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2.3. ERMUSR 03-17-2015
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2.3. ERMUSR 03-17-2015
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3/13/2015 3:07:08 PM
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City Government
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ERMUSR
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3/17/2015
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Water P&L <br /> January water usage is up 7% from the prior year. For further breakdown: <br /> • Residential use up 3.5 % <br /> • Commercial use up 9.9% <br /> Water Operating Revenues for January are up from last year by 12%and better than <br /> budget by 32%. <br /> Other Revenues of$42,894 are double from the prior year, with the Connection Fees <br /> being the driving force. As mentioned in other narratives, these revenues are very <br /> unpredictable. <br /> Overall, Total Revenues of$159,976 are ahead of the prior year by 28%and ahead of <br /> year-to-date budget by 52%. <br /> Expenses are over the prior year by 7.5% and over budget by 5.1%. The biggest impact is <br /> a timing one with Dues and Subscriptions for the DNR Report that is filed annually. The <br /> fees this year were $11,593, and last year this report was filed in early February(and the <br /> related expense of$11,627 was also recognized in February.) <br /> For January 2015, the Water Department has a Net Loss—expected this time of year—of <br /> ($78,730),which is above last year's loss of($94,077) and above the budgeted loss of <br /> ($123,117.) <br /> 29 <br />
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