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2.3. ERMUSR FINANCIALS 07-15-2014
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2.3. ERMUSR FINANCIALS 07-15-2014
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7/15/2014 12:23:54 PM
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City Government
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ERMUSR
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7/15/2014
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Water P&L <br /> Water Operating Revenues are strong compared with last year, increased 3% and ahead <br /> of budget by 8%. Usage is down 2%overall; up 6% for Residential, and down 10% for <br /> Commercial use. Other Revenues of$30,539 are up 38% from budget and down 2% from <br /> the prior year. Total Revenues of$134,288 are behind the prior year by 4.5%, and <br /> increased over the budget by 14%. Revenues were higher last year from Connection <br /> Fees. <br /> Expenses are over budget by 5%and over the prior year by 6%. Pumping Expense is <br /> high this month but will be offset by lower expenses in June. <br /> For May,the Water Department has a net loss (which is expected this time of year) of <br /> ($81,527), which is better than budget of($87,531), and behind last year of($62,708). <br /> 26 <br />
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