2.3. ERMUSR 05-10-2016 - Laserfiche WebLink

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PROFIT AND LOSS NARRATIVE March 2016 Electric P&L March's electric kwh sales are up from the prior year, 8.2%. For further breakdown: • Residential usage is up 1.8% • Small Commercial usage is down 2.5% • Large Commercial usage is up 13.4% March Operating Revenue of$2,357,261 is increased 6.5% over the prior year, is 1.2% ahead YTD, and .5%behind budget. Again, March average temperatures are higher than the prior year(by 13 degrees) and this could be impacting usage. Other Revenue is up 5%, from the prior year, with some swings compared to the prior year. Customer Penalties were not applied in 2015 because we were one month on the new system and the bills were late going out so the comparison is skewed. This offsets the decreases in Interest/Dividend Income, and a decrease in Miscellaneous Revenue where we recorded 3 transmission payments in 2015 versus 1 in 2016. Overall, Total Revenues of$2,513,742 are above the prior year by 6.4%, and YTD ahead by 4%. Purchased Power of$1,661,280 is greater than the prior year by 1%, and YTD under budget by 7%. For other expenses, in total they are under the prior year by 1%and under YTD budget by 8.6%. Most categories are under budget in Operations and Maintenance. Landfill gas is under budget but we have several known expenses that have not been billed yet. Distribution and Maintenance are below budget as labor is being focused elsewhere for construction projects versus tree trimming and so is capitalized versus expensed. For March 2015, the Electric Department has a Net Profit of$114,956 and a YTD Net Profit of$155,071. March is ahead of the prior year Net Loss of($53,366) but behind the YTD Net Profit of$252,457,however, ahead of our YTD budget of$3,925. 31