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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 218,558,881$ 206,602,662$ 11,956,219$ 105.8% 329,175,000$ (110,616,119)$ OPERATING EXPENSES Cost of Energy 170,890,793 159,673,638 11,217,155 107.0% 271,934,000 (101,043,207) Data Manager 1,263,777 1,169,466 94,311 108.1% 2,345,000 (1,081,223) Utilities Service Fees 271,526 185,009 86,517 146.8% 372,000 (100,474) Staffing Costs 1,040,044 3,117,611 (2,077,567) 33.4% 6,346,000 (5,305,956) Contract Services 742,664 958,319 (215,655) 77.5% 1,721,000 (978,336) Legal Services 306,118 340,000 (33,882) 90.0% 675,000 (368,882) Marketing and Customer Enrollment 1,338,440 1,202,775 135,665 111.3% 2,304,000 (965,560) Other G&A 438,828 529,540 (90,712) 82.9% 1,086,000 (647,172) Energy Programs (Transfer to Programs Fund) 750,000 750,000 - 100.0% 750,000 - Total operating expenses 177,042,190 167,926,358 9,115,832 287,533,000 (110,490,810) Operating income (loss) 41,516,691 38,676,304 2,840,387 41,642,000 (125,309) NONOPERATING REVENUES (EXPENSES) Investment and miscellaneous income 703,513 - 703,513 N/A - 703,513 Interest and financing expense (166,834) (145,142) (21,692) 114.9% (382,000) 215,166 Capital Outlay - (65,000) 65,000 0.0% (125,000) 125,000 Nonoperating revenues (expenses), net 536,679 (210,142) 746,821 (507,000) 1,043,679 CHANGE IN NET POSITION42,053,370$ 38,466,162$ 3,587,208$ 41,135,000$ 918,370$ ORANGE COUNTY POWER AUTHORITYOPERATING BUDGET COMPARISON REPORTSix Months Ended December 31, 2023See accountants' compilation report. 2
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