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Budget Item <br />Actual / <br />Budget %Comment <br /> Electric Sales Revenue 100.6% Year-to-date energy sales are more than forecast by approx. $1.6M or 0.6%. Sales <br />revenue includes revenues actually billed to customers as well as estimated <br />customer usage during the reporting period that is not yet billed. <br /> Cost of Energy 95.9% The variance is affected by increased energy purchases required to provide for <br />greater than expected customer load. Also affecting the variance is the timing <br />difference between projected and actual delivery of Renewable Energy Certificates <br />(RECs) and fluctuating market prices. <br /> Data Manager 100.1% These are Calpine fees charged on a per active account basis. <br /> Service Fees - SCE 88.5% These are SCE fees charged on a per customer basis. <br /> Personnel 75.4% Staffing expenses are under budget due to the timing delay of new hires. <br /> Professional Services 81.2% This category includes accounting and audit, rates and financial & planning <br />analysis, portfolio management, scheduling coordinator, HR including recruitment <br />services and compensation study, IT, and other consultants. <br /> Legal Costs 84.4% This category includes outside legal costs for general counsel, energy procurement <br />transactional support, labor, clerk support, regulatory, member agency withdrawal, <br />and RA appeal services. <br /> Marketing and customer enrollment 96.4% This category includes advertising, strategic marketing & communications, digital <br />marketing and website development and hosting, collateral marketing, translation, <br />sponsorships & memberships, promotional items, required customer notifications <br />printing and mailing. <br /> Other General & Administrative 98.6% This category includes ordinary G&A including rent, CalCCA membership, <br />general business insurance, small equipment and software, travel, business meals, <br />professional development, and office supplies. <br /> Interest and financing expenses 92.1% This category includes interest and fees related to Letters of Credit posted for <br />collateral on energy supply. <br />ORANGE COUNTY POWER AUTHORITY <br />BUDGETARY COMPARISON REPORT <br />Nine Months Ended March 31, 2024