5.1 ERMUSR 06-14-2022 - Laserfiche WebLink

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UTILITIES COMMISSION MEETING TO:FROM: ERMU Commission Melissa Karpinski –Finance Manager MEETING DATE: AGENDA ITEM NUMBER: June 14, 2022 5.1 SUBJECT: Financial Report – April 2022 ACTION REQUESTED: Receive the April 2022Financial Report DISCUSSION: Please note that these are the preliminary unaudited financial statements. Electric April’selectric kWh sales are upfrom the prior year, 3%. For further breakdown: Residential usageis up10% Small Commercialusageis up12% Large Commercial usage is down 2% Electric Operating Revenues for April of $3,300,652 are more than prior year by 13% and favorable tobudget by 9%. AprilYTD ismore than prior year by 7% and favorable to budget by 4%. The prior YTD variance and budget YTD variance is mainly due tothe accrual of the PCA under Other Electric Sales – Rate Increase. Other Revenues of $236,148 are more than the prior year by 28% and favorable to budget by 16%. Other Revenues YTD is less than the prior year by 11% and is unfavorable to budget by 17%. The main driver of prior YTD variance and budget YTD variance is Interest & Dividend Income. Overall, Total Revenues of $3,536,801 are more than the prior year by 14% and favorable to budget by 10%. YTD is more than the prior year by 6% and favorable to budget by 2%. Purchased Power of $2,101,422 is more than the prior year by 13% and is unfavorable to budget by 8%. YTD is more than prior year by 17% and is unfavorable to budget by 17%. YTD EAC charge is $1,037,388 more than prior year and $1,156,841 more than budget. EAC charge is partially offset by PCA revenue. ministrative Expenses of $295,539are more thanthe prior year by 2% but in line with Ad budget. YTD costs are more than the prior year by 3% but are favorable to budgetby 4%. ______________________________________________________________________________ Page 1 of 2 117