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5.02b EMRUSR 11-12-2024
ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA 2025 ELECTRIC BUDGET 2025Annual 2024Annuat 2023Annuat Electric Budget Budget Actual Revenue Operating Revenue Elk River 440.4411 ELECT SALES- ELK RIVER RESIDENTIAL 14,008,158 14,221,539 13,774,416 440.4412 ELECT SALES - ELK RIVER NON -DEMAND 3,561,585 3,634,058 3,545,392 440.4413 ELECT SALES - ELK RIVER DEMAND 18,661,634 19,965,866 18,843,492 440.4461 PCA SALES REVENUE- ELK RIVER RESIDENTIA 1,476,006 1,485,155 1,040,554 440.4462 PCA SALES REVENUE - ELK RIVER NON -DEMAND 410,513 408,037 283,171 440.4463 PCA SALES REVENUE - ELK RIVER DEMAND 2,819,833 2,970,644 1,998,310 Total for Elk River: 40,937,730 42,685,299 39,485,335 Otsego 440.4416 ELECT SALES- OTSEGO RESIDENTIAL 1,546,756 1,438,521 1,520,947 440.4417 ELECT SALES - OTSEGO NON -DEMAND 499,327 477,265 497,057 440.4418 ELECT SALES - OTSEGO DEMAND 1,587,578 1,154,078 1,428,814 440.4464 PCA SALES REVENUE- OTSEGO RESIDENTIAL 162,978 162,572 113,642 440.4465 PCA SALES REVENUE - OTSEGO NON -DEMAND 45,328 58,535 41,419 440.4466 PCA SALES REVENUE - OTSEGO DEMAND 218,346 223,597 150,238 Total for Otsego: 4,060,313 3,514,568 3,752,117 Rural Big Lake 440.4421 ELECT SALES- BIG LAKE RESIDENTIAL 199,360 216,884 196,033 440.4422 ELECT SALES - BIG LAKE NON -DEMAND 4,811 4,737 4,789 440.4467 PCA SALES REVENUE- BIG LAKE RESIDENTIAL 21,006 21,268 14,868 440.4468 PCA SALES REVENUE - BIG LAKE NON -DEMAND 5,842 522 340 Total for Rural Big Lake: 231,019 243,412 216,030 Dayton 440.4431 ELECT SALES- DAYTON RESIDENTIAL 212,064 224,526 208,525 440.4432 ELECT SALES - DAYTON NON -DEMAND 40,466 41,610 40,282 440.4469 PCA SALES REVENUE- DAYTON RESIDENTIAL 22,345 22,385 15,521 440.447 PCA SALES REVENUE - DAYTON NON -DEMAND 6,215 4,231 2,958 Total for Dayton: 281,089 292,752 267,286 Public St & Hwy Lighting 440.4414 ELECT SALES - SEC LTS 260,000 260,000 259,191 Total for Public St&Hwy Lighting: 260,000 260,000 259,191 Other Electric Sales 440.455 SUB -STATION CREDIT 4,800 4,800 4,800 440.4554 RATE INCREASE Total for Other Electric Sales: 4,800 4,800 4,800 Total for Operating Revenue: 45,774,950 47,000,831 43,984,759 -2.6% Other Operating Revenue Interest/Dividend Income 460.4691 INTEREST& DIVIDEND INCOME 350,000 85,000 158,309 Total for Interest/Dividend Income: 350,000 85,000 158,309 Customer Penalties 470.4701 CUSTOMER DELINQUENT PENALTIES 285,000 285,000 308,374 Total for Customer Penalties: 285,000 285,000 308,374 Connection Fees 470.4702 DISCONNECT& RECONNECT CHARGE 150,000 135,000 151,296 Total for Connection Fees: 150,000 135,000 151,296 Misc Revenue 470.4703 MISC ELEC REVENUE - TEMP CHG 2,500 5,000 5,994 470.4704 STREETLIGHT 10,000 10,000 6,300 470.4715 TRANSMISSION INVESTMENTS 600,000 666,000 739,768 470.4722 MISC NON -UTILITY 110,000 110,000 182,451 470.4723 GAIN ON DISPOSITION OF PROPERTY 25,000 - 72,630 470.4739 PERA PENSION REVENUE - - 337 470.475 RENTAL PROPERTY INCOME - - - 470.477 CONTRIBUTIONS FROM CUSTOMERS 225,000 225,000 489,451 470.478 CONTRIBUTIONS FROM GRANTS Total for Misc Revenue: 972,500 1,016,000 1,496,931 Total Other Revenue Total for Total Other Revenue: 1,757,500 1,521,000 2,114,910 Total Revenue 47,532,450 48,521,831 46,099,669 -2.0% Expenses Purchased Power 540.5551 PURCHASED POWER 23,315,291 24,250,424 23,416,660 540.5553 ENERGY