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5.1h 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 Water OCTOBER YTD BUDGET BUDGET Bud Var% OCTOBER Revenue Operating Revenue Water Sales WATER SALES RESIDENTIAL WATER SALES COMMERCIAL WATER SALES IRRIGATION Total For Water Sales: Total Operating Revenue Total For Total Operating Revenue: Other Operating Revenue Interest/Dividend Income INTEREST & DIVIDEND INCOME OTHER INTEREST/MISC REVENUE Total For Interest/Dividend Income: Customer Penalties CUSTOMER PENALTIES Total For Customer Penalties: Connection Fees WATER/ACCESS/CONNECTION FE CUSTOMER CONNECTION FEES BULK WATER SALES/HYDRANT R Total For Connection Fees: Misc Revenue MISC NON -UTILITY TRANSFER IN FROM CITY GAIN ON DISPOSITION OF PROPER MISCELLANEOUS REVENUE HYDRANT MAINTENANCE PROGR CONTRIBUTIONS FROM DEVELOP WATER TOWER LEASE Total For Misc Revenue: Total Other Revenue Total For Total Other Revenue: 2023 YTD 2023 v. 2024 YTD VARIANCE Actual Var% 187,504 1,337,837 1,416,619 1,595,403 (6) 155,108 1,665,664 (327,827) (20) 109,047 825,763 807,489 923,908 2 120,320 921,369 (95,605) (10) 43,161 252,727 256,520 268,691 (1) 46,155 390,386 (137,658) (35) 339,713 2,416,329 2,480,629 2,788,003 (3) 321,584 2,977,420 (561,091) (19) 339,713 2,416,329 2,480,629 2,788,003 (3) 321,584 2,977,420 (561,091) (19) 339,713 2,416,329 2,480,629 2,788,003 (3) 321,584 2,977,420 (561,091) (19) (588) 83,431 33,333 40,000 150 5,629 36,073 47,358 131 0 558 1,250 1,500 (55) 0 543 15 3 (588) 83,990 34,583 41,500 143 5,629 36,616 47,373 129 5,545 23,774 20,833 25,000 14 2,564 20,094 3,679 18 5,545 23,774 20,833 25,000 14 2,564 20,094 3,679 18 33,477 396,741 166,666 200,000 138 43,905 185,810 210,930 114 6,899 32,506 25,000 30,000 30 4,021 15,515 16,991 110 3,763 20,474 20,833 25,000 (2) 6,750 21,555 (1,080) (5) 44,140 449,722 212,500 255,000 112 54,676 222,881 226,840 102 0 75 41 50 81 60 100 (24) (24) 0 0 0 230,000 0 0 0 0 0 0 0 0 0 0 0 2,940 (2,940) (100) 0 716 416 500 72 0 258 458 177 975 10,575 12,500 15,000 (15) 1,330 12,543 (1,967) (16) 0 0 0 65,000 0 0 0 0 0 0 0 0 308,236 0 0 0 0 0 975 11,368 12,958 618,786 (12) 1,390 15,841 (4,473) (28) 50,072 568,855 280,875 940,286 103 64,259 295,434 273,421 93 50,072 568,855 280,875 940,286 103 64,259 295,434 273,421 93 73 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 Water OCTOBER YTD BUDGET BUDGET Bud Var% OCTOBER YTD VARIANCE Actual Var% Total Revenue 389,785 2,985,184 2,761,504 3,728,289 8 385,844 3,272,855 (287,670) (9) Expenses Production Expense MTCE OF STRUCTURES 8,981 104,495 95,833 115,000 9 11,358 89,489 15,006 Total For Production Expense: 8,981 104,495 95,833 115,000 9 11,358 89,489 15,006 Pumping Expense SUPERVISION 7,259 60,284 