2.3. ERMUSR 11-12-2013 - Laserfiche WebLink

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PROFIT AND LOSS NARRATIVE September 2013 Electric P&L Year to date the electric department is 150%ahead of budget and current projections indicate we would finish the year at 140% of budget. For the month of September, Operating Revenue was slightly behind the prior year, 1.3% less than the prior year. Other Revenue was 21%higher than the prior year due to additional Connection Fees and Miscellaneous Revenue. Total Revenue ended up being less than 1% difference from the prior year in the month of September and year to date. Purchased Power of$2,574,686 is increased over the prior year by 11% and is 88% of the Operating Revenue, netting a much smaller margin this year. In contrast, the Purchased Power in 2012 was 78% of the Operating Revenue. The remaining expenses are consistent with the prior year and budget. Administrative and General Expenses were lower than the prior year due to the timing of Conservation Improvement Expenses being approximately 32,000 less than the prior year. For Net Profit f s $1,012,344, 150% ahead of the budgeted year-end profit of$ 394,830.ate Water P&L Year to date the water department is 280% ahead of the budgeted numbers and current projections indicate we would finish the year at 94% ahead of budget. For Operating Revenue, we are 13% ahead of budget and 4% ahead of the prior year. Other Revenue is 22% ahead of budget and 269% ahead of the prior year. This is impacted by Connection Fees being up and the increased water tower lease revenue. Other expenses are in line with budget, and the prior year. For September, the Water Department has a net profit of$333,476 and a year to date Net Profit of$255,991, ahead of the budgeted year-end loss of($140,337). 16