & OTHER EXPEN 949 6,567 8,750 15,000 (25) 103 20,762 (14,194) (68) MISC POWER GENERATION EXPE 0 501 4,666 8,000 (89) 40 3,465 (2,964) (86) MAINTENANCE OF STRUCTURE - 988 6,272 12,250 21,000 (49) 1,210 12,826 (6,553) (51) MTCE OF PLANT ENGINES/GENER 236 4,061 22,750 39,000 (82) 512 15,215 (11,153) (73) MTCE OF PLANT/LAND IMPROVE 197 15,294 27,000 46,000 (43) 1,512 23,307 (8,012) (34) Total For Operating & Mtee Expense: 19,022 157,022 219,316 369,000 (28) 17,451 207,190 (50,168) (24) Transmission Expense TRANSMISSION MTCE AND EXPE 4,323 34,831 42,000 72,000 (17) 5,250 38,229 (3,397) (9) Total For Transmission Expense: 4,323 34,831 42,000 72,000 (17) 5,250 38,229 (3,397) (9) Distribution Expense REMOVE EXISTING SERVICE & M 0 0 1,166 2,000 (100) 0 542 (542) (100) SCADA EXPENSE 8,040 27,787 26,250 45,000 6 8,039 28,590 (802) (3) TRANSFORMER EXPENSE OH & U 1,044 9,006 8,750 15,000 3 1,262 9,921 (915) (9) MTCE OF SIGNAL SYSTEMS 0 1,010 1,750 3,000 (42) 100 1,807 (796) (44) METER EXPENSE - REMOVE & RE 0 466 875 1,500 (47) 163 1,166 (699) (60) TEMP SERVICE - INSTALL & REM 0 222 4,083 7,000 (95) 214 5,088 (4,866) (96) MISC DISTRIBUTION EXPENSE 26,324 245,041 204,166 350,000 20 17,590 231,879 13,161 6 INTERCONNECTION CARRYING C 0 0 0 2,417 0 0 0 0 0 Total For Distribution Expense: 35,409 283,534 247,041 425,917 15 27,360 278,996 4,538 2 Maintenance Expense MTCE OF STRUCTURES 6,226 48,975 29,166 50,000 68 4,503 36,967 12,008 32 MTCE OF SUBSTATIONS 434 7,960 21,000 36,000 (62) 359 19,115 (11,155) (58) MTCE OF SUBSTATION EQUIPME 6,988 82,010 46,083 79,000 78 4,558 32,588 49,421 152 MTCE OF OH LINES/TREE TRIM 3,736 210,598 178,000 230,000 18 377 168,353 42,244 25 MTCE OF OH LINES/STANDBY 4,115 25,229 23,333 40,000 8 3,744 20,976 4,253 20 MTCE OF OH PRIMARY 12,418 91,454 99,166 170,000 (8) 8,632 90,742 712 1 MTCE OF URD PRIMARY 40,768 158,482 128,333 220,000 23 32,312 123,920 34,562 28 LOCATE ELECTRIC LINES 9,697 56,255 64,166 110,000 (12) 11,858 55,435 820 1 LOCATE FIBER LINES 459 1,389 875 1,500 59 0 236 1,153 489 MTCE OF LINE TRANSFORMERS 6,611 31,594 35,000 60,000 (10) 2,074 13,217 18,377 139 MTCE OF STREET LIGHTING (4,478) 35,741 29,166 50,000 23 4,592 21,283 14,458 68 MTCE OF SECURITY LIGHTING 3,742 13,786 8,750 15,000 58 739 11,272 2,514 22 MTCE OF METERS 5,021 43,365 46,666 80,000 (7) 8,399 35,839 7,526 21 VOLTAGE COMPLAINTS 846 3,935 7,000 12,000 (44) 828 6,608 (2,673) (40) 68 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JULY 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric JULY YTD BUDGET BUDGET Bud Var% JULY YTD VARIANCE Actual Var% SALARIES TRANSMISSION & DIST 2,618 17,559 17,500 30,000 0 1,910 16,082 1,476 9 ELECTRIC MAPPING 5,945 98,759 58,333 100,000 69 5,466 83,494 15,264 18 MTCE OF OH SECONDARY 1,975 11,139 