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For December 2016,the Electric Department has a Net Loss of($1,026,425),which <br /> includes the pro-forma adjustment reversal of($816,528) mentioned above, and YTD Net <br /> Profit of$2,161,604. This is ahead of the budget of$1,284,272, as well as ahead of prior <br /> YTD Net Profit of$2,098,067. <br /> Water P&L <br /> December gallons of water sold(from November's usage) is up 6%from the prior year. <br /> For further breakdown: <br /> • Residential use up 7% <br /> • Commercial use up 6% <br /> Water Operating Revenues for December of$117,116 are up from last year by 6%and <br /> lower than YTD budget by 7%. <br /> Other Revenues of$329,052 are down from the prior year by 1%. YTD is up from prior <br /> year 16%. Included in December's Miscellaneous Revenue is a Trunk Fund contribution <br /> of$300,000 for the Well#9 Filter Project. Connection fees and Trunk fund money are <br /> the driving force for the increase over the prior year. <br /> Overall, Total Revenues of$446,167 are ahead of the prior year by 1%and ahead of <br /> YTD budget by 16%and YTD prior year by 4%. <br /> Expenses are under the prior year by 6%and under YTD budget by 2%. The various <br /> expense items are relatively consistent with the prior year. <br /> For December 2016,the Water Department has a Net Profit of$221,079, which is ahead <br /> of last year's profit of$204,699. YTD Net Profit is $504,579,which is ahead of the prior <br /> YTD Net Profit of$433,380, and significantly ahead of the budgeted YTD Net Profit of <br /> $61,324. <br /> 27 <br />