5.1 ERMUSR 04-11-2017 - Laserfiche WebLink

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General Expenses are $10,133, 29%more than the prior year, but are 48%under budget YTD. The main driver causing the variance to prior YTD is labor. For expenses, in total they are consistent with the prior year, but are above prior YTD by 4% and under budget YTD by 4%. For February 2017,the Electric Department has a Net Profit of$168,479 and YTD Net Profit of $173,245. This is ahead of the budgeted Net Loss of$136,942, as well as over prior year monthly Net Profit of$14,185, and over prior YTD Net Profit of$40,115. Water P&L February gallons of water sold (from January's usage) is down 1% from the prior year. For further breakdown: • Residential use down 1% • Commercial use down 1% Water Operating Revenues for February of$112,872 are up from last year by 2%but behind budget by 1%. Other Revenues of$45,169 are up from the prior year by 49%, but behind prior YTD by 25%. The main driver causing the prior YTD variance is connection fees. Other Revenues are ahead of YTD budget by 66%. Overall, Total Revenues of$158,042 are ahead the prior year by 12%, but behind prior YTD by 9%. Again, Connection Fees being the driving force. YTD Total Revenues are ahead of budget by 12%. Expenses are below the prior year by 13%, and are under YTD budget by 13%. For February 2017, the Water Department has a Net Loss of$40,485, which is ahead of last year's Net Loss of$87,272. February YTD Net Loss is $95,991, which is behind the prior YTD Net Loss of$73,689,but is significantly ahead of the budgeted YTD Net Loss of$195,785. ATTACHMENTS: • Balance Sheet 2.2017 • Electric Statement of Revenues, Expenses and Changes in Net Position—Summary and Detailed 2.2017 • Water Statement of Revenues, Expenses and Changes in Net Position—Summary and Detailed 2.2017 • Graphs Prior Year and YTD 2017 Page 2 of 2 155