14,583 25,000 (24) 2,414 13,352 (2,213) (17) MTCE OF URD SECONDARY 6,979 29,790 35,000 60,000 (15) 5,068 29,238 551 2 TRANSPORTATION EXPENSE 14,650 184,757 175,000 300,000 6 14,598 168,316 16,440 10 Total For Maintenance Expense: 128,757 1,152,785 1,017,125 1,668,500 13 112,440 947,042 205,742 22 Depreciation & Amortization DEPRECIATION 219,370 1,536,377 1,423,030 2,439,475 8 206,807 1,454,787 81,599 6 AMORTIZATION 55,677 389,745 389,746 668,136 0 55,677 389,745 0 0 Total For Depreciation & Amortization: 275,048 1,926,122 1,812,776 3,107,611 6 262,485 1,844,533 81,589 4 Interest Expense INTEREST EXPENSE - BONDS 70,163 492,378 492,378 845,673 0 73,213 513,691 (21,312) (4) AMORTIZATION OF DEBT DISCOU (4,988) (34,919) (34,919) (59,863) 0 (4,988) (34,919) 0 0 Total For Interest Expense: 65,174 457,459 457,459 785,810 0 68,224 478,771 (21,312) (4) Other Operating Expense EV CHARGING EXPENSE 222 1,546 1,808 3,100 (14) 245 1,102 444 40 LOSS ON DISPOSITION OF PROP (C 0 4,105 0 155,800 0 13,073 13,073 (8,968) (69) OTHER DONATIONS 0 0 1,750 3,000 (100) 0 108 (108) (100) MUTUAL AID 3,300 3,300 0 0 0 0 0 3,300 0 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 4,805 33,300 29,166 50,000 14 3,975 27,626 5,673 21 Total For Other Operating Expense: 8,329 42,253 32,725 506,900 29 17,295 42,289 (36) 0 Customer Accounts Expense METER READING EXPENSE 4,758 25,470 27,416 47,000 (7) 3,679 23,534 1,936 8 DISCONNECT/RECONNECT EXPEN 1,849 8,438 12,833 22,000 (34) 992 11,792 (3,353) (28) MISC CUSTOMER ACCOUNTS EXP 28,182 200,156 201,250 345,000 (1) 28,369 191,975 8,180 4 BAD DEBT EXPENSE & RECOVER 1,869 8,439 14,583 25,000 (42) 807 23,467 (15,028) (64) Total For Customer Accounts Expense: 36,659 242,505 256,083 439,000 (5) 33,848 250,769 (8,264) (3) Administrative Expense SALARIES OFFICE & COMMISSION 74,756 515,876 529,666 908,000 (3) 59,121 462,827 53,049 11 TEMPORARY STAFFING 0 0 2,333 4,000 (100) 0 0 0 0 OFFICE SUPPLIES 6,407 54,314 72,916 125,000 (26) 7,916 74,229 (19,915) (27) ELECTRIC & WATER CONSUMPTI 2,924 15,934 23,333 40,000 (32) 2,589 17,269 (1,334) (8) BANK FEES 259 1,555 1,458 2,500 7 132 1,011 543 54 a ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JULY 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric JULY YTD BUDGET BUDGET Bud Var% JULY YTD VARIANCE Actual Var% LEGAL FEES 4,601 12,069 17,500 30,000 (31) 3,134 14,438 (2,369) (16) AUDITING FEES 1,640 10,680 12,833 22,000 (17) 1,623 12,323 (1,643) (13) INSURANCE 15,385 108,189 110,833 190,000 (2) 14,452 124,951 (16,761) (13) UTILITY SHARE - DEFERRED COM 6,726 84,037 70,000 120,000 20 7,258 86,705 (2,667) (3) UTILITY SHARE - MEDICAL/DENT 57,391 543,414 558,409 870,000 (3) 56,138 529,950 13,464 3 UTILITY SHARE - PERA 25,627 178,651 176,166 302,000 1 22,697 167,721 10,929 7 