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5.01g EMRUSR 11-12-2024
ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING SEPTEMBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric SEPTEMBER YTD BUDGET BUDGET Bud Var% SEPTEMBER YTD VARIANCE Actual Var% Revenue Operating Revenue Elk River ELECT SALES - ELK RIVER RESID 1,272,399 10,134,370 11,026,345 14,221,539 (8) 1,553,511 10,679,678 (545,308) (5) ELECT SALES - ELK RIVER NON-D 319,658 2,576,679 2,773,309 3,634,057 (7) 363,653 2,705,645 (128,965) (5) ELECT SALES - ELK RIVER DEMA 1,815,849 13,428,286 15,175,086 19,965,865 (12) 1,974,795 14,322,025 (893,738) (6) PCA SALES REVENUE- ELK RIVE 148,216 885,263 1,164,544 1,485,155 (24) 96,484 852,138 33,124 4 PCA SALES REVENUE - ELK RIVE 38,188 242,299 318,058 408,036 (24) 22,882 228,831 13,468 6 PCA SALES REVENUE - ELK RIVE 279,211 1,653,640 2,281,684 2,970,644 (28) 162,061 1,592,012 61,627 4 Total For Elk River: 3,873,522 28,920,539 32,739,029 42,685,299 (12) 4,173,389 30,380,331 (1,459,791) (5) Otsego ELECT SALES - OTSEGO RESIDEN 141,496 1,149,987 1,123,393 1,438,521 2 190,830 1,187,763 (37,775) (3) ELECT SALES - OTSEGO NON-DEM 50,395 379,575 364,849 477,265 4 64,291 379,980 (404) 0 ELECT SALES - OTSEGO DEMAND 142,969 1,137,680 868,656 1,154,078 31 161,654 1,075,446 62,234 6 PCA SALES REVENUE- OTSEGO R 16,301 98,806 127,183 162,572 (22) 11,844 93,279 5,527 6 PCA SALES REVENUE - OTSEGO N 6,164 35,987 46,377 58,535 (22) 4,196 32,827 3,159 10 PCA SALES REVENUE - OTSEGO D 21,731 138,656 171,586 223,596 (19) 13,802 118,748 19,907 17 Total For Otsego: 379,058 2,940,694 2,702,047 3,514,568 9 446,618 2,888,045 52,648 2 Rural Big Lake ELECT SALES - BIG LAKE RESIDE 15,767 142,044 169,191 216,883 (16) 22,700 152,926 (10,882) (7) ELECT SALES - BIG LAKE NON -DE 586 3,351 3,949 4,737 (15) 948 3,992 (640) (16) PCA SALES REVENUE - BIG LAKE 1,834 12,378 16,639 21,268 (26) 1,428 12,203 174 1 PCA SALES REVENUE - BIG LAKE 65 260 414 522 (37) 59 293 (32) (11) Total For Rural Big Lake: 18,254 158,034 190,194 243,411 (17) 25,137 169,415 (11,380) (7) Dayton ELECT SALES - DAYTON RESIDEN 18,131 151,346 177,231 224,525 (15) 25,582 164,602 (13,255) (8) ELECT SALES - DAYTON NON -DE 3,351 28,666 31,642 41,609 (9) 4,503 30,633 (1,966) (6) PCA SALES REVENUE - DAYTON R 2,084 12,908 17,594 22,385 (27) 1,583 12,844 63 0 PCA SALES REVENUE - DAYTON 359 2,394 3,312 4,231 (28) 264 2,373 20 1 Total For Dayton: 23,926 195,315 229,780 292,751 (15) 31,934 210,452 (15,137) (7) Public St & Hwy Lighting ELECT SALES - SEC LTS 21,732 195,496 195,000 260,000 0 21,611 194,200 1,295 1 Total For Public St & Hwy Lighting: 21,732 195,496 195,000 260,000 0 21,611 194,200 1,295 1 Other Electric Sales SUB -STATION CREDIT 400 3,600 3,600 4,800 0 400 3,600 0 0 a ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING SEPTEMBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric SEPTEMBER YTD BUDGET BUDGET Bud Var% SEPTEMBER YTD VARIANCE Actual Var% Total For Other Electric Sales: 400 3,600 3,600 4,800 0 400 3,600 0 0 Total Operating Revenue 4,316,895 32,413,680 36,059,652 47,000,831 (10) 4,699,091 33,846,046 (1,432,365) (4) Other Operating Revenue Interest/Dividend Income INTEREST & DIVIDEND INCOME 44,810 276,984 63,749 85,000 334 4,668 71,135 205,849 289 Total For Interest/Dividend Income: 44,810 276,984 63,749 85,000 334 4,668 71,135 205,849 289 Customer Penalties CUSTOMER DELINQUENT PENALT 29,770 208,444 213,750 285,000 (2) 39,991 234,808 (26,364) (11) Total For Customer Penalties: 29,770 208,444 213,750 285,000 (2) 39,991 234,808 (26,364) (11) Connection Fees DISCONNECT & RECONNECT CHA 11,025 263,407 101,250 135,000 160 15,470 100,356 163,051 162 Total For Connection Fees: 11,025 263,407 101,250 135,000 160 15,470 100,356 163,051 162 Misc Revenue MISC ELEC REVENUE - TEMP CHG 0 2,170 3,750 5,000 (42) 440 5,774 (3,604) (62) STREET LIGHT 0 23,400 7,500 10,000 212 0 1,800 21,600 1,200 TRANSMISSION INVESTMENTS 54,448 481,422 499,500 666,000 (4) 69,113 532,895 (51,473) (10) MISC NON -UTILITY 47,948 132,607 82,500 110,000 61 14,258 111,547 21,060 19 GAIN ON DISPOSITION OF PROPER 8,600 8,600 0 0 0 15,710 40,310 (31,710) (79) CONTRIBUTIONS FROM CUSTOME 124,568 666,113 168,750 225,000 295 15,135 313,139 352,973 113 Total For Misc Revenue: 235,565 1,314,313 762,000 1,016,000 72 114,656 1,005,468 308,845 31 Total Other Revenue 321,171 2,063,149 1,140,750 1,521,000 81 174,785 1,411,767 651,381 46 Total For Total Other Revenue: 321,171 2,063,149 1,140,750 1,521,000 81 174,785 1,411,767 651,381 46 Total Revenue 4,638,066 34,476,829 37,200,402 (7) 35,257,813 (2) 48,521,831 4,873,877 (780,984) Expenses Purchased Power PURCHASED POWER 2,309,805 17,404,205 19,328,681 24,250,423 (10) 2,307,862 18,517,039 (1,112,834) (6) ENERGY ADJUSTMENT CLAUSE 514,237 5,171,949 6,581,847 8,506,023 (21) 583,464 6,127,404 (955,455) (16) Total For Purchased Power: 2,824,042 22,576,155 25,910,528 32,756,447 (13) 2,891,326 24,644,444 (2,068,289) (8) Operating & Mtce Expense OPERATING SUPERVISION 13,288 103,100 98,250 131,000 5 9,647 89,885 13,214 15 DIESEL OIL FUEL 0 159 7,499 10,000 (98) 174 3,854 (3,695) (96) NATURAL GAS 359 12,951 22,800 33,000 (43) 337 21,844 (8,892) (41) a ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING SEPTEMBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric SEPTEMBER YTD BUDGET BUDGET Bud Var% SEPTEMBER YTD VARIANCE Actual Var% ELECTRIC & WATER CONSUMPTI 4,038 41,515 50,500 66,000 (18) 4,301 47,884 (6,369) (13) PLANT SUPPLIES & OTHER EXPEN 614 7,215 11,250 15,000 (36) 1,769 25,957 (18,742) (72) M1SC POWER