2.3. ERMUSR 12-16-2014 - Laserfiche WebLink

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• Customer Accounts Expense is increased and includes the payout to Paymentus for the early termination of our contract, which is $77,994 for electric. • Administrative &General Expense is increased 44%over the prior year but is a skewed presentation because of a PERA adjustment, which includes September and October expenses as this was not set up correctly with the conversion. For October, the Electric Department has a Net Profit of$292,356 compared to the prior year profit of$561,929. Year-to-date we are at a net income of$1,237,598,which is ahead of year-to-date budget of$694,405. Water P&L Water Operating Revenues for October are decreased from last year 30%. Year-to-date revenues are decreased by 8%, however,just behind year-to-date budget revenues by 3%. Usage in October is down 21%from the prior year overall: • Residential use down 27% • Commercial use down 31% Other Revenues of$49,102 are up from the prior year: • Connection Fees are increased slightly over last year. Total Revenues for October of$261,499 are behind the prior year by 26%, and year-to- date is down from the prior year-to-date by 8.5%, however ahead of year-to-date budget by 5%. Expenses are over the prior year by 24%, yet only increased from year-to-date budget 1%. • Distribution Expense is increased for maintenance of water services. • Customer Accounts Expense includes the payout to Paymentus for the early termination of our contract, which is $19,499 for water. • Administrative&General Expense is increased due to the PERA adjustment mentioned above, and also for rebates processed. For October,the Water Department has a net profit of$29,062, which is below last year's profit of$165,211. Year-to-date, the Water Department has a net profit of$126,569 and is ahead of the year-to-date budgeted loss of($41,233). 28