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5.1g EMRUSR 01-14-2025
ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING NOVEMBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric NOVEMBER YTD BUDGET BUDGET Bud Var% NOVEMBER YTD VARIANCE Actual Var% Revenue Operating Revenue Elk River ELECT SALES - ELK RIVER RESID 1,008,697 12,248,511 13,265,643 14,221,539 (8) 1,106,259 12,848,573 (600,061) (5) ELECT SALES - ELK RIVER NON-D 258,622 3,128,332 3,393,857 3,634,057 (8) 305,563 3,311,052 (182,719) (6) ELECT SALES - ELK RIVER DEMA 1,471,205 16,784,848 18,616,746 19,965,865 (10) 1,491,941 17,570,213 (785,364) (4) PCA SALES REVENUE- ELK RIVE 91,081 1,025,603 1,354,781 1,485,155 (24) 98,311 1,040,554 (14,951) (1) PCA SALES REVENUE - ELK RIVE 25,909 281,654 374,298 408,036 (25) 27,868 283,171 (1,517) (1) PCA SALES REVENUE - ELK RIVE 192,763 1,970,023 2,747,242 2,970,644 (28) 202,600 1,998,310 (28,286) (1) Total For Elk River: 3,048,280 35,438,974 39,752,569 42,685,299 (11) 3,232,545 37,051,876 (1,612,902) (4) Otsego ELECT SALES - OTSEGO RESIDEN 115,537 1,401,779 1,349,202 1,438,521 4 122,679 1,426,511 (24,732) (2) ELECT SALES - OTSEGO NON-DEM 40,379 469,060 453,949 477,265 3 49,390 472,774 (3,714) (1) ELECT SALES - OTSEGO DEMAND 124,220 1,400,666 1,071,484 1,154,078 31 121,539 1,326,559 74,107 6 PCA SALES REVENUE - OTSEGO R 10,314 115,205 147,959 162,572 (22) 10,692 113,642 1,563 1 PCA SALES REVENUE - OTSEGO N 4,208 42,530 54,604 58,535 (22) 4,666 41,419 1,110 3 PCA SALES REVENUE - OTSEGO D 16,618 163,550 206,681 223,596 (21) 16,918 150,238 13,312 9 Total For Otsego: 311,279 3,592,793 3,283,882 3,514,568 9 325,886 3,531,146 61,647 2 Rural Big Lake ELECT SALES - BIG LAKE RESIDE 14,060 170,640 202,578 216,883 (16) 16,215 183,103 (12,462) (7) ELECT SALES - BIG LAKE NON -DE 224 4,091 4,601 4,737 (11) 253 4,651 (559) (12) PCA SALES REVENUE - BIG LAKE 1,287 14,317 19,358 21,268 (26) 1,473 14,868 (550) (4) PCA SALES REVENUE - BIG LAKE 15 297 481 522 (38) 16 340 (43) (13) Total For Rural Big Lake: 15,586 189,347 227,019 243,411 (17) 17,958 202,963 (13,616) (7) Dayton ELECT SALES - DAYTON RESIDEN 14,809 182,903 211,082 224,525 (13) 16,467 196,040 (13,136) (7) ELECT SALES - DAYTON NON -DE 2,861 34,853 38,969 41,609 (11) 3,872 37,726 (2,872) (8) PCA SALES REVENUE - DAYTON R 1,314 14,964 20,431 22,385 (27) 1,435 15,521 (557) (4) PCA SALES REVENUE - DAYTON 256 2,789 3,899 4,231 (28) 330 2,958 (168) (6) Total For Dayton: 19,241 235,511 274,383 292,751 (14) 22,105 252,246 (16,735) (7) Public St & Hwy Lighting ELECT SALES - SEC LTS 21,788 239,005 238,333 260,000 0 21,699 237,518 1,487 1 Total For Public St & Hwy Lighting: 21,788 239,005 238,333 260,000 0 21,699 237,518 1,487 1 Other Electric Sales SUB -STATION CREDIT 400 4,400 4,400 4,800 0 400 4,400 0 0 