My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
5.1 ERMUSR 06-14-2022
ElkRiver
>
City Government
>
Boards and Commissions
>
Utilities Commission
>
Packets
>
2014-2024
>
2022
>
06-14-2022
>
5.1 ERMUSR 06-14-2022
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/13/2022 10:11:38 AM
Creation date
6/13/2022 10:11:38 AM
Metadata
Fields
Template:
City Government
type
ERMUMIN
date
6/14/2022
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
39
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
General Expenses of $21,468areless than prior yearby 25% andarefavorable to budget by <br />56%. YTD costs are lessthan the prior year by 7% and are favorable to budget by 48%. <br />Total expensesYTDare 13% more than prior year andare unfavorable to budgetby 9%. The <br />main driver causing the prior YTD variance and budget YTD variance is Purchased Power. <br /> <br />For April 2022, the Electric Department has a Net Profit of $383,392 and YTD Net Lossof <br />($240,929). This is ahead of the budgeted monthly Net Profit of $211,583 and is better than <br />prior year monthly Net Profit of $249,376. YTD is behind the budgeted YTD Net Profit of <br />$508,361 and is less than the prior YTD Net Profit of $448,409. <br /> <br />Water <br />April gallons of water sold are down 3% from the prior year. For further breakdown: <br /> Residential use is down 2% <br /> Commercial use is down 5% <br /> <br />Water Operating Revenues for April of $147,781 are ahead of prior year by 3% and are <br />favorable to budget by 8%. YTD is ahead of prior year by 1% and is favorable to budget by 6%. <br />Other Revenues of $479,851 are ahead of prior year by 353% and favorable to budget by 543%. <br />YTD is ahead of prior YTD by 119% and favorable to budget by 132%. The main driver causing <br />the prior YTD variance and budget YTD variance is ConnectionFees. <br /> <br />Overall, Total Revenues of $627,632 are morethan prior year by 151% and ahead of prior YTD <br />by 45%. YTD Total Revenues are favorable to budgetby 53%. <br />Total Expenses of $239,948are lessthanprior yearby 26% andlessthan theprior YTDby 5%. <br />YTD is favorable to budget by 4%. <br /> <br />For April 2022, the Water Department has a Net Profit of $387,683 and YTD Net Profit of <br />$194,426. This is ahead of the budgeted monthly Net Loss of ($38,309) and ahead of the prior <br />year monthly Net Loss of ($74,020). YTD is ahead of the budgeted YTD Net Loss of ($274,281) <br />and is ahead of the prior YTD Net Loss of ($236,293). <br /> <br />ATTACHMENTS: <br /> Balance Sheet 04.2022 <br /> Electric Balance Sheet 04.2022 <br /> Water Balance Sheet 04.2022 <br /> Summary Electric Statement of Revenues, Expenses and Changes in Net Position <br />04.2022 <br /> Summary Water Statement of Revenues, Expenses and Changes in Net Position 04.2022 <br /> Graphs Prior Year and YTD 2022 <br /> Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 04.2022 <br /> Detailed Water Statement of Revenues, Expenses and Changes in Net Position 04.2022 <br />______________________________________________________________________________ <br />Page 2 of 2 <br />118 <br />
The URL can be used to link to this page
Your browser does not support the video tag.