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5.1g EMRUSR 02-11-2025
ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING DECEMBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric DECEMBER YTD BUDGET BUDGET Bud Var% DECEMBER YTD VARIANCE Actual Var% Revenue Operating Revenue Elk River ELECT SALES - ELK RIVER RESID 1,003,205 13,251,717 14,221,539 14,221,539 (7) 925,842 13,774,416 (522,699) (4) ELECT SALES - ELK RIVER NON-D 252,628 3,380,961 3,634,057 3,634,057 (7) 234,339 3,545,392 (164,431) (5) ELECT SALES - ELK RIVER DEMA 1,285,482 18,070,331 19,965,865 19,965,865 (9) 1,273,278 18,843,492 (773,160) (4) PCA SALES REVENUE- ELK RIVE 0 1,025,603 1,485,155 1,485,155 (31) 0 1,040,554 (14,951) (1) PCA SALES REVENUE - ELK RIVE 0 281,654 408,036 408,036 (31) 0 283,171 (1,517) (1) PCA SALES REVENUE - ELK RIVE 0 1,970,023 2,970,644 2,970,644 (34) 0 1,998,310 (28,286) (1) Total For Elk River: 2,541,316 37,980,290 42,685,299 42,685,299 (11) 2,433,461 39,485,337 (1,505,046) (4) Otsego ELECT SALES - OTSEGO RESIDEN 105,702 1,507,482 1,438,521 1,438,521 5 94,436 1,520,947 (13,465) (1) ELECT SALES - OTSEGO NON-DEM 33,551 502,611 477,265 477,265 5 24,282 497,057 5,553 1 ELECT SALES - OTSEGO DEMAND 105,796 1,506,462 1,154,078 1,154,078 31 102,255 1,428,814 77,648 5 PCA SALES REVENUE - OTSEGO R 0 115,205 162,572 162,572 (29) 0 113,642 1,563 1 PCA SALES REVENUE - OTSEGO N 0 42,530 58,535 58,535 (27) 0 41,419 1,110 3 PCA SALES REVENUE - OTSEGO D 0 163,550 223,596 223,596 (27) 0 150,238 13,312 9 Total For Otsego: 245,050 3,837,844 3,514,568 3,514,568 9 220,974 3,752,121 85,723 2 Rural Big Lake ELECT SALES - BIG LAKE RESIDE 13,882 184,523 216,883 216,883 (15) 12,930 196,033 (11,510) (6) ELECT SALES - BIG LAKE NON -DE 164 4,255 4,737 4,737 (10) 137 4,789 (533) (11) PCA SALES REVENUE - BIG LAKE 0 14,317 21,268 21,268 (33) 0 14,868 (550) (4) PCA SALES REVENUE - BIG LAKE 0 297 522 522 (43) 0 340 (43) (13) Total For Rural Big Lake: 14,046 203,394 243,411 243,411 (16) 13,068 216,031 (12,637) (6) Dayton ELECT SALES - DAYTON RESIDEN 13,834 196,738 224,525 224,525 (12) 12,485 208,525 (11,787) (6) ELECT SALES - DAYTON NON -DE 2,813 37,666 41,609 41,609 (9) 2,556 40,282 (2,615) (6) PCA SALES REVENUE - DAYTON R 0 14,964 22,385 22,385 (33) 0 15,521 (557) (4) PCA SALES REVENUE - DAYTON 0 2,789 4,231 4,231 (34) 0 2,958 (168) (6) Total For Dayton: 16,647 252,158 292,751 292,751 (14) 15,041 267,288 (15,129) (6) Public St & Hwy Lighting ELECT SALES - SEC LTS 21,831 260,837 260,000 260,000 0 21,673 259,191 1,645 1 Total For Public St & Hwy Lighting: 21,831 260,837 260,000 260,000 0 21,673 259,191 1,645 1 Other Electric Sales SUB -STATION CREDIT 400 4,800 4,800 4,800 0 400 4,800 0 0 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING DECEMBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric DECEMBER YTD BUDGET