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Water P&L <br />Water Operating Revenues also have a good start to the yeaz being up slightly by I% at <br />$96,953, and yet short of budget by 5%. We pumped 11 million more gallons of water <br />than last year, and sold 200,000 more gallons. <br />Other Revenue of $11,680 is down from budget 3% but ahead of the prior year by 7%. <br />The Investment Income amounts are up from last year (as also reflected in the Electric <br />P&L). The Connection Fee revenue of $2,135 is from hydrant rental and Miscellaneous <br />Revenue of $5,980 is from the water tower lease. <br />Expenses are slightly over budget by 3% and ahead of the prior year by 8%. Most water <br />expenses are consistent compared to the prior year. Depreciation is up this year and is <br />consistent with the capitalized purchases of 2011. Distribution expense is increased with <br />the additional water operator this year, as well as some unforeseen expenses related to the <br />water main break on School Street. <br />For January, the Water Department has a net loss (which is expected this time of year) of <br />($76,991), which is $7,859 over budget of ($69,132) and $5,478 behind last year of <br />($71,513). <br />LL <br />