5.1 ERMUSR 11-8-2022 - Laserfiche WebLink

Home Browse Search

General Expenses of $36,748 are less than prior year by 28% and favorable to budget by 25%. YTD costs are more than the prior year by 8% but are still favorable to budget by 29%. Total expenses YTD are 15% more than prior year and are unfavorable to budget by 11%. The main driver causing the prior YTD variance and budget YTD variance is Purchased Power (majority of other expenses are favorable to budget). For September 2022, the Electric Department has a Net Profit of $412,280 and YTD Net Loss of ($143,127). This is ahead of the budgeted monthly Net Profit of $303,047 but behind the prior year monthly Net Profit of $750,798. YTD is behind the budgeted YTD Net Profit of $1,043,570 and is less than the prior YTD Net Profit of $1,241,869. Overall, the electric department has decreased usage YTD (3% less than budget and 1% less than prior year) but increased PCA revenue due to passing along the EAC charge from our purchased power cost. YTD total operating revenue excluding PCA revenue would be unfavorable to budget by 3% (due to decreased usage) and about .7% more than prior year (due to decreased usage being offset by the rate increase). Total expenses excluding purchased power are favorable to budget by 2%. The YTD variance for purchased power is unfavorable to budget by $3,437,237 and YTD total expense variance is unfavorable to budget by $3,222,069 (total expense variance is less than the purchased power variance because other expenses are coming in favorable to budget). Water September gallons of water sold are down 1% from the prior year. For further breakdown: • Residential use is down 1% • Commercial use is down 1% Water Operating Revenues for September of $427,484 are in line with prior year and favorable to budget by 59%. YTD is less than prior year by 9% but favorable to budget by 17%. Other Revenues of $62,789 are more than prior year by 9% but unfavorable to budget by 17%. YTD is more than prior YTD by 117% and favorable to budget by 126%. The main driver causing the prior YTD variance and budget YTD variance is Connection Fees. Overall, Total Revenues of $490,273 are more than prior year by 1% and more than prior YTD by 19%. YTD Total Revenues are favorable to budget by 45%. Total Expenses of $264,123 are more than prior year by 9% and more than prior YTD by 1%. YTD is favorable to budget by 1%. For September 2022, the Water Department has a Net Profit of $226,149 and YTD Net Profit of $1,433,098. This is ahead of the budgeted monthly Net Profit of $84,342 but behind prior year monthly Net Profit of $240,773. YTD is ahead of the budgeted YTD Net Profit of $220,813 and is ahead of the prior YTD Net Profit of $853,155. Page 2 of 3