BUDGET Bud Var% DECEMBER YTD VARIANCE Actual Var% Total For Other Electric Sales: 400 4,800 4,800 4,800 0 400 4,800 0 0 Total Operating Revenue 2,839,293 42,539,325 47,000,831 47,000,831 (9) 2,704,619 43,984,770 (1,445,444) (3) Other Operating Revenue Interest/Dividend Income INTEREST & DIVIDEND INCOME Total For Interest/Dividend Income: Customer Penalties CUSTOMER DELINQUENT PENALT Total For Customer Penalties: Connection Fees DISCONNECT & RECONNECT CHA Total For Connection Fees: Misc Revenue MISC ELEC REVENUE - TEMP CHG STREET LIGHT TRANSMISSION INVESTMENTS MISC NON -UTILITY GAIN ON DISPOSITION OF PROPER PERA PENSION REVENUE CONTRIBUTIONS FROM CUSTOME Total For Misc Revenue: Total Other Revenue Total For Total Other Revenue: Total Revenue Expenses Purchased Power PURCHASED POWER ENERGY ADJUSTMENT CLAUSE Total For Purchased Power: Operating & Mtce Expense OPERATING SUPERVISION DIESEL OIL FUEL 25,830 338,144 85,000 85,000 298 46,659 158,309 179,834 114 25,830 338,144 85,000 85,000 298 46,659 158,309 179,834 114 24,751 295,142 285,000 285,000 4 19,454 308,374 (13,231) (4) 24,751 295,142 285,000 285,000 4 19,454 308,374 (13,231) (4) 19,307 317,234 135,000 135,000 135 11,135 151,296 165,938 110 19,307 317,234 135,000 135,000 135 11,135 151,296 165,938 110 0 2,830 5,000 5,000 (43) 0 5,994 (3,164) (53) 0 23,400 10,000 10,000 134 0 6,300 17,100 271 55,672 625,244 666,000 666,000 (6) 100,323 739,768 (114,524) (15) 11,747 219,986 110,000 110,000 100 19,271 182,451 37,534 21 0 8,600 0 0 0 21,620 72,630 (64,030) (88) 0 0 0 0 0 337 337 (337) (100) 0 690,933 225,000 225,000 207 91,488 489,451 201,481 41 67,419 1,570,994 1,016,000 1,016,000 55 233,040 1,496,934 74,059 5 137,308 2,521,515 1,521,000 1,521,000 66 310,288 2,114,914 406,601 19 137,308 2,521,515 1,521,000 1,521,000 66 310,288 2,114,914 406,601 19 2,976,602 45,060,841 48,521,831 (7) 46,099,685 (2) 48,521,831 3,014,907 (1,038,843) 1,677,510 22,154,018 24,250,423 24,250,423 (9) 1,611,485 23,416,660 (1,262,642) (5) 290,124 6,436,680 8,506,023 8,506,023 (24) 531,182 7,816,127 (1,379,447) (18) 1,967,635 28,590,698 32,756,447 32,756,447 (13) 2,142,668 31,232,788 (2,642,089) (8) 9,979 137,835 131,000 131,000 5 9,133 120,165 17,670 15 0 159 10,000 10,000 (98) 60 3,915 (3,755) (96) 77 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING DECEMBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric DECEMBER YTD BUDGET BUDGET Bud Var% DECEMBER YTD VARIANCE Actual Var% NATURAL GAS 5,810 21,926 33,000 33,000 (34) 3,322 28,240 (6,313) (22) ELECTRIC & WATER CONSUMPTI 6,870 58,033 66,000 66,000 (12) 5,439 62,628 (4,595) (7) PLANT SUPPLIES & OTHER EXPEN 966 9,756 15,000 15,000 (35) 953 27,882 (18,126) (65) MISC POWER GENERATION EXPE 0 640 8,000 8,000 (92) 141 3,909 (3,268) (84) MAINTENANCE OF STRUCTURE- 498 13,914 21,000 21,000 (34) 1,608 19,304 (5,390) (28) MTCE OF PLANT ENGINES/GENER 0 4,177 39,000 39,000 (89) 2,348 19,571 (15,394) (79) MTCE OF PLANT/LAND IMPROVE 3,681 20,339 46,000 46,000 (56) 4,432 29,436 (9,097) (31) Total For Operating & Mtee Expense: 27,806 266,782 369,000 369,000 (28) 27,441 315,055 (48,273) (15) Transmission Expense TRANSMISSION MTCE AND EXPE 2,693 48,622 72,000 72,000 (32) 4,445 63,810 (15,187) (24) Total For Transmission Expense: 2,693 48,622 72,000 72,000 (32) 4,445 63,810 (15,187) (24) Distribution Expense REMOVE EXISTING SERVICE & M 0 352 2,000 2,000 (82) 217 759 (407) (54) SCADA EXPENSE 8,868 51,049 45,000 45,000 13 4,997 53,498 (2,449) (5) TRANSFORMER EXPENSE OH & U 1,062 17,031 15,000 15,000 14 1,749 19,018 (1,987) (10) MTCE OF SIGNAL SYSTEMS 293 2,223 3,000 3,000 (26) 0 2,667 (443) (17) METER EXPENSE - REMOVE & RE 0 466 1,500 1,500 (69) 149 1,610 (1,144) (71) TEMP SERVICE - INSTALL & REM 207 650 7,000 7,000 (91) 0 9,206 (8,556) (93) MISC DISTRIBUTION EXPENSE 21,819 353,049 350,000 350,000 1 21,603 345,140 7,908 2 INTERCONNECTION CARRYING C 2,416 2,416 2,417 2,417 0 2,416 2,416 0 0 Total For Distribution Expense: 34,666 427,239 425,917 425,917 0 31,133 434,318 (7,079) (2) Maintenance Expense MTCE OF STRUCTURES 12,523 90,596 50,000 50,000 81 11,320 71,216 19,380 27 MTCE OF SUBSTATIONS 8,386 26,504 36,000 36,000 (26) 850 40,623 (14,118) (35) MTCE OF SUBSTATION EQUIPME 8,520 88,541 79,000 79,000 12 9,448 79,615 8,926 11 MTCE OF OH LINES/TREE TRIM 30,638 245,908 230,000 230,000 7 31,565 225,909 19,998 9 MTCE OF OH LINES/STANDBY 3,943 43,616 40,000 40,000 9 3,179 36,654 6,962 19 MTCE OF OH PRIMARY 17,013 174,965 170,000 170,000 3 10,253 152,226 22,739 15 MTCE OF URD PRIMARY 14,279 284,922 220,000 220,000 30 5,199 214,304 70,617 33 LOCATE ELECTRIC LINES 4,656 100,233 110,000 110,000 (9) 5,382 105,451 (5,217) (5) LOCATE FIBER LINES 219 3,182 1,500 1,500 112 202 624 2,558 410 MTCE OF LINE TRANSFORMERS 5,047 65,534 60,000 60,000 9 11,156 83,650 (18,116) (22) MTCE OF STREET LIGHTING 18,267 83,909 50,000 50,000 68 5,750 48,781 35,128 72 MTCE OF SECURITY LIGHTING 2,985 24,067 15,000 15,000 60 1,795 18,471 5,595 30 MTCE OF METERS 1,243 57,807 80,000 80,000 (28) 6,965 69,871 (12,063) (17) 78 ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING DECEMBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric DECEMBER YTD BUDGET BUDGET Bud Var% DECEMBER YTD VARIANCE Actual Var% VOLTAGE COMPLAINTS 524 6,937 12,000 12,000 (42) 317 10,389 (3,452) (33) SALARIES TRANSMISSION & DIST 2,473 31,044 30,000 30,000 3 2,162 28,029 3,015 11 ELECTRIC MAPPING 15,070 134,998 100,000 100,000 35 9,473 111,093 23,904 22 MTCE OF OH SECONDARY 1,820 21,933 25,000 25,000 (12) 2,576 26,387 (4,454) (17) MTCE OF URD SECONDARY 4,720 58,324 60,000 60,000 (3) 10,629 68,402 (10,078) (15) TRANSPORTATION EXPENSE 27,330 299,522 300,000 300,000 0 27,230 