56,250 67,500 7 6,187 52,794 7,490 ELECTRIC & GAS UTILITIES 19,888 215,904 279,309 335,171 (23) 18,780 266,660 (50,755) SAMPLING 945 19,006 14,166 17,000 34 1,695 13,057 5,948 CHEMICAL FEED 4,398 34,400 44,166 53,000 (22) 1,923 42,201 (7,801) MTCE OF WELLS 11,951 160,007 137,500 165,000 16 8,315 124,867 35,139 SCADA - PUMPING 363 10,369 6,666 8,000 56 317 2,871 7,498 Total For Pumping Expense: 44,806 499,973 538,059 645,671 (7) 37,220 502,453 (2,479) Distribution Expense MTCE OF WATER MAINS 16,332 90,284 145,833 175,000 (38) 9,242 135,765 (45,480) LOCATE WATER LINES 1,311 12,062 14,375 17,250 (16) 1,088 7,878 4,183 MTCE OF WATER SERVICES 0 0 416 500 (100) 0 240 (240) WATER METER SERVICE 12,305 61,161 55,000 66,000 11 3,366 27,768 33,393 BACKFLOW DEVICE INSPECTION 1,261 16,830 17,478 20,000 (4) 1,503 16,871 (40) MTCE OF CUSTOMERS SERVICE 2,882 27,537 27,500 33,000 0 2,661 25,231 2,306 WATER MAPPING 894 16,133 12,500 15,000 29 577 11,716 4,416 MTCE OF WATER HYDRANTS - PU 1,099 20,546 16,666 20,000 23 1,309 12,548 7,997 MTCE OF WATER HYDRANTS - PR 797 4,990 5,000 6,000 0 57 3,665 1,325 WATER CLOTHING/PPE 0 9,451 8,333 10,000 13 286 9,142 309 WAGES WATER 722 6,519 6,250 7,500 4 647 5,921 597 TRANSPORTATION EXPENSE 1,090 16,748 20,000 24,000 (16) 2,569 14,093 2,654 WATER PERMIT 0 26,255 28,000 28,000 (6) 0 15,752 10,502 Total For Distribution Expense: 38,697 308,521 357,353 422,250 (14) 23,308 286,595 21,926 Depreciation & Amortization DEPRECIATION 99,952 1,007,152 957,500 1,148,987 5 97,539 976,185 30,966 Total For Depreciation & Amortization: 99,952 1,007,152 957,500 1,148,987 5 97,539 976,185 30,966 Interest Expense INTEREST EXPENSE - BONDS 3,266 34,066 34,066 40,600 0 3,466 36,066 (2,000) AMORTIZATION OF DEBT DISCOU (554) (5,542) (5,542) (6,651) 0 (554) (5,542) 0 74 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 Water OCTOBER YTD BUDGET BUDGET Bud Var% OCTOBER YTD VARIANCE Actual Var% Total For Interest Expense: 2,712 28,524 28,524 33,949 0 2,912 30,524 (2,000) (7) Other Operating Expense LOSS ON DISPOSITION OF PROP (C 0 0 14,000 14,000 (100) 0 0 0 0 DAM MAINTENANCE EXPENSE 267 444 1,666 2,000 (73) 168 1,876 (1,431) (76) PENSION EXPENSE 0 0 0 65,000 0 0 0 0 0 OTHER INTEREST EXPENSE 0 0 0 0 0 0 94 (94) (100) INTEREST EXPENSE - METER DEP 60 845 1,083 1,300 (22) 105 1,048 (202) (19) Total For Other Operating Expense: 327 1,290 16,750 82,300 (92) 273 3,019 (1,728) (57) Customer Accounts Expense METER READING EXPENSE 622 4,368 2,083 2,500 110 225 1,845 2,522 137 MISC CUSTOMER ACCOUNTS EXP 8,560 76,507 74,166 89,000 3 8,680 73,162 3,345 5 BAD DEBT EXPENSE & RECOVER 0 19 208 250 (91) 0 (28) 47 168 Total For Customer Accounts Expense: 9,182 80,895 76,458 91,750 6 8,906 74,979 5,915 