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PROFIT AND LOSS NARRATNE
<br />May 2010
<br />Electric P&L
<br />Electric Operating Revenue is up $126,747 or 7.6% from last year, and up $114,719 or 6.8%
<br />from the budgeted amount. The actual increase in kwh usage is 5.6%. Compared to a year ago,
<br />residential usage is down 2%, small commercial usage is up 11 %, industrial usage is down 7.5%,
<br />and the data centers' usage is up 33%. Of the two data centers, this increase is due to United
<br />Healthcare steadily increasing their usage, while Target is slightly below last year's usage.
<br />Other Revenue is down slightly from last year, $7,217 or 5°/y and down slightly from budget,
<br />$1,277 or 1 %. The decrease is largely from connection fees ($22,000 last year and $2,800 this
<br />year.) The landfill is up slightly from the prior year, $2,749 or 3%, but down from budget $5,822
<br />or 7%, as the engine production is affected due to the corrosive gas issues. Security continues to
<br />perform better than planned, up $6,449 or almost 40%.
<br />For Operath~g Expenses, purchased power is up $39,141 or 4%, consistent with the increased
<br />usage mentioned above, and actually below budget by $24,] 93 or 2%. Landfill expenses are
<br />increased, reflecting a $35,000 accrual for expected increased maintenance expense due to the
<br />corrosive gas affecting the engines. (This accrual is in addition to the already budgeted additional
<br />maintenance expense of $35,000. We anticipate that the additional maintenance will be very close
<br />to 2009 expenses of $119,000, approximately triple the budgeted amount.) Distribution expense
<br />is up compared to last year, but on target with the budget. Maintenance is also up compared to
<br />last year, and under the budgeted amount due to more old infrastructure replacement rather than
<br />maintenance of old infrastructure. Other Operating Expense had a $9,600 item last year
<br />reflecting an expense for disposition of obsolete inventory items.
<br />Net profit for the month is $196,896 with a year to date net profit of $136,443. Last year the net
<br />profit for the month was $136,354 with a year to date net loss of $49,529.
<br />Water P&L
<br />Water Operating Revenue is up $21,632 or 7 8% compared to last year, and up over 50% from the
<br />budget amount. Actual usage is up 15% and is attributable to the drastic comparison of weather
<br />between the two years. Last year was unseasonable heavy rainfall, with flooding in some parts of
<br />the state; while 2010 was unseasonably dry with not one day of rain and warm temperatures.
<br />Other Operating Revenue is consistent with the prior year and budget. There is a miscellaneous
<br />revenue item for scrap materials sold of $5,02] .
<br />Production and Pumping Expenses are down from the prior year, 24% and 4% respectively, and
<br />also down marginally from budget. Distribution expense is down from the prior year by $4,211 or
<br />35%, and down 77% from budget. Administrative expense is down 35% from last year and
<br />budget. Staff is doing a good job of managing expenses, and all of these variations can be largely
<br />attributed to the 80/20% split changing from the 75/25% split of department allocations, along
<br />with the water department being down one employee (so there are some distortions present that
<br />are skewing the numbers.)
<br />Net loss for the month is $6,848 with a year to date net loss of $298,383. Last year net loss for
<br />the month was $69,703 with a year to date net loss of $455,367.
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