2.3. ERMUSR 09-09-2014 - Laserfiche WebLink

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For other expenses, they are under the prior year by 5%: • Maintenance Expense is increased over 100% due to some pole testing, increased meter maintenance, and repairing five trucks that were broken into in the plant yard. Also, last year Maintenance Expense was reduced for some inventory and work order adjustments that are non-recurring this year so the comparison is skewed. • Depreciation Expense is reduced as actual monthly expense is calculated in NISC versus an annual estimate being distributed. • Other Operating Expense is reduced due to amortization of debt discount not present in 2013. For July, the Electric Department has a Net Profit of$88,554 compared to the prior year loss of($135,190). Year to date we are at a net income of$661,243, which is ahead of budgeted$490,532. Water P&L Water Operating Revenues for July are down compared with last year, decreased 6%, however year-to-date are slightly ahead .2%and better than budget by 5%. Usage in July is down 2%overall: • Residential down 15% • Commercial use down 1% Other Revenues of$34,043 are down 1% from the prior year: • July 2014 Investment income of$2,057 versus July 2013 $3,012 • Decreased Connection Fees of$18,077 versus July 2013 $20,482 Total Revenues for July of$223,412 are behind the prior year by 6%, however increased over the year to date budget by 18%. Expenses are over the prior year by 2%, however decreased from ytd budget 1% • Pumping Expense is higher due to a bulk order of sodium permanganate • Distribution Expense is lower due to the watermain break in 2013 For July, the Water Department has a net profit of$30,848, which is behind last year's profit of$47,932. Year-to-date,however, the Water Department has a net loss of ($308,053) which is ahead of the prior year-to-date of($334,233), and$194,258 ahead of year-to-date budget. 2