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2.3. ERMUSR 04-08-2014
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2.3. ERMUSR 04-08-2014
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4/9/2014 9:10:28 AM
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City Government
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ERMUSR
date
4/8/2014
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Water P&L <br /> Water Operating Revenues are again ahead of last year by 5% at$108,531, and ahead of <br /> budget by 11%. Usage is down 3% for Residential, and up 12% for Commercial use. <br /> Other Revenue of$81,498 is up from budget and up from the prior year. Connection <br /> Fees are the driver here with $52,000 for a commercial water connection in 2014. Total <br /> Revenues of$190,030 are increased over the prior year by 44% and increased over the <br /> budget by 66%. <br /> Expenses are over budget by 6% and ahead of the prior year by 15%. Water Distribution <br /> Expense is up due to the timing of the water DNR permit paid in February this year <br /> versus January last year, and the watermain leak on Proctor and 5th. Total Expenses were <br /> $213,081 compared to budget of$201,025 and the prior year of$185,714. <br /> For February, the Water Department has a net loss (which is expected this time of year) <br /> of($23,051), which is better than budget of($86,773), and ahead of last year of <br /> ($53,923). <br /> 20 <br />
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