279,657 19,865 7 Total For Maintenance Expense: 179,663 1,842,551 1,668,500 1,668,500 10 155,461 1,671,361 171,189 10 Depreciation & Amortization DEPRECIATION 222,306 2,639,980 2,439,475 2,439,475 8 219,459 2,508,985 130,995 5 AMORTIZATION 55,677 668,135 668,136 668,136 0 55,677 668,135 0 0 Total For Depreciation & Amortization: 277,984 3,308,115 3,107,611 3,107,611 6 275,137 3,177,120 130,995 4 Interest Expense INTEREST EXPENSE - BONDS 68,246 833,610 845,673 845,673 (1) 71,400 870,693 (37,083) (4) AMORTIZATION OF DEBT DISCOU (4,988) (59,862) (59,863) (59,863) 0 (4,988) (59,862) 0 0 Total For Interest Expense: 63,257 773,748 785,810 785,810 2 66,412 810,831 (37,083) (5) Other Operating Expense EV CHARGING EXPENSE 210 2,661 3,100 3,100 (14) 200 2,173 488 22 LOSS ON DISPOSITION OF PROP (C (75) 2,950 155,800 155,800 (98) 0 13,073 (10,123) (77) OTHER DONATIONS 0 0 3,000 3,000 (100) 0 108 (108) (100) MUTUAL AID 0 54,540 0 0 0 0 4,415 50,124 1,135 PENSION EXPENSE 0 0 295,000 295,000 (100) 211,616 211,616 (211,616) (100) OTHER INTEREST EXPENSE 0 0 0 0 0 0 378 (378) (100) INTEREST EXPENSE - METER DEP 4,889 57,582 50,000 50,000 15 4,102 47,921 9,660 20 Total For Other Operating Expense: 5,024 117,734 506,900 506,900 77 215,918 279,686 (161,952) (58) Customer Accounts Expense METER READING EXPENSE 3,355 47,697 47,000 47,000 1 3,893 43,805 3,892 9 DISCONNECT/RECONNECT EXPEN 0 11,844 22,000 22,000 (46) 977 20,348 (8,504) (42) MISC CUSTOMER ACCOUNTS EXP 28,337 355,651 345,000 345,000 3 29,189 340,258 15,393 5 BAD DEBT EXPENSE & RECOVER 319 15,202 25,000 25,000 (39) 703 29,142 (13,939) (48) Total For Customer Accounts Expense: 32,012 430,395 439,000 439,000 (2) 34,764 433,554 (3,158) (1) Administrative Expense SALARIES OFFICE & COMMISSION 66,180 885,000 908,000 908,000 (3) 64,275 792,284 92,716 12 TEMPORARY STAFFING 0 0 4,000 4,000 (100) 0 0 0 0 OFFICE SUPPLIES 3,627 95,725 125,000 125,000 (23) 5,833 113,010 (17,284) (15) ELECTRIC & WATER CONSUMPTI (814) 24,245 40,000 40,000 (39) 292 27,148 (2,902) (11) ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING DECEMBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 Electric DECEMBER YTD BUDGET BUDGET Bud Var% DECEMBER YTD VARIANCE Actual Var% BANK FEES 214 2,845 2,500 2,500 14 288 1,886 958 51 LEGAL FEES 2,733 35,361 30,000 30,000 18 546 20,028 15,333 77 AUDITING FEES 1,640 18,880 22,000 22,000 (14) 1,623 20,439 (1,559) (8) INSURANCE 8,184 183,582 190,000 190,000 (3) 15,440 201,330 (17,747) (9) UTILITY SHARE- DEFERRED COM 3,481 111,229 120,000 120,000 (7) 5,588 116,375 (5,145) (4) UTILITY SHARE - MEDICAUDENT 56,087 829,167 870,000 870,000 (5) 60,569 824,442 4,724 1 UTILITY SHARE - PERA 25,960 308,017 302,000 302,000 2 23,607 286,887 21,129 7 UTILITY SHARE - FICA 25,754 300,170 295,000 295,000 2 23,288 280,348 19,822 7 EMPLOYEE SICK PAY 47,493 195,319 