My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2.3. ERMUSR 10-11-2016
ElkRiver
>
City Government
>
Boards and Commissions
>
Utilities Commission
>
Packets
>
2016
>
10-11-2016
>
2.3. ERMUSR 10-11-2016
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/10/2016 10:23:01 AM
Creation date
10/10/2016 10:22:59 AM
Metadata
Fields
Template:
City Government
type
ERMUSR
date
10/11/2016
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
23
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
For other expenses, in total they are over the prior year by 13%and yet still under YTD <br /> budget by 2%. <br /> For August 2016,with the pro-forma entry,the Electric Department has a Net Profit of <br /> $535,170 and YTD Net Profit of$531,124. This is over the prior year monthly Net <br /> Profit of$142,816, and behind prior YTD Net Profit of$1,355,140. <br /> Water P&L <br /> August water usage is down 3%from the prior year. For further breakdown: <br /> • Residential use down 1% <br /> • Commercial use down 6% <br /> Water Operating Revenues for August of$285,653 are down from last year by 3%and <br /> better than YTD budget by 10%. <br /> Other Revenues of$48,159 are down from the prior year 40%, again with the Connection <br /> Fees being the driving force. <br /> Overall, Total Revenues of$333,813 are behind the prior year by 11%and yet ahead of <br /> YTD budget by 22%. <br /> Expenses are under the prior year by 6%and under YTD budget by 4%. The various <br /> expense items are consistent with the prior year. <br /> For August 2016,the Water Department has a Net Profit of$135,865,which is under last <br /> year's profit of$164,517. YTD Net Profit is $187,350,which is ahead of the prior YTD <br /> Net Loss of($29,296), and significantly above the budgeted YTD Net Loss of <br /> ($217,360). Water typically has profits this time of year, and that continues through the <br /> summer months, allowing mitigation of accumulated losses. The last quarter of the year <br /> water typically has losses that accumulate once again. With the strong connection fees <br /> this year, however,we are still predicting to end the year better than budget. <br /> 33 <br />
The URL can be used to link to this page
Your browser does not support the video tag.