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5.01h 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 Water SEPTEMBER YTD BUDGET BUDGET Bud Var% SEPTEMBER 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 GAIN ON DISPOSITION OF PROPER 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% 171,174 1,150,332 1,280,038 1,595,403 (10) 269,218 1,510,556 (360,223) (24) 106,794 716,716 705,080 923,908 2 163,352 801,048 (84,332) (11) 54,252 209,566 214,863 268,691 (2) 86,094 344,231 (134,664) (39) 332,220 2,076,615 2,199,982 2,788,003 (6) 518,665 2,655,836 (579,220) (22) 332,220 2,076,615 2,199,982 2,788,003 (6) 518,665 2,655,836 (579,220) (22) 332,220 2,076,615 2,199,982 2,788,003 (6) 518,665 2,655,836 (579,220) (22) 12,724 84,020 29,999 40,000 180 2,891 30,443 53,576 176 0 558 1,125 1,500 (50) 0 543 15 3 12,724 84,578 31,124 41,500 172 2,891 30,987 53,591 173 2,979 18,229 18,749 25,000 (3) 3,250 17,530 698 4 2,979 18,229 18,749 25,000 (3) 3,250 17,530 698 4 47,979 363,264 150,000 200,000 142 29,190 141,905 221,358 156 4,044 25,606 22,500 30,000 14 2,750 11,494 14,112 123 3,946 16,710 18,749 25,000 (11) 619 14,805 1,905 13 55,969 405,581 191,250 255,000 112 32,559 168,205 237,376 141 25 75 37 50 100 20 40 35 90 0 0 0 230,000 0 0 0 0 0 0 0 0 0 0 2,940 2,940 (2,940) (100) 0 716 375 500 91 0 258 458 177 975 9,600 11,250 15,000 (15) 975 11,212 (1,611) (14) 0 0 0 65,000 0 0 0 0 0 0 0 0 308,236 0 0 0 0 0 1,000 10,393 11,662 618,786 (11) 3,935 14,451 (4,057) (28) 72,675 518,783 252,787 940,286 105 42,636 231,174 287,608 124 72,675 518,783 252,787 940,286 105 42,636 231,174 287,608 124 89 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 Water SEPTEMBER YTD BUDGET BUDGET Bud Var% SEPTEMBER YTD VARIANCE Actual Var% Total Revenue 404,895 2,595,399 2,452,770 3,728,289 6 561,301 2,887,011 (291,611) (10) Expenses Production Expense MTCE OF STRUCTURES 8,791 95,514 86,249 115,000 11 7,341 78,130 17,383 Total For Production Expense: 8,791 95,514 86,249 115,000 11 7,341 78,130 17,383 Pumping Expense SUPERVISION 6,557 53,025 50,625 67,500 5 5,319 46,606 6,419 ELECTRIC & GAS UTILITIES 23,969 196,016 251,378 335,171 (22) 23,564 247,879 (51,863) SAMPLING 977 18,060 12,750 17,000 42 878 11,362 6,698 CHEMICAL FEED 2,877 30,001 39,750 53,000 (25) 6,970 40,277 (10,275) MTCE OF WELLS 21,621 148,055 123,750 165,000 20 14,067 116,552 31,503 SCADA - PUMPING 3,954 10,006 6,000 8,000 67 347 2,553 7,452 Total For Pumping Expense: 59,956 455,166 484,253 645,671 (6) 51,146 465,232 (10,066) Distribution Expense MTCE OF WATER MAINS 13,106 73,952 131,249 175,000 (44) 7,608 126,523 (52,570) LOCATE WATER LINES 1,325 10,750 12,937 17,250 (17) 1,109 6,790 3,960 MTCE OF WATER SERVICES 0 0 375 500 (100) 0 240 (240) WATER METER SERVICE 5,576 48,856 49,500 66,000 (1) 4,489 24,401 24,454 BACKFLOW DEVICE INSPECTION 1,378 15,569 16,217 20,000 (4) 1,638 15,368 201 MTCE OF CUSTOMERS SERVICE 2,727 24,655 24,750 33,000 0 2,495 22,570 2,085 WATER MAPPING 986 15,238 11,250 15,000 35 1,329 11,139 4,099 MTCE OF WATER HYDRANTS - PU 680 19,446 15,000 20,000 30 47 11,239 8,207 MTCE OF WATER HYDRANTS - PR 0 4,192 4,500 6,000 (7) 269 3,607 584 WATER CLOTHING/PPE 0 9,451 7,499 10,000 26 117 8,855 596 WAGES WATER 750 5,797 5,625 7,500 3 574 5,274 522 TRANSPORTATION EXPENSE 1,472 15,657 18,000 24,000 (13) 1,199 11,523 4,133 WATER PERMIT 0 26,255 28,000 28,000 (6) 0 15,752 10,502 Total For Distribution Expense: 28,006 269,824 324,904 422,250 (17) 20,877 263,286 6,537 Depreciation & Amortization DEPRECIATION 100,101 907,199 861,750 1,148,987 5 97,591 878,646 28,553 Total For Depreciation & Amortization: 100,101 907,199 861,750 1,148,987 5 97,591 878,646 28,553 Interest Expense INTEREST EXPENSE - BONDS 