2.3. ERMUSR 05-12-2015 - Laserfiche WebLink

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PROFIT AND LOSS NARRATIVE March 2015 Electric P&L Overall, the Electric Department had a good month for March. March's electric kwh sales (for Febuary usage) are up slightly from the prior year by 3.2%overall: • Residential usage is down .2% • Small Commercial usage is up 1.4% • Large Commercial usage is up 5.2% from the prior year. March Operating Revenue is over the prior year by 1%, over year-to-date numbers by 6.2%, and over year-to-date budgeted numbers by 3.6%. Other Revenue is down 5%from the prior year but year-to-date only down 4%. Penalty fees are decreased this year as we did not apply them, given the late date our bills went out with our first billing in the new system. Overall, Revenues are ahead of the prior year by just under 1%, and year-to-date are ahead by 6%. Purchased Power is down from the prior year 16%. Last year there were significant PCA charges being passed along that we are not receiving this year(thankfully). Year-to-date the difference in costs for purchased power are 10% less than the prior year. For other expenses,the largest variances are in Maintenance Expense, Depreciation, and Customer Accounts Expense. Maintenance Expense is higher related to focused overhead maintenance. Depreciation is lower due to the actual depreciation being calculated as assets are added to the system, versus last year the annual depreciation was estimated and allocated evenly over the year with a true-up in December. Customer Accounts Expense are higher due to software conversion expenses. Total expenses were $2,307,678, under the previous year for March by 10% and under year-to-date numbers by 7.5%. The Electric Department has a Net Loss of($55,366), compared to a budgeted Net Loss of($133,959) and the prior year Net Loss of($337,827). 25