5.1d EMRUSR 10-08-2024Electric
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 Pro&t(Loss)
ELK RIVER MUNICIPAL UTILITIES
ELK RIVER, MINNESOTA
STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
FOR PERIOD ENDING AUGUST 2024
2024 2024 2024 YTD 2024 YTD 2024 2023 2023 YTD 2023 v. 2024 Variance
AUGUST YTD YTD Budget Bud Var% ANNUAL AUGUST YTD VARIANCE Actual Vat% Item
BUDGET Variance BUDGET
4,188,692
25,047,017
28,161,624
(3,114,607)
-11.1%
42,685,299
3,863,090
26,206,942
(1,159,925)
-4.4%
478,811
2,561,636
2,280,240
281,396
12.3%
3,514,568
376,573
2,441,427
120,209
4.9%
25,322
139,780
161,695
(21,916)
-13.6%
243,412
20,418
144,278
(4,498)
-3.V/o
32,700
171,389
194,653
(23,265)
-12.0%
292,752
26,224
178,518
(7,129)
-4.0%
21,738
173,764
173,333
431
0.2%
260,000
21,602
172,590
1,174
0.7%
400
3,200
3,200
0
0.0%
4,800
400
3,200
0
0.0%
4,747,663
28,096,785
30,974,745
(2,877,960)
-9.3`%
47,000,831
4,308,308
29,146,955
(1,050,169)
-3.6%
68,742
232,175
56,667
85,000
9,883
66,467 (1)
27,407
178,674
190,000
(11,326) -6.0% 285,000
32,012
194,817 (16,144) -8.3%
28,725
252.382
90,000
135,000
11,945
84.886 (2)
190,846
1,078,748
675,667
1,016,000
148,817
890,912 (3)
315,721 1,741,978 1,012.333 729,645 72.1% 1,521,000 202,656 1,236,982 504,997 40.8%
5,063,384 29,838,764 31,987,079 (2,148,315) -6.7% 48,521,831 4,510,964 30,383,936 (545,173) -1.8%
3,100,945
19,752,113
22,263,313
(2,511,200)
-11.3%
32,756,447
3,529,244
21,753,118
(2,001,005)
-9.2%
18,849
175,871
245,633
369,000
24,544
231,735
(4)
3,135
37,967
48,000
(10,033)
-20.9%
72,000
5,796
44,025
(6,058)
-13.8%
24,322
307,856
282,333
25,523
9.0%
425,917
30,933
309,929
(2,073)
-0.7%
147,573
1,300,358
1,138,000
162,358
14.3%
1,668,500
199,430
1,146,472
153,886
13.4%
275,335
2,201,458
2,071,744
129,714
6.3%
3,107,612
263,769
2,108,302
93,155
4.4%
63,258
520,717
520,717
0
0.0%
785,810
66,412
545,184
(24,467)
-4.5%
29,186
71,440
37,400
506,900
8,649
50,939
20,501
40.2% (5)
41,340
283,845
292,667
(8,822)
-3.0%
439,000
35,408
286.178
(2,333)
-0.8%
349,882
2,693,005
2,785,660
(92,655)
-3.3%
4,208,492
301,981
2,580,506
112,499
4.4%
64,747
370,777
424.667
(53,999)
-12.7%
637,000
29,782
251.088
(6)
4,118,572
27,715,408
30,110,134
(2,394,726)
-8.0%
44,976,679
4,495,948
29,307,476
(1,592,068)
-5.4%
168,249
1,007,490
1,126,465
(118,975)
-10.6%
1,707,412
155,220
1,086,449 (78,959) -7.3%
19,746
150,419
176.000
(25,591)
-14.5%
264,000
18,333
177.795 (7)
187,996
1,157,909
1,302,465
(144,555)
-11.1%
1,971,412
173,553
1,264,244 (106,334) -8.4%
756,816
965,446
574.480
390,966
68.1%
1,573,740
(158,536)
(187,783) 1,153,230 614.1%
Item Variance of+/- $25,000 and +/- 15%
(1) PYTD variance is due to the change in Fair Market Value of Investments. YTD budget variance due to conservative estimate and more funds being invested with UBS in 2024.
(2) YTD budget and PYTD variance due to large a large connection agreement in January and July 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 due to mutual aid, which is not a budgeted item. This is offset above in Mise Revenue - Misc Non -Utility.
(6) 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.
(7) PYTD variance is due to Furniture & Things energy audit in 2023.