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5.1g EMRUSR 12-10-2024
ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING OCTOBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric OCTOBER YTD BUDGET BUDGET Bud Var% OCTOBER YTD VARIANCE Actual Var% Revenue Operating Revenue Elk River ELECT SALES - ELK RIVER RESID 1,105,444 11,239,814 12,123,474 14,221,539 (7) 1,062,635 11,742,314 (502,499) (4) ELECT SALES - ELK RIVER NON-D 293,030 2,869,710 3,080,651 3,634,057 (7) 299,843 3,005,488 (135,778) (5) ELECT SALES - ELK RIVER DEMA 1,885,356 15,313,643 17,035,940 19,965,865 (10) 1,756,246 16,078,271 (764,628) (5) PCA SALES REVENUE- ELK RIVE 49,258 934,521 1,265,460 1,485,155 (26) 90,104 942,243 (7,721) (1) PCA SALES REVENUE - ELK RIVE 13,445 255,744 348,129 408,036 (27) 26,472 255,303 441 0 PCA SALES REVENUE - ELK RIVE 123,619 1,777,259 2,529,887 2,970,644 (30) 203,697 1,795,709 (18,450) (1) Total For Elk River: 3,470,154 32,390,694 36,383,543 42,685,299 (11) 3,438,999 33,819,330 (1,428,636) (4) Otsego ELECT SALES - OTSEGO RESIDEN 136,253 1,286,241 1,233,172 1,438,521 4 116,069 1,303,832 (17,590) (1) ELECT SALES - OTSEGO NON-DEM 49,105 428,680 406,524 477,265 5 43,403 423,383 5,296 1 ELECT SALES - OTSEGO DEMAND 138,765 1,276,446 973,314 1,154,078 31 129,572 1,205,019 71,426 6 PCA SALES REVENUE - OTSEGO R 6,084 104,890 138,204 162,572 (24) 9,670 102,950 1,940 2 PCA SALES REVENUE - OTSEGO N 2,334 38,322 50,776 58,535 (25) 3,925 36,753 1,568 4 PCA SALES REVENUE - OTSEGO D 8,275 146,932 190,993 223,596 (23) 14,572 133,320 13,611 10 Total For Otsego: 340,819 3,281,513 2,992,986 3,514,568 10 317,214 3,205,260 76,253 2 Rural Big Lake ELECT SALES - BIG LAKE RESIDE 14,535 156,580 184,637 216,883 (15) 13,961 166,887 (10,307) (6) ELECT SALES - BIG LAKE NON -DE 516 3,867 4,350 4,737 (11) 406 4,398 (530) (12) PCA SALES REVENUE - BIG LAKE 651 13,030 18,081 21,268 (28) 1,191 13,394 (364) (3) PCA SALES REVENUE - BIG LAKE 21 282 450 522 (37) 31 324 (41) (13) Total For Rural Big Lake: 15,726 173,760 207,520 243,411 (16) 15,589 185,004 (11,244) (6) Dayton ELECT SALES - DAYTON RESIDEN 16,747 168,094 193,351 224,525 (13) 14,970 179,572 (11,478) (6) ELECT SALES - DAYTON NON -DE 3,326 31,992 34,968 41,609 (9) 3,220 33,853 (1,860) (5) PCA SALES REVENUE - DAYTON R 741 13,649 19,099 22,385 (29) 1,242 14,086 (437) (3) PCA SALES REVENUE - DAYTON 138 2,532 3,626 4,231 (30) 254 2,627 (94) (4) Total For Dayton: 20,954 216,269 251,045 292,751 (14) 19,687 230,140 (13,871) (6) Public St & Hwy Lighting ELECT SALES - SEC LTS 21,720 217,217 216,666 260,000 0 21,618 215,819 1,397 1 Total For Public St & Hwy Lighting: 21,720 217,217 216,666 260,000 0 21,618 215,819 1,397 1 Other Electric Sales SUB -STATION CREDIT 400 4,000 4,000 4,800 0 400 4,000 0 0 