2.3. ERMUSR 12-08-2015 - Laserfiche WebLink

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PROFIT AND LOSS NARRATIVE October 2015 Electric P&L October's electric kwh sales (for September usage) are up by 11%, overall from the prior year. For further breakdown: • Residential usage is up 24% • Small Commercial usage is down 3% • Large Commercial usage is up 8% October Operating Revenue of$2,917,139 is over the prior year by 15.2%, and year-to- date is up 2.4%and over year-to-date budgeted numbers by 1.5%. We gave a PCA credit to customers in October of approximately$230,000 in PCAs (20 mils). We will do this in November as well. Other Revenue is consistent with the prior year and the year-to-date budgeted amount. Overall, Total Revenues are over the prior year by 14.2%, and increased 2.1%year to date, and are ahead of budget by 1.4%. The total purchased power cost of$1,784,489 is up from last year 10%, consistent with higher sales noted above. For other expenses, they are down from the prior year by 14%: • Landfill Gas is decreased due to a 2014 third quarter expense of approximately $30k for parts and costs in excess of the maintenance contract. • Customer Accounts Expense is decreased because 2014 included the payout to Paymentus for the early termination of our contract,which was $77,994 for electric. • Administrative&General Expense is decreased from the prior year because of a PERA adjustment,which includes September and October expenses in 2014 that was not set up correctly with the conversion. For October,the Electric Department has a Net Profit of$604,274 compared to the prior year profit of$292,356. Year-to-date we are at a net income of$2,117,266, which is well ahead of year-to-date budget of$543,751. 30