GENERATION EXPE 0 501 6,000 8,000 (92) 97 3,717 (3,216) (87) MAINTENANCE OF STRUCTURE - 882 9,665 15,750 21,000 (39) 694 15,659 (5,993) (38) MTCE OF PLANT ENGINES/GENER 0 4,061 29,250 39,000 (86) 439 16,277 (12,215) (75) MTCE OF PLANT/LAND IMPROVE 0 15,882 29,000 46,000 (45) 296 24,409 (8,527) (35) Total For Operating & Mtce Expense: 19,183 195,054 270,300 369,000 (28) 17,757 249,491 (54,437) (22) Transmission Expense TRANSMISSION MTCE AND EXPE 2,889 40,857 54,000 72,000 (24) 5,405 49,431 (8,573) (17) Total For Transmission Expense: 2,889 40,857 54,000 72,000 (24) 5,405 49,431 (8,573) (17) Distribution Expense REMOVE EXISTING SERVICE & M 101 101 1,500 2,000 (93) 0 542 (441) (81) SCADA EXPENSE 5,049 36,850 33,750 45,000 9 6,103 39,731 (2,881) (7) TRANSFORMER EXPENSE OH & U 2,147 12,718 11,250 15,000 13 1,909 13,574 (855) (6) MTCE OF SIGNAL SYSTEMS 0 1,010 2,250 3,000 (55) 0 2,495 (1,485) (60) METER EXPENSE- REMOVE & RE 0 466 1,125 1,500 (58) 183 1,349 (883) (65) TEMP SERVICE - INSTALL & REM 116 338 5,249 7,000 (94) 433 5,739 (5,400) (94) MISC DISTRIBUTION EXPENSE 26,470 290,255 262,500 350,000 11 18,104 273,230 17,025 6 INTERCONNECTION CARRYING C 0 0 0 2,417 0 0 0 0 0 Total For Distribution Expense: 33,885 341,742 317,625 425,917 8 26,734 336,663 5,078 2 Maintenance Expense MTCE OF STRUCTURES 7,648 64,180 37,500 50,000 71 5,181 48,726 15,453 32 MTCE OF SUBSTATIONS 146 8,106 27,000 36,000 (70) 15,516 35,182 (27,075) (77) MTCE OF SUBSTATION EQUIPME (6,838) 80,926 59,249 79,000 37 4,558 43,261 37,664 87 MTCE OF OH LINES/TREE TRIM 1,813 214,225 180,000 230,000 19 1,689 178,521 35,704 20 MTCE OF OH LINES/STANDBY 4,392 32,946 29,999 40,000 10 2,382 26,410 6,536 25 MTCE OF OH PRIMARY 21,689 135,767 127,500 170,000 6 16,112 121,318 14,449 12 MTCE OF URD PRIMARY 12,119 202,098 164,999 220,000 22 19,138 173,847 28,251 16 LOCATE ELECTRIC LINES 11,695 77,462 82,500 110,000 (6) 10,717 75,995 1,466 2 LOCATE FIBER LINES 256 2,157 1,125 1,500 92 0 269 1,887 699 MTCE OF LINE TRANSFORMERS 699 38,028 45,000 60,000 (15) 3,308 69,145 (31,117) (45) MTCE OF STREET LIGHTING 9,839 58,751 37,500 50,000 57 (2,031) 28,533 30,217 106 MTCE OF SECURITY LIGHTING 1,144 17,942 11,250 15,000 59 1,854 14,656 3,285 22 MTCE OF METERS 5,056 52,059 60,000 80,000 (13) 11,912 52,971 (911) (2) VOLTAGE COMPLAINTS 169 4,612 9,000 12,000 (49) 1,230 9,705 (5,092) (52) 85 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING SEPTEMBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric SEPTEMBER YTD BUDGET BUDGET Bud Var% SEPTEMBER YTD VARIANCE Actual Var% SALARIES TRANSMISSION & DIST 2,921 22,940 22,500 30,000 2 2,239 20,921 2,019 10 ELECTRIC MAPPING 4,566 107,589 74,999 100,000 43 2,947 93,060 14,529 16 MTCE OF OH SECONDARY 1,966 15,650 18,749 25,000 (17) 1,571 19,322 (3,672) (19) MTCE