2.4. ERMUSR 11-15-2016 - Laserfiche WebLink

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dental insurances at $66,541 more than the prior YTD or 18%, and bond issuance costs (including consulting costs at$44,000 more than the prior YTD or 77%, and fees of $101,040 more than the prior YTD or 110%.) The bond issuance costs were significant, however,they are not recurring annual items. For other expenses, in total they are under the prior year by 19% and under YTD budget by 6%. For September 2016, the Electric Department has a Net Profit of$1,468,519 and YTD Net Profit of$1,999,643. This is ahead of the budget of$661,803, as well as over the prior year monthly Net Profit of$157,850, and over prior YTD Net Profit of$1,512,991. As mentioned above with the power costs, this month effectively resets our budget and actual numbers for the year and we are on track with projections, actually exceeding them now. Water P&L September gallons of water sold(from August's usage) is down 13% from the prior year, reflecting the wet rainy weather we had. For further breakdown: • Residential use down 25% • Commercial use down 1% Water Operating Revenues for September of$260,979 are down from last year by 15% and lower than YTD budget by 4%. Other Revenues of$54,418 are up from the prior year 28%, again with the Connection Fees being the driving force. Overall, Total Revenues of$315,397 are behind the prior year by 10% and yet ahead of YTD budget by 8%. Expenses are under the prior year by 1% and over YTD budget by 2%. The various expense items are relatively consistent with the prior year. For September 2016,the Water Department has a Net Profit of$121,980, which is behind last year's profit of$154,349. YTD Net Profit is $309,331, which is ahead of the prior YTD Net Profit of$125,053, and significantly ahead of the budgeted YTD Net Profit of $53,610. 3n