Heber Light & Power 2014 Budget/Forecast Review - Midyear.

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Presentation transcript:

Heber Light & Power 2014 Budget/Forecast Review - Midyear

Revenue 2014 Budget06/01 Forecast – Current Rates 06/01 Forecast – Proposed Rates Electricity Sales 14,150, ,910, ,230, Connect Fees 25, , Interest Income 22, , Penalty Income 40, , Other/Misc Income 41, , Total: 14,280, ,043, ,364,635.13

Operating Expenses 2014 Budget06/01 Forecast – Current Rates 06/01 Forecast – Proposed Rates Power Purchased 6,057, ,283, Generation Maint / Fuel 641, , Wages 2,857, ,795, Board Compensation 39, , Retirement 510, , Materials 475, , Communications 69, , Trucks Operating Expense 252, , Insurance Cost - Employees 675, , Insurance Cost - Liability 165, , Payroll Taxes 227, , , Repairs and Maintenance 300, , Building Expense 12, , Office & Systems 63, , Postage 42, , Travel / Training 75, , Misc Professional Services 200, , Interest 374, , Reduction of Debt 325, , Dividends 300, Total: 13,661, ,158,290.80

Profit Measures 2014 Budget06/01 Forecast – Current Rates 06/01 Forecast – Proposed Rates* Revenues 14,280, ,043, ,364, Operating Expenses 13,661, ,158, Gross Profit/Loss: 618, (114,468.70) 206, Depreciation 1,831, ,800, Net Profit/Loss: (1,212,957.00) (1,914,551.03) (1,593,737.99) * Assuming a July 1 rate increase implemented at 4.5% across the board.