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2.3. ERMUSR 06-10-2014
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2.3. ERMUSR 06-10-2014
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6/11/2014 3:56:56 PM
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City Government
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ERMUSR
date
6/10/2014
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Water P&L <br /> Water Operating Revenues are strong compared with last year, increased 7%and ahead <br /> of budget by 13%. Usage is up 17%overall; up 14% for Residential, and up 21% for <br /> Commercial use. Other Revenues of$27,165 are up 70% from budget and up 12%from <br /> the prior year. Total Revenues of$142,101 are ahead of the prior year by 8%, and <br /> increased over the budget by 20%. A small,but steady, increase in connections and a <br /> slow thaw from the harsh winter contribute to the increased revenues this year. <br /> Expenses are under budget by 12%and under the prior year by 7%. Distribution Expense <br /> is down from the prior year due to the pressure reduction valves installation in 2013. <br /> Total Expenses were $174,457 compared to budget of$197,730 and the prior year of <br /> $186,974. <br /> For April,the Water Department has a net loss (which is expected this time of year) of <br /> ($32,356), which is better than budget of($79,937), and ahead of last year of($55,235). <br /> 21 <br />
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