2.3. ERMUSR 10-09-2012 - Laserfiche WebLink

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PROFIT AND LOSS NARRATIVE August 2012 Electric P&L August Operating Revenue of$3,111,468 is marginally up from budgeted numbers by 1%and up from the prior year by 2.6%. Within the revenue categories, Residential usage is increased 5.9%, Small Commercial usage is increased 5.5%, and Large Commercial usage is increased 6.8% from the prior year. Other Operating Revenue is up 23%with Connection Fees up again this month. Also the Landfill and Security are performing better than budget and the prior year. Purchased Power of$2,563,677 is actually under budgeted numbers again this month,but by less than 1%, and over last year by 5%. For other expenses,most items are consistent with prior year. Landfill Expenses are increased as we are accruing maintenance costs throughout the year rather than adjusting for a large expense at year end. Maintenance Expense is up from the prior year due to some underground maintenance,however year-to-date these expenses are less than the prior year and in line with budget. Administrative and General expenses are increased this month due to three fundings of employer portions of payroll taxes and PERA contributions occurring versus the usual two fundings, and is in line with budgeted numbers. For August, the Electric Department has a Net Profit of$50,325 compared to last year's Net Profit of$125,724, and yet is ahead of the prior year to date amount by$592,457. Water P&L Water Operating Revenues are up from last year by 35%, and up from budget by 26%. In the various revenue categories, Residential usage is up 44%and Commercial usage is up 19%. Other Revenue is down this month from last year due to lower Connect Fees, however still ahead of year to date Connect Fees. Total Revenue is 25%ahead of last year for the month of August. Total Expenses are up compared to last year. Production and Pumping Expenses are higher with more pumping and related cost increases this year. Administrative &General Expense is increased for the same reasons noted above in the electric department. For August, the Water Department has a Net Profit of$155,263 compared to last year's Net Profit of$94,962, and is ahead of the prior year to date Net Loss by $87,539. L