ERMU Financials 09-13-2005 - Laserfiche WebLink

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I Ili I PROFIT AND LOSS NARRATIVE ELECTRIC IThe Operating Revenue for July 2005 reflects a much warmer month than the prior year. Revenues are up $300,000 and kilowatt hours are up 4,500,000 from a year ago. IOther Operating Revenue has a slight decrease from a year ago. Connection Fees are down in July 2005 as compared to the prior year by $13,000, while Miscellaneous I Revenue is up $4,000 and Interest Income is up $1,600 (due to the maturity of 2 Certificates of Deposit.) I The purchased power cost is also up from a year ago due to the warmer weather. The margin is much better though ($344,000 this year compared to $175,000 last year) and this is directly reflected in the bottom line. Most of the expenses are down from last year I with the exception of Depreciation, Interest, and Services to the City, all of which have consistently been higher this year due to larger monthly accruals. Other Operating Expense is also higher due to the Security Systems expenses component of this item. IWATER The Operating Revenue is up slightly from a year ago. The number of gallons used is PI down by 4,000,000 from the prior year but the unit cost is increased and so the revenues are still higher. I Other Operating Revenue has a slight decrease from a year ago just as in the Electric Department. From the prior year, Connection Fees are down $13,000 and Interest Income is up $6,000 (due to the maturity of 2 Certificates of Deposit.) IProduction expense for July 2005 is $11,000 over July last year due to the maintenance of the Hillside Water Tower. The largest expense for water continues to be depreciation. I Interest expense is increased over July last year due to the larger accrual, and Administrative expense is increased over July last year due to the 25% sharing of overhead costs being consistently applied. 1 :IF 1 '4