4.1 ERMUSR 04-12-2022 - Laserfiche WebLink

Home Browse Search

General Expenses of $19,521areless than prior yearby 27% andarefavorable to budget by 60%. YTD costs are morethan the prior year by 8% but are favorable to budget by 48%. Total expensesYTDare 13% more than prior year andare unfavorable to budgetby 8%. The main driver causing the prior YTD variance and budget YTD variance is Purchased Power. For February 2022, the Electric Department has a Net Loss of ($86,871) and YTD Net Loss of ($588,737). This is behind the budgeted monthly Net Profit of $139,746 and is less than prior year monthly Net Profit of $152,176. YTD is behind the budgeted YTD Net Profit of $199,936 and is less than the prior YTD Net Profit of $245,095. Water February gallons of water sold are down 3% from the prior year. For further breakdown: Residential use is down 4% Commercial use is down 2% Water Operating Revenues for February of $128,288 are ahead of prior year by 3% and are favorable to budget by 9%. YTD is behind prior year by 1% but is favorable to budget by 4%. Other Revenues of $91,922 are ahead of prior year by 30% and favorable to budget by 23%. YTD is behind prior YTD by 4% and unfavorable to budget by 5%. The main driver causing the prior YTD variance and budget YTD variance is Interest & Dividend Income. Overall, Total Revenues of $220,210 are ahead of prior year by 12% but arebehind prior YTD by 2%. YTD Total Revenues are in linewith budget. Total Expenses of $278,984are morethanprior yearby 8% andmorethan theprior YTDby 5%. YTD is favorable to budget by 5%. For February 2022, the Water Department has a Net Loss of ($58,774) (typical for the water department) and YTD Net Loss of ($142,914). This is ahead ofthe budgeted monthly Net Loss of ($93,497) and ahead of the prior year monthly Net Loss of ($63,380). YTD is ahead of the budgeted YTD Net Loss of ($175,903) but is behind the prior YTD Net Loss of ($108,871). ATTACHMENTS: Balance Sheet 02.2022 Electric Balance Sheet 02.2022 Water Balance Sheet 02.2022 Summary Electric Statement of Revenues, Expenses and Changes in Net Position 02.2022 Summary Water Statement of Revenues, Expenses and Changes in Net Position 02.2022 Graphs Prior Year and YTD 2022 Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 02.2022 Detailed Water Statement of Revenues, Expenses and Changes in Net Position 02.2022 ______________________________________________________________________________ Page 2 of 2 148