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Eli River <br />Municipal I tilities UTILITIES COMMISSION MEETING <br />TO: <br />FROM: <br />ERMU Commission <br />Melissa Karpinski — Finance Manager <br />MEETING DATE: <br />AGENDA ITEM NUMBER: <br />January 10, 2023 <br />5.1 <br />SUBJECT: <br />Financial Report — November 2022 <br />ACTION REQUESTED: <br />Receive the November 2022 Financial Report <br />DISCUSSION: <br />Please note that these are the preliminary unaudited financial statements. <br />Electric <br />November's electric kWh sales are down from the prior year, 1%. For further breakdown: <br />• Residential usage is up 1% <br />• Small Commercial usage is up 5% <br />• Large Commercial usage is down 3% <br />Electric Operating Revenues for November of $2,967,145 are less than prior year by 11% but <br />favorable to budget by 3%. November YTD is more than prior year by 8% and favorable to <br />budget by 6%. The prior YTD variance and budget YTD variance is due to an increase in PCA <br />revenue. <br />Other Revenues of $254,360 are more than the prior year by 56% and favorable to budget by <br />111%. Other Revenues YTD are more than prior year by 7% and favorable to budget by 12%. <br />The main drivers of budget YTD variance are Contributions from Customers, LFG Project, Misc <br />Non -Utility (mainly due to mutual aid), and Gain on Disposition of Property (mainly LFG Plant <br />and trade-in from bucket truck) which are partially offset by Interest & Dividend Income. <br />Overall, Total Revenues of $3,221,506 are less than the prior year by 8% but favorable to <br />budget by 7%. YTD is more than the prior year by 8% and favorable to budget by 7%. <br />Purchased Power of $2,131,934 is less than the prior year by 4% but is unfavorable to budget by <br />17%. YTD is more than prior year by 13% and unfavorable to budget by 16%. YTD EAC charge is <br />$3,024,621 more than prior year and $3,986,496 more than budget. EAC charge is partially <br />offset by PCA revenue of $3,486,495. <br />Page 1 of 3 <br />