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YTD Actual YTD Budget YTD Budget Variance (Under) Over YTD Actual as a Percent of Budget Annual Budget Annual Budget Remaining OPERATING REVENUES Electricity Sales, net 134,021,892$ 127,429,433$ 6,592,459$ 105.2% 329,175,000$ (195,153,108)$ OPERATING EXPENSES Cost of Energy 97,666,454 95,993,655 1,672,799 101.7% 271,934,000 (174,267,546) Data Manager 628,247 584,733 43,514 107.4% 2,345,000 (1,716,753) Utilities Service Fees 149,307 90,704 58,603 164.6% 372,000 (222,693) Staffing Costs 469,414 1,503,337 (1,033,923) 31.2% 6,346,000 (5,876,586) Contract Services 338,019 430,910 (92,891) 78.4% 1,721,000 (1,382,981) Legal Services 148,970 170,000 (21,030) 87.6% 675,000 (526,030) Marketing and Customer Enrollment 559,950 592,199 (32,249) 94.6% 2,304,000 (1,744,050) Other G&A 206,957 266,416 (59,459) 77.7% 1,086,000 (879,043) Energy Programs (Transfer to Programs Fund) 750,000 750,000 - 100.0% 750,000 - Total operating expenses 100,917,318 100,381,954 535,364 287,533,000 (186,615,682) Operating income (loss) 33,104,574 27,047,479 6,057,095 41,642,000 (8,537,426) NONOPERATING REVENUES (EXPENSES) Investment and miscellaneous income 165,669 - 165,669 N/A - 165,669 Interest and financing expense (54,351) (70,071) 15,720 77.6% (382,000) 327,649 Capital Outlay - (25,000) 25,000 0.0% (125,000) 125,000 Nonoperating revenues (expenses), net 111,318 (95,071) 206,389 (507,000) 618,318 CHANGE IN NET POSITION33,215,892$ 26,952,408$ 6,263,484$ 41,135,000$ (7,919,108)$ ORANGE COUNTY POWER AUTHORITYOPERATING BUDGET COMPARISON REPORTThree Months Ended September 30, 2023See accountants' compilation report. 2
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