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2.3 ERMU FINANCIALS 03-13-2017
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2.3 ERMU FINANCIALS 03-13-2017
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3/10/2017 12:44:01 PM
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City Government
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3/13/2017
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Water P&L <br /> January gallons of water sold(from December's usage) is down 2%from the prior year. <br /> For further breakdown: <br /> • Residential use down 1% <br /> • Commercial use down 4% <br /> Water Operating Revenues for January of$121,702 are down from last year by less than <br /> 1%and lower than budget by 2%. <br /> Other Revenues of$52,682 are down from the prior year by 47%, but ahead of budget by <br /> 79%. The main driver causing the prior year variance is connection fees. <br /> Overall, Total Revenues of$174,384 are behind the prior year by 22%, but ahead of <br /> budget by 13%. <br /> Expenses are above the prior year by 10%, but are under budget by 8%. <br /> For January 2017, the Water Department has a Net Loss of$55,505 (typical for the water <br /> department),which is behind last year's Net Profit of$13,583 (not typical for the water <br /> department). January's Net Loss is ahead of the budgeted Net Loss of$95,739. <br /> 32 <br />
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