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING OCTOBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric OCTOBER YTD BUDGET BUDGET Bud Var% OCTOBER YTD VARIANCE Actual Var% Total For Other Electric Sales: 400 4,000 4,000 4,800 0 400 4,000 0 0 Total Operating Revenue 3,869,774 36,283,454 40,055,762 47,000,831 (9) 3,813,509 37,659,555 (1,376,101) (4) Other Operating Revenue Interest/Dividend Income INTEREST & DIVIDEND INCOME (9,475) 267,508 70,833 85,000 278 16,040 87,175 180,332 207 Total For Interest/Dividend Income: (9,475) 267,508 70,833 85,000 278 16,040 87,175 180,332 207 Customer Penalties CUSTOMER DELINQUENT PENALT 32,927 241,371 237,500 285,000 2 24,786 259,594 (18,222) (7) Total For Customer Penalties: 32,927 241,371 237,500 285,000 2 24,786 259,594 (18,222) (7) Connection Fees DISCONNECT & RECONNECT CHA 15,650 279,057 112,500 135,000 148 16,375 116,731 162,326 139 Total For Connection Fees: 15,650 279,057 112,500 135,000 148 16,375 116,731 162,326 139 Misc Revenue MISC ELEC REVENUE- TEMP CHG 220 2,390 4,166 5,000 (43) 0 5,774 (3,384) (59) STREET LIGHT 0 23,400 7,500 10,000 212 0 1,800 21,600 1,200 TRANSMISSION INVESTMENTS 41,393 522,815 555,000 666,000 (6) 56,166 589,062 (66,247) (11) MISC NON -UTILITY 9,305 141,913 91,666 110,000 55 18,720 130,267 11,645 9 GAIN ON DISPOSITION OF PROPER 0 8,600 0 0 0 0 40,310 (31,710) (79) CONTRIBUTIONS FROM CUSTOME 6,778 672,892 187,500 225,000 259 33,220 346,360 326,531 94 Total For Misc Revenue: 57,698 1,372,011 845,833 1,016,000 62 108,107 1,113,575 258,435 23 Total Other Revenue 96,800 2,159,949 1,266,666 1,521,000 71 165,310 1,577,077 582,871 37 Total For Total Other Revenue: 96,800 2,159,949 1,266,666 1,521,000 71 165,310 1,577,077 582,871 37 Total Revenue 3,966,574 38,443,403 41,322,429 (7) 39,236,633 (2) 48,521,831 3,978,819 (793,229) Expenses Purchased Power PURCHASED POWER 1,575,277 18,979,483 21,040,031 24,250,423 (10) 1,746,283 20,263,323 (1,283,839) (6) ENERGY ADJUSTMENT CLAUSE 616,741 5,788,691 7,244,843 8,506,023 (20) 646,478 6,773,883 (985,191) (15) Total For Purchased Power: 2,192,019 24,768,174 28,284,874 32,756,447 (12) 2,392,761 27,037,206 (2,269,031) (8) Operating & Mtce Expense OPERATING SUPERVISION 13,420 116,521 109,166 131,000 7 11,229 101,115 15,406 15 DIESEL OIL FUEL 0 159 8,333 10,000 (98) 0 3,854 (3,695) (96) NATURAL GAS 661 13,613 24,000 33,000 (43) 821 22,665 (9,052) (40) ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING OCTOBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric OCTOBER YTD BUDGET BUDGET Bud Var% OCTOBER YTD VARIANCE Actual Var% ELECTRIC & WATER CONSUMPTI 4,768 46,284 55,500 66,000 (17) 4,817 52,702 (6,418) (12) PLANT SUPPLIES & OTHER EXPEN 41 7,256 12,500 15,000 (42) 568 26,526 (19,269) (73) M1SC POWER GENERATION EXPE 123 624 6,666 8,000 (91) 50 