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estimated and allocated evenly over the year with a true-up in December. Customer <br /> Accounts Expense are higher due to software conversion expenses. Administrative and <br /> General Expenses are lower due to nonrecurring expenses April 2014 for Toughbook <br /> laptops purchased, the history book update installment, fees for the electric bonds <br /> refunded in 2014 of$24,158, and 2014 legislative conference expenses. There were also <br /> timing differences related to liability insurance and CIP refunds, causing these expenses <br /> to be lower this year. <br /> Total expenses were $2,067,205,under the previous year for April by 15%and under <br /> year-to-date numbers by 9.3%. Absent the PCAs, total expenses were over the prior year <br /> by 7% and under year-to-date numbers by 5%. <br /> The Electric Department has a Net Profit of$273,764, compared to the prior year Net <br /> Profit of$370,029 (without the pro-forma adjustment it was a net loss of($129,971)). <br /> Year-to-date there is a Net Profit of$526,222, compared to the prior year Net Loss of <br /> ($340,294). <br /> Water P&L <br /> April's water consumption(for March usage) is down 5.6% overall from the prior year: <br /> • Residential usage is down 9% <br /> • Commercial usage is down 2% <br /> Water Operating Revenues are slightly ahead of last year by.18% at$115,140, and year- <br /> to-date revenues are ahead by 8%. <br /> Other Revenue of$19,608 is down 28%from the prior year and it is Connection Fees <br /> that are the difference,just as last month. Total Revenues of$134,748 are down from the <br /> prior year by 5%and year-to-date decreased only slightly by less than 2%. <br /> Expenses are consistent with the prior year, with the exception of Distribution Expense. <br /> This expense continues to be higher related to management's distribution of time with <br /> water services maintenance. (The allocation of management's time within the payroll <br /> system needs to adjusted and distributed over the applicable expenses, since it is currently <br /> not distributing appropriately. We are working with NISC to facilitate the proper <br /> allocation.) Total Expenses were $185,846 compared to the prior year of$177,095. <br /> For April, the Water Department has a Net Loss (which is expected this time of year) of <br /> ($51,479), compared to last year of($34,994). Year-to-date there is a Net Loss of <br /> $263,291, compared to the prior year Net Loss of($234,754). <br /> 34 <br />