5.1. ERMUSR 03-12-2019 - Laserfiche WebLink

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General Expenses of$18,902 are 18% more than the prior year, but are 58% below budget. The main driver causing the variance to prior year is CIP Rebates being fully funded from ERMU. For expenses, in total they are 1% less than the prior year, but are 6%above budget (with Purchased Power being the driver.) For January 2019, the Electric Department has a Net Loss of$124,452. This is more than the budgeted Net Loss of$18,208, but is ahead of the prior year Net Loss of$292,305. Water P&L January gallons of water sold are up 17%from the prior year. For further breakdown: • Residential use is up 8% • Commercial use is up 27% Water Operating Revenues for January of$120,093 are above the prior year by 12%and ahead of budget by 22%. Other Revenues of$59,108 are above the prior year by 110%and ahead of budget by 42%. Overall,Total Revenues of$179,202 are above the prior year by 32%and are ahead of budget by 28%. Total Expenses of$247,422 are more than the prior year by 1%, but are below budget by 6%. For January 2019, the Water Department has a Net Loss of$68,220 (typical for the water department), which is better than last year's Net Loss of$110,252 and better than the budgeted Net Loss of$122,744. ATTACHMENTS: • Balance Sheet 1.2019 • Summary Electric Statement of Revenues, Expenses and Changes in Net Position 1.2019 • Summary Water Statement of Revenues, Expenses and Changes in Net Position 1.2019 • Graphs Prior Year and YTD 2019 • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 1.2019 • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 1.2019 Page 2 of 2 53