3.3. ERMUSR 01-10-2012 - Laserfiche WebLink

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PROFIT AND LOSS NARRATIVE November 2011 Electric P&L November Total Electric Operating Revenue is up 11% from the prior year, and total usage is consistent over last year at 9%. Within the Operating Revenue category, Residential usage is up 1.6%, Small Commercial usage is up 2%, and Large Commercial usage is up 22%. Other Operating Revenue is slightly higher than the prior year, up 6.5%. Purchased Power is up from the prior year by 9% (reflective of our increased usage mentioned above), with no Power Cost Adjustment (PCA) again this month. For other expenses, most are consistent with, or below, the prior year. Operating and Maintenance Expense is lower due to generator parts purchased and an assessment for a city project done last year and Distribution Expense is down as there were a number of transformers tested and painted last year. An overhead project was closed out this month last yeaz and so Maintenance Expense is down from the prior year. Some expenses aze higher than last year and they are Depreciation which is expected, Security Expense with the Med-Alert write-offs, and Services to the City with the higher sales and usage. Customer Accounts Expense is higher however last year's amount is unusually small, making the comparison distorted. For October, the Electric Department has a net profit of $258,547 which is ahead of the prior year's net profit of $183,446. The year to date net profit is $1,124,781 and is ahead of the prior year to date net profit was $813,771. Water P&L The November numbers for Water Operating Revenue were very good again this month, with Sales up $20,000, a 20% increase from the prior year. The consumption is also up 20%, however, the million gallons of water pumped and peak pumpage are consistent with the prior year. Other Revenue is decreased from the prior year due to water tower lease revenue being recognized late in the year, versus accruing throughout this year. Total Revenue is increased 10% over the prior yeaz and is only slightly behind the year-to-date total by 1.3%. Production and Pumping Expense are compazable with the prior year. Distribution Expense is increased over the prior yeaz with the addition of staff and performing some maintenance that was delayed previously. Depreciation Expense is higher than last year, as expected. Overall, expenses are higher than the previous year and this is expected due to the increased staffing. For October, the Water Depaztment has a net loss, which is normal, of ($33,716), ahead of last year's net loss of ($55,512). The year to date net profit of $54,175 is behind the prior year to date net profit of $127,599.