3.1.C ERMUSR 08-09-2011 - Laserfiche WebLink

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PROFIT AND LOSS NARRATIVE June 2011 Electric P&L June's Operating Revenue is up 3% from the prior year, and under budgeted numbers by 9.5%. Within [he Operating Revenue category, Residential usage is down 14% while Small and Large Commercial usage are both up almost 10%. The weather was an average of eight degrees cooler this billing period versus the prior year, and is usually a significant factor in residential usage. Other Operating Revenue is in line with the prior year, and under budgeted numbers by 10.5%. The Interest Income continues to post steady returns with the sweep account in place. Connect Fees are down slightly from the prior year and budgeted numbers. Purchased Power is up down the prior yeaz by 8% and in line with the budget. For other expenses, Maintenance Expenses aze over the budgeted and prior year numbers. A significant portion of this month's maintenance increase is in Transportation Expense. The biggest increase in this category was for the fuel and diesel purchased; as well there were some additional parts and pieces of equipment purchased for optimum utilization of the bore rig, some repairs for the hole hog equipment, and a pager purchased. This month Landfill Gas is very consistent with the budgeted and prior year numbers. However, as mentioned before, there is additional expense accrued for maintenance that is being recognized throughout the year and there will be a consistent disparity when comparing year to yeaz. Other Operating Expenses aze in line with budget and the prior year numbers. For June, the Electric Department has a net profit of $442,138 which is ahead of the prior year yet behind budget. The year to date net profit is $652,739 and is also ahead of the prior year to date net profit of $392,116. Water P&L Water Operating Revenue is down 50% from the prior yeaz, and under budgeted numbers by 28%. The pumping is down this year, from 79 million gallons (MG) in 2010 to 48.6 MG in 2011. The weather being an average of eight degrees cooler this billing period versus the prior year is also a significant factor for water. Precipitation is another factor and that is pretty consistent with the prior yeaz, however 2011 had more consistent, regular rainfall than the prior year. Other Revenue is also down from the prior year and ahead of budget with minimal Connection Revenue and some Water Tower Lease Revenue in place this yeaz. Expenses are slightly less but very consistent with the prior year, and are under the budgeted amounts. For June, the Water Department has a net loss of ($43,387), which is greater than the budgeted loss of ($14,661), and behind the $87,192 profit last year. The year to date net loss is ($314,770), which is behind prior year to date net loss of ($186,248).