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5.1d EMRUSR 12-10-2024Electric 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 OCTOBER 2024 2024 2024 2024 YTD 2024 YTD 2024 2023 2023 YTD 2023 v. Variance OCTOBER YTD YTD Budget Bud Var% ANNUAL OCTOBER YTD VARIANCE 2024 Actual Item BUDGET Variance BUDGET Var% 3,470,154 32,390,694 36,383,544 (3,992,850) (11) 42,685,299 3,438,999 33,819,331 (1,428,637) (4) 340,820 3,281,514 2,992,986 288,528 10 3,514,568 317,215 3,205,260 76,254 2 15,726 173,760 207,520 L (33,760)� 243,412 15,590 185,005 (11,245) (6) (1) 20,954 216,269 251,046 (34,777) (14) 292,752 19,688 230,140 (13,871) (6) 21,720 217,217 216,667 550 0 260,000 21,618 215,819 1,398 1 400 4,000 4,000 0 0 4,800 400 4,000 0 0 3,869,774 36,283,454 40,055,763 (3,772,309) (9) 47,000,831 3,813,510 37,659,556 (1,376,101) (4) (9,476) 267,509 70,833 = 196,676 - 85,000 16,041 87,176 V 180,333 -(2) 32,928 241,372 237,500 3,872 2 285,000 24,786 259,595 (18,223) (7) 15,650 279,057 112,500 L 166:557 = 135,000 16,375 116,731 162,326 -(3) 57,698 1,372,011 845,833 526178 1,016,000 108,108 1,113,576 258,435 (4) 96,800 2,159,949 1,266,667 893,283 71 1,521,000 165,310 1,577,078 582,872 37 3,966,574 38,443,404 41,322,430 (2,879,026) (7) 48,521,831 3,978,820 39,236,633 (793,230) (2) 2,192,019 24,768,175 28,284,875 (3,516,700) (12) 32,756,447 2,392,762 27,037,207 (2,269,032) (8) 22,247 217,302 296,167 369,000 19,323 268,814 L (51,513)-(5) 2,574 43,432 60,000 (16,568) (28) 72,000 5,426 54,857 (11,425) (21) 26,094 367,836 352,917 14,919 4 425,917 31,136 367,800 36 0 167,172 1,556,264 1,379,750 176,514 13 1,668,500 118,264 1,388,570 167,695 12 277,969 2,754,509 2,589,680 164,829 6 3,107,612 264,795 2,636,965 117,544 4 63,258 647,233 647,232 0 0 785,810 66,412 678,008 (30,775) (5) 31,470 106,906 202,550 506,900 4,247 59,451 47,455 -(6) 40,051 364,519 365,833 (1,315) (0) 439,000 41,807 364,114 405 0 319,383 3,360,599 3,479,859 (119,260) (3) 4,208,492 280,594 3,164,759 195,840 6 36,304 495,286 530,833 (35,547) (7) 637,000 23,572 316,352 178,935 (7) 3,178,541 34,682,060 38,189,697 (3,507,637) (9) 44,976,679 3,248,336 36,336,896 (1,654,836) (5) Operating Transfer/Other Funds 139,507 1,302,640 1,455,342 (152,702) (10) 1,707,412 138,257 1,392,338 (89,698) (6) Utilities & Labor Donated 20,203 189,690 220,000 (30,310) (14) 264,000 19,301 215,742 (26,052) (12) Total Operating Transfer 159,710 1,492,330 1,675,342 (183,012) (11) 1,971,412 157,558 1,608,080 (115,749) (7) Net Income Profit(Loss) 628,323 2,269,014 1,457,391 811,622 56 1,573,740 572,925 1,291,657 977,356 76 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 timing for loss on disposition of property being budgeted for AMI project. PTYD budget variance is due to mutual aid in 2024. (7) PYTD variance is due to professional services from Frontier Energy in 2024. Z