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5.1h 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 Water NOVEMBER YTD BUDGET BUDGET Bud Var% NOVEMBER 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% 128,232 1,466,070 1,505,864 1,595,403 (3) 100,615 1,766,279 (300,209) (17) 87,452 913,216 868,636 923,908 5 75,120 996,489 (83,273) (8) 22,312 275,040 267,294 268,691 3 9,437 399,824 (124,784) (31) 237,997 2,654,326 2,641,795 2,788,003 0 185,172 3,162,593 (508,266) (16) 237,997 2,654,326 2,641,795 2,788,003 0 185,172 3,162,593 (508,266) (16) 237,997 2,654,326 2,641,795 2,788,003 0 185,172 3,162,593 (508,266) (16) 12,707 96,139 36,666 40,000 162 8,103 44,176 51,963 118 0 558 1,375 1,500 (59) 0 543 15 3 12,707 96,698 38,041 41,500 154 8,103 44,720 51,978 116 2,399 26,174 22,916 25,000 14 2,061 22,156 4,018 18 2,399 26,174 22,916 25,000 14 2,061 22,156 4,018 18 43,200 439,941 183,333 200,000 140 49,530 235,340 204,600 87 5,237 37,744 27,500 30,000 37 7,126 22,642 15,102 67 4,552 25,027 22,916 25,000 9 4,185 25,740 (713) (3) 52,990 502,712 233,750 255,000 115 60,842 283,723 218,989 77 20 95 45 50 109 20 120 (24) (20) 0 0 0 230,000 0 0 0 0 0 0 0 0 0 0 0 2,940 (2,940) (100) 0 716 458 500 57 0 258 458 177 975 11,550 13,750 15,000 (16) 975 13,518 (1,967) (15) 0 0 0 65,000 0 0 0 0 0 0 0 0 308,236 0 0 0 0 0 995 12,363 14,254 618,786 (13) 995 16,836 (4,473) (27) 69,093 637,949 308,962 940,286 106 72,002 367,436 270,512 74 69,093 637,949 308,962 940,286 106 72,002 367,436 270,512 74 70 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 Water NOVEMBER YTD BUDGET BUDGET Bud Var% NOVEMBER YTD VARIANCE Actual Var% Total Revenue 307,091 3,292,276 2,950,757 3,728,289 12 257,174 3,530,030 (237,754) (7) Expenses Production Expense MTCE OF STRUCTURES 4,272 108,768 105,416 115,000 3 6,162 95,652 13,116 Total For Production Expense: 4,272 108,768 105,416 115,000 3 6,162 95,652 13,116 Pumping Expense SUPERVISION 4,290 64,575 61,875 67,500 4 5,363 58,157 6,418 ELECTRIC & GAS UTILITIES 17,421 233,326 307,240 335,171 (24) 15,672 282,333 (49,007) SAMPLING 1,120 20,127 15,583 17,000 29 3,286 16,343 3,783 CHEMICAL FEED 2,760 37,161 48,583 53,000 (24) 699 42,900 (5,739) MTCE OF WELLS 39,230 199,237 151,250 165,000 32 9,606 134,473 64,763 SCADA - PUMPING 328 10,698 7,333 8,000 46 283 3,154 7,544 Total For Pumping Expense: 65,152 565,126 591,865 645,671 (5) 34,910 537,363 27,763 Distribution Expense MTCE OF WATER MAINS 4,663 94,947 160,416 175,000 (41) 6,379 142,145 (47,197) LOCATE WATER LINES 1,100 13,162 15,812 17,250 (17) 578 8,456 4,706 MTCE OF WATER SERVICES 0 0 458 500 (100) 0 240 (240) WATER METER SERVICE 10,820 71,982 60,500 66,000 19 600 28,368 43,613 BACKFLOW DEVICE INSPECTION 1,261 18,091 18,739 20,000 (3) 1,151 18,023 68 MTCE OF CUSTOMERS SERVICE 3,066 30,603 30,250 33,000 1 2,510 27,741 2,861 WATER MAPPING 1,562 17,695 13,750 15,000 29 4,020 15,736 1,958 MTCE OF WATER HYDRANTS - PU 1,409 21,955 18,333 20,000 20 791 13,340 8,615 MTCE OF WATER HYDRANTS - PR 0 4,990 5,500 6,000 (9) 0 3,665 1,325 WATER CLOTHING/PPE 76 9,528 9,166 10,000 4 986 10,128 (599) WAGES WATER 628 7,148 6,875 7,500 4 582 6,504 644 TRANSPORTATION EXPENSE 1,240 17,988 22,000 24,000 (18) 1,226 15,319 2,668 WATER PERMIT 0 26,255 28,000 28,000 (6) 0 15,752 10,502 Total For Distribution Expense: 25,828 334,350 389,801 422,250 (14) 18,827 305,423 28,927 Depreciation & Amortization DEPRECIATION 100,185 1,107,337 1,053,250 1,148,987 5 97,593 1,073,779 33,558 Total For Depreciation & Amortization: 100,185 1,107,337 1,053,250 1,148,987 5 97,593 1,073,779 33,558 Interest Expense INTEREST EXPENSE - BONDS 3,266 37,333 37,333 40,600 0 3,466 39,533 (2,200) AMORTIZATION OF DEBT DISCOU (554) (6,096) (6,096) (6,651) 0 (554) (6,096) 0 71 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 Water NOVEMBER YTD BUDGET BUDGET Bud Var% NOVEMBER YTD VARIANCE Actual Var% Total For Interest Expense: 2,712 31,236 31,236 33,949 0 2,912 33,436 (2,200) (7) Other Operating Expense LOSS ON DISPOSITION OF PROP (C 0 0 14,000 14,000 (100) 0 0 0 0 DAM MAINTENANCE EXPENSE 0 444 1,833 2,000 (76) 0 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 58 904 1,191 1,300 (24) 107 1,155 (251) (22) Total For Other Operating Expense: 58 1,349 17,025 82,300 (92) 107 3,126 (1,777) (57) Customer Accounts Expense METER READING EXPENSE 607 4,975 2,291 2,500 117 192 2,037 2,937 144 MISC CUSTOMER ACCOUNTS EXP 7,430 83,938 81,583 89,000 3 5,601 78,764 5,174 7 BAD DEBT EXPENSE & RECOVER 0 19 229 250 (92) 0 (28) 47 168 Total For Customer Accounts Expense: 8,037 88,933 84,104 91,750 6 5,793 80,773 8,159 10 Administrative Expense SALARIES OFFICE & COMMISSION 20,269 239,199 261,250 285,000 (8) 18,197 211,588 27,611 13 TEMPORARY STAFFING 0 0 916 1,000 (100) 0 0 0 0 OFFICE SUPPLIES 2,203 22,634 33,916 37,000 (33) 1,888 23,108 (474) (2) ELECTRIC & WATER CONSUMPTI 467 6,267 10,083 11,000 (38) 459 6,713 (446) (7) BANK FEES 88 673 550 600 22 27 412 261 63 LEGAL FEES 748 5,455 8,250 9,000 (34) 507 4,239 1,216 29 AUDITING FEES 410 4,856 5,500 6,000 (12) 405 5,250 (394) (8) INSURANCE 3,664 38,656 39,416 43,000 (2) 3,441 48,115 (9,458) (20) UTILITY SHARE - DEFERRED COM 854 18,067 19,250 21,000 (6) 1,405 20,143 (2,076) (10) UTILITY SHARE - MEDICAL/DENT 14,905 187,865 203,636 220,000 (8) 14,235 188,762 (897) 0 UTILITY SHARE - PERA 4,846 54,275 51,333 56,000 6 4,312 48,543 5,732 12 UTILITY SHARE - FICA 4,442 53,100 49,500 54,000 7 4,008 46,796 6,304 13 EMPLOYEE SICK PAY 4,115 29,543 26,583 29,000 11 1,705 24,512 5,031 21 EMPLOYEE HOLIDAY PAY 9,288 28,384 26,181 32,000 8 8,125 25,487 2,896 11 EMPLOYEE VACATION & PTO PA 4,385 55,905 48,000 52,000 16 3,706 44,820 11,084 25 UPMIC DISTRIBUTION 0 16,027 15,750 21,000 2 0 10,967 5,059 46 WELLHEAD PROTECTION 0 0 1,870 2,000 (100) 0 6,861 (6,861) (100) LONGEVITY PAY 106 836 837 837 0 0 2,581 (1,745) (68) CONSULTING FEES 0 11,391 42,075 45,900 (73) 490 9,006 2,385 26 TELEPHONE 651 6,546 8,250 9,000 (21) 667 7,664 (1,118) (15) ADVERTISING 405 3,124 4,583 5,000 (32) 156 3,978 (854) (21) 72 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 Water NOVEMBER YTD BUDGET BUDGET Bud Var% NOVEMBER YTD VARIANCE Actual Var% DUES & SUBSCRIPTIONS - FEES 15,288 76,445 86,600 88,114 (12) 14,876 69,871 6,573 9 SCHOOLS & MEETINGS 1,342 42,136 59,075 61,072 (29) 2,864 35,690 6,445 18 MTCE OF GENERAL PLANT & OFFI 211 2,321 2,841 3,100 (18) 250 2,757 (436) (16) Total For Administrative Expense: 88,694 903,713 1,006,250 1,092,623 (10) 81,732 847,874 55,839 7 General Expense CIP REBATES - RESIDENTIAL 125 970 4,583 5,000 (79) 0 1,185 (215) (18) CIP REBATES - COMMERCIAL 0 0 458 500 (100) 0 0 0 0 CIP - MARKETING 0 1,117 1,833 2,000 (39) 0 966 150 16 CIP - LABOR 0 0 4,583 5,000 (100) 0 1,288 (1,288) (100) ENVIRONMENTAL COMPLIANCE 37 628 2,291 2,500 (73) 52 1,316 (688) (52) MISC GENERAL EXPENSE 0 0 229 250 (100) 0 (24) 24 100 Total For General Expense: 162 2,715 13,979 15,250 (81) 52 4,733 (2,017) (43) Total Expenses(before Operating Transfers) 295,105 3,143,530 3,292,928 3,647,781 (5) 248,093 2,982,162 161,368 5 Operating Transfer Utilities & Labor Donated WATER & LABOR DONATED TO Cl 0 0 1,375 1,500 (100) 0 0 0 0 Total Operating Transfer Total For Total Operating Transfer: 0 0 1,375 1,500 (100) 0 0 0 0 Net Income Profit(Loss) 11,985 148,745 (343,546) 79,007 143 (399,123) (73) 9,081 547,868 73