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5.1g EMRUSR 10-08-2024
ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING AUGUST 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 AUGUST YTD BUDGET BUDGET Bud Var% AUGUST 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,614,991 365,390 1,822,131 141,625 32,317 212,236 4,188,692 196,583 68,772 169,123 17,205 6,312 20,812 478,810 22,481 784 1,988 67 25,322 25,748 4,338 2,254 358 32,699 21,737 21,737 400 8,861,971 2,257,021 11,612,437 737,046 204,111 1,374,428 25,047,017 1,008,490 329,180 994,711 82,505 29,823 116,924 2,561,635 126,276 2,764 10,543 194 139,779 133,215 25,314 10,823 2,034 171,388 173,764 173,764 3,200 9,422,406 2,400,561 13,082,666 996,815 277,040 1,982,133 28,161,623 942,904 303,117 738,085 108,865 40,377 146,887 2,280,239 144,076 3,010 14,243 364 161,695 149,686 26,990 15,092 2,883 194,653 173,333 173,333 3,200 51 2023 YTD 2023 v. 2024 YTD VARIANCE Actual Var% 14,221,539 (6) 1,345,753 9,126,167 (264,196) 3,634,057 (6) 314,197 2,341,991 (84,970) 19,965,865 (11) 1,841,527 12,347,229 (734,791) 1,485,155 (26) 120,058 755,654 (18,607) 408,036 (26) 28,315 205,948 (1,837) 2,970,644 (31) 213,237 1,429,950 (55,521) 42,685,299 (11) 3,863,089 26,206,942 (1,159,925) 1,438,521 7 154,555 996,932 11,558 477,265 9 51,152 315,688 13,492 1,154,078 35 136,670 913,792 80,918 162,572 (24) 13,693 81,435 1,070 58,535 (26) 4,792 28,631 1,191 223,596 (20) 15,707 104,946 11,978 3,514,568 12 376,573 2,441,426 120,209 216,883 (12) 17,922 130,225 (3,948) 4,737 (8) 816 3,043 (279) 21,268 (26) 1,606 10,774 (231) 522 (47) 73 233 (39) 243,411 (14) 20,418 144,277 (4,498) 224,525 (11) 20,432 139,019 (5,804) 41,609 (6) 3,683 26,129 (815) 22,385 (28) 1,801 11,260 (436) 4,231 (29) 306 2,108 (73) 292,751 (12) 26,224 178,518 (7,129) 260,000 0 21,602 172,589 1,174 260,000 0 21,602 172,589 1,174 4,800 0 400 3,200 0 (3) (4) (6) (2) (1) (4) (4) 1 4 9 1 4 11 5 0 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING AUGUST 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric AUGUST YTD BUDGET BUDGET Bud Var% AUGUST YTD VARIANCE Actual Var% Total For Other Electric Sales: 400 3,200 3,200 4,800 0 400 3,200 0 0 Total Operating Revenue 4,747,663 28,096,785 30,974,745 47,000,831 (9) 4,308,307 29,146,954 (1,050,169) (4) Other Operating Revenue interest/Dividend Income INTEREST & DIVIDEND INCOME 68,741 232,174 56,666 85,000 310 9,882 66,466 165,707 249 Total For Interest/Dividend Income: 68,741 232,174 56,666 85,000 310 9,882 66,466 165,707 249 Customer Penalties CUSTOMER DELINQUENT PENALT 27,407 178,673 190,000 285,000 (6) 32,011 194,817 (16,143) (8) Total For Customer Penalties: 27,407 178,673 190,000 285,000 (6) 32,011 194,817 (16,143) (8) Connection Fees DISCONNECT & RECONNECT CHA 28,725 252,382 90,000 135,000 180 11,945 84,886 167,496 197 Total For Connection Fees: 28,725 252,382 90,000 135,000 180 11,945 84,886 167,496 197 Misc Revenue MISC ELEC REVENUE - TEMP CHG 1,070 2,170 3,333 5,000 (35) 220 5,334 (3,164) (59) STREET LIGHT 0 23,400 5,000 10,000 368 0 1,800 21,600 1,200 TRANSMISSION INVESTMENTS 69,997 426,973 444,000 666,000 (4) 71,936 463,782 (36,809) (8) MISC NON -UTILITY 22,081 84,659 73,333 110,000 15 9,374 97,289 (12,630) (13) GAIN ON DISPOSITION OF