o it ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING NOVEMBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric NOVEMBER YTD BUDGET BUDGET Bud Var% NOVEMBER YTD VARIANCE Actual Var% Total For Other Electric Sales: 400 4,400 4,400 4,800 0 400 4,400 0 0 Total Operating Revenue 3,416,577 39,700,032 43,780,588 47,000,831 (9) 3,620,595 41,280,151 (1,580,119) (4) Other Operating Revenue Interest/Dividend Income INTEREST & DIVIDEND INCOME 44,805 312,314 77,916 85,000 301 24,474 111,650 200,663 180 Total For Interest/Dividend Income: 44,805 312,314 77,916 85,000 301 24,474 111,650 200,663 180 Customer Penalties CUSTOMER DELINQUENT PENALT 29,019 270,390 261,250 285,000 3 29,325 288,919 (18,528) (6) Total For Customer Penalties: 29,019 270,390 261,250 285,000 3 29,325 288,919 (18,528) (6) Connection Fees DISCONNECT & RECONNECT CHA 18,870 297,927 123,750 135,000 141 23,430 140,161 157,766 113 Total For Connection Fees: 18,870 297,927 123,750 135,000 141 23,430 140,161 157,766 113 Misc Revenue MISC ELEC REVENUE- TEMP CHG 440 2,830 4,583 5,000 (38) 220 5,994 (3,164) (53) STREET LIGHT 0 23,400 7,500 10,000 212 4,500 6,300 17,100 271 TRANSMISSION INVESTMENTS 46,756 569,572 610,500 666,000 (7) 50,382 639,445 (69,872) (11) MISC NON -UTILITY 66,325 208,238 100,833 110,000 107 32,913 163,180 45,057 28 GAIN ON DISPOSITION OF PROPER 0 8,600 0 0 0 10,700 51,010 (42,410) (83) CONTRIBUTIONS FROM CUSTOME 18,041 690,933 206,250 225,000 235 51,603 397,963 292,970 74 Total For Misc Revenue: 131,563 1,503,574 929,666 1,016,000 62 150,318 1,263,894 239,680 19 Total Other Revenue 224,257 2,384,207 1,392,583 1,521,000 71 227,548 1,804,625 579,581 32 Total For Total Other Revenue: 224,257 2,384,207 1,392,583 1,521,000 71 227,548 1,804,625 579,581 32 Total Revenue 3,640,835 42,084,239 45,173,171 (7) 43,084,777 (2) 48,521,831 3,848,143 (1,000,538) Expenses Purchased Power PURCHASED POWER 1,497,023 20,476,507 22,539,972 24,250,423 (9) 1,541,851 21,805,175 (1,328,667) (6) ENERGY ADJUSTMENT CLAUSE 357,864 6,146,555 7,826,264 8,506,023 (21) 511,061 7,284,944 (1,138,389) (16) Total For Purchased Power: 1,854,888 26,623,063 30,366,236 32,756,447 (12) 2,052,913 29,090,120 (2,467,056) (8) Operating & Mtce Expense OPERATING SUPERVISION 11,334 127,856 120,083 131,000 6 9,916 111,031 16,824 15 DIESEL OIL FUEL 0 159 9,166 10,000 (98) 0 3,854 (3,695) (96) NATURAL GAS 2,501 16,115 26,500 33,000 (39) 2,251 24,917 (8,801) (35) ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING NOVEMBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric NOVEMBER YTD BUDGET BUDGET Bud Var% NOVEMBER YTD VARIANCE Actual Var% ELECTRIC & WATER CONSUMPTI 4,878 51,162 60,200 66,000 (15) 4,486 57,188 (6,026) (11) PLANT SUPPLIES & OTHER EXPEN 1,533 8,790 13,750 15,000 (36) 403 26,929 (18,139) (67) M1SC