Laserfiche WebLink
For expenses,in total they are 6% more than the prior year butare favorable to budgetby 3%. <br />The main driver causing the prior yearvariance isPurchased Power. <br />For January 2021, the Electric Department has a Net Profitof $92,919. This is ahead ofthe <br />budgeted Net Profit of $76,848 but is less than the prior year Net Profit of $304,501. <br /> <br />Water <br /> <br />January gallons of water sold are down 6% from the prior year. For further breakdown: <br /> Residential use is up 7% <br /> Commercial use is down 19% <br /> <br />Water Operating Revenues for January of $135,883 are less than the prior year by 2% but <br />favorable to budget by 11%. <br /> <br />Other Revenues of $74,197 are more than the prior year by 89% and favorable to budget by <br />87%. The main driver of the prior year variance is WAC Fees. <br /> <br />Overall, Total Revenues of $210,080 are more than the prior year by 18% and are favorable to <br />budget by 30%. <br /> <br />Total Expenses of $255,571 are more than the prior year by 9% but are favorable to budget by <br />12%. <br /> <br />For January 2021, the Water Department has a Net Loss of ($45,490) (typical for the water <br />department). This is ahead of the budgeted Net Loss of ($129,229) and better than last year’s <br />Net Loss of ($55,803). <br /> <br />ATTACHMENTS: <br /> Balance Sheet 01.2021 <br /> Summary Electric Statement of Revenues, Expenses and Changes in Net Position <br />01.2021 <br /> Summary Water Statement of Revenues, Expenses and Changes in Net Position 01.2021 <br /> Graphs Prior Year and YTD 2021 <br /> Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 01.2021 <br /> Detailed Water Statement of Revenues, Expenses and Changes in Net Position 01.2021 <br />______________________________________________________________________________ <br />Page 2 of 2 <br />304 <br />