2.3. ERMUSR 11-13-2012 - Laserfiche WebLink

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PROFIT AND LOSS NARRATIVE September 2012 Electric P&L September Operating Revenue of$2,966,344 is up from budgeted numbers by 8%and up from the prior year by 9%. Within the revenue categories, Residential usage is increased 10%, Small Commercial usage is increased 8%, and Large Commercial usage is increased 4% from the prior year. Other Operating Revenue is up 20%with the Landfill and Security performing better than budget and the prior year. Connection Fees continue to be higher than the prior year, although a much smaller component this month. Purchased Power of$2,314,632 is slightly behind budgeted numbers again this month, and over last year by half a percent. For other expenses, some items are increased from the prior year and some are decreased, however,with an almost exact total expense number. For September the Electric Department has a Net Profit of$121,823 compared to last year's Net Loss of($158,887), and is ahead of the prior year to date amount by$873,167. Water P&L Water Operating Revenues are up from last year by 79%, and up from budget by 69%. In the various revenue categories,Residential usage is up 76%and Commercial usage is up 60%. Other Revenue is down this month from last year by 50%, as last year there was the addition of the Auburn Street Water Tower lease added for$23,000 in September 2012. For 2013 this lease revenue is being recognized monthly. Driven by high usage and sales,Total Revenue is 65% ahead of last year for the month of September. Total Expenses are consistent compared to last year, and are actually decreased by 2%. As in the electric department, there are increases in some expense line items and decreases in others that net out to a number very close to the prior year. For September,the Water Department has a Net Profit of$258,937 compared to last year's Net Profit of$52,274, and is ahead of the prior year to date Net Loss by $269,203.