PROPER 0 0 0 0 0 0 24,600 (24,600) (100) CONTRIBUTIONS FROM CUSTOME 97,697 541,545 150,000 225,000 261 67,285 298,004 243,540 82 Total For Misc Revenue: 190,846 1,078,747 675,666 1,016,000 60 148,816 890,811 187,936 21 Total Other Revenue 315,720 1,741,978 1,012,333 1,521,000 72 202,656 1,236,981 504,996 41 Total For Total Other Revenue: 315,720 1,741,978 1,012,333 1,521,000 72 202,656 1,236,981 504,996 41 Total Revenue 5,063,383 29,838,763 31,987,078 (7) 4,510,964 30,383,936 48,521,831 (545,172) (2) Expenses Purchased Power PURCHASED POWER 2,505,227 15,094,400 16,573,477 24,250,423 (9) 2,702,306 16,209,177 (1,114,776) (7) ENERGY ADJUSTMENT CLAUSE 595,717 4,657,712 5,689,835 8,506,023 (18) 826,937 5,543,940 (886,228) (16) Total For Purchased Power: 3,100,944 19,752,112 22,263,312 32,756,447 (11) 3,529,244 21,753,118 (2,001,005) (9) Operating & Mtce Expense OPERATING SUPERVISION 11,086 89,812 87,333 131,000 3 11,082 80,238 9,574 12 DIESEL OIL FUEL 0 159 6,666 10,000 (98) 22 3,679 (3,520) (96) NATURAL GAS 359 12,591 22,400 33,000 (44) 360 21,507 (8,915) (41) a ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING AUGUST 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric AUGUST YTD BUDGET BUDGET Bud Var% AUGUST YTD VARIANCE Actual Var% ELECTRIC & WATER CONSUMPTI 4,270 37,476 45,900 66,000 (18) 5,930 43,583 (6,106) (14) PLANT SUPPLIES & OTHER EXPEN 33 6,601 10,000 15,000 (34) 3,425 24,188 (17,587) (73) MISC POWER GENERATION EXPE 0 501 5,333 8,000 (91) 155 3,620 (3,119) (86) MAINTENANCE OF STRUCTURE - 2,510 8,783 14,000 21,000 (37) 2,138 14,965 (6,181) (41) MTCE OF PLANT ENGINES/GENER 0 4,061 26,000 39,000 (84) 622 15,838 (11,776) (74) MTCE OF PLANT/LAND IMPROVE 588 15,882 28,000 46,000 (43) 806 24,113 (8,231) (34) Total For Operating & Mtee Expense: 18,848 175,871 245,633 369,000 (28) 24,543 231,734 (55,863) (24) Transmission Expense TRANSMISSION MTCE AND EXPE 3,135 37,967 48,000 72,000 (21) 5,795 44,025 (6,057) (14) Total For Transmission Expense: 3,135 37,967 48,000 72,000 (21) 5,795 44,025 (6,057) (14) Distribution Expense REMOVE EXISTING SERVICE & M 0 0 1,333 2,000 (100) 0 542 (542) (100) SCADA EXPENSE 4,012 31,800 30,000 45,000 6 5,038 33,628 (1,828) (5) TRANSFORMER EXPENSE OH & U 1,564 10,570 10,000 15,000 6 1,742 11,664 (1,093) (9) MTCE OF SIGNAL SYSTEMS 0 1,010 2,000 3,000 (50) 698 2,495 (1,485) (60) METER EXPENSE - REMOVE & RE 0 466 1,000 1,500 (53) 0 1,166 (699) (60) TEMP SERVICE - INSTALL & REM 0 222 4,666 7,000 (95) 217 5,305 (5,083) (96) MISC DISTRIBUTION EXPENSE 18,744 263,785 233,333 350,000 13 23,246 255,125 8,659 3 INTERCONNECTION CARRYING C 0 0 0 2,417 0 0 0 0 0 Total For Distribution Expense: 24,321 307,856 282,333 425,917 9 30,933 309,929 (2,073) (1) Maintenance Expense MTCE OF STRUCTURES 7,556 56,532 33,333 50,000 70 6,577 43,545 12,997 30 MTCE OF SUBSTATIONS 0 7,960 24,000 36,000 (67) 549 19,665 (11,705) (60) MTCE OF SUBSTATION EQUIPME 5,754 87,765 52,666 79,000 67 6,114 38,703 49,061 127 MTCE OF OH LINES/TREE TRIM 1,813 212,412 179,000 230,000 19 8,478 176,831 35,580 20 MTCE OF OH LINES/STANDBY 3,324 28,553 26,666 40,000 7 3,051 24,027 4,526 19 MTCE OF OH PRIMARY 22,623 114,078 113,333 170,000 1 14,463 105,205 8,872 8 MTCE OF URD PRIMARY 31,497 189,979 146,666 220,000 30 