POWER GENERATION EXPE 16 640 7,333 8,000 (91) 0 3,767 (3,127) (83) MAINTENANCE OF STRUCTURE - 939 13,415 19,250 21,000 (30) 1,213 17,696 (4,281) (24) MTCE OF PLANT ENGINES/GENER 115 4,177 35,750 39,000 (88) 404 17,223 (13,046) (76) MTCE OF PLANT/LAND IMPROVE 354 16,658 35,000 46,000 (52) 123 25,004 (8,346) (33) Total For Operating & Mtce Expense: 21,673 238,975 327,033 369,000 (27) 18,800 287,614 (48,639) (17) Transmission Expense TRANSMISSION MTCE AND EXPE 2,497 45,929 66,000 72,000 (30) 4,508 59,365 (13,436) (23) Total For Transmission Expense: 2,497 45,929 66,000 72,000 (30) 4,508 59,365 (13,436) (23) Distribution Expense REMOVE EXISTING SERVICE & M 0 352 1,833 2,000 (81) 0 542 (189) (35) SCADA EXPENSE 2,825 42,181 41,250 45,000 2 4,845 48,501 (6,319) (13) TRANSFORMER EXPENSE OH & U 1,530 15,969 13,750 15,000 16 1,480 17,269 (1,300) (8) MTCE OF SIGNAL SYSTEMS 308 1,930 2,750 3,000 (30) 0 2,667 (736) (28) METER EXPENSE - REMOVE & RE 0 466 1,375 1,500 (66) 0 1,461 (994) (68) TEMP SERVICE - INSTALL & REM 103 442 6,416 7,000 (93) 2,815 9,206 (8,764) (95) MISC DISTRIBUTION EXPENSE 19,969 331,230 320,833 350,000 3 26,244 323,536 7,693 2 INTERCONNECTION CARRYING C 0 0 0 2,417 0 0 0 0 0 Total For Distribution Expense: 24,737 392,573 388,208 425,917 1 35,385 403,185 (10,612) (3) Maintenance Expense MTCE OF STRUCTURES 4,053 78,072 45,833 50,000 70 5,917 59,895 18,177 30 MTCE OF SUBSTATIONS 5,224 18,118 33,000 36,000 (45) 243 39,773 (21,654) (54) MTCE OF SUBSTATION EQUIPME (2,476) 80,020 72,416 79,000 11 17,486 70,166 9,854 14 MTCE OF OH LINES/TREE TRIM 724 215,269 200,000 230,000 8 14,544 194,343 20,925 11 MTCE OF OH LINES/STANDBY 3,403 39,673 36,666 40,000 8 3,116 33,475 6,198 19 MTCE OF OH PRIMARY 7,159 157,952 155,833 170,000 1 7,933 141,973 15,978 11 MTCE OF URD PRIMARY 16,011 270,643 201,666 220,000 34 19,232 209,105 61,537 29 LOCATE ELECTRIC LINES 8,850 95,577 100,833 110,000 (5) 11,622 100,068 (4,490) (4) LOCATE FIBER LINES 219 2,962 1,375 1,500 115 50 421 2,540 602 MTCE OF LINE TRANSFORMERS 16,733 60,486 55,000 60,000 10 1,045 72,493 (12,007) (17) MTCE OF STREET LIGHTING 4,875 65,642 45,833 50,000 43 6,363 43,031 22,611 53 MTCE OF SECURITY LIGHTING 800 21,081 13,750 15,000 53 1,295 16,675 4,405 26 MTCE OF METERS 1,479 56,563 73,333 80,000 (23) 4,650 62,905 (6,341) (10) VOLTAGE COMPLAINTS 883 6,413 11,000 12,000 (42) 259 10,072 (3,658) (36) 66 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING NOVEMBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric NOVEMBER YTD BUDGET BUDGET Bud Var% NOVEMBER YTD VARIANCE Actual Var% SALARIES TRANSMISSION & DIST 2,540 28,571 27,500 30,000 4 2,287 25,867 2,703 10 ELECTRIC MAPPING 6,845 119,928 91,666 100,000 31 3,263 101,620 18,308 18 MTCE OF OH SECONDARY 1,543 20,112 22,916 25,000 (12) 2,587 