5.1 EMRUSR 02-11-2025��i
Elk River
Municipal Utilities UTILITIES COMMISSION MEETING
TO:
FROM:
ERMU Commission
Melissa Karpinski — Finance Manager
MEETING DATE:
AGENDA ITEM NUMBER:
February 11, 2025
5.1
SUBJECT:
Financial Report — December 2024
ACTION REQUESTED:
Receive the December 2024 Financial Report
DISCUSSION:
Please note that these are the preliminary unaudited financial statements.
Electric
December 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 December 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
December YTD gallons of water sold are down 16% from the prior year. For further breakdown:
• Residential use is down 20%
• Commercial use is down 13%
For December 2024, the Water Department overall is behind prior YTD and unfavorable to
budget YTD (year-end entry for water tower attachment revenue has not been posted yet).
Additional variance analysis can be found on the Summary Water Statement of Revenues,
Expenses and Changes in Net Position attachment.
ATTACHMENTS:
• Balance Sheet 12.2024
• Electric Balance Sheet 12.2024
• Water Balance Sheet 12.2024
• Summary Electric Statement of Revenues, Expenses and Changes in Net Position
12.2024
• Summary Water Statement of Revenues, Expenses and Changes in Net Position 12.2024
Page 1 of 2
• Graphs Prior Year and YTD 2024
• Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 12.2024
• Detailed Water Statement of Revenues, Expenses and Changes in Net Position 12.2024
• Budget vs Actual Graphs — Combined Electric and Water 12.2024
Page 2 of 2
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