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Water P&L <br /> Water Operating Revenues for June are down compared with last year, decreased 9%, <br /> and behind budget by 4%, however year-to-date are ahead 2%. Usage in June is down 2% <br /> overall;up 6% for Residential, and down 10% for Commercial use. <br /> Other Revenues of$35,286 are up 160% from budget and up 22% from the prior year. <br /> Other Revenues are higher this year from improved investment performance - June 2014 <br /> Investment income of$1,869 versus June 2013 ($2,825) - and increased Connection <br /> Fees. Total Revenues of$193,647 are behind the prior year by 5%, and increased over <br /> the budget by 8%. <br /> Expenses are over budget by 4% and over the prior year by 16%. As noted last month, <br /> Pumping Expense is low this month offsetting the higher expenses incurred in May. <br /> Other Operating Expense is up which includes removing fully depreciated assets for the <br /> conversion to the new NISC software. This has a negative impact this month,but will be <br /> offset for the most part in depreciation expense in subsequent months through year-end. <br /> For June, the Water Department has a net loss (which is expected this time of year) of <br /> ($18,589), which is better than budget of($25,588), and behind last year of$20,412. <br /> Year-to-date, however, the Water Department has a net loss of($334,869)which is ahead <br /> of the prior year-to-date of($382,165), and$155,000 ahead of year-to-date budget. <br /> 22 <br />