2.3. ERMUSR 08-11-2015 - Laserfiche WebLink

Home Browse Search

For other expenses,there are several increases. Landfill Gas Expense is increased again this month due to some additional engine maintenance needed. Depreciation is higher this month as mid-year assets have been added and began depreciating. It is the largest variance this month, increased 126,000 over the prior year,however we are still below budgeted year to date depreciation. (Remember that actual depreciation is 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.) Administrative and General Expenses are higher this month largely due to increased labor costs compared to the prior year as a result of adding staff and filling vacant positions. This month we have timing differences related to CIP refunds again,however unlike last month, it is showing a sharp increase in this expense compared to the prior year. Total expenses were$2,250,681, over the previous year for June by 5.9%and under year- to-date numbers by 6%. The Electric Department has a Net Profit of$363,512, compared to the prior year Net Profit of$612,525 (without the PCA charge it was a net profit of$481,407). Year-to-date there is a Net Profit of$1,113,742, compared to the prior year Net Profit of$572,689. Water P&L June's water consumption(for May usage) is up 9% overall from the prior year: • Residential usage is down 16% • Commercial usage is up 37% Water Operating Revenues are ahead of last year by 26% at$200,316, and year-to-date revenues are ahead by 14%. Other Revenues are consistent with the prior year at$32,164. Total Revenues of $232,480 are up from the prior year by 20%and year-to-date up by 5%. Year-to-date revenues are ahead of budget by 22%. Expenses are relatively consistent with the prior year. Pumping Expense is increased this month, offsetting the decrease last month. Depreciation Expense is higher this month just as in the Electric Department, as mid-year assets have been added and began to depreciate. Other Expense is lower this year because 2014 had a non-recurring expense of approximately$40,000 due to a loss on disposition of property. (If you remember,that expense was related to the assets being converted into the new software system.) Total Expenses were $215,690 compared to the prior year of$216,267. For June,the Water Department has a Net Profit of$15,362, compared to last year Net Loss of($22,620). Year-to-date there is a Net Loss of($301,351), compared to the prior year Net Loss of($338,901). 39