April 2026 Financials Presentation for June 2026 Meeting 2April 2026 Financials
Report Highlights
6/9/2026
PRESENTED AT MEETING - APRIL 2026 FINANCIAL PRESENTATION
2
YTD Profit & Profit Margin %
Purpose: To show the overall health of the organization.
•YTD ERMU’s revenue is exceeding expenses by $1.1M
•Resulting in a profit margin of 6.9%
Profit & Profit Margins %
Jan 2026 - Apr 2026
$1,074,729
6.88%
Revenue Expense
$15,620,150 $14,545,422
PRESENTED AT MEETING - APRIL 2026 FINANCIAL PRESENTATION
3
Electric YTD Profit & Profit Margin %
Profit & Profit Margins %
Jan 2026 - Apr 2026
$1,570,529
10.64%
Revenue Expense
$14,760,006 $13,189,477
PRESENTED AT MEETING - APRIL 2026 FINANCIAL PRESENTATION
4
Water YTD Profit & Profit Margin %
Profit (Loss) & Profit Margins %
Jan 2026 - Apr 2026
($495,800)
(57.64%)
Revenue Expense
$860,145 $1,355,945
PRESENTED AT MEETING - APRIL 2026 FINANCIAL PRESENTATION
5
Revenue vs Expense (YTD)
Purpose: To compare
revenue vs expense by
utility service.
•Green illustrates
electric and blue
illustrates water.
•Overall, revenue is
greater than expense.
REVENUE EXPENSE
PRESENTED AT MEETING - APRIL 2026 FINANCIAL PRESENTATION
6
YTD Actuals to Budget Comparison
Purpose: To illustrate the
combined net position
actuals versus budgeted
amounts.
•Overall, ERMU is
favorable to budget YTD
•Bars represent each
month, lines represent
cumulative
PRESENTED AT MEETING - APRIL 2026 FINANCIAL PRESENTATION
7
Purpose: To illustrate
Electric’s net position
actuals versus budgeted
amounts.
•YTD Electric is
favorable to budget
Electric YTD Actuals to Budget Comparison
PRESENTED AT MEETING - APRIL 2026 FINANCIAL PRESENTATION
8
Purpose: To illustrate
Water’s net position
actuals versus budgeted
amounts.
•YTD Water is favorable
to budget
Water YTD Actuals to Budget ComparisonPRESENTED AT MEETING - APRIL 2026 FINANCIAL PRESENTATION
9
Accounts Receivable-Utility Aging 4/30/2026
Purpose: an overview of
outstanding payments from
customers and how long
they are past due.
•City services make up
$471k of total A/R balances
of $3.552M
•Over 90 days is only 2% of
total A/R compared to 92%
being current
GREEN
IS
GOOD!
PRESENTED AT MEETING - APRIL 2026 FINANCIAL PRESENTATION
10
Electric Department – Purchased Power
Purpose: To illustrate 5-year
comparison in purchased power
costs.
•Purchased power 2026 YTD is
approximately 62% of total
expenses.
•2026 YTD purchased power is
favorable to budget 9%.
•2026 expense is 3% less than
2025. YTD 2026 is $230k less
than 2025. 3% higher kWh
purchased but 27% less EAC
charges.
PRESENTED AT MEETING - APRIL 2026 FINANCIAL PRESENTATION
11
Electric Department – Electric Usage Sales
Purpose: To illustrate a 5-year
comparison in electric usage sales.
•Usage can vary greatly from year to
year with weather being a primary
factor.
•Electric kWh usage is 4% higher in
2026 as compared to 2025. YTD
sales revenue is 1% lower (due to
PCA).
•***Through May 2026***
PRESENTED AT MEETING - APRIL 2026 FINANCIAL PRESENTATION
12
Water Department – Water Usage Sales
Purpose: To illustrate trends and
view comparisons in water usage
sales.
•Usage can vary greatly from year
to year based on a variety of
factors such as weather.
•The water sales graph highlights
both usage and revenue dollars.
•Water usage is down 1% YTD,
and sales revenue is up 2% YTD
over prior year.
•***Through May 2026***
PRESENTED AT MEETING - APRIL 2026 FINANCIAL PRESENTATION
Thank You!
Melissa Karpinski, CPA - Finance Manager
mkarpinski@ermumn.com
PRESENTED AT MEETING - APRIL 2026 FINANCIAL PRESENTATION