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5.01d EMRUSR 11-12-2024Electric 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 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING SEPTEMBER 2024 2024 2024 2024 YTD 2024 YTD 2024 2023 2023 YTD 2023 v. Variance SEPTEMBER YTD YTD Budget Bud Var% ANNUAL SEPTEMBER YTD VARIANCE 2024 Actual Item BUDGET Variance BUDGET Var% 3,873,523 28,920,540 32,739,029 (3,818,489) (12) 42,685,299 4,173,390 30,380,332 (1,459,792) (5) 379,058 2,940,694 2,702,048 238,647 9 3,514,568 446,619 2,888,045 52,649 2 18,255 158,034 190,195 W (32,160)- 243,412 25,137 169,415 (11,381) (7) (1) 23,926 195,315 229,781 (34,466) (15) 292,752 31,935 210,453 (15,138) (7) 21,732 195,497 195,000 497 0 260,000 21,611 194,201 1,296 1 400 3,600 3,600 0 0 4,800 400 3,600 0 0 4,316,895 32,413,680 36,059,652 (3,645,972) (10) 47,000,831 4,699,092 33,846,046 (1,432,366) (4) 44,810 276,985 63,750 W 213,235 - 85,000 4,668 71,135 205,850 -(2) 29,770 208,444 213,750 (5,306) (2) 285,000 39,991 234,808 (26,364) (11) 11,025 7 101,250 L 162157 =(4) 235,565 1,314,3013 762,000 552,313 1,016,000 114,657 1,005:468 308,845 321,171 2,063,149 1,140,750 922,399 81 1,521,000 174,786 1,411,768 651,382 46 4,638,066 34,476,830 37,200,403 (2,723,573) (7) 48,521,831 4,873,877 35,257,814 (780,984) (2) 2,824,043 22,576,155 25,910,529 (3,334,373) (13) 32,756,447 2,891,327 24,644,445 (2,068,289) (8) 19,184 195,055 270,300 = (75,245)- 369,000 17,757 249,492 LL (54,437)-(5) 2,890 40,857 54,000 (13,143) (24) 72,000 5,406 49,431 (8,574) (17) 33,886 341,742 317,625 24,117 8 425,917 26,734 336,664 5,078 2 88,733 1,389,092 1,258,875 130,217 10 1,668,500 123,833 1,270,306 118,786 9 275,083 2,476,540 2,330,712 145,828 6 3,107,612 263,868 2,372,170 104,370 4 63,258 583,975 583,975 0 0 785,810 66,412 611,596 (27,621) (5) 3,996 75,436 197,875 506,900 4,265 55,204 20,233 37 (6) 40,622 324,467 329,250 (4,783) (1) 439,000 36,129 322,308 2,160 1 348,211 3,041,217 3,147,190 (105,974) (3) 4,208,492 303,660 2,884,166 157,051 5 88,205 458,982 477,750 (18,767) (4) 637,000 41,692 292,780 f 166,203 (7) 3,788,111 31,503,519 34,878,081 (3,374,562) (10) 44,976,679 3,781,084 33,088,560 (1,585,041) (5) Operating Transfer/Other Funds 155,643 1,163,133 1,309,561 (146,429) (11) 1,707,412 167,632 1,254,081 (90,948) (7) Utilities & Labor Donated 19,068 169,487 198,000 (28,513) (14) 264,000 18,646 196,441 (26,954) (14) Total Operating Transfer 174,710 1,332,620 1,507,561 (174,941) (12) 1,971,412 186,278 1,450,522 (117,902) (8) Net Income Profit(Loss) 675,245 1,640 691 814,761 825,931 101 1,573,740 906,515 718,732 921,959 128 Item Variance of+/- $25,000 and+/- 15% (1) YTD budget variance is mainly due to Big Lake Residential 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 large a large connection agreement in January and July 2024. (4) YTD budget and PTYD variance is mainly due to Contributions from Customers having a couple large SOWs for transformers for additional service and/or upgrade. (5) YTD budget variance and PYTD variance is due to most expense accounts being favorable to budget and less than prior year. (6) YTD budget variance is due to loss on disposition of property being budgeted for AMI project. (7) PYTD variance is due to professional services from Frontier Energy in 2024. 7