ADJUSTMENT CLAUSE 7,284,338 8,506,023 7,816,127 Total for Purchased Power: 30,599,628 32,756,447 31,232,787 -1.9% Operating & Mtce Expense 540.5461 OPERATING SUPERVISION 150,000 131,000 120,165 540.5471 DIESELOILFUEL - 10,000 3,915 Plant de -commissioning 540.5472 NATURAL GAS 30,000 33,000 28,240 540.5483 ELECTRIC& WATER CONSUMPTION - PLANT 65,000 66,000 62,628 540.5484 PLANT SUPPLIES & OTHER EXPENSE 15,000 15,000 27,882 540.5491 MISC POWER GENERATION EXPENSE 1,000 8,000 3,909 540.5521 MAINTENANCE OF STRUCTURE - PLANT 20,000 21,000 19,304 97 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA 2025 ELECTRIC BUDGET 2025Annual 2024Annuat 2023Annuat Electric Budget Budget Actual 540.5531 MTCE OF PLANT ENGINES/GENERATORS 5,000 39,000 19,571 540.5541 MTCE OF PLANT/LAND IMPROVEMENT 55,000 46,000 29,436 Total for Operating&Mtce Expense: 341,000 369,000 315,050 Transmission Expense 560.562 TRANSMISSION MTCE AND EXPENSE 76,000 72,000 63,810 Total for Transmission Expense: 76,000 72,000 63,810 Distribution Expense 580.5801 REMOVE EXISTING SERVICE & METERS 2,000 2,000 759 580.5821 SCADA EXPENSE 60,000 45,000 53,498 580.5831 TRANSFORMER EXPENSE OH & URD 25,000 15,000 19,018 580.5851 MTCE OF SIGNAL SYSTEMS 3,000 3,000 2,667 580.5861 METER EXPENSE -REMOVE & RESET 1,500 1,500 1,610 580.5871 TEMP SERVICE - INSTALL&REMOVE 10,000 7,000 9,206 580.5881 MISC DISTRIBUTION EXPENSE 420,000 350,000 345,140 580.589 INTERCONNECTION CARRYING CHARGE 2,417 2,416 Total for Distribution Expense: 521,500 425,917 434,314 Maintenance Expense 590.5911 MTCE OF STRUCTURES 92,000 50,000 71,216 590.5921 MTCE OF SUBSTATIONS 45,000 36,000 40,623 590.5922 MTCE OF SUBSTATION EQUIPMENT 150,000 79,000 79,615 590.5931 MTCE OF OH LINES/TREE TRIM 300,000 230,000 225,909 Contractor -Jan-Apr, Nov -Dec 590.5932 MTCE OF OH LINES/STANDBY 50,000 40,000 36,654 590.5933 MTCE OF OH PRIMARY 190,000 170,000 152,226 590.5941 MTCE OF URD PRIMARY 300,000 220,000 214,304 590.5943 LOCATE ELECTRIC LINES 125,000 110,000 105,451 590.59" LOCATE FIBER LINES 2,500 1,500 624 590.5951 MTCE OF LINE TRANSFORMERS 75,000 60,000 83,650 590.5961 MTCE OF STREET LIGHTING 69,000 50,000 48,781 590.5962 MTCE OF SECURITY LIGHTING 25,000 15,000 18,471 590.5971 MTCE OF METERS 80,000 80,000 69,871 590.5972 VOLTAGE COMPLAINTS 12,000 12,000 10,389 590.5981 SALARIES TRANSMISSION & DISTRIBUTION 33,000 30,000 28,029 590.5985 ELECTRIC MAPPING 155,000 100,000 111,093 590.5986 FIBER MAPPING 15,000 - - 590.5991 MTCE OF OH SECONDARY 23,000 25,000 26,387 590.5992 MTCE OF URD SECONDARY 75,000 60,000 68,402 590.5995 TRANSPORTATION EXPENSE 325,000 300,000 279,657 Increased labor and fuel costs Total for Maintenance Expense: 2,141,500 1,668,500 1,671,352 Depreciation & Amortization 595.8031 DEPRECIATION 2,675,241 2,439,476 2,508,985 595.8032 AMORTIZATION 668,136 668,136 668,135 Total for Depreciation&Amortization: 3,343,377 3,107,612 3,177,120 Interest Expense 596.8071 INTEREST EXPENSE -BONDS 794,932 845,673 870,693 597.8281 AMORTIZATION OF DEBT DISCOUNT/PREMIUM (59,863) (59,863) (59,862) Total for Interest Expense: 735,069 785,810 810,831 Other Operating Expense 597.8165 EV CHARGING EXPENSE 1,400 3,100 6,552 597.8213 LOSS ON DISPOSITION OF PROP (CAPITAL) 160,000 155,800 13,073 Meters (due to AMl) 597.8263 OTHERDONATIONS 2,000 3,000 108 597.8265 MUTUAL AID - - 4,415 597.8302 PENSION EXPENSE 259,000 295,000 211,616 