Laserfiche WebLink
PROFIT AND LOSS NARRATIVE <br /> January 2013 <br /> Electric P&L <br /> Despite the January 2013 average temperature being colder than the prior year, January <br /> Operating Revenue of$2,145,659 is behind budgeted numbers by 1% and down from the <br /> prior year 2%. Within the revenue categories: Residential is down slightly, Small <br /> Commercial is up slightly, and the Large Commercial revenue is up 5% from the prior <br /> year. Dispersed Generation Credit is more than the prior year due to the second data <br /> center not being on the program early 2012, and this is the major factor in the decreased <br /> revenue total from the prior year. <br /> Other Operating Revenue is consistent with the budgeted numbers, yet down from the <br /> prior year 24%. This is due to Connection Fees from two industries in 2012 that are <br /> nonrecurring in 2013. As stated before the Connection Fees can vary significantly from <br /> month to month and year to year. <br /> Purchased Power of$1,631,748 is under budgeted numbers slightly, and up from last <br /> year 5% reflecting the increased wholesale cost. For other expenses, Maintenance <br /> Expenses are down but because of an accident involving a vehicle hitting our equipment <br /> which we invoiced insurances to cover, thereby reducing our cost. Total expenses were <br /> • <br /> $2,163,635, under budget by 3%, and higher than the previous year by 3%. <br /> For January, the Electric Department has a Net Income of$142,899, which is ahead of <br /> budget by $58,837, and behind the prior year by $143,884. <br /> Water P&L <br /> Water Operating Revenues are behind last year by 8% at $89,378, however in line with <br /> the budget. Other Revenue of$22,825 is up from budget and the prior year, at almost <br /> double the amount. Connection Fees are the driver here (with the opposite impact of the <br /> electric department noted above.) <br /> Expenses are over budget by 12% and ahead of the prior year by 30%. The driver here is <br /> a meter purchase that we will be reimbursed for in a future month. Most other water <br /> expenses are consistent with the budgeted numbers. <br /> For January, the Water Department has a net loss (which is expected this time of year) of <br /> ($123,987), which is $15,562 over budget of($108,425) and $46,996 behind last year of <br /> ($76,991). <br /> • <br /> 1 <br />