165,000 165,000 18 35,618 175,686 19,633 11 EMPLOYEE HOLIDAY PAY 30,105 179,076 172,000 172,000 4 27,845 168,236 10,840 6 EMPLOYEE VACATION & PTO PA 23,559 331,860 275,000 275,000 21 20,364 279,368 52,491 19 UPMIC DISTRIBUTION 37,105 112,540 101,000 101,000 11 28,703 88,867 23,673 27 LONGEVITY PAY 0 6,963 6,964 6,964 0 0 15,168 (8,205) (54) CONSULTING FEES 0 40,307 97,600 97,600 (59) 0 2,732 37,574 1,375 TELEPHONE 2,250 30,987 38,000 38,000 (18) 2,423 36,236 (5,249) (14) ADVERTISING 2,035 14,071 19,000 19,000 (26) 552 13,765 305 2 DUES & SUBSCRIPTIONS - FEES 9,856 122,327 137,533 137,533 (11) 19,373 124,702 (2,374) (2) SCHOOLS & MEETINGS 7,078 199,541 274,894 274,894 (27) 10,840 223,111 (23,569) (11) MTCE OF GENERAL PLANT & OFFI 777 10,072 13,000 13,000 (23) (1,182) 9,847 225 2 Total For Administrative Expense: 353,312 4,037,296 4,208,492 4,208,492 (4) 345,892 3,821,905 215,390 6 General Expense CIP REBATES - RESIDENTIAL 7,799 92,938 90,758 90,758 2 3,828 60,902 32,036 53 CIP REBATES - COMMERCIAL 12,334 111,001 112,000 112,000 (1) 16,836 71,268 39,733 56 CIP - ADMINISTRATION 16,593 180,070 182,965 182,965 (2) 500 27,286 152,784 560 CIP - MARKETING 1,137 47,032 51,235 51,235 (8) (1,218) 36,225 10,807 30 CIP - LABOR 7,270 98,214 133,822 133,822 (27) 9,773 138,208 (39,993) (29) CIP REBATES - LOW INCOME 294 3,762 18,720 18,720 (80) 3,068 16,193 (12,431) (77) CIP - LOW INCOME LABOR 724 9,264 10,000 10,000 (7) 645 9,391 (127) (1) ENVIRONMENTAL COMPLIANCE 2,034 31,460 35,000 35,000 (10) 2,496 23,454 8,006 34 M1SC GENERAL EXPENSE (128) 3,431 2,500 2,500 37 (1,175) 5,108 (1,676) (33) Total For General Expense: 48,059 577,176 637,000 637,000 (9) 34,754 388,037 189,138 49 Total Expenses(before Operating Transfers) 2,992,117 40,420,362 44,976,678 44,976,678 (10) 3,334,029 42,628,472 (2,208,110) (5) Operating Transfer Operating Transfer/Other Funds Electric ELK RIVER MUNICIPAL UTILITIES ELK RIVER, MINNESOTA STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET POSITION FOR PERIOD ENDING DECEMBER 2024 2024 2024 2024 2024 YTD ANNUAL 2024 YTD 2023 2023 YTD 2023 v. 2024 DECEMBER YTD BUDGET BUDGET Bud Var% DECEMBER YTD VARIANCE Actual Var% TRANSFER TO CITY ELK RIVER R 102,355 1,527,629 1,707,411 1,707,411 (11) 98,037 1,620,377 (92,748) (6) Total For Operating Transfer/Other Funds: 102,355 1,527,629 1,707,411 1,707,411 (11) 98,037 1,620,377 (92,748) (6) Utilities & Labor Donated UTILITIES & LABOR DONATED TO 18,779 229,358 264,000 264,000 (13) 18,464 253,563 (24,205) (10) Total For Utilities & Labor Donated: 18,779 229,358 264,000 264,000 (13) 18,464 253,563 (24,205) (10) Total Operating Transfer Total For Total Operating Transfer: 121,134 1,756,987 1,971,411 1,971,411 (11) 116,502 1,873,941 (116,953) (6) Net Income Profit(Loss) (136,649) 2,883,491 1,573,740 1,573,740 83 (435,623) 1,597,271 1,286,219 81