5.1 ERMUSR 08-09-2022 - Laserfiche WebLink

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______________________________________________________________________________ Page 2 of 2 General Expenses of $77,567 are more than prior year by 202% and are unfavorable to budget by 59%. YTD costs are more than the prior year by 28% but are still favorable to budget by 31%. Total expenses YTD are 15% more than prior year and are unfavorable to budget by 12%. The main driver causing the prior YTD variance and budget YTD variance is Purchased Power. For June 2022, the Electric Department has a Net Loss of ($259,606) and YTD Net Loss of ($582,321). This is behind the budgeted monthly Net Loss of ($205,929) and is behind the prior year monthly Net Loss of ($202,730). YTD is behind the budgeted YTD Net Profit of $278,639 and is less than the prior YTD Net Profit of $74,805. Water June gallons of water sold are down 6% from the prior year. For further breakdown: • Residential use is down 6% • Commercial use is down 6% Water Operating Revenues for June of $288,571 are less than prior year by 7% but are favorable to budget by 21%. YTD is less than prior year by 5% but favorable to budget by 8%. Other Revenues of $168,078 are more than prior year by 103% and favorable to budget by 124%. YTD is more than prior YTD by 100% and favorable to budget by 108%. The main driver causing the prior YTD variance and budget YTD variance is Connection Fees. Overall, Total Revenues of $456,649 are more than prior year by 17% and more than prior YTD by 28%. YTD Total Revenues are favorable to budget by 41%. Total Expenses of $252,206 are more than prior year by 1% but less than the prior YTD by 1%. YTD is favorable to budget by 3%. For June 2022, the Water Department has a Net Profit of $204,443 and YTD Net Profit of $332,282. This is ahead of the budgeted monthly Net Loss of ($41,007) and ahead of prior year monthly Net Profit of $140,680. YTD is ahead of the budgeted YTD Net Loss of ($272,420) and is ahead of the prior YTD Net Loss of ($99,005). ATTACHMENTS: • Balance Sheet 06.2022 • Electric Balance Sheet 06.2022 • Water Balance Sheet 06.2022 • Summary Electric Statement of Revenues, Expenses and Changes in Net Position 06.2022 • Summary Water Statement of Revenues, Expenses and Changes in Net Position 06.2022 • Graphs Prior Year and YTD 2022 • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 06.2022 • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 06.2022 55