GASB68 597.8311 OTHER INTEREST EXPENSE - - 378 597.8341 INTEREST EXPENSE - METER DEPOSITS 60,000 50,000 47,921 Totatfor Other Operating Expense: 482,400 506,900 284,063 Customer Accounts Expense 900.9021 METER READING EXPENSE 35,000 47,000 43,805 900.903 DISCONNECT/RECONNECT EXPENSE 10,000 22,000 20,348 900.9051 MISC CUSTOMER ACCOUNTS EXPENSE UTILITY 400,000 345,000 340,258 900.9061 BAD DEBT EXPENSE & RECOVERY 25,000 25,000 29,142 Total for Customer Accounts Expense: 470,000 439,000 433,553 Administrative Expense 920.9201 SALARIES OFFICE & COMMISSION 1,080,000 908,000 792,284 Specialist, 4.54% wage adjustment 1/1 920.9205 TEMPORARY STAFFING 4,000 4,000 - 920.9211 OFFICE SUPPLIES 135,000 125,000 113,010 920.9212 ELECTRIC& WATER CONSUMPTION -OFFICE 32,000 40,000 27,148 920.9213 BANK FEES 3,000 2,500 1,886 920.9221 LEGAL FEES 30,000 30,000 20,028 920.9231 AUDITING FEES 20,640 22,000 20,439 920.9241 INSURANCE 195,000 190,000 201,330 920.926 UTILITY SHARE -DEFERRED COMP 128,500 120,000 116,375 920.9261 UTILITY SHARE - MEDICAUDENTAL/DISABIL 942,322 870,000 824,442 19.5% projected medical ins increase 920.9262 UTILITY SHARE -PERA 325,000 302,000 286,887 920.9263 UTILITY SHARE - FICA 320,000 295,000 280,348 920.9264 EMPLOYEE SICK PAY 205,000 165,000 175,686 920.9265 EMPLOYEE HOLIDAY PAY 195,000 172,000 168,236 920.9266 EMPLOYEE VACATION & PTO PAY 325,000 275,000 279,368 920.9267 UPMIC DISTRIBUTION 129,000 101,000 88,867 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA 2025 ELECTRIC BUDGET Electric 920.929 LONGEVITY PAY 920.9291 CONSULTING FEES 920.9301 TELEPHONE 920.9302 ADVERTISING 920.9303 DUES&SUBSCRIPTIONS - FEES 920.9305 SCHOOLS & MEETINGS 920.9321 MTCE OF GENERAL PLANT &OFFICE HEATING Total for Administrative Expense: General Expense 920.9269 CIP REBATES - RESIDENTIAL 920.927 CIP REBATES - COMMERCIAL 920.9271 CIP-ADMINISTRATION 920.9272 CIP- MARKETING 920.9273 CIP - LABOR 920.9274 CIP REBATES - LOW INCOME 920.9275 CIP - LOW INCOME LABOR 920.9281 ENVIRONMENTAL COMPLIANCE 920.9306 MISC GENERAL EXPENSE Total for General Expense: Total Expenses )before Operating Transfers) Operating Transfer Operati ng Transfer/Other Funds 597.8262 TRANSFER TO CITY ELK RIVER REVENUE Total for Operating Transfer/Other Funds: 2025Annual 2024Annuat 2023Annuat Budget Budget Actual 9,945 6,964 15,168 125,000 97,600 2,732 NISC, Rate Study, Power Plant, Arc Flash 38,000 38,000 36,236 20,000 19,000 13,765 146,859 137,534 124,702 287,433 274,895 223,111 11,000 13,000 9,847 4,707,699 4,208,492 3,821,895 90,758 90,758 60,902 112,000 112,000 71,268 182,965 182,965 27,286 51,235 51,235 36,225 133,822 133,822 138,208 18,720 18,720 16,193 10,000 10,000 9,391 35,000 35,000 23,454 5,300 2,500 5,108 639,800 637,000 388,035 44,057,974 44,976,679 42,632,810 -2.0% 1,637,509 1,707,412 1,620,377 4%of Elk River Sales 1,637,509 1,707,412 1,620,377 Utilities & Labor Donated 597.8261 UTILITIES& LABOR DONATED TO CITY 265,000 264,000 253,563 Total for Utilities&Labor Donated: 265,000 264,000 253,563 Total Operating Transfer Total for Total Operating Transfer: 1,902,509 1,971,412 1,873,940 Net Income Profit(Loss) 1,571,968 1,573,740 1,592,919 Total Expense Including Purchased Power 45,960,483 46,948,091 44,506,750 Budget Change Year over Year -2.1% Total Expense Less Purchased Power 15,360,854 14,191,643 13,273,963 Expense Budget Change Year over Year 8.2% • •