8 Administrative Expense SALARIES OFFICE & COMMISSION 24,329 218,930 237,500 285,000 (8) 20,299 193,391 25,539 13 TEMPORARY STAFFING 0 0 833 1,000 (100) 0 0 0 0 OFFICE SUPPLIES 5,622 20,430 30,833 37,000 (34) 1,415 21,220 (789) (4) ELECTRIC & WATER CONSUMPTI 548 5,799 9,166 11,000 (37) 586 6,254 (454) (7) BANK FEES 62 585 500 600 17 35 384 200 52 LEGAL FEES 829 4,707 7,500 9,000 (37) 269 3,731 976 26 AUDITING FEES 410 4,446 5,000 6,000 (11) 405 4,844 (398) (8) INSURANCE 3,485 34,992 35,833 43,000 (2) 3,616 44,673 (9,681) (22) UTILITY SHARE - DEFERRED COM 872 17,212 17,500 21,000 (2) 1,297 18,737 (1,525) (8) UTILITY SHARE - MEDICAL/DENT 14,156 172,960 187,272 220,000 (8) 14,395 174,527 (1,566) (1) UTILITY SHARE - PERA 5,356 49,429 46,666 56,000 6 4,299 44,231 5,198 12 UTILITY SHARE - FICA 5,087 48,658 45,000 54,000 8 4,151 42,787 5,870 14 EMPLOYEE SICK PAY 2,724 25,428 24,166 29,000 5 2,129 22,806 2,621 11 EMPLOYEE HOLIDAY PAY 0 19,096 17,454 32,000 9 0 17,362 1,733 10 EMPLOYEE VACATION & PTO PA 4,025 51,519 44,000 52,000 17 2,992 41,114 10,405 25 UPMIC DISTRIBUTION 0 16,027 15,750 21,000 2 0 10,967 5,059 46 WELLHEAD PROTECTION 0 0 1,700 2,000 (100) 0 6,861 (6,861) (100) LONGEVITY PAY 0 730 730 837 0 0 2,581 (1,851) (72) CONSULTING FEES 870 11,391 38,250 45,900 (70) 490 8,516 2,875 34 TELEPHONE 651 5,894 7,500 9,000 (21) 676 6,997 (1,102) (16) ADVERTISING 193 2,718 4,166 5,000 (35) 418 3,822 (1,103) (29) 75 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 Water OCTOBER YTD BUDGET BUDGET Bud Var% OCTOBER YTD VARIANCE Actual Var% DUES & SUBSCRIPTIONS - FEES 1,214 61,156 68,100 88,114 (10) 1,201 54,994 6,161 11 SCHOOLS & MEETINGS 7,767 40,793 53,775 61,072 (24) 7,431 32,825 7,967 24 MTCE OF GENERAL PLANT & OFFI 211 2,110 2,583 3,100 (18) 250 2,506 (396) (16) Total For Administrative Expense: 78,419 815,019 901,782 1,092,623 (10) 66,363 766,141 48,878 6 General Expense CIP REBATES - RESIDENTIAL 25 845 4,166 5,000 (80) 0 1,185 (340) (29) CIP REBATES - COMMERCIAL 0 0 416 500 (100) 0 0 0 0 CIP - MARKETING 0 1,117 1,666 2,000 (33) 0 966 150 16 CIP - LABOR 0 0 4,166 5,000 (100) 0 1,288 (1,288) (100) ENVIRONMENTAL COMPLIANCE 72 590 2,083 2,500 (72) 61 1,264 (674) (53) MISC GENERAL EXPENSE 0 0 208 250 (100) 0 (24) 24 100 Total For General Expense: 97 2,552 12,708 15,250 (80) 61 4,681 (2,128) (45) Total Expenses(before Operating Transfers) 283,178 2,848,425 2,984,968 3,647,781 (5) 247,943 2,734,068 114,356 4 Operating Transfer Utilities & Labor Donated WATER & LABOR DONATED TO Cl 0 0 1,250 1,500 (100) 0 0 0 0 Total Operating Transfer Total For Total Operating Transfer: 0 0 1,250 1,500 (100) 0 0 0 0 Net Income Profit(Loss) 106,607 136,759 (224,714) 79,007 161 (402,026) (75) 137,901 538,786