OF URD SECONDARY 4,698 43,434 45,000 60,000 (3) 6,177 45,465 (2,031) (4) TRANSPORTATION EXPENSE 4,749 210,211 225,000 300,000 (7) 19,325 212,989 (2,778) (1) Total For Maintenance Expense: 88,733 1,389,091 1,258,875 1,668,500 10 123,833 1,270,305 118,786 9 Depreciation & Amortization DEPRECIATION 219,404 1,975,438 1,829,610 2,439,475 8 208,189 1,871,068 104,370 6 AMORTIZATION 55,677 501,101 501,102 668,136 0 55,677 501,101 0 0 Total For Depreciation & Amortization: 275,082 2,476,540 2,330,712 3,107,611 6 263,867 2,372,170 104,370 4 Interest Expense INTEREST EXPENSE - BONDS 68,246 628,871 628,871 845,673 0 71,400 656,492 (27,620) (4) AMORTIZATION OF DEBT DISCOU (4,988) (44,896) (44,896) (59,863) 0 (4,988) (44,896) 0 0 Total For Interest Expense: 63,257 583,974 583,974 785,810 0 66,412 611,595 (27,620) (5) Other Operating Expense EV CHARGING EXPENSE 248 1,934 2,324 3,100 (17) 209 1,550 383 25 LOSS ON DISPOSITION OF PROP (C (1,080) 3,025 155,800 155,800 (98) 0 13,073 (10,048) (77) OTHER DONATIONS 0 0 2,250 3,000 (100) 0 108 (108) (100) MUTUAL AID 0 27,519 0 0 0 0 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 4,827 42,956 37,500 50,000 15 4,055 35,676 7,279 20 Total For Other Operating Expense: 3,996 75,436 197,875 506,900 (62) 4,264 55,203 20,232 37 Customer Accounts Expense METER READING EXPENSE 4,507 35,234 35,250 47,000 0 4,178 31,367 3,866 12 DISCONNECT/RECONNECT EXPEN 1,679 11,743 16,499 22,000 (29) 2,965 17,627 (5,883) (33) MISC CUSTOMER ACCOUNTS EXP 33,545 264,752 258,750 345,000 2 28,769 249,133 15,618 6 BAD DEBT EXPENSE & RECOVER 888 12,736 18,749 25,000 (32) 216 24,179 (11,442) (47) Total For Customer Accounts Expense: 40,622 324,467 329,249 439,000 (1) 36,129 322,307 2,159 1 Administrative Expense SALARIES OFFICE & COMMISSION 77,832 666,132 681,000 908,000 (2) 61,586 595,502 70,630 12 TEMPORARY STAFFING 0 0 2,999 4,000 (100) 0 0 0 0 OFFICE SUPPLIES 5,229 66,505 93,750 125,000 (29) 5,592 92,010 (25,505) (28) ELECTRIC & WATER CONSUMPTI 2,480 20,996 29,999 40,000 (30) 2,472 22,670 (1,674) (7) BANK FEES 207 2,028 1,874 2,500 8 115 1,346 681 51 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING SEPTEMBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric SEPTEMBER YTD BUDGET BUDGET Bud Var% SEPTEMBER YTD VARIANCE Actual Var% LEGAL FEES 4,729 19,848 22,500 30,000 (12) 668 16,372 3,476 21 AUDITING FEES 1,640 13,960 16,499 22,000 (15) 1,623 15,569 (1,609) (10) INSURANCE 15,385 138,960 142,499 190,000 (2) 14,679 154,535 (15,575) (10) UTILITY SHARE - DEFERRED COM 5,669 97,955 90,000 120,000 9 7,008 99,957 (2,002) (2) UTILITY SHARE- MEDICAL/DENT 62,660 667,810 683,045 870,000 (2) 56,108 644,625 23,185 4 UTILITY SHARE - PERA 24,285 228,829 226,500 302,000 1 22,677 215,368 13,461 6 UTILITY SHARE - FICA 24,020 223,694 221,249 