3,266 30,799 30,799 40,600 0 3,466 32,599 (1,800) AMORTIZATION OF DEBT DISCOU (554) (4,988) (4,988) (6,651) 0 (554) (4,988) 0 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 Water SEPTEMBER YTD BUDGET BUDGET Bud Var% SEPTEMBER YTD VARIANCE Actual Var% Total For Interest Expense: 2,712 25,811 25,811 33,949 0 2,912 27,611 (1,800) (7) Other Operating Expense LOSS ON DISPOSITION OF PROP (C 0 0 14,000 14,000 (100) 0 0 0 0 DAM MAINTENANCE EXPENSE 0 177 1,500 2,000 (88) 0 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 60 785 974 1,300 (19) 104 943 (157) (17) Total For Other Operating Expense: 60 962 16,475 82,300 (94) 104 2,745 (1,782) (65) Customer Accounts Expense METER READING EXPENSE 617 3,746 1,874 2,500 100 216 1,619 2,126 131 MISC CUSTOMER ACCOUNTS EXP 8,410 67,947 66,750 89,000 2 7,449 64,481 3,465 5 BAD DEBT EXPENSE & RECOVER 0 19 187 250 (90) 0 (28) 47 168 Total For Customer Accounts Expense: 9,028 71,712 68,812 91,750 4 7,665 66,073 5,639 9 Administrative Expense SALARIES OFFICE & COMMISSION 22,981 194,601 213,750 285,000 (9) 18,011 173,091 21,510 12 TEMPORARY STAFFING 0 0 749 1,000 (100) 0 0 0 0 OFFICE SUPPLIES 1,584 14,807 27,749 37,000 (47) 1,298 19,805 (4,997) (25) ELECTRIC & WATER CONSUMPTI 620 5,251 8,250 11,000 (36) 618 5,667 (416) (7) BANK FEES 51 522 450 600 16 28 349 173 50 LEGAL FEES 785 3,877 6,750 9,000 (43) 119 3,461 415 12 AUDITING FEES 410 4,036 4,500 6,000 (10) 405 4,438 (402) (9) INSURANCE 3,555 31,507 32,249 43,000 (2) 3,303 41,057 (9,550) (23) UTILITY SHARE - DEFERRED COM 899 16,339 15,750 21,000 4 1,793 17,440 (1,100) (6) UTILITY SHARE - MEDICAL/DENT 15,545 158,803 170,909 220,000 (7) 13,579 160,131 (1,328) (1) UTILITY SHARE- PERA 4,903 44,073 42,000 56,000 5 4,189 39,931 4,141 10 UTILITY SHARE - FICA 4,734 43,570 40,500 54,000 8 3,972 38,636 4,933 13 EMPLOYEE SICK PAY 2,641 22,704 21,750 29,000 4 2,349 20,677 2,026 10 EMPLOYEE HOLIDAY PAY 3,126 19,096 17,454 32,000 9 2,700 17,362 1,733 10 EMPLOYEE VACATION & PTO PA 4,041 47,494 40,000 52,000 19 4,936 38,121 9,373 25 UPMIC DISTRIBUTION 6,274 16,027 15,750 21,000 2 4,683 10,967 5,059 46 WELLHEAD PROTECTION 0 0 1,530 2,000 (100) 0 6,861 (6,861) (100) LONGEVITY PAY 0 730 730 837 0 0 2,581 (1,851) (72) CONSULTING FEES 1,456 10,521 34,425 45,900 (69) 112 8,026 2,495 31 TELEPHONE 13 5,243 6,750 9,000 (22) 673 6,321 (1,077) (17) ADVERTISING 87 2,525 3,750 5,000 (33) 462 3,403 (878) (26) 91 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 Water SEPTEMBER YTD BUDGET BUDGET Bud Var% SEPTEMBER YTD VARIANCE Actual Var% DUES & SUBSCRIPTIONS - FEES 1,222 59,942 66,100 88,114 (9) 1,236 53,793 6,148 11 SCHOOLS & MEETINGS 5,877 33,026 44,875 61,072 (26) 6,015 25,394 7,632 30 MTCE OF GENERAL PLANT & OFFI 211 1,899 2,324 3,100 (18) 250 2,256 (357) (16) Total For Administrative Expense: 81,024 736,599 819,048 1,092,623 (10) 70,742 699,778 36,821 5 General Expense CIP REBATES - RESIDENTIAL 223 820 3,750 5,000 (78) 74 1,185 (365) (31) CIP REBATES - COMMERCIAL 0 0 375 500 (100) 0 0 0 0 CIP - MARKETING 0 1,117 1,500 2,000 (26) 0 966 150 16 CIP - LABOR 0 0 3,750 5,000 (100) 0 1,288 (1,288) (100) ENVIRONMENTAL COMPLIANCE 63 517 1,874 2,500 (72) 52 1,203 (685) (57) MISC GENERAL EXPENSE 0 0 187 250 (100) 0 (24) 24 100 Total For General Expense: 287 2,454 11,437 15,250 (79) 125 4,619 (2,165) (47) Total Expenses(before Operating Transfers) 289,968 2,565,246 2,698,743 3,647,781 (5) 258,508 2,486,125 79,121 3 Operating Transfer Utilities & Labor Donated WATER & LABOR DONATED TO Cl 0 0 1,125 1,500 (100) 0 0 0 0 Total Operating Transfer Total For Total Operating Transfer: 0 0 1,125 1,500 (100) 0 0 0 0 Net Income Profit(Loss) 114,927 30,152 (247,098) 79,007 112 (370,732) (92) 302,793 400,885