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5.1 ERMUSR 05-10-2022
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5.1 ERMUSR 05-10-2022
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5/12/2022 11:40:51 AM
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City Government
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5/10/2022
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General Expenses of $29,952areless than prior yearby 13% andarefavorable to budget by <br />38%. YTD costs are lessthan the prior year by 1% and are favorable to budget by 45%. <br />Total expenses YTD are 13% more than prior year and are unfavorable to budget by 10%. The <br />main driver causing the prior YTD variance and budget YTD variance is Purchased Power. <br /> <br />For March 2022, the Electric Department has a Net Loss of ($35,584) and YTD Net Loss of <br />($624,321). This is behind the budgeted monthly Net Profit of $96,842but is better than prior <br />year monthly Net Loss of ($46,062). YTD is behind the budgeted YTD Net Profit of $296,778 and <br />is less than the prior YTD Net Profit of $199,032. <br /> <br /> <br />Water <br /> <br />March gallons of water sold are up 1% from the prior year. For further breakdown: <br /> Residential use is down 1% <br /> Commercial use is up 3% <br /> <br />Water Operating Revenues for March of $129,788 are ahead of prior year by 6% and are <br />favorable to budget by 10%. YTD is ahead of prior year by 1% and is favorable to budget by 6%. <br /> <br />Other Revenues of $69,425 are ahead of prior year by 8% but unfavorable to budget by 7%. <br />YTD is in line with prior YTD but unfavorable to budget by 6%. The main driver causing the <br />budget YTD variance is Interest & Dividend Income. <br /> <br />Overall, Total Revenues of $199,213 are ahead of prior year by 7% and ahead of prior YTD by <br />1%. YTD Total Revenues are favorable to budget by 1%. <br /> <br />Total Expenses of $249,555 are more thanprior year by 4% and morethan the prior YTD by 5%. <br />YTD is favorable to budget by 4%. <br /> <br />For March 2022, the Water Department has a Net Loss of ($50,342) (typical for the water <br />department) and YTD Net Loss of ($193,256). This is ahead ofthe budgeted monthly Net Loss of <br />($60,069) and ahead of the prior year monthly Net Loss of ($53,401). YTD is ahead of the <br />budgeted YTD Net Loss of ($235,972) but is behind the prior YTD Net Loss of ($162,272). <br /> <br />ATTACHMENTS: <br /> Balance Sheet 03.2022 <br /> Electric Balance Sheet 03.2022 <br /> Water Balance Sheet 03.2022 <br /> Summary Electric Statement of Revenues, Expenses and Changes in Net Position <br />03.2022 <br /> Summary Water Statement of Revenues,Expenses and Changes in Net Position 03.2022 <br />______________________________________________________________________________ <br />Page 2 of 3 <br />61 <br />
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