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2.3. ERMUSR 12-08-2015
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2.3. ERMUSR 12-08-2015
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City Government
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ERMUSR
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12/8/2015
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Water P&L <br /> Water Operating Revenues for October are consistent with the prior year, slightly <br /> decreased from last year .08%. Year-to-date revenues are increased by 1%, however, <br /> behind year-to-date budget revenues by 6%. <br /> Usage in October is down slightly by .03% from the prior year overall: <br /> • Residential use is down 31% <br /> • Commercial use is up 25% <br /> Other Revenues of$55,522 are up from the prior year 13%: <br /> • Water Tower Lease Revenues are doubled over last year. <br /> Total Revenues for October of$267,752 are slightly ahead of the prior year by 2%, and <br /> year-to-date is up from the prior year-to-date by 7%, and ahead of year-to-date budget by <br /> 1.7%. <br /> Expenses are under the prior year by 16%,under year-to-date by 1.7%, and under year- <br /> to-date budget 2.3%. <br /> • Customer Accounts Expense is decreased because 2014 includes the payout to <br /> Paymentus for the early termination of our contract, which was $19,499 for water. <br /> • Administrative &General Expense is decreased due to the PERA adjustment <br /> mentioned above. <br /> For October, the Water Department has a net profit of$73,824,which is above last year's <br /> net profit of$29,062. Year-to-date, the Water Department has a net profit of$198,877 <br /> and is ahead of the year-to-date budgeted net profit of$120,148. <br /> 31 <br />
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