2.3. ERMUSR 06-14-2016 - Laserfiche WebLink

Home Browse Search

PROFIT AND LOSS NARRATIVE April 2016 Electric P&L April's electric kwh sales are up from the prior year, 8.7%. For further breakdown: • Residential usage is up 15.8% • Small Commercial usage is down 6.9% • Large Commercial usage is up 8.4% April Operating Revenue of$2,423,472 is increased 6% over the prior year, is 4.6% ahead YTD, and 6.5%behind budget. Average temperatures are higher this year than the prior year and this could be impacting usage that was originally budgeted for. Other Revenue is up 30%, from the prior year, with some swings compared to the prior year. The biggest driver is the Connection Fees, which are significantly increased over the prior year and compared to budget. Overall, Total Revenues of$2,623,491 are above the prior year by 7.4%, and YTD ahead by 4.8%. Purchased Power of$1,661,280 is greater than the prior year by 1%, and YTD under budget by 7%. (Similar to the operating revenues being less than budgeted, the correlating purchased power in also less than budgeted. The actual margin and the budgeted margin are actually very close, differing by only a-.05%) For other expenses, in total they are over the prior year by 10%yet still under YTD budget by 12%. All categories are under budget but we know we have some landfill expenses that are still to come with the repair of engine#4. Customer Accounts Expense is increased due to our server migration from being hosted at NISC to being hosted locally. For April 2016, the Electric Department has a Net Profit of$395,996 and a YTD Net Profit of$551,067. April is ahead of the prior year Net Profit of$273,764, slightly ahead of the prior YTD Net Profit of$526,221, and ahead of our YTD budget of$157,313. 29