3,767 (3,143) (83) MAINTENANCE OF STRUCTURE - 2,809 12,475 17,500 21,000 (29) 823 16,483 (4,007) (24) MTCE OF PLANT ENGINES/GENER 0 4,061 32,500 39,000 (88) 541 16,818 (12,756) (76) MTCE OF PLANT/LAND IMPROVE 421 16,304 30,000 46,000 (46) 471 24,881 (8,577) (34) Total For Operating & Mtce Expense: 22,247 217,301 296,166 369,000 (27) 19,322 268,814 (51,512) (19) Transmission Expense TRANSMISSION MTCE AND EXPE 2,574 43,431 60,000 72,000 (28) 5,425 54,856 (11,425) (21) Total For Transmission Expense: 2,574 43,431 60,000 72,000 (28) 5,425 54,856 (11,425) (21) Distribution Expense REMOVE EXISTING SERVICE & M 251 352 1,666 2,000 (79) 0 542 (189) (35) SCADA EXPENSE 2,505 39,356 37,500 45,000 5 3,924 43,656 (4,299) (10) TRANSFORMER EXPENSE OH & U 1,720 14,438 12,500 15,000 16 2,215 15,789 (1,350) (9) MTCE OF SIGNAL SYSTEMS 611 1,621 2,500 3,000 (35) 171 2,667 (1,045) (39) METER EXPENSE - REMOVE & RE 0 466 1,250 1,500 (63) 111 1,461 (994) (68) TEMP SERVICE - INSTALL & REM 0 338 5,833 7,000 (94) 652 6,391 (6,052) (95) MISC DISTRIBUTION EXPENSE 21,005 311,260 291,666 350,000 7 24,061 297,291 13,968 5 INTERCONNECTION CARRYING C 0 0 0 2,417 0 0 0 0 0 Total For Distribution Expense: 26,093 367,835 352,916 425,917 4 31,136 367,800 35 0 Maintenance Expense MTCE OF STRUCTURES 9,838 74,019 41,666 50,000 78 5,250 53,977 20,041 37 MTCE OF SUBSTATIONS 4,788 12,894 30,000 36,000 (57) 4,347 39,529 (26,634) (67) MTCE OF SUBSTATION EQUIPME 1,571 82,497 65,833 79,000 25 9,418 52,679 29,817 57 MTCE OF OH LINES/TREE TRIM 318 214,544 181,000 230,000 19 1,277 179,799 34,745 19 MTCE OF OH LINES/STANDBY 3,324 36,270 33,333 40,000 9 3,948 30,358 5,911 19 MTCE OF OH PRIMARY 15,024 150,792 141,666 170,000 6 12,721 134,039 16,753 12 MTCE OF URD PRIMARY 52,532 254,631 183,333 220,000 39 16,025 189,873 64,757 34 LOCATE ELECTRIC LINES 9,264 86,726 91,666 110,000 (5) 12,450 88,445 (1,719) (2) LOCATE FIBER LINES 585 2,742 1,250 1,500 119 101 371 2,371 639 MTCE OF LINE TRANSFORMERS 5,724 43,753 50,000 60,000 (12) 2,302 71,448 (27,695) (39) MTCE OF STREET LIGHTING 2,016 60,767 41,666 50,000 46 8,134 36,667 24,099 66 MTCE OF SECURITY LIGHTING 2,338 20,280 12,500 15,000 62 723 15,380 4,900 32 MTCE OF METERS 3,025 55,084 66,666 80,000 (17) 5,283 58,254 (3,169) (5) VOLTAGE COMPLAINTS 917 5,529 10,000 12,000 (45) 107 9,812 (4,282) (44) 69 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING OCTOBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric OCTOBER YTD BUDGET BUDGET Bud Var% OCTOBER YTD VARIANCE Actual Var% SALARIES TRANSMISSION & DIST 3,091 26,031 25,000 30,000 4 2,659 23,580 2,450 10 ELECTRIC MAPPING 5,492 113,082 83,333 100,000 36 5,296 98,357 14,725 15 MTCE OF OH SECONDARY 2,918 18,568 20,833 25,000 (11) 1,901 21,223 (2,655) (13) MTCE OF URD SECONDARY 4,216 47,650 50,000 