5.1 ERMUSR 09-12-2023UTILITIES COMMISSION MEETING
TO:FROM:
ERMU Commission Melissa Karpinski –Finance Manager
MEETING DATE: AGENDA ITEM NUMBER:
September 12, 2023 5.1
SUBJECT:
Financial Report – July 2023
ACTION REQUESTED:
Receive the July 2023Financial Report
DISCUSSION:
Please note that these are the preliminary unaudited financial statements.
Electric
July year to date (YTD) electric kWhsales aredown 2% fromthe prior year. For further
breakdown:
Residential usageis up 1%
Small Commercial usage is up 7%
LargeCommercial usage is down 5%
For July 2023, the Electric Departmentoverall is ahead of prior YTD and favorable to budget
YTD. Additional variance analysis can be found on the Summary Electric Statement of Revenues,
Expenses and Changes in Net Position attachment.
Water
July YTD gallons of water sold are up 29% from the prior year. For further breakdown:
Residential use is up 29%
Commercial use is up 29%
For July 2023, the Water Department overall is behind prior YTD but favorable to budget YTD.
Additional variance analysis can be found on the Summary Water Statement of Revenues,
Expenses and Changes in Net Position attachment.
ATTACHMENTS:
Balance Sheet 07.2023
Electric Balance Sheet 07.2023
Water Balance Sheet 07.2023
Summary Electric Statement of Revenues, Expenses and Changes in Net Position
07.2023
Summary Water Statement of Revenues, Expenses and Changes in Net Position 07.2023
Graphs Prior Year and YTD 2023
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Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 07.2023
Detailed Water Statement of Revenues, Expenses and Changes in Net Position 07.2023
Budget vs Actual Graphs – Electric 07.2023
Budget vs Actual Graphs – Water 07.2023
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