5.1 EMRUSR 01-14-2025��i
Elk River
Municipal Utilities UTILITIES COMMISSION MEETING
TO:
FROM:
ERMU Commission
Melissa Karpinski — Finance Manager
MEETING DATE:
AGENDA ITEM NUMBER:
January 14, 2025
5.1
SUBJECT:
Financial Report — November 2024
ACTION REQUESTED:
Receive the November 2024 Financial Report
DISCUSSION:
Please note that these are the preliminary unaudited financial statements.
Electric
November year to date (YTD) electric kWh sales are down 4% from the prior year. For further
breakdown:
• Residential usage is down 4%
• Small Commercial usage is down 3%
• Large Commercial usage is down 4%
For November 2024, the Electric Department overall is ahead of prior YTD and favorable to
budget YTD. Additional variance analysis can be found on the Summary Electric Statement of
Revenues, Expenses and Changes in Net Position attachment.
Water
November YTD gallons of water sold are down 17% from the prior year. For further breakdown:
• Residential use is down 21%
• Commercial use is down 13%
For November 2024, the Water Department overall is behind prior YTD but favorable to budget
YTD. Additional variance analysis can be found on the Summary Water Statement of Revenues,
Expenses and Changes in Net Position attachment.
ATTACHMENTS:
• Balance Sheet 11.2024
• Electric Balance Sheet 11.2024
• Water Balance Sheet 11.2024
• Summary Electric Statement of Revenues, Expenses and Changes in Net Position
11.2024
• Summary Water Statement of Revenues, Expenses and Changes in Net Position 11.2024
• Graphs Prior Year and YTD 2024
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• Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 11.2024
• Detailed Water Statement of Revenues, Expenses and Changes in Net Position 11.2024
• Budget vs Actual Graphs — Combined Electric and Water 11.2024
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