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5.02c EMRUSR 11-12-2024
ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA 2025 WATER BUDGET 2025 Annual 2024 Annual 2023 Annual Water Budget Budget Actual Revenue Operating Revenue Water Sales 610.6101 Water Sales Residential 1,765,984 1,595,404 1,854,122 610.6102 Water Sales Commercial 1,022,683 923,908 1,048,578 610.6103 Water Sales Irrigation 347,644 268,691 402,446 Total for Water Sales: 3,136,310 2,788,003 3,305,146 Total Operating Revenue 3,136,310 2,788,003 3,305,146 Total for Total Operating Revenue: 3,136,310 2,788,003 3,305,146 Other Operating Revenue Interest/Dividend Income 460.4691 Interest & Dividend Income 150,000 40,000 57,359 460.4692 Otherinterest/Misc Revenue 1,000 11500 1,086 TotalforInterest/Dividend Income: 151,000 41,500 58,445 Customer Penalties 620.6301 Customer Penalties 28,000 25,000 23,117 TotalforCustomer Penalties: 28,000 25,000 23,117 Connection Fees 620.6401 WATER/ACCESS/CONNECTION FEES 255,000 200,000 253,340 620.6402 Customer Connection Fees 32,500 30,000 24,478 620.6407 Bulk Water Sales/Hydrant Rental 31,000 25,000 31,255 Total for Connection Fees: 318,500 255,000 309,073 Misc Revenue 470.4722 Misc Non -Utility 100 50 120 470.4739 Pera Pension Revenue - - 62 620.626 Transfer In From City - 230,000 1,348,941 620.6403 Miscellaneous Revenue 500 500 258 620.6323 Gain On Disposition Of Property 8,000 - 2,940 620.6404 HYDRANT MAINTENANCE PROGRAM - PRIVATE 15,000 15,000 14,493 620.6405 Contributions from Developers - 65,000 - 620.6406 Water Tower Lease 327,500 308,236 327,431 Will recognize at year-end 620.6416 Lease Interest Revenue 75,000 - 74,992 Will recognize at year-end TotalforMisc Revenue: 426,100 618,786 1,769,237 Total Other Revenue 923,600 940,286 2,159,872 Total for Total Other Revenue: 923,600 940,286 2,159,872 Total Revenue 4,059,910 3,728,289 5,465,018 Expenses Production Expense 700.7021 MTCE OF STRUCTURES 135,000 115,000 104,828 Total for Production Expense: 135,000 115,000 104,828 Pumping Expense 710.7101 SUPERVISION 75,000 67,500 63,017 710.7181 ELECTRIC&GAS UTILITIES 310,000 335,171 300,994 710.7182 SAMPLING 24,150 17,000 17,430 710.7183 CHEMICAL FEED 50,000 53,000 46,426 710.722 MTCE OF WELLS 200,000 165,000 131,604 710.723 SCADA- PUMPING 10,000 8,000 3,576 TotalforPumping Expense: 669,150 645,671 563,047 Distribution Expense 730.7301 MTCE OF WATER MAINS 175,000 175,000 144,493 730.7309 LOCATE WATER LINES 20,000 17,250 8,898 730.7311 MTCE OF WATER SERVICES 500 500 240 730.7312 WATER METER SERVICE 70,000 66,000 28,604 730.7316 BACKFLOW DEVICE INSPECTION 23,160 20,000 19,146 Labor and software expense 730.7321 MTCE OF CUSTOMERS SERVICE 35,000 33,000 30,328 730.7325 WATER MAPPING 17,000 15,000 17,752 730.7326 FIBER MAPPING 15,000 - - 730.7331 MTCE OF WATER HYDRANTS- PUBLIC 20,000 20,000 16,331 730.7332 MTCE OF WATER HYDRANTS- PRIVATE 7,000 6,000 3,665 100 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA 2025 WATER BUDGET 2025 Annual 2024 Annual 2023 Annual Water Budget Budget Actual 730.7341 WATER CLOTHING/PPE 15,000 10,000 10,352 730.7391 WAGES WATER 9,810 7,500 7,030 730.7395 TRANSPORTATION EXPENSE 25,000 24,000 15,831 Increased labor and fuel costs 730.7399 WATER PERMIT 27,000 28,000 15,752 