2.3. ERMUSR 01-13-15 - Laserfiche WebLink

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For other expenses, in total they are over the prior year slightly by .26%: • Administrative & General Expense shows the greatest increase at 26%, 19%year- to-date, but under budget by-8% as we had planned for increased expenses. Some items the increase relates to: - software conversion expenses for equipment - insurances (health, general liability, and worker's compensation) - monthly accruals of vacation and sick earned instead of annually adjusting at year end For November, the Electric Department has a Net Profit of$462,213 compared to the prior year profit of$410,639. Year-to-date we are at a net income of$1,699,811,which is ahead of year-to-date budget of$1,017,752. Water P&L Water Operating Revenues for November are up from last year, 17.7%. Year-to-date revenues are decreased by-6.6%,however,just behind the year-to-date budget revenues by-1.54%. Usage in November is up 9.7%from the prior year overall: • Residential use up 23% • Commercial use up 8.5% Other Revenues of$166,936 are way up from the prior year: • Connection Fees are $140,570 this year,compared to $21,016 last year. Total Revenues for November of$332,220 are ahead of the prior year by 90%, and year- to-date is down from the prior year-to-date only-1.9%, and ahead of year-to-date budget by 12%. Expenses are over the prior year by 2.94%, yet only increased from year-to-date budget .59%. • Pumping Expense is increased for pump repairs at wells. • Administrative &General Expense is increased due to items mentioned above. For November, the Water Department has a net profit of$151,284, which is below last year's loss of($1,627). Year-to-date, the Water Department has a net profit of$277,853 and is ahead of the year-to-date budgeted loss of($10,544). 38