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5.1d EMRUSR 01-14-2025Electric 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 Operating Transfer/Other Funds Utilities & Labor Donated Total Operating Transfer Net Income Profit(Loss) ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING NOVEMBER 2024 2024 2024 2024 YTD 2024 YTD 2024 2023 2023 YTD 2023 v. Variance NOVEMBER YTD YTD Budget Bud Var% ANNUAL NOVEMBER YTD VARIANCE 2024 Actual Item BUDGET Variance BUDGET Var% 3,048,280 35,438,974 39,752,570 (4,313,596) (11) 42,685,299 3,232,546 37,051,876 (1,612,902) (4) 311,280 3,592,794 3,283,883 308,911 9 3,514,568 325,887 3,531,147 61,647 2 15,587 189,347 227,019 243,412 17,959 202,964 (13,617) (7) (1) 19,242 235,511 274,383 (38,872) (14) 292,752 22,106 252,246 (16,735) (7) 21,789 239,006 238,333 673 0 260,000 21,699 237,518 1,488 1 400 4,400 4,400 0 0 4,800 400 4,400 0 0 3,416,578 39,700,032 43,780,588 (4,080,556) (9) 47,000,831 3,620,596 41,280,151 (1,580,119) (4) 44,805 312,314 77,917 �? 4,397' 85,000 24,475 111,651 W 200,663 -(2) 29,019 270,391 261,250 9,141 3 285,000 29,325 288,920 (18,529) (6) 18,870 297,927 123,750 L 174,177 = 135,000 23,430 140,161 157,766 -(3) 131,563 1,503,575 929,667 573,908 1,016,000 150,318 1,263,894 239,680 (4) 224,258 2,384,207 1,392,583 991,624 71 1,521,000 227,548 1,804,626 579,581 32 3,640,835 42,084,239 45,173,172 (3,088,933) (7) 48,521,831 3,848,144 43,084,777 (1,000,538) (2) 1,854,888 26,623,063 30,366,237 (3,743,173) (12) 32,756,447 2,052,913 29,090,120 (2,467,057) (8) 21,674 238,976 327,033 (88,058)- 369,000 18,800 287,615 (48,639)-(5) 2,498 45,929 66,000 (20,071) (30) 72,000 4,509 59,366 (13,436) (23) 24,737 392,573 388,208 4,365 1 425,917 35,386 403,186 (10,613) (3) 106,623 1,662,888 1,518,625 144,263 9 1,668,500 127,331 1,515,900 146,988 10 275,623 3,030,132 2,848,648 181,484 6 3,107,612 265,018 2,901,983 128,149 4 63,258 710,490 710,490 0 0 785,810 66,412 744,420 (33,929) (5) 5,804 112,710 207,225 506,900 4,317 63,768 48,942 � (6) 33,864 398,383 402,417 (4,034) (1) 439,000 34,676 398,790 (407) (0) 323,385 3,683,984 3,841,431 (157,447) (4) 4,208,492 311,254 3,476,013 207,970 6 33,831 529,117 583,917 (54,799) (9) 637,000 36,931 353,283 175,834 (7) 2,746,185 37,428,244 41,260,231 (3,831,986) (9) 44,976,679 2,957,547 39,294,443 (1,866,199) (5) 122,634 1,425,274 1,590,103 (164,829) (10) 1,707,412 130,002 1,522,340 (97,066) (6) 20,889 210,579 242,000 (31,421) (13) 264,000 19,357 235,099 (24,520) (10) 143,523 1,635,853 1,832,103 (196,249) (11) 1,971,412 149,359 1,757,439 (121,586) (7) 751,128 3,020,141 2,080,838 939,303 45 1,573,740 741,238 2,032,895 987,246 49 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. 57