Increased summer water use fees Total for Distribution Expense: 459,470 422,250 318,422 Depreciation & Amortization 595.8031 DEPRECIATION 1,329,082 1,148,988 1,174,752 Total for Depreciation & Amortization: 1,329,082 1,148,988 1,174,752 Interest Expense 596.8071 INTEREST EXPENSE - BONDS 38,117 40,600 43,000 597.8281 AMORTIZATION OF DEBT DISCOUNT/PREMIUM (6,651) (6,651) (6,650) Totalfor Interest Expense: 31,466 33,949 36,350 Other Operating Expense 597.8213 LOSS ON DISPOSITION OF PROP (CAPITAL) 18,000 14,000 - Meters (due to AMI) 597.8264 DAM MAINTENANCE EXPENSE - 2,000 1,876 597.8302 PENSION EXPENSE 44,000 65,000 19,334 GASB 68 597.8311 OTHER INTEREST EXPENSE - - 94 597.8341 INTEREST EXPENSE - METER DEPOSITS 750 1,300 1,262 Totalfor Other Operating Expense: 62,750 82,300 22,566 Customer Accounts Expense 900.9021 METER READING EXPENSE 7,000 2,500 2,238 900.9051 MISC CUSTOMER ACCOUNTS EXPENSE UTILITY 98,000 89,000 86,429 900.9061 BAD DEBT EXPENSE & RECOVERY 250 250 (28) Totalfor Customer Accounts Expense: 105,250 91,750 88,639 Administrative Expense 920.9201 SALARIES OFFICE & COMMISSION 279,000 285,000 230,045 Specialist, 4.54% wage adjustment 1/1 920.9205 TEMPORARY STAFFING 1,000 1,000 - 920.9211 OFFICE SUPPLIES 30,000 37,000 24,421 920.9212 ELECTRIC & WATER CONSUMPTION - OFFICE 7,000 11,000 6,787 920.9213 BANK FEES 700 600 484 920.9221 LEGAL FEES 5,000 9,000 4,375 920.9231 AUDITING FEES 6,700 6,000 5,655 920.9241 INSURANCE 45,000 43,000 51,107 920.926 UTILITY SHARE -DEFERRED COMP 24,100 21,000 21,515 920.9261 UTILITYSHARE- MEDICAL/DENTAL/DISABIL 269,977 220,000 202,874 19.5% projected medical ins increase 920.9262 UTILITY SHARE -PERA 69,000 56,000 52,775 920.9263 UTILITY SHARE - FICA 65,000 54,000 50,873 920.9264 EMPLOYEE SICK PAY 40,000 29,000 28,323 920.9265 EMPLOYEE HOLIDAY PAY 42,000 32,000 30,911 920.9266 EMPLOYEE VACATION & PTO PAY 66,000 52,000 48,487 920.9267 UPMIC DISTRIBUTION 27,500 21,000 16,347 920.929 LONGEVITY PAY 2,130 837 2,581 920.9268 WELLHEAD PROTECTION 2,000 2,000 6,861 920.9291 CONSULTING FEES 36,000 45,900 10,266 AE2S, NISC, Rate Study, Power Plant 920.9301 TELEPHONE 8,250 9,000 8,249 920.9302 ADVERTISING 5,000 5,000 4,116 920.9303 DUES&SUBSCRIPTIONS - FEES 88,761 88,114 73,689 920.9305 SCHOOLS & MEETINGS 60,857 61,073 36,453 920.9321 MTCE OF GENERAL PLANT & OFFICE HEATING 2,750 3,100 2,461 Total for Administrative Expense: 1,183,725 1,092,624 919,655 101 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA 2025 WATER BUDGET Water General Expense 920.9269 CIPREBATES- RESIDENTIAL 920.927 CIPREBATES- COMMERCIAL 920.9272 CIP- MARKETING 920.9273 CIP - LABOR 920.9281 ENVIRONMENTAL COMPLIANCE 920.9306 MISC GENERAL EXPENSE 2025 Annual 2024Annual 2023Annual Budget Budget Actual 5,000 5,000 1,185 500 500 - 2,000 2,000 966 5,000 5,000 1,288 2,000 2,500 1,364 250 250 (669) Total for General Expense: 14,750 15,250 4,134 Total Expenses (before Operating Transfers) Operating Transfer Utilities & Labor Donated 597.8261 WATER & LABOR DONATED TO CITY 2,000 1,500 Total Operating Transfer TotalforTotalOperating Transfer: 2,000 11500 - Net Income Profit(Loss) 67,267 79,007 2,232,625 Budget Change Year over Year -14.9% Total Expense 3,992,643 3,649,282 3,232,393 Budget Change Year over Year 9.4% 102