Laserfiche WebLink
______________________________________________________________________________ <br /> <br />Page 1 of 2 <br /> <br /> <br /> <br /> <br /> <br /> UTILITIES COMMISSION MEETING <br /> <br />TO: <br />ERMU Commission <br />FROM: <br />Melissa Karpinski – Finance Manager <br />MEETING DATE: <br />August 8, 2023 <br />AGENDA ITEM NUMBER: <br />5.1 <br />SUBJECT: <br />Financial Report – June 2023 <br />ACTION REQUESTED: <br />Receive the June 2023 Financial Report <br /> <br />DISCUSSION: <br />Please note that these are the preliminary unaudited financial statements. <br /> <br />Electric <br />June year to date (YTD) electric kWh sales are down 3% from the prior year. For further breakdown: <br />• Residential usage is up 1% <br />• Small Commercial usage is up 7% <br />• Large Commercial usage is down 6% <br />For June 2023, the Electric Department overall is ahead of prior YTD and favorable to budget YTD. <br />Additional variance analysis can be found on the Summary Electric Statement of Revenues, Expenses <br />and Changes in Net Position attachment. <br /> <br />Water <br />June YTD gallons of water sold are up 33% from the prior year. For further breakdown: <br />• Residential use is up 34% <br />• Commercial use is up 31% <br />For June 2023, the Water Department overall is behind prior YTD but favorable to budget YTD. <br />Additional variance analysis can be found on the Summary Water Statement of Revenues, Expenses <br />and Changes in Net Position attachment. <br /> <br />ATTACHMENTS: <br />• Balance Sheet 06.2023 <br />• Electric Balance Sheet 06.2023 <br />• Water Balance Sheet 06.2023 <br />• Summary Electric Statement of Revenues, Expenses and Changes in Net Position 06.2023 <br />• Summary Water Statement of Revenues, Expenses and Changes in Net Position 06.2023 <br />• Graphs Prior Year and YTD 2023 <br />• Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 06.2023 <br />• Detailed Water Statement of Revenues, Expenses and Changes in Net Position 06.2023 <br />53