30,789 154,709 35,269 23 LOCATE ELECTRIC LINES 9,511 65,767 73,333 110,000 (10) 9,842 65,278 489 1 LOCATE FIBER LINES 511 1,901 1,000 1,500 90 33 269 1,631 604 MTCE OF LINE TRANSFORMERS 5,734 37,329 40,000 60,000 (7) 52,620 65,837 (28,508) (43) MTCE OF STREET LIGHTING 13,170 48,911 33,333 50,000 47 9,291 30,564 18,347 60 MTCE OF SECURITY LIGHTING 3,011 16,797 10,000 15,000 68 1,529 12,801 3,996 31 MTCE OF METERS 3,637 47,002 53,333 80,000 (12) 5,218 41,058 5,944 14 VOLTAGE COMPLAINTS 507 4,442 8,000 12,000 (44) 1,865 8,474 (4,031) (48) 53 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING AUGUST 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric AUGUST YTD BUDGET BUDGET Bud Var% AUGUST YTD VARIANCE Actual Var% SALARIES TRANSMISSION & DIST 2,459 20,018 20,000 30,000 0 2,599 18,682 1,336 7 ELECTRIC MAPPING 4,264 103,023 66,666 100,000 55 6,618 90,113 12,910 14 MTCE OF OH SECONDARY 2,544 13,683 16,666 25,000 (18) 4,398 17,751 (4,067) (23) MTCE OF URD SECONDARY 8,945 38,735 40,000 60,000 (3) 10,049 39,287 (551) (1) TRANSPORTATION EXPENSE 20,704 205,461 200,000 300,000 3 25,347 193,664 11,797 6 Total For Maintenance Expense: 147,573 1,300,358 1,138,000 1,668,500 14 199,429 1,146,472 153,885 13 Depreciation & Amortization DEPRECIATION 219,657 1,756,034 1,626,320 2,439,475 8 208,090 1,662,878 93,155 6 AMORTIZATION 55,677 445,423 445,424 668,136 0 55,677 445,423 0 0 Total For Depreciation & Amortization: 275,334 2,201,457 2,071,744 3,107,611 6 263,768 2,108,302 93,155 4 Interest Expense INTEREST EXPENSE - BONDS 68,246 560,625 560,624 845,673 0 71,400 585,091 (24,466) (4) AMORTIZATION OF DEBT DISCOU (4,988) (39,908) (39,908) (59,863) 0 (4,988) (39,908) 0 0 Total For Interest Expense: 63,257 520,716 520,716 785,810 0 66,412 545,183 (24,466) (4) Other Operating Expense EV CHARGING EXPENSE 138 1,685 2,066 3,100 (18) 239 1,341 343 26 LOSS ON DISPOSITION OF PROP (C 0 4,105 0 155,800 0 0 13,073 (8,968) (69) OTHER DONATIONS 0 0 2,000 3,000 (100) 0 108 (108) (100) MUTUAL AID 24,218 27,519 0 0 0 4,415 4,415 23,103 523 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 4,829 39,129 33,333 50,000 14 3,993 31,620 6,508 21 Total For Other Operating Expense: 29,186 71,439 37,400 506,900 91 8,649 50,938 20,501 40 Customer Accounts Expense METER READING EXPENSE 5,255 30,726 31,333 47,000 (2) 3,653 27,188 3,537 13 DISCONNECT/RECONNECT EXPEN 1,625 10,064 14,666 22,000 (31) 2,869 14,661 (4,597) (31) MISC CUSTOMER ACCOUNTS EXP 31,050 231,206 230,000 345,000 1 28,388 220,363 10,842 5 BAD DEBT EXPENSE & RECOVER 3,408 11,848 16,666 25,000 (29) 496 23,963 (12,115) (51) Total For Customer Accounts Expense: 41,339 283,845 292,666 439,000 (3) 35,408 286,178 (2,333) (1) Administrative Expense SALARIES OFFICE & COMMISSION 72,423 588,300 605,333 908,000 (3) 71,088 533,916 54,383 10 TEMPORARY STAFFING 0 0 2,666 4,000 (100) 0 0 0 0 OFFICE SUPPLIES 6,961 61,275 83,333 125,000 (26) 12,188 86,417 (25,142) (29) ELECTRIC & WATER CONSUMPTI 2,581 18,515 26,666 40,000 (31) 2,929 20,198 (1,682) (8) BANK FEES 265 1,820 1,666 2,500 9 219 1,230 599 48 a ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING AUGUST 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric AUGUST YTD BUDGET BUDGET Bud Var% AUGUST YTD VARIANCE Actual Var% LEGAL