2.3. ERMUSR 10-21-2014 - Laserfiche WebLink

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For other expenses, they are just under the prior year by less than 1 %: • Maintenance Expense is increased 21% due to focus on maintenance of overhead lines and meters. 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. Administrative & General Expense in increased 7% over the prior year. This month is largely due to the NISC recognition of benefit insurance expenses and so the comparison to the prior year is skewed - and it will be skewed the next month also. Year -to -date this line is under budget by 9 %. For August, the Electric Department has a Net Profit of $37,160 compared to the prior year loss of ($12,459). Year -to -date we are at a net income of $698,403, which is ahead of year -to -date budget of $379,787. Water P &L Water Operating Revenues for August are increased over last year, increased 6.5 %. Year - to -date revenues are slightly ahead by 2% and better than year -to -date budgeted revenues by 7.6 %. Usage in August is up 2.6% overall: • Residential use down .2% • Commercial use up 11% Other Revenues of $28,296 are down significantly from the prior year: • Decreased Connection Fees of $16,580 August 2014, versus August 2013 $77,434. Total Revenues for August of $430,238 are behind the prior year by 7.8 %, however increased over the year to date budget by 15 %. Expenses are over the prior year by 1.7 %, however decreased from year -to -date budget 1.5 %. • Administrative and General Expense is increased over the prior year for the same reason as noted above in the Electric Department. For August, the Water Department has a net profit of $216,658, which is slightly behind last year's profit of $256,746. Year -to -date, the Water Department has a net loss of ($91,395) which is far ahead of year -to -date budgeted loss of ($320,376). 36