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UTILITIES COMMISSION MEETING <br />TO:FROM: <br />ERMU Commission Melissa Karpinski –Finance Manager <br />MEETING DATE: AGENDA ITEM NUMBER: <br />September 12, 2023 5.1 <br />SUBJECT: <br />Financial Report – July 2023 <br />ACTION REQUESTED: <br />Receive the July 2023Financial Report <br />DISCUSSION: <br />Please note that these are the preliminary unaudited financial statements. <br />Electric <br />July year to date (YTD) electric kWhsales aredown 2% fromthe prior year. For further <br />breakdown: <br /> Residential usageis up 1% <br /> Small Commercial usage is up 7% <br /> LargeCommercial usage is down 5% <br />For July 2023, the Electric Departmentoverall is ahead of prior YTD and favorable to budget <br />YTD. Additional variance analysis can be found on the Summary Electric Statement of Revenues, <br />Expenses and Changes in Net Position attachment. <br /> <br />Water <br />July YTD gallons of water sold are up 29% from the prior year. For further breakdown: <br /> Residential use is up 29% <br /> Commercial use is up 29% <br />For July 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, <br />Expenses and Changes in Net Position attachment. <br /> <br />ATTACHMENTS: <br /> Balance Sheet 07.2023 <br /> Electric Balance Sheet 07.2023 <br /> Water Balance Sheet 07.2023 <br /> Summary Electric Statement of Revenues, Expenses and Changes in Net Position <br />07.2023 <br /> Summary Water Statement of Revenues, Expenses and Changes in Net Position 07.2023 <br /> Graphs Prior Year and YTD 2023 <br />______________________________________________________________________________ <br />Page 1 of 2 <br />51 <br />