Audit Report

2017 Sales of Electricty

                                                                                                                                                  Avg. Cents

Customer Class Accounts kWh Sold $ Revenue per kWh
Regular Residential 11,873 185,660,397 $16,549,473 8.91
Seasonal Residential 6,943 62,037,879 6,301,660 10.16
Small Commercial 2,132 84,749,306  6,886,036 8.13
Large Commercial 83 39,013,549 2,702,299 6.93
Industrial 15 109,394,305 5,665,230 5.18
Lighting & Other 3,525,476 459,187 13.02
Total 21,046 484,380,912 38,563,885 7.96

 

2017 Sales of Electricity (%)

Regular Residential 42.9%
Seasonal Residential 16.3%
Small Commercial 17.9%
Large Commercial 7.0%
Industrial 14.7%
Lighting & Other 1.2%
                                                                                       100.0%

 

2017 Expenses (%)

Power Supply Expense 53.3%
Operating Expense 34.0%
Depreciation 8.2%
Taxes 2.3%
Interest on LT Debt 2.2%
                                                                                       100.0%

 

Operating Statement

                                                    2017

                         2016

Revenues:
Sales of Electricity $ 38,563,885 $ 36,654,854
Other Sales Revenu $ 488,114 $ 488,218
Interest & Other Income $ 198,708 $ 127,028
Total Revenues $ 39,250,707 $ 37,270,100
Expenses:
Power Supply Expense $ 19,670,874 $ 18,344,814
Operating Expense $ 12,552,986 $ 11,987,402
Depreciation $ 3,035,194 $ 2,991,773
Taxes $ 859,950 $ 842,821
Interest on Long-Term Debt $ 797,485 $ 828,031
Total Expenses $ 36,916,489 $ 34,994,841
Net Margins $ 2,334,218 $ 2,275,259

 

Balance Sheet

                                                                      2017                                   2016
Assets:
Net Utility Plant $ 68,270,342 $ 67,146,822
Bond Reserve Funds $ 2,601,062 $ 2,577,967
Current Assets $ 18,143,713 $ 18,905,656
Other Assets $ 26,197,248 $ 26,427,349
Total Assets $ 115,212,365 $ 115,057,794
Liabilities & Net Position:
Long-Term Debt $ 25,733,490 $ 27,569,950
Current Liabilities $ 6,987,337 $ 7,022,834
Other Liabilities $ 25,839,569 $ 26,147,259
Total Liabilities $ 58,560,396 $ 60,740,043
Restricted Net Assets $ 7,357,995 $ 6,962,723
Unrestricted Net Assets $ 49,293,974 $ 47,355,028
Total Liabilities & Net Assets $ 115,212,365 $ 115,057,794

 

2017 Sales of Electricity

2017 Sales of ElectrictyRegular Residential 42.9%
Seasonal Residential 16.3%
Small Commercial 17.9%
Large Commercial 7.0%
Industrial 14.7%
Lighting & Other 1.2%

 

 

 

 

 

 

2017 Expenses

2017 Expenses Power Supply 53.3%
Operating Exp 34.0%
Depreciation 8.2%
Taxes 2.3%
Interest & Other 2.2%