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5.1 ERMUSR 06-08-2021
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5.1 ERMUSR 06-08-2021
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City Government
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6/8/2021
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General Expenses of $28,552areless than prior yearby 9% andarefavorable to budget by 41%. <br />YTD costs are in line withthe prior year and are favorable tobudget by 43%. <br />Total expensesYTDare 8% more than prior year andare unfavorable tobudget by 1%. The <br />main driver causing the prior YTD variance is Purchased Power. <br /> <br />For April 2021, the Electric Department has a Net Profit of $249,376 and YTD NetProfit of <br />$448,409. This is ahead of the budgeted monthly Net Profit of $233,389 but is less thanprior <br />year monthly Net Profit of $359,579. YTD is behind the budgeted YTD Net Profit of $547,965 <br />and is less than the prior YTD Net Profit of $929,765. <br /> <br />Water <br />April gallons of water sold are down 1% from the prior year. For further breakdown: <br /> Residential use is down 4% <br /> Commercial use is up 2% <br /> <br />Water Operating Revenues for April of $143,852 are behind prior year by 1% but are favorable <br />to budget by 12%. YTD is behind prior year by 1% but is favorable to budget by 12%. <br /> <br />Other Revenues of $105,864 are ahead of prior year by 211% and favorable to budget by 167%. <br />YTD is ahead of prior year by 29% and favorable to budget by 99%. The main driver of the YTD <br />variance to prior year and budget are Connection Fees. <br /> <br />Overall, Total Revenues of $249,717 areahead of prior year by 39% and are ahead of prior YTD <br />by 8%. YTD Total Revenues are favorableto budget by 34%. <br />Total Expenses of $323,641are morethanprior yearby 62% andmorethan theprior YTDby <br />27%. YTD is unfavorable to budget by 4%. The main driver of the prior YTD variance is from <br />Mtce of Structures, which is due to the transfer of the Jackson Street water tower. <br /> <br />For April 2021, the Water Department has a Net Loss of ($74,020) (typical for the water <br />department) and YTD Net Loss of ($236,293). This is slightly behind the budgeted monthly Net <br />Loss of ($71,757) and is behind the prior year monthly Net Loss of ($20,604). YTD is ahead of <br />the budgeted YTD Net Loss of ($404,469) but is behind the prior YTD Net Loss of ($68,551). <br /> <br />ATTACHMENTS: <br /> Balance Sheet 04.2021 <br /> Summary Electric Statement of Revenues, Expenses and Changes in Net Position <br />04.2021 <br /> Summary Water Statement of Revenues, Expenses and Changes in Net Position 04.2021 <br /> Graphs Prior Year and YTD 2021 <br /> Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 04.2021 <br /> Detailed Water Statement of Revenues, Expenses and Changes in Net Position 04.2021 <br /> <br />______________________________________________________________________________ <br />Page 2 of 2 <br />63 <br />
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