295,000 1 22,108 210,834 12,859 6 EMPLOYEE SICK PAY 11,395 122,922 123,750 165,000 (1) 6,623 114,758 8,164 7 EMPLOYEE HOLIDAY PAY 14,812 103,764 93,818 172,000 11 13,788 98,049 5,715 6 EMPLOYEE VACATION & PTO PA 22,829 260,486 211,181 275,000 23 31,242 219,258 41,227 19 UPM1C DISTRIBUTION 31,639 75,435 75,750 101,000 0 23,701 60,163 15,271 25 LONGEVITY PAY 0 2,920 2,920 6,964 0 0 12,868 (9,948) (77) CONSULTING FEES 6,643 40,307 73,199 97,600 (45) (682) 2,732 37,574 1,375 TELEPHONE (455) 22,878 28,500 38,000 (20) 2,974 27,839 (4,960) (18) ADVERTISING 663 9,640 14,249 19,000 (32) 1,848 10,914 (1,273) (12) DUES & SUBSCRIPTIONS - FEES 10,952 92,882 103,150 137,533 (10) 12,038 90,676 2,205 2 SCHOOLS & MEETINGS 24,744 155,652 199,000 274,894 (22) 16,481 169,084 (13,431) (8) MTCE OF GENERAL PLANT & OFFI 845 7,605 9,749 13,000 (22) 1,002 9,024 (1,419) (16) Total For Administrative Expense: 348,211 3,041,216 3,147,190 4,208,492 (3) 303,659 2,884,165 157,050 5 General Expense CIP REBATES - RESIDENTIAL 7,139 65,824 68,068 90,758 (3) 6,965 45,656 20,168 44 CIP REBATES - COMMERCIAL 54,327 98,271 83,999 112,000 17 11,420 54,432 43,839 81 CIP - ADMINISTRATION 10,611 143,085 137,223 182,965 4 487 11,024 132,060 1,198 CIP - MARKETING 2,956 38,979 38,426 51,235 1 7,118 33,920 5,059 15 CIP - LABOR 8,554 74,292 100,366 133,822 (26) 10,942 105,279 (30,986) (29) CIP REBATES - LOW INCOME 0 3,468 14,040 18,720 (75) 1,244 13,124 (9,656) (74) CIP - LOW INCOME LABOR 711 6,980 7,499 10,000 (7) 636 7,179 (199) (3) ENVIRONMENTAL COMPLIANCE 3,294 25,358 26,250 35,000 (3) 2,713 15,954 9,404 59 MISC GENERAL EXPENSE 610 2,720 1,874 2,500 45 163 6,208 (3,487) (56) Total For General Expense: 88,205 458,982 477,749 637,000 (4) 41,692 292,779 166,202 57 Total Expenses(before Operating Transfers) 3,788,110 31,503,518 34,878,080 44,976,678 (10) 3,781,084 33,088,559 (1,585,041) (5) Operating Transfer Operating Transfer/Other Funds TRANSFER TO CITY ELK RIVER R 155,642 1,163,132 1,309,561 1,707,411 (11) 167,632 1,254,080 (90,948) (7) ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING SEPTEMBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric SEPTEMBER YTD BUDGET BUDGET Bud Var% SEPTEMBER YTD VARIANCE Actual Var% Total For Operating Transfer/Other Funds: 155,642 1,163,132 1,309,561 1,707,411 (11) 167,632 1,254,080 (90,948) (7) Utilities & Labor Donated UTILITIES & LABOR DONATED TO 19,067 169,487 198,000 264,000 (14) 18,645 196,440 (26,953) (14) Total For Utilities & Labor Donated: 19,067 169,487 198,000 264,000 (14) 18,645 196,440 (26,953) (14) Total Operating Transfer Total For Total Operating Transfer: 174,710 1,332,619 1,507,561 1,971,411 (12) 186,278 1,450,521 (117,901) (8) Net Income Profit(Loss) 675,244 1,640,691 814,760 1,573,740 101 921,958 128 906,515 718,732