FEES 3,050 15,119 20,000 30,000 (24) 1,265 15,704 (584) (4) AUDITING FEES 1,640 12,320 14,666 22,000 (16) 1,623 13,946 (1,626) (12) INSURANCE 15,385 123,575 126,666 190,000 (2) 14,905 139,856 (16,281) (12) UTILITY SHARE - DEFERRED COM 8,248 92,286 80,000 120,000 15 6,244 92,949 (663) (1) UTILITY SHARE - MEDICAL/DENT 61,735 605,150 620,727 870,000 (3) 58,566 588,516 16,633 3 UTILITY SHARE - PERA 25,892 204,543 201,333 302,000 2 24,969 192,690 11,852 6 UTILITY SHARE - FICA 25,261 199,673 196,666 295,000 2 24,961 189,726 10,947 6 EMPLOYEE SICK PAY 39,491 111,527 110,000 165,000 1 9,852 108,135 3,392 3 EMPLOYEE HOLIDAY PAY 0 88,951 78,I8I 172,000 14 0 84,260 4,691 6 EMPLOYEE VACATION & PTO PA 46,800 237,656 189,909 275,000 25 18,764 188,015 49,641 26 UPMIC DISTRIBUTION 0 43,795 50,500 101,000 (13) 0 36,462 7,333 20 LONGEVITY PAY 1,240 2,920 2,920 6,964 0 3,265 12,868 (9,948) (77) CONSULTING FEES 5,708 33,663 65,066 97,600 (48) 0 3,415 30,248 886 TELEPHONE 2,774 23,334 25,333 38,000 (8) 2,878 24,864 (1,530) (6) ADVERTISING 1,060 8,976 12,666 19,000 (29) 1,648 9,066 (89) (1 1) DUES & SUBSCRIPTIONS - FEES 9,996 81,930 91,689 137,533 (11) 9,598 78,638 3,291 4 SCHOOLS & MEETINGS 18,519 130,908 171,000 274,894 (23) 36,009 152,602 (21,694) (14) MTCE OF GENERAL PLANT & OFFI 845 6,760 8,666 13,000 (22) 1,002 8,021 (1,261) (16) Total For Administrative Expense: 349,881 2,693,005 2,785,660 4,208,492 (3) 301,980 2,580,505 112,499 4 General Expense CIP REBATES - RESIDENTIAL 7,732 58,685 60,505 90,758 (3) 5,500 38,691 19,994 52 CIP REBATES - COMMERCIAL 1,845 43,944 74,666 112,000 (41) 2,047 43,011 933 2 CIP - ADMINISTRATION 39,776 132,473 121,976 182,965 9 3,644 10,537 121,936 1,157 CIP - MARKETING 3,737 36,023 34,156 51,235 5 2,721 26,801 9,221 34 CIP - LABOR 7,618 65,738 89,214 133,822 (26) 12,314 94,336 (28,597) (30) CIP REBATES - LOW INCOME 0 3,468 12,480 18,720 (72) 0 11,879 (8,411) (71) CIP - LOW INCOME LABOR 789 6,268 6,666 10,000 (6) 849 6,543 (275) (4) ENVIRONMENTAL COMPLIANCE 3,293 22,064 23,333 35,000 (5) 2,708 13,240 8,823 67 MISC GENERAL EXPENSE (46) 2,110 1,666 2,500 27 (3) 6,045 (3,934) (65) Total For General Expense: 64,746 370,777 424,666 637,000 (13) 29,781 251,087 119,689 48 Total Expenses(before Operating Transfers) 4,118,571 27,715,407 30,110,133 44,976,678 (8) 4,495,947 29,307,475 (1,592,068) (5) Operating Transfer Operating Transfer/Other Funds TRANSFER TO CITY ELK RIVER R 168,249 1,007,490 1,126,464 1,707,411 (11) 155,219 1,086,448 (78,958) (7) I Electric ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING AUGUST 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 AUGUST YTD BUDGET BUDGET Bud Var% AUGUST YTD VARIANCE Actual Var% Total For Operating Transfer/Other Funds: 168,249 1,007,490 1,126,464 1,707,411 (11) 155,219 1,086,448 (78,958) (7) Utilities & Labor Donated UTILITIES & LABOR DONATED TO 19,746 150,419 176,000 264,000 (15) 18,333 177,794 (27,375) (15) Total For Utilities & Labor Donated: 19,746 150,419 176,000 264,000 (15) 18,333 177,794 (27,375) (15) Total Operating Transfer Total For Total Operating Transfer: 187,995 1,157,909 1,302,464 1,971,411 (11) 173,552 1,264,243 (106,334) (8) Net Income Profit(Loss) 756,815 965,446 574,479 1,573,740 68 (158,536) (187,783) 1,153,229 614 56