60,000 (5) 7,132 52,598 (4,948) (9) TRANSPORTATION EXPENSE 40,183 250,394 250,000 300,000 0 19,181 232,171 18,223 8 Total For Maintenance Expense: 167,172 1,556,264 1,379,750 1,668,500 13 118,263 1,388,569 167,694 12 Depreciation & Amortization DEPRECIATION 222,290 2,197,729 2,032,900 2,439,475 8 209,116 2,080,185 117,544 6 AMORTIZATION 55,677 556,779 556,780 668,136 0 55,677 556,779 0 0 Total For Depreciation & Amortization: 277,968 2,754,509 2,589,680 3,107,611 6 264,794 2,636,964 117,544 4 Interest Expense INTEREST EXPENSE - BONDS 68,246 697,117 697,117 845,673 0 71,400 727,892 (30,775) (4) AMORTIZATION OF DEBT DISCOU (4,988) (49,885) (49,885) (59,863) 0 (4,988) (49,885) 0 0 Total For Interest Expense: 63,257 647,232 647,232 785,810 0 66,412 678,007 (30,775) (5) Other Operating Expense EV CHARGING EXPENSE 318 2,253 2,583 3,100 (13) 198 1,749 504 29 LOSS ON DISPOSITION OF PROP (C 0 3,025 155,800 155,800 (98) 0 13,073 (10,048) (77) OTHER DONATIONS 0 0 2,500 3,000 (100) 0 108 (108) (100) MUTUAL AID 26,301 53,820 0 0 0 0 4,415 49,405 1,119 PENSION EXPENSE 0 0 0 295,000 0 0 0 0 0 OTHER INTEREST EXPENSE 0 0 0 0 0 0 378 (378) (100) INTEREST EXPENSE - METER DEP 4,849 47,805 41,666 50,000 15 4,048 39,725 8,080 20 Total For Other Operating Expense: 31,469 106,905 202,550 506,900 47 4,247 59,451 47,454 80 Customer Accounts Expense METER READING EXPENSE 4,924 40,158 39,166 47,000 3 4,348 35,715 4,442 12 DISCONNECT/RECONNECT EXPEN 100 11,844 18,333 22,000 (35) 1,051 18,678 (6,834) (37) MISC CUSTOMER ACCOUNTS EXP 33,502 298,255 287,500 345,000 4 33,708 282,842 15,412 5 BAD DEBT EXPENSE & RECOVER 1,524 14,261 20,833 25,000 (32) 2,698 26,877 (12,616) (47) Total For Customer Accounts Expense: 40,051 364,518 365,833 439,000 0 41,806 364,114 404 0 Administrative Expense SALARIES OFFICE & COMMISSION 84,179 750,312 756,666 908,000 (1) 69,567 665,070 85,242 13 TEMPORARY STAFFING 0 0 3,333 4,000 (100) 0 0 0 0 OFFICE SUPPLIES 15,826 82,331 104,166 125,000 (21) 7,431 99,441 (17,109) (17) ELECTRIC& WATER CONSUMPTI 2,192 23,189 33,333 40,000 (30) 2,347 25,018 (1,828) (7) BANK FEES 250 2,278 2,083 2,500 9 140 1,487 791 53 a ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING OCTOBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric OCTOBER YTD BUDGET BUDGET Bud Var% OCTOBER YTD VARIANCE Actual Var% LEGAL FEES 9,456 29,305 25,000 30,000 17 1,077 17,450 11,854 68 AUDITING FEES 1,640 15,600 18,333 22,000 (15) 1,623 17,193 (1,593) (9) INSURANCE 21,533 160,493 158,333 190,000 1 16,027 170,562 (10,069) (6) UTILITY SHARE - DEFERRED COM 5,009 102,965 100,000 120,000 3 5,048 105,006 (2,041) (2) UTILITY SHARE- MEDICAL/DENT 48,302 716,113 745,363 870,000 (4) 57,233 701,858 14,254 2 UTILITY SHARE - PERA 28,534 257,363 251,666 302,000 2 23,839 239,207 18,155 8 UTILITY