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5.1h 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 Water AUGUST YTD BUDGET BUDGET Bud Var% AUGUST Revenue Operating Revenue Water Sales WATER SALES RESIDENTIAL WATER SALES COMMERCIAL WATER SALES IRRIGATION Total For Water Sales: Total Operating Revenue Total For Total Operating Revenue: Other Operating Revenue Interest/Dividend Income INTEREST & DIVIDEND INCOME OTHER INTEREST/MISC REVENUE Total For Interest/Dividend Income: Customer Penalties CUSTOMER PENALTIES Total For Customer Penalties: Connection Fees WATER/ACCESS/CONNECTION FE CUSTOMER CONNECTION FEES BULK WATER SALES/HYDRANT R Total For Connection Fees: Misc Revenue MISC NON -UTILITY TRANSFER IN FROM CITY MISCELLANEOUS REVENUE HYDRANT MAINTENANCE PROGR CONTRIBUTIONS FROM DEVELOP WATER TOWER LEASE Total For Misc Revenue: Total Other Revenue Total For Total Other Revenue: 2023 YTD 2023 v. 2024 YTD VARIANCE Actual Var% 216,140 979,158 1,063,343 1,595,403 (8) 221,384 1,241,337 (262,178) (21) 132,926 609,922 571,273 923,908 7 140,396 637,696 (27,774) (4) 63,657 155,314 154,258 268,691 1 89,412 259,136 (102,822) (40) 412,724 1,744,395 1,788,875 2,788,003 (2) 451,193 2,137,170 (392,775) (18) 412,724 1,744,395 1,788,875 2,788,003 (2) 451,193 2,137,170 (392,775) (18) 412,724 1,744,395 1,788,875 2,788,003 (2) 451,193 2,137,170 (392,775) (18) 18,778 71,295 26,666 40,000 167 4,058 27,552 43,743 159 558 558 1,000 1,500 (44) 0 543 15 3 19,337 71,854 27,666 41,500 160 4,058 28,095 43,758 156 1,925 15,249 16,666 25,000 (9) 3,693 14,280 968 7 1,925 15,249 16,666 25,000 (9) 3,693 14,280 968 7 113,454 315,285 133,333 200,000 136 10,800 112,715 202,569 180 7,114 21,562 20,000 30,000 8 892 8,743 12,819 147 0 12,764 16,666 25,000 (23) 577 14,186 (1,421) (10) 120,569 349,611 170,000 255,000 106 12,269 135,645 213,966 158 30 50 33 50 52 0 20 30 150 0 0 0 230,000 0 0 0 0 0 0 716 333 500 115 0 258 458 177 975 8,625 10,000 15,000 (14) 975 10,237 (1,611) (16) 0 0 0 65,000 0 0 0 0 0 0 0 0 308,236 0 0 0 0 0 1,005 9,392 10,366 618,786 (9) 975 10,516 (1,123) (11) 142,838 446,108 224,700 940,286 99 20,995 188,538 257,570 137 142,838 446,108 224,700 940,286 99 20,995 188,538 257,570 137 57 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 Water AUGUST YTD BUDGET BUDGET Bud Var% AUGUST YTD VARIANCE Actual Var% Total Revenue 555,562 2,190,503 2,013,575 3,728,289 9 472,189 2,325,709 (135,205) (6) Expenses Production Expense MTCE OF STRUCTURES 8,734 86,722 76,666 115,000 13 8,471 70,789 15,933 23 Total For Production Expense: 8,734 86,722 76,666 115,000 13 8,471 70,789 15,933 23 Pumping Expense SUPERVISION 6,140 46,468 45,000 67,500 3 4,837 41,287 5,181 13 ELECTRIC & GAS UTILITIES 24,792 