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5.1h 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 Water DECEMBER YTD BUDGET BUDGET Bud Var% DECEMBER 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 PERA PENSION REVENUE TRANSFER IN FROM CITY GAIN ON DISPOSITION OF PROPER MISCELLANEOUS REVENUE HYDRANT MAINTENANCE PROGR CONTRIBUTIONS FROM DEVELOP WATER TOWER LEASE LEASE INTEREST REVENUE Total For Misc Revenue: Total Other Revenue 2023 YTD 2023 v. 2024 YTD VARIANCE Actual Var% 90,863 1,556,933 1,595,403 1,595,403 (2) 87,842 1,854,122 (297,189) (16) 53,955 967,171 923,908 923,908 5 52,088 1,048,578 (81,406) (8) 4,456 279,496 268,691 268,691 4 2,622 402,446 (122,950) (31) 149,274 2,803,601 2,788,003 2,788,003 1 142,553 3,305,147 (501,545) (15) 149,274 2,803,601 2,788,003 2,788,003 1 142,553 3,305,147 (501,545) (15) 149,274 2,803,601 2,788,003 2,788,003 1 142,553 3,305,147 (501,545) (15) 8,302 104,442 40,000 40,000 161 13,183 57,359 47,082 82 558 1,117 1,500 1,500 (26) 543 1,086 30 3 8,861 105,559 41,500 41,500 154 13,726 58,446 47,113 81 4,927 31,102 25,000 25,000 24 961 23,117 7,984 35 4,927 31,102 25,000 25,000 24 961 23,117 7,984 35 38,056 477,998 200,000 200,000 139 18,000 253,340 224,657 89 6,725 44,469 30,000 30,000 48 1,836 24,478 19,991 82 2,911 27,938 25,000 25,000 12 5,514 31,255 (3,316) (11) 47,693 550,406 255,000 255,000 116 25,350 309,074 241,332 78 0 95 50 50 92 0 120 (24) (20) 0 0 0 0 0 62 62 (62) (100) 0 0 230,000 230,000 (100) 1,348,941 1,348,941 (1,348,941) (100) 0 0 0 0 0 0 2,940 (2,940) (100) 0 716 500 500 43 0 258 458 177 1,823 13,374 15,000 15,000 (11) 975 14,493 (1,118) (8) 0 0 65,000 65,000 (100) 0 0 0 0 0 0 308,236 308,236 (100) 327,431 327,431 (327,431) (100) 0 0 0 0 0 74,992 74,992 (74,992) (100) 1,823 14,187 618,786 618,786 (98) 1,752,401 1,769,238 (1,755,051) (99) 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 Water DECEMBER YTD BUDGET BUDGET Bud Var% DECEMBER YTD VARIANCE Actual Var% 63,306 701,255 940,286 940,286 (25) 1,792,440 2,159,877 (1,458,621) (68) Total For Total Other Revenue: 63,306 701,255 940,286 940,286 (25) 1,792,440 2,159,877 (1,458,621) (68) Total Revenue 3,728,289 212,581 3,504,857 3,728,289 (6) 1,934,994 5,465,024 (1,960,167) (36) Expenses Production Expense MTCE OF STRUCTURES 10,006 118,774 115,000 115,000 3 9,176 104,828 13,946 13 Total For Production Expense: 10,006 118,774 115,000 115,000 3 9,176 104,828 13,946 13 Pumping Expense SUPERVISION 5,393 69,969 67,500 67,500 4 4,860 63,017 6,951 11 ELECTRIC & GAS UTILITIES 23,359 256,685 335,171 335,171 (23) 18,661 300,994 (44,309) (15) SAMPLING 1,837 21,964 17,000 17,000 29 1,086 17,430 4,533 26 CHEMICAL FEED 1,759 38,920 53,000 53,000 (27) 3,525 46,426 (7,505) (16) MTCE OF WELLS 37,761 236,998 165,000 165,000 44 (2,868) 131,604 105,393 80 SCADA - PUMPING 3,138 13,837 8,000 8,000 73 422 3,576 10,260 287 Total For Pumping Expense: 73,248 638,375 645,671 645,671 (1) 25,687 563,051 75,324 13 Distribution Expense MTCE OF WATER MAINS 2,575 97,522 175,000 175,000 (44) 2,348 144,493 (46,970) (33) LOCATE WATER LINES 565 13,728 17,250 17,250 (20) 441 8,898 4,830 54 MTCE OF WATER SERVICES 0 0 500 500 (100) 0 240 (240) (100) WATER METER SERVICE 28,512 100,494 66,000 66,000 52 235 28,604 71,890 251 BACKFLOW DEVICE INSPECTION 1,440 19,532 20,000 20,000 (2) 1,123 19,146 385 2 MTCE OF CUSTOMERS SERVICE 2,979 33,583 33,000 33,000 2 2,586 30,328 3,254 11 WATER MAPPING 8,162 25,858 15,000 15,000 72 2,015 17,752 8,105 46 MTCE OF WATER HYDRANTS - PU 780 22,736 20,000 20,000 14 2,990 16,331 6,405 39 MTCE OF WATER HYDRANTS - PR 0 4,990 6,000 6,000 (17) 0 3,665 1,325 36 WATER CLOTHING/PPE 0 9,528 10,000 10,000 (5) 224 10,352 (824) (8) WAGES WATER 469 7,617 7,500 7,500 2 526 7,030 587 8 TRANSPORTATION EXPENSE 322 18,310 24,000 24,000 (24) 511 15,831 2,479 16 WATER PERMIT 0 26,255 28,000 28,000 (6) 0 15,752 10,502 67 Total For Distribution Expense: 45,807 380,158 422,250 422,250 (10) 13,003 318,426 61,731 19 Depreciation & Amortization DEPRECIATION 113,908 1,221,246 1,148,987 1,148,987 6 100,973 1,174,752 46,493 4 Total For Depreciation & Amortization: 113,908 1,221,246 1,148,987 1,148,987 6 100,973 1,174,752 46,493 4 Interest Expense 83 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 Water DECEMBER YTD BUDGET BUDGET Bud Var% DECEMBER YTD VARIANCE Actual Var% INTEREST EXPENSE - BONDS 3,266 40,600 40,600 40,600 0 3,466 43,000 (2,400) (6) AMORTIZATION OF DEBT DISCOU (554) (6,650) (6,651) (6,651) 0 (554) (6,650) 0 0 Total For Interest Expense: 2,712 33,949 33,949 33,949 0 2,912 36,349 (2,400) (7) Other Operating Expense LOSS ON DISPOSITION OF PROP (C 0 0 14,000 14,000 (100) 0 0 0 0 LOSS ON DISPOSITION OF PROP (N 16,271 16,271 0 0 0 0 0 16,271 0 DAM MAINTENANCE EXPENSE 0 444 2,000 2,000 (78) 0 1,876 (1,431) (76) PENSION EXPENSE 0 0 65,000 65,000 (100) 19,334 19,334 (19,334) (100) OTHER INTEREST EXPENSE 0 0 0 0 0 0 94 (94) (100) INTEREST EXPENSE - METER DEP 62 967 1,300 1,300 (26) 107 1,262 (295) (23) Total For Other Operating Expense: 16,334 17,683 82,300 82,300 (79) 19,441 22,567 (4,884) (22) Customer Accounts Expense METER READING EXPENSE 573 5,549 2,500 2,500 122 200 2,238 3,311 148 MISC CUSTOMER ACCOUNTS EXP 7,107 91,045 89,000 89,000 2 7,665 86,429 4,615 5 BAD DEBT EXPENSE & RECOVER 0 19 250 250 (92) 0 (28) 47 171 Total For Customer Accounts Expense: 7,681 96,614 91,750 91,750 5 7,865 88,639 7,974 9 Administrative Expense SALARIES OFFICE & COMMISSION 19,334 258,534 285,000 285,000 (9) 18,457 230,045 28,488 12 TEMPORARY STAFFING 0 0 1,000 1,000 (100) 0 0 0 0 OFFICE SUPPLIES 785 23,419 37,000 37,000 (37) 1,313 24,421 (1,002) (4) ELECTRIC & WATER CONSUMPTI (206) 6,061 11,000 11,000 (45) 73 6,787 (725) (11) BANK FEES 53 726 600 600 21 72 484 242 50 LEGAL FEES 252 5,708 9,000 9,000 (37) 136 4,375 1,332 30 AUDITING FEES 410 5,266 6,000 6,000 (12) 405 5,655 (389) (7) INSURANCE 1,465 40,122 43,000 43,000 (7) 2,991 51,107 (10,984) (21) UTILITY SHARE - DEFERRED COM 561 18,628 21,000 21,000 (11) 1,371 21,515 (2,887) (13) UTILITY SHARE - MEDICAL/DENT 14,801 202,666 220,000 220,000 (8) 14,111 202,874 (207) 0 UTILITY SHARE - PERA 5,051 59,326 56,000 56,000 6 4,231 52,775 6,551 12 UTILITY SHARE - FICA 5,085 58,185 54,000 54,000 8 4,077 50,873 7,312 14 EMPLOYEE SICK PAY 3,476 33,020 29,000 29,000 14 3,811 28,323 4,696 17 EMPLOYEE HOLIDAY PAY 6,153 34,537 32,000 32,000 8 5,423 30,911 3,626 12 EMPLOYEE VACATION & PTO PA 3,996 59,901 52,000 52,000 15 3,667 48,487 11,413 24 UPMIC DISTRIBUTION 7,544 23,571 21,000 21,000 12 5,379 16,347 7,224 44 WELLHEAD PROTECTION 0 0 2,000 2,000 (100) 0 6,861 (6,861) (100) LONGEVITY PAY 0 836 837 837 0 0 2,581 (1,745) (68) a 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 Water DECEMBER YTD BUDGET BUDGET Bud Var% DECEMBER YTD VARIANCE Actual Var% CONSULTING FEES 4,924 16,316 45,900 45,900 (64) 1,260 10,266 6,050 59 TELEPHONE 478 7,024 9,000 9,000 (22) 584 8,249 (1,225) (15) ADVERTISING 508 3,632 5,000 5,000 (27) 138 4,116 (483) (12) DUES & SUBSCRIPTIONS - FEES 1,315 77,760 88,114 88,114 (12) 3,818 73,689 4,071 6 SCHOOLS & MEETINGS 284 42,421 61,072 61,072 (31) 763 36,453 5,967 16 MTCE OF GENERAL PLANT & OFFI 197 2,518 3,100 3,100 (19) (295) 2,461 56 2 Total For Administrative Expense: 76,474 980,187 1,092,623 1,092,623 (10) 71,791 919,665 60,521 7 General Expense CIP REBATES - RESIDENTIAL 120 1,090 5,000 5,000 (78) 0 1,185 (95) (8) CIP REBATES - COMMERCIAL 0 0 500 500 (100) 0 0 0 0 CIP - MARKETING 0 1,117 2,000 2,000 (44) 0 966 150 16 CIP - LABOR 0 0 5,000 5,000 (100) 0 1,288 (1,288) (100) ENVIRONMENTAL COMPLIANCE 55 683 2,500 2,500 (73) 47 1,364 (680) (50) M1SC GENERAL EXPENSE 0 0 250 250 (100) (644) (669) 669 100 Total For General Expense: 175 2,891 15,250 15,250 (81) (597) 4,136 (1,245) (30) Total Expenses(before Operating Transfers) 346,349 3,489,880 3,647,781 3,647,781 (4) 250,255 3,232,417 257,462 8 Operating Transfer Utilities & Labor Donated WATER & LABOR DONATED TO Cl 0 0 1,500 1,500 (100) 0 0 0 0 Total Operating Transfer Total For Total Operating Transfer: 0 0 1,500 1,500 (100) 0 0 0 0 Net Income Profit(Loss) (133,768) 14,976 79,007 79,007 (81) 2,232,606 (2,217,630) (99) 1,684,738