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111 <br /> 111, <br /> IPROFIT AND LOSS NARRATIVE <br /> I ELECTRIC <br /> October's Operating Revenue was much higher than the prior year due to an <br /> unseasonably warm month. Typically, this shoulder summer month would not see such <br /> an increase—it is up approximately $150,000. <br /> Other Operating Revenue has a considerable decrease from a year ago and it is seen in <br /> I <br /> the Connection Fees. There was approximately $120,000 received in last year over this <br /> year from construction being down. For whatever reason, people seem to pay their utility <br /> bills more timely in October (maybe they are just so glad to see a decrease) and so the <br /> Icustomer penalty income is way down in this month for both years. It is actually a <br /> negative number, indicating the reversal of even prior penalties to customers. <br /> IThe purchased power cost is higher than the prior year, again reflective of the increased <br /> usage over last year. Administrative expense is $20,000 higher than last year. There was <br /> a large quarterly payment made to MMUA for training, which is about half of the <br /> Iincrease. The remainder of the increase relates to the CIP program (some participation <br /> with the energy house) and the purchase of postage for the postage meter. <br /> • WATER <br /> The Operating Revenue is also up from a year ago due to the warmer October 2005 <br /> weather. In contrast to the electric side, water connection fees are increased over last <br /> year by 30%. <br /> I Distribution expense is up approximately $8,000 over last year and this is due to <br /> increased transportation expense and maintenance of the water mains. The largest <br /> expense for water continues to be depreciation, and interest expense is increased over last <br /> I year due to the larger accrual. Administrative expense is increased over last year for the <br /> same reasons noted above in electric. <br /> I <br /> I <br /> 4 <br />