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5.1e EMRUSR 12-10-2024ELK RIVER MUNICIPAL UTILITIES Water Revenue Operating Revenue Water Sales Total Operating Revenue Other Operating Revenue Interest/Dividend Income Customer Penalties Connection Fees Misc Revenue Total Other Revenue Total Revenue Expenses Production Expense Pumping Expense Distribution Expense Depreciation & Amortization Interest Expense Other Operating Expense Customer Accounts Expense Administrative Expense General Expense Total Expenses(before Operating Transfers) 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% 339,713 2,416,329 2,480,629 (64,300) (3) 2,788,003 321,585 2,977,421 (561,092)-(1) 339,713 2,416,329 2,480,629 (64,300) (3) 2,788,003 321,585 2,977,421 (561,092) (19) (588) 83,991 34,583 49,407 - 41,500 5,629 36,617 47,374 -(2) 5,545 23,774 20,833 2,941 14 25,000 2,564 20,095 3,679 18 44,140 449,722 212,500 237,222 - 255,000 54,676 222,881 226,841 �(3) 975 11,369 12,958 (1,590) (12) 618,786 1,390 15,842 (4,473) (28) 50,072 568,856 280,875 287,981 103 940,286 64,260 295,435 273,421 93 389,785 2,985,185 2,761,504 223,681 8 3,728,289 385,845 3,272,856 (287,671) (9) 8,981 104,496 95,833 8,662 9 115,000 11,359 89,490 (4) 44,807 499,974 538,060 (38,086) (7) 645,671 37,220 502,453 (2,479) (0) 38,697 308,522 357,353 (48,831) (14) 422,250 23,308 286,595 21,927 8 99,953 1,007,152 957,500 49,652 5 1,148,988 97,539 976,185 30,967 3 2,712 28,524 28,524 0 0 33,949 2,912 30,524 (2,000) (7) 327 1,290 16,750 a (15,460)� 82,300 274 3,019 (1,729) (57) (5) 9,183 80,895 76,458 4,437 6 91,750 8,906 74,980 5,915 8 78,420 815,020 901,782 (86,763) (10) 1,092,624 66,363 766,142 48,878 6 98 2,553 12,708 (10,156) (80) 15,250 61 4,681 (2,129) (45) 283,178 2,848,425 2,984,969 (136,544) (5) 3,647,782 247,943 2,734,069 114,356 4 Operating Transfer Utilities & Labor Donated 0 0 1,250 (1,250) (100) 1,500 0 0 0 0 Total Operating Transfer 0 0 1,250 (1,250) (100) 1,500 0 0 0 0 Net Income Profit(Loss) 106,607 136,760 (224,715) 361,474 161 79,007 137,901 538,787 (402,027) (75) Item Variance of+/- $15,000 and+/- 15% (1) PYTD variance is due to decreased 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 a few large connection agreements in 2024. (4) PYTD variance is mainly due to increased labor for mtce of structures. (5) YTD budget variance is due to timing of loss on disposition of property for AMI project. 61