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For 2014,the Electric Department has a preliminary Net Profit of$1,384,220, which is <br /> significantly ahead of our budget of$744,870, and behind the prior year of$1,906,667. <br /> Water P&L <br /> Water Operating Revenues for December are up from last year, 41%. Annual jevenues <br /> are decreased by-5%, however,just better than the annual budget revenues .17%. <br /> December usage is up 7% from the prior year overall: <br /> • Residential use up .77% <br /> • Commercial use up 13% <br /> Annual usage is down 5% from the prior year <br /> Other Revenues of$375,667 are up from the prior year,reflecti 614, i Mn fund transfer <br /> coming from the City for the Twin Lakes Road and County Rd 13 water main project. <br /> Total preliminary Annual Revenues of$3,028,251 are ahead of the prior year by 6% and <br /> ahead of year-to-date budget by 27%. <br /> Preliminary Annual Expenses are ahead of t prior,year by 4.26% and under budget by <br /> 1.2%. Numbers still to be finalize Wbr the au f , re Depreciation for capitalized assets, <br /> and Administrative expenses, as well as any invoices that may still be coming. <br /> The Water Department h s a preli unary Net Profit of$570,506, which is above last <br /> year's profit of$503,05A:this includes the transfer from the City for the trunk funds) and <br /> is considerably above the laRtigeted loss of($112,371.) <br /> 29 <br />