172,047 223,447 335,171 (23) 35,002 224,315 (52,267) (23) SAMPLING 3,308 17,083 11,333 17,000 51 878 10,484 6,599 63 CHEMICAL FEED 8,094 27,124 35,333 53,000 (23) 7,720 33,307 (6,183) (19) MTCE OF WELLS 14,979 126,434 110,000 165,000 15 8,105 102,484 23,949 23 SCADA - PUMPING 362 6,051 5,333 8,000 13 251 2,206 3,845 174 Total For Pumping Expense: 57,677 395,210 430,447 645,671 (8) 56,795 414,086 (18,876) (5) Distribution Expense MTCE OF WATER MAINS 12,600 60,846 116,666 175,000 (48) 11,293 118,914 (58,068) (49) LOCATE WATER LINES 1,275 9,424 11,500 17,250 (18) 999 5,680 3,743 66 MTCE OF WATER SERVICES 0 0 333 500 (100) 56 240 (240) (100) WATER METER SERVICE 4,810 43,280 44,000 66,000 (2) 3,222 19,912 23,367 117 BACKFLOW DEVICE INSPECTION 2,702 14,191 14,956 20,000 (5) 2,234 13,729 461 3 MTCE OF CUSTOMERS SERVICE 2,823 21,927 22,000 33,000 0 2,710 20,075 1,852 9 WATER MAPPING 1,644 14,251 10,000 15,000 43 491 9,810 4,441 45 MTCE OF WATER HYDRANTS - PU 492 19,766 13,333 20,000 41 3,280 11,191 7,574 68 MTCE OF WATER HYDRANTS - PR 0 4,192 4,000 6,000 5 0 3,338 853 26 WATER CLOTHING/PPE 239 9,451 6,666 10,000 42 1,089 8,738 713 8 WAGES WATER 609 5,046 5,000 7,500 1 639 4,699 346 7 TRANSPORTATION EXPENSE 1,364 14,185 16,000 24,000 (11) 1,923 10,324 3,860 37 WATER PERMIT 0 26,255 28,000 28,000 (6) 0 15,752 10,502 67 Total For Distribution Expense: 28,563 241,818 292,456 422,250 (17) 27,932 242,409 (590) 0 Depreciation & Amortization DEPRECIATION 100,522 807,097 766,000 1,148,987 5 98,351 781,054 26,043 3 Total For Depreciation & Amortization: 100,522 807,097 766,000 1,148,987 5 98,351 781,054 26,043 3 Interest Expense INTEREST EXPENSE - BONDS 3,266 27,533 27,533 40,600 0 3,466 29,133 (1,600) (5) AMORTIZATION OF DEBT DTSCOU (554) (4,433) (4,434) (6,651) 0 (554) (4,433) 0 0 Total For Interest Expense: 2,712 23,099 23,099 33,949 0 2,912 24,699 (1,600) (6) 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 Water AUGUST YTD BUDGET BUDGET Bud Var% AUGUST YTD VARIANCE Actual Var% Other Operating Expense LOSS ON DISPOSITION OF PROP (C 0 0 0 14,000 0 0 0 0 0 DAM MAINTENANCE EXPENSE 0 177 1,333 2,000 (87) 18 1,707 (1,530) (90) PENSION EXPENSE 0 0 0 65,000 0 0 0 0 0 OTHER INTEREST EXPENSE 0 0 0 0 0 0 94 (94) (100) INTEREST EXPENSE - METER DEP 60 725 866 1,300 (16) 104 938 (113) (14) Total For Other Operating Expense: 60 902 2,200 82,300 (59) 123 2,640 (1,738) (66) Customer Accounts Expense METER READING EXPENSE 655 3,128 1,666 2,500 88 190 1,403 1,725 123 MISC CUSTOMER ACCOUNTS EXP 7,934 59,536 59,333 89,000 0 7,319 57,032 2,504 4 BAD DEBT EXPENSE & RECOVER 0 19 166 250 (89) (28) (28) 47 168 Total For Customer Accounts Expense: 8,589 62,684 61,166 91,750 2 7,482 58,407 4,276 7 Administrative