Polar vortex reflected in HMU year-end audit
HARLAN – The Harlan Municipal Utilities has approved its annual audit report, as provided by Gronewold, Bell, Kyhnn & Co, CPAs, Atlantic.
Auditors reported the electric fund revenues (including non-operating) totaled $7,565,900 for the year ended June 30, 2021, a 3.3 percent increase from 2020.
The revenues included $6,689,300 in sales to consumers and other operating revenue, $817,000 in sales to MISO and $59,600 in investment income.
Electric fund expenses totaled $5,813,300, an 8.9 percent increase from the prior year, and included $3,629,100 for plant, distribution and transmission; $263,900 for administrative and general services; $356,300 for employee benefits; $1,289,500 for depreciation; and $69,000 for interest costs.
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