SHARE - FICA 27,470 251,164 245,833 295,000 2 23,475 234,309 16,854 7 EMPLOYEE SICK PAY 13,717 136,640 137,500 165,000 (1) 16,026 130,784 5,855 4 EMPLOYEE HOLIDAY PAY 0 103,764 93,818 172,000 11 0 98,049 5,715 6 EMPLOYEE VACATION & PTO PA 22,901 283,387 232,454 275,000 22 18,700 237,958 45,428 19 UPM1C DISTRIBUTION 0 75,435 75,750 101,000 0 0 60,163 15,271 25 LONGEVITY PAY 2,025 4,945 4,945 6,964 0 2,300 15,168 (10,223) (67) CONSULTING FEES 0 40,307 81,333 97,600 (50) 0 2,732 37,574 1,375 TELEPHONE 2,929 25,807 31,666 38,000 (19) 2,986 30,825 (5,017) (16) ADVERTISING 775 10,415 15,833 19,000 (34) 1,675 12,589 (2,174) (17) DUES & SUBSCRIPTIONS - FEES 9,822 102,704 114,611 137,533 (10) 7,116 97,792 4,912 5 SCHOOLS & MEETINGS 21,970 177,622 237,000 274,894 (25) 22,974 192,058 (14,436) (8) MTCE OF GENERAL PLANT & OFFI 845 8,450 10,833 13,000 (22) 1,002 10,027 (1,577) (16) Total For Administrative Expense: 319,382 3,360,599 3,479,859 4,208,492 (3) 280,593 3,164,759 195,839 6 General Expense CIP REBATES - RESIDENTIAL 7,574 73,398 75,631 90,758 (3) 4,760 50,416 22,982 46 CIP REBATES - COMMERCIAL 0 98,271 93,333 112,000 5 0 54,432 43,839 81 CIP - ADMINISTRATION 10,177 153,263 152,470 182,965 1 386 11,411 141,851 1,243 CIP - MARKETING 5,840 44,820 42,695 51,235 5 2,691 36,611 8,209 22 CIP - LABOR 9,136 83,428 111,518 133,822 (25) 12,407 117,686 (34,257) (29) CIP REBATES - LOW INCOME 0 3,468 15,600 18,720 (78) 0 13,124 (9,656) (74) CIP - LOW INCOME LABOR 817 7,797 8,333 10,000 (6) 837 8,017 (219) (3) ENVIRONMENTAL COMPLIANCE 2,044 27,403 29,166 35,000 (6) 2,504 18,458 8,944 48 MISC GENERAL EXPENSE 714 3,434 2,083 2,500 65 (14) 6,194 (2,759) (45) Total For General Expense: 36,303 495,286 530,833 637,000 (7) 23,572 316,351 178,934 57 Total Expenses(before Operating Transfers) 3,178,541 34,682,059 38,189,696 44,976,678 (9) 3,248,336 36,336,896 (1,654,836) (5) Operating Transfer Operating Transfer/Other Funds TRANSFER TO CITY ELK RIVER R 139,507 1,302,639 1,455,341 1,707,411 (10) 138,256 1,392,337 (89,697) (6) 71 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING OCTOBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric OCTOBER YTD BUDGET BUDGET Bud Var% OCTOBER YTD VARIANCE Actual Var% Total For Operating Transfer/Other Funds: 139,507 1,302,639 1,455,341 1,707,411 (10) 138,256 1,392,337 (89,697) (6) Utilities & Labor Donated UTILITIES & LABOR DONATED TO 20,203 189,690 220,000 264,000 (14) 19,301 215,741 (26,051) (12) Total For Utilities & Labor Donated: 20,203 189,690 220,000 264,000 (14) 19,301 215,741 (26,051) (12) Total Operating Transfer Total For Total Operating Transfer: 159,710 1,492,330 1,675,341 1,971,411 (11) 157,557 1,608,079 (115,749) (7) Net Income Profit(Loss) 628,322 2,269,013 1,457,391 1,573,740 56 977,356 76 572,925 1,291,657 72