UTILITY SHARE - FICA 25,747 174,412 172,083 295,000 1 22,440 163,764 10,647 7 EMPLOYEE SICK PAY 11,101 72,035 96,250 165,000 (25) 12,284 98,282 (26,247) (27) EMPLOYEE HOLIDAY PAY 14,363 88,951 78,I81 172,000 14 13,756 84,260 4,691 6 EMPLOYEE VACATION & PTO PA 22,239 190,856 168,636 275,000 13 20,303 169,251 21,605 13 UPMIC DISTRIBUTION 0 43,795 50,500 101,000 (13) 0 36,462 7,333 20 LONGEVITY PAY 0 1,680 1,680 6,964 0 2,100 9,603 (7,923) (83) CONSULTING FEES 0 27,954 56,933 97,600 (51) 0 3,415 24,539 719 TELEPHONE 3,069 20,559 22,166 38,000 (7) 3,052 21,986 (1,426) (6) ADVERTISING 960 7,916 11,083 19,000 (29) 384 7,417 499 7 DUES & SUBSCRIPTIONS - FEES 9,535 71,933 80,227 137,533 (10) 10,387 69,040 2,893 4 SCHOOLS & MEETINGS 5,653 112,388 151,000 274,894 (26) 11,749 116,593 (4,204) (4) MTCE OF GENERAL PLANT & OFFI 845 5,915 7,583 13,000 (22) 1,002 7,019 (1,104) (16) Total For Administrative Expense: 289,235 2,343,123 2,471,776 4,208,492 (5) 272,525 2,278,525 64,598 3 General Expense CIP REBATES - RESIDENTIAL 10,459 50,953 52,942 90,758 (4) 6,715 33,191 17,762 54 CIP REBATES - COMMERCIAL 0 42,099 65,333 112,000 (36) 960 40,964 1,135 3 CIP - ADMINISTRATION 12,552 92,697 106,729 182,965 (13) 425 6,893 85,804 1,245 CIP - MARKETING 4,797 32,286 29,887 51,235 8 3,162 24,079 8,206 34 CIP - LABOR 7,642 58,120 78,062 133,822 (26) 10,480 82,022 (23,901) (29) CIP REBATES - LOW INCOME 0 3,468 10,920 18,720 (68) 0 11,879 (8,411) (71) CIP - LOW INCOME LABOR 750 5,478 5,833 10,000 (6) 660 5,694 (215) (4) ENVIRONMENTAL COMPLIANCE 3,293 18,770 20,416 35,000 (8) 2,713 10,532 8,238 78 MISC GENERAL EXPENSE (52) 2,156 1,458 2,500 48 (42) 6,049 (3,892) (64) Total For General Expense: 39,433 306,030 371,583 637,000 (18) 25,076 221,305 84,724 38 Total Expenses(before Operating Transfers) 4,136,344 23,596,835 25,681,453 44,976,678 (8) 4,288,762 24,811,528 (1,214,692) (5) Operating Transfer Operating Transfer/Other Funds TRANSFER TO CITY ELK RIVER R 132,179 839,240 961,797 1,707,411 (13) 158,086 931,229 (91,988) (10) 70 Electric ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING JULY 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 JULY YTD BUDGET BUDGET Bud Var% DULY YTD VARIANCE Actual Var% Total For Operating Transfer/Other Funds: 132,179 839,240 961,797 1,707,411 (13) 158,086 931,229 (91,988) (10) Utilities & Labor Donated UTILITIES & LABOR DONATED TO 19,009 130,672 154,000 264,000 (15) 17,642 159,461 (28,788) (18) Total For Utilities & Labor Donated: 19,009 130,672 154,000 264,000 (15) 17,642 159,461 (28,788) (18) Total Operating Transfer Total For Total Operating Transfer: 151,188 969,913 1,115,797 1,971,411 (13) 175,729 1,090,690 (120,777) (11) Net Income Profit(Loss) (314,147) 208,630 527,395 1,573,740 (60) 56,082 (29,246) 237,877 813 71