5.1 ERMUSR 02-13-20244r,;.Z,
Elk Riv
Municipal Utilities UTILITIES COMMISSION MEETING
TO:
FROM:
ERMU Commission
Melissa Karpinski — Finance Manager
MEETING DATE:
AGENDA ITEM NUMBER:
February 13, 2024
5.1
SUBJECT:
Financial Report — December 2023
ACTION REQUESTED:
Receive the December 2023 Financial Report
DISCUSSION:
Please note that these are the preliminary unaudited financial statements.
Electric
December's year to date (YTD) electric kWh sales are down from the prior year, 1%. For further
breakdown:
• Residential usage is up 2%
• Small Commercial usage is up 7%
• Large Commercial usage is down 4%
For December 2023, the Electric Department overall 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
December YTD gallons of water sold are up 18% from the prior year. For further breakdown:
• Residential use is up 15%
• Commercial use is up 22%
For December 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 12.2023
• Electric Balance Sheet 12.2023
• Water Balance Sheet 12.2023
• Summary Electric Statement of Revenues, Expenses and Changes in Net Position
12.2023
• Summary Water Statement of Revenues, Expenses and Changes in Net Position 12.2023
• Graphs Prior Year and YTD 2024
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• Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 12.2023
• Detailed Water Statement of Revenues, Expenses and Changes in Net Position 12.2023
• Budget vs Actual Graphs — Electric 12.2023
• Budget vs Actual Graphs — Water 12.2023
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