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PROFIT AND LOSS NARRATIVE <br /> May 2016 <br /> Electric P&L <br /> May's electric kwh sales are up from the prior year, 22%. For further breakdown: <br /> • Residential usage is up 58% <br /> • Small Commercial usage is up 16% <br /> • Large Commercial usage is up 8.6% <br /> May Operating Revenue of$2,305,893 is increased 3% over the prior year, is 4%ahead <br /> prior YTD, and 6.5%behind YTD budget. <br /> Other Revenue is up 34%, from the prior year, with some swings compared to the prior <br /> year. Connection Fees are still the biggest contributor, increased 4 times over the prior <br /> year and significantly ahead of budget. <br /> Overall, Total Revenues of$2,501,271 are above the prior year by 5%, and YTD ahead <br /> by 4.9%,however under budget by 5.8%. <br /> Purchased Power of$1,723,643 is greater than the prior year by 20%, however,YTD <br /> under budget by 6%. The projected revenues and purchased power have been under <br /> budget thus far this year; however the margin remains very close and still has a positive <br /> contribution to the bottom line. <br /> For other expenses, in total they are over the prior year by 13%yet still under YTD <br /> budget by 9%. Most categories remain under budget (and we still have some landfill <br /> expenses that are to come with the repair of engine#4.) <br /> For May 2016, the Electric Department has a Net Profit of$81,255 and a YTD Net Profit <br /> of$632,323, both under the prior year,however, we are still ahead of our YTD budget <br /> Net Profit of$357,574 by 77%. Overall, it was a good month. <br /> 35 <br />