Laserfiche WebLink
PROFIT AND LOSS NARRATIVE <br /> September 2016 <br /> Electric P&L <br /> September's electric kwh sales (from August consumption) are up from the prior year, <br /> 13%. For further breakdown: <br /> • Residential usage is up 20% <br /> • Small Commercial usage is up 8% <br /> • Large Commercial usage is up 10.6% <br /> September Operating Revenue of$3,427,749 again includes a pro-forma adjustment to <br /> show the demand adjustment credit being funded through reserves, this month it is <br /> $81,674. (Year-to-date the amount of the demand adjustment credit is $660,967.15.) <br /> Without the pro-forma adjustment, the September Operating Revenue is $3,346,075 <br /> which is increased 11% over the prior year, and is 6% ahead of prior YTD. September's <br /> revenues were strong and only 1% short of budget. Revenues are ahead of the previous <br /> year, however,they still lag the YTD budget by 2.7%, slightly better than the 3% lag last <br /> month. <br /> Other Revenue of$529,945 includes $338,614 for the sale of the Security business line. <br /> Excluding the business line sale, Other Revenues increased 8% from the prior year. <br /> Other Revenue Total is increased over the prior YTD by 32%, and increased 36% over <br /> budget YTD, due to increased Connection Fees and the Security sale. <br /> Overall, Total Revenues of$3,957,694 are above the prior year by 24%, and YTD ahead <br /> by 10%, however under YTD budget by less than 1%. <br /> Purchased Power of$1,733,820 is less than the prior year by 27%, and under the budget <br /> by 37%. If you will remember in June when our power costs were so high compared to <br /> budget, I noted that we would see a reverse impact of this in September. The budgeted <br /> number for September was $2,739,591, and our actual number is $1 million below that, <br /> far exceeding any projection. September's purchased power was significantly below <br /> budget due to the system peak of our power provider occurring on the holiday -when our <br /> system usage was down due to customers being out of town, thereby reducing our power <br /> costs for the month. This swing in September effectively resets our purchased power <br /> budget for the year and we are back on track. Our YTD costs are under YTD budget now <br /> by 4%. <br /> Administrative and General Expenses are $205,964, 2%more than the prior year, and <br /> YTD 12%higher than the prior year. Last month I was asked to address the increase in <br /> A&G Expenses from 2015 to 2016. The increase is most notably in the medical and <br /> 9P <br />