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Water P&L <br /> July water usage is up 20%from the prior year. For further breakdown: <br /> • Residential use up 38% <br /> • Commercial use up 8% <br /> Water Operating Revenues for July of$310,273 are up from last year by 23%and better <br /> than YTD budget by 25%. <br /> Other Revenues of$49,000 are down from the prior year 22%,with the Connection Fees <br /> being the driving force. <br /> Overall, Total Revenues of$359,608 are ahead of the prior year by 14% and ahead of <br /> YTD budget by 40%. <br /> Expenses are under the prior year by less than 1%and under YTD budget by 2%. The <br /> various expense items are consistent with the prior year. <br /> For July 2016,the Water Department has a Net Profit of$151,884,which is over last <br /> year's profit of$107,538. YTD Net Profit is $51,484, which is ahead of the prior YTD <br /> Net Loss of($193,813), and significantly above the budgeted YTD Net Loss of <br /> ($419,576). Water typically has profits this time of year, and that continues through the <br /> summer months, allowing mitigation of accumulated losses. The last quarter of the year <br /> water typically has losses that accumulate once again. With the strong connection fees <br /> this year, however,we are still predicting to end the year better than budget. <br /> 36 <br />