23,811 (3,699) (16) MTCE OF URD SECONDARY 5,953 53,604 55,000 60,000 (3) 5,174 57,773 (4,168) (7) TRANSPORTATION EXPENSE 21,797 272,192 275,000 300,000 (1) 20,254 252,426 19,766 8 Total For Maintenance Expense: 106,623 1,662,887 1,518,625 1,668,500 9 127,330 1,515,900 146,987 10 Depreciation & Amortization DEPRECIATION 219,944 2,417,674 2,236,190 2,439,475 8 209,339 2,289,525 128,148 6 AMORTIZATION 55,677 612,457 612,458 668,136 0 55,677 612,457 0 0 Total For Depreciation & Amortization: 275,622 3,030,131 2,848,648 3,107,611 6 265,017 2,901,982 128,148 4 Interest Expense INTEREST EXPENSE - BONDS 68,246 765,364 765,364 845,673 0 71,400 799,293 (33,929) (4) AMORTIZATION OF DEBT DISCOU (4,988) (54,873) (54,873) (59,863) 0 (4,988) (54,873) 0 0 Total For Interest Expense: 63,257 710,490 710,490 785,810 0 66,412 744,419 (33,929) (5) Other Operating Expense EV CHARGING EXPENSE 197 2,451 2,841 3,100 (14) 223 1,972 478 24 LOSS ON DISPOSITION OF PROP (C 0 3,025 155,800 155,800 (98) 0 13,073 (10,048) (77) OTHER DONATIONS 0 0 2,750 3,000 (100) 0 108 (108) (100) MUTUAL AID 719 54,540 0 0 0 0 4,415 50,124 1,135 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 4,886 52,692 45,833 50,000 15 4,093 43,818 8,873 20 Total For Other Operating Expense: 5,803 112,709 207,225 506,900 (46) 4,316 63,767 48,941 77 Customer Accounts Expense METER READING EXPENSE 4,183 44,341 43,083 47,000 3 4,195 39,911 4,430 11 DISCONNECT/RECONNECT EXPEN 0 11,844 20,166 22,000 (41) 692 19,371 (7,526) (39) MISC CUSTOMER ACCOUNTS EXP 29,058 327,313 316,250 345,000 3 28,226 311,068 16,245 5 BAD DEBT EXPENSE & RECOVER 621 14,883 22,916 25,000 (35) 1,561 28,439 (13,555) (48) Total For Customer Accounts Expense: 33,864 398,383 402,416 439,000 (1) 34,676 398,790 (407) 0 Administrative Expense SALARIES OFFICE & COMMISSION 68,506 818,819 832,333 908,000 (2) 62,938 728,008 90,811 12 TEMPORARY STAFFING 0 0 3,666 4,000 (100) 0 0 0 0 OFFICE SUPPLIES 9,766 92,098 114,583 125,000 (20) 7,734 107,176 (15,078) (14) ELECTRIC & WATER CONSUMPTI 1,870 25,060 36,666 40,000 (32) 1,837 26,855 (1,795) (7) BANK FEES 352 2,631 2,291 2,500 15 110 1,598 1,033 65 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING NOVEMBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric NOVEMBER YTD BUDGET BUDGET Bud Var% NOVEMBER YTD VARIANCE Actual Var% LEGAL FEES 3,322 32,628 27,500 30,000 19 2,031 19,482 13,145 67 AUDITING FEES 1,640 17,240 20,166 22,000 (15) 1,623 18,816 (1,576) (8) INSURANCE 14,904 175,398 174,166 190,000 1 15,327 185,890 (10,491) (6) UTILITY SHARE - DEFERRED COM 4,783 107,748 110,000 120,000 (2) 5,780 110,786 (3,038) (3) UTILITY SHARE - MEDICAL/DENT 56,965 773,079 807,681 870,000 (4) 62,014 763,872 9,206 1 UTILITY SHARE - PERA 24,693 282,056 276,833 302,000 2 24,072 263,280 18,776 7 UTILITY SHARE - FICA 23,251 274,416 270,416 295,000 1 22,750 257,059 17,356 7 EMPLOYEE SICK PAY 11,185 147,826 151,250 165,000 (2) 9,283 140,068 7,758 6 EMPLOYEE HOLIDAY PAY 45,207 148,971 140,727 172,000 6 42,341 140,391 8,580 6 EMPLOYEE VACATION & PTO PA 24,913 308,300 253,727 275,000 22 21,045 259,004 49,296 19 UPM1C DISTRIBUTION 0 75,435 75,750 101,000 0 0 60,163 15,271 25 LONGEVITY PAY 2,018 6,963 6,964 6,964 0 0 15,168 (8,205) (54) CONSULTING FEES 0 40,307 89,466 97,600 (55) 0 2,732 37,574 1,375 TELEPHONE 2,929 28,737 34,833 38,000 (18) 2,987 33,813 (5,076) (15) ADVERTISING 1,620 12,036 17,416 19,000 (31) 624 13,213 (1,177) (9) DUES & SUBSCRIPTIONS - FEES 9,766 112,471 126,072 137,533 (11) 7,536 105,328 7,142 7 SCHOOLS & MEETINGS 14,840 192,463 257,000 274,894 (25) 20,212 212,270 (19,807) (9) MTCE OF GENERAL PLANT & OFFI 845 9,295 11,916 13,000 (22) 1,002 11,030 (1,735) (16) Total For Administrative Expense: 323,384 3,683,983 3,841,430 4,208,492 (4) 311,254 3,476,013 207,970 6 General Expense CIP REBATES - RESIDENTIAL 11,740 85,139 83,194 90,758 2 6,658 57,074 28,065 49 CIP REBATES - COMMERCIAL 395 98,667 102,666 112,000 (4) 0 54,432 44,235 81 CIP - ADMINISTRATION 10,214 163,477 167,717 182,965 (3) 15,375 26,786 136,691 510 CIP - MARKETING 1,074 45,894 46,965 51,235 (2) 832 37,444 8,450 23 CIP - LABOR 7,514 90,943 122,670 133,822 (26) 10,748 128,434 (37,490) (29) CIP REBATES - LOW INCOME 0 3,468 17,160 18,720 (80) 0 13,124 (9,656) (74) CIP - LOW INCOME LABOR 741 8,539 9,166 10,000 (7) 729 8,746 (206) (2) ENVIRONMENTAL COMPLIANCE 2,023 29,426 32,083 35,000 (8) 2,499 20,957 8,468 40 MISC GENERAL EXPENSE 125 3,560 2,291 2,500 55 88 6,283 (2,722) (43) Total For General Expense: 33,830 529,117 583,916 637,000 (9) 36,931 353,283 175,834 50 Total Expenses(before Operating Transfers) 2,746,184 37,428,244 41,260,230 44,976,678 (9) 2,957,546 39,294,443 (1,866,198) (5) Operating Transfer Operating Transfer/Other Funds TRANSFER TO CITY ELK RIVER R 122,634 1,425,274 1,590,102 1,707,411 (10) 130,002 1,522,339 (97,065) (6) ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING NOVEMBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric NOVEMBER YTD BUDGET BUDGET Bud Var% NOVEMBER YTD VARIANCE Actual Var% Total For Operating Transfer/Other Funds: 122,634 1,425,274 1,590,102 1,707,411 (10) 130,002 1,522,339 (97,065) (6) Utilities & Labor Donated UTILITIES & LABOR DONATED TO 20,888 210,579 242,000 264,000 (13) 19,357 235,099 (24,519) (10) Total For Utilities & Labor Donated: 20,888 210,579 242,000 264,000 (13) 19,357 235,099 (24,519) (10) Total Operating Transfer Total For Total Operating Transfer: 143,523 1,635,853 1,832,102 1,971,411 (11) 149,359 1,757,438 (121,585) (7) Net Income Profit(Loss) 751,127 3,020,141 2,080,838 1,573,740 45 987,246 49 741,237 2,032,895 a