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4r,;.Z, <br />Elk Riv <br />Municipal Utilities UTILITIES COMMISSION MEETING <br />TO: <br />FROM: <br />ERMU Commission <br />Melissa Karpinski — Finance Manager <br />MEETING DATE: <br />AGENDA ITEM NUMBER: <br />February 13, 2024 <br />5.1 <br />SUBJECT: <br />Financial Report — December 2023 <br />ACTION REQUESTED: <br />Receive the December 2023 Financial Report <br />DISCUSSION: <br />Please note that these are the preliminary unaudited financial statements. <br />Electric <br />December's year to date (YTD) electric kWh sales are down from the prior year, 1%. For further <br />breakdown: <br />• Residential usage is up 2% <br />• Small Commercial usage is up 7% <br />• Large Commercial usage is down 4% <br />For December 2023, the Electric Department overall is ahead of prior YTD and favorable to <br />budget YTD. Additional variance analysis can be found on the Summary Electric Statement of <br />Revenues, Expenses and Changes in Net Position attachment. <br />Water <br />December YTD gallons of water sold are up 18% from the prior year. For further breakdown: <br />• Residential use is up 15% <br />• Commercial use is up 22% <br />For December 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 Statement of Revenues, <br />Expenses and Changes in Net Position attachment. <br />ATTACHMENTS: <br />• Balance Sheet 12.2023 <br />• Electric Balance Sheet 12.2023 <br />• Water Balance Sheet 12.2023 <br />• Summary Electric Statement of Revenues, Expenses and Changes in Net Position <br />12.2023 <br />• Summary Water Statement of Revenues, Expenses and Changes in Net Position 12.2023 <br />• Graphs Prior Year and YTD 2024 <br />Page 1of2 <br />91 <br />