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UTILITIES COMMISSION MEETING <br />TO:FROM: <br />ERMU Commission Melissa Karpinski –Finance Manager <br />MEETING DATE: AGENDA ITEM NUMBER: <br />October 10, 20235.1 <br />SUBJECT: <br />Financial Report – August2023 <br />ACTION REQUESTED: <br />Receive the August2023 Financial Report <br />DISCUSSION: <br />Please note that these are the preliminary unaudited financial statements. <br />Electric <br />August year to date (YTD)electric kWh sales aredown 3% fromthe prior year. For further <br />breakdown: <br /> Residential usageis up less than 0.5% <br /> Small Commercial usage is up 6% <br /> LargeCommercial usage is down 5% <br />For August 2023, the Electric Department overall is ahead of priorYTD 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 />August YTD gallons of water sold are up 21% from the prior year. For further breakdown: <br /> Residential use is up 18% <br /> Commercial use is up 26% <br />For August 2023, the Water Department overall is behind prior YTD but favorable to budget <br />YTD. Additional variance analysis can be found on the Summary Water Statementof Revenues, <br />Expenses and Changes in Net Position attachment. <br /> <br />ATTACHMENTS: <br /> Balance Sheet 08.2023 <br /> Electric Balance Sheet 08.2023 <br /> Water Balance Sheet 08.2023 <br /> Summary Electric Statement of Revenues, Expenses and Changes in Net Position <br />08.2023 <br /> Summary Water Statement of Revenues,Expenses and Changes in Net Position 08.2023 <br /> Graphs Prior Year and YTD 2023 <br />______________________________________________________________________________ <br />Page 1 of 2 <br />38 <br />