Loading...
5.1e EMRUSR 10-08-2024Water Revenue Operating Revenue Water Sales Total Operating Revenue Other Operating Revenue Interest/Dividend Income Customer Penalties Connection Fees Misc Revenue Total Other Revenue Total Revenue Expenses Production Expense Pumping Expense Distribution Expense Depreciation & Amortization Interest Expense Other Operating Expense Customer Accounts Expense Administrative Expense General Expense Total Expenses(before Operating Transfers) Operating Transfer Utilities & Labor Donated Total Operating Transfer Net Income Profit(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 Var% Item BUDGET Variance BUDGET 412,725 1,744,395 1,788,876 (44,481) -2.5% 2,788,003 451,194 2,137,171 (392,776)�(1) 412,725 1,744,395 1,788,876 (44,481) -2.5% 2,788,003 451,194 2,137,171 (392,776) -18.4% 19,338 71,855 27,667 44,188 41,500 4,058 28,096 43,759 �(2) 1,926 15,249 16,667 (1,417) -8.5% 25,000 3,693 14,281 969 6.8% 120,570 349,612 170,000 179,612 255,000 12,270 135,645 &, 213,967 �(3) 1,005 9,393 10,367 (974) -9.4% 618,786 975 10,516 (1,124) -10.7% 142,838 446,109 224,700 221,409 98.5% 940,286 20,996 188,538 257,570 136.6% 555,563 2,190,504 2,013,576 176,928 8.8% 3,728,289 472,190 2,325,709 (135,205) -5.8% 8,735 86,723 76,667 10,056 13.1% 115,000 8,472 70,789 (4) 57,678 395,210 430,449 (35,237) -9.2% 645,671 56,796 414.086 (18,976) -4.6% 28,564 241,819 292,456 422,250 27,932 242,409 (590) -0.2% (5) 100,522 807,098 766,000 41,099 5.4% 1,148,988 98,352 781,055 26,043 3.3% 2,712 23,099 23,099 0 0.0% 33,949 2,912 24,699 (1,600) -6.5% 60 902 2,200 (1,298) -59.0% 92,300 123 2,641 (1,739) -65.8% 8,590 62,684 61,167 1,518 2.5% 91,750 7,482 58,408 4,277 7.3% 91,411 655,575 729,656 (74,080) -10.2% 1,092,624 79,211 629,036 26,540 4.2% 286 2,168 10,167 (7,999) -78.7% 15,250 415 4,494 (2,326) -51.8% 298,558 2,275,279 2,391,859 (116,580) -4.9% 3,647,782 281,696 2,227,617 47,662 2.1% 0 0 1,000 (1,000)-100.0% 1,500 0 0 0 0.0% 0 0 1,000 (1,000)-100.0% 1,500 0 0 0 0.0% 257,005 (84,775) (379,283) 294,508 77.6% 79,007 190,494 98,093 (182,867)-186.4% Item Variance of+/- S15,000 and+/- 15% (1) PYTD variance is due to decreased usage. (2) 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. (3) YTD budget and PYTD variance due to a few large connection agreements in 2024. (4) PYTD variance is due to increased labor for mtce of structures. (5) YTD budget variance is mainly due to the budget amount for Mice of Water Mains having an even budget spread. 45