Expense SALARIES OFFICE & COMMISSION 21,155 171,620 190,000 285,000 (10) 20,916 155,079 16,541 11 TEMPORARY STAFFING 0 0 666 1,000 (100) 0 0 0 0 OFFICE SUPPLIES 1,390 13,222 24,666 37,000 (46) 1,937 18,506 (5,283) (29) ELECTRIC & WATER CONSUMPTI 645 4,630 7,333 11,000 (37) 732 5,049 (418) (8) BANK FEES 69 470 400 600 18 61 320 150 47 LEGAL FEES 553 3,092 6,000 9,000 (48) 268 3,342 (250) (8) AUDITING FEES 410 3,626 4,000 6,000 (9) 405 4,032 (406) (10) INSURANCE 3,555 27,952 28,666 43,000 (2) 3,360 37,753 (9,801) (26) UTILITY SHARE - DEFERRED COM 1,546 15,440 14,000 21,000 10 1,143 15,646 (206) (1) UTILITY SHARE - MEDICAL/DENT 15,095 143,257 154,545 220,000 (7) 14,292 146,552 (3,294) (2) UTILITY SHARE - PERA 4,773 39,169 37,333 56,000 5 4,645 35,742 3,427 10 UTILITY SHARE - FICA 4,792 38,835 36,000 54,000 8 4,549 34,664 4,171 12 EMPLOYEE SICK PAY 5,533 20,062 19,333 29,000 4 2,089 18,327 1,734 9 EMPLOYEE HOLIDAY PAY (58) 15,969 14,545 32,000 10 0 14,662 1,307 9 EMPLOYEE VACATION & PTO PA 8,524 43,452 36,000 52,000 21 2,946 33,184 10,268 31 UPMIC DISTRIBUTION 0 9,752 10,500 21,000 (7) 0 6,284 3,468 55 WELLHEAD PROTECTION 0 0 1,360 2,000 (100) 0 6,861 (6,861) (100) LONGEVITY PAY 310 730 730 837 0 310 2,581 (1,851) (72) CONSULTING FEES 851 9,065 30,600 45,900 (70) 630 7,913 1,151 15 TELEPHONE 483 5,229 6,000 9,000 (13) 649 5,648 (418) (7) ADVERTISING 265 2,437 3,333 5,000 (27) 329 2,941 (503) (17) DUES & SUBSCRIPTIONS - FEES 15,649 58,719 64,100 88,114 (8) 14,915 52,556 6,162 12 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 Water AUGUST YTD BUDGET BUDGET Bud Var% AUGUST YTD VARIANCE Actual Var% SCHOOLS & MEETINGS 5,654 27,148 37,475 61,072 (28) 4,775 19,378 7,770 40 MTCE OF GENERAL PLANT & OFFI 211 1,688 2,066 3,100 (18) 250 2,005 (317) (16) Total For Administrative Expense: 91,411 655,575 729,655 1,092,623 (10) 79,210 629,035 26,539 4 General Expense CIP REBATES - RESIDENTIAL 224 596 3,333 5,000 (82) 370 1,111 (515) (46) CIP REBATES - COMMERCIAL 0 0 333 500 (100) 0 0 0 0 CIP - MARKETING 0 1,117 1,333 2,000 (16) 0 966 150 16 CIP - LABOR 0 0 3,333 5,000 (100) 0 1,288 (1,288) (100) ENVIRONMENTAL COMPLIANCE 61 454 1,666 2,500 (73) 44 1,151 (696) (60) MISC GENERAL EXPENSE 0 0 166 250 (100) 0 (24) 24 100 Total For General Expense: 286 2,167 10,166 15,250 (79) 415 4,493 (2,326) (52) Total Expenses(before Operating Transfers) 298,558 2,275,278 2,391,858 3,647,781 (5) 281,695 2,227,616 47,661 2 Operating Transfer Utilities & Labor Donated WATER & LABOR DONATED TO Cl 0 0 1,000 1,500 (100) 0 0 0 0 Total Operating Transfer Total For Total Operating Transfer: 0 0 1,000 1,500 (100) 0 0 0 0 Net Income Profit(Loss) 257,004 (84,774) (379,283) 79,007 78 190,493 98,092 (182,867) (186)