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than June, which is $51,881 more than prior YTD. $57,000 has been budgeted in 2017 for this <br /> expense. <br /> General Expenses of$22,251 are 5073%more than the prior year, but are 45%under budget <br /> YTD. The main driver causing the variance to prior YTD is due to timing of rebates. <br /> For expenses, in total they are 13%more than the prior year, and are above prior YTD by 7% but <br /> are under budget YTD by 2%. <br /> For May 2017, the Electric Department has a Net Loss of$160,404 and YTD Net Profit of <br /> $297,556. This is more than the budgeted Net Loss of$144,679 and less than the prior year <br /> monthly Net Profit of$81,255, and is lagging prior YTD Net Profit of$632,323. <br /> Water P&L <br /> May gallons of water sold(from April's usage) is down 11% from the prior year. For further <br /> breakdown: <br /> • Residential use down 13% <br /> • Commercial use down 8% <br /> Water Operating Revenues for May of$119,003 are down from last year by 9% and below <br /> budget by 10%. Operating Revenue is 2%below prior YTD, and is 4%below YTD budget. <br /> Other Revenues of$252,679 are up from the prior year by 305%, and ahead of prior YTD by <br /> 129%. Revenues are also ahead of YTD budget by 371%. The main drivers causing the prior <br /> YTD variance are WAC Fees of$308,669 and Developer Contribution of$55,882. <br /> Overall, Total Revenues of$371,683 are ahead the prior year by 93%, and ahead of prior YTD <br /> by 42%. As previously stated WAC Fees and Developer Contribution are the driving force. <br /> YTD Total Revenues are ahead of budget by 68%. <br /> Expenses are above the prior year by 10%, and are under YTD budget by 8%. <br /> For May 2017, the Water Department has a Net Profit of$137,622, which is ahead of last year's <br /> Net Loss of$19,688. May YTD Net Profit is $190,990 which is ahead of the prior YTD Net <br /> Loss of$153,317, and is significantly ahead of the budgeted YTD Net Loss of$429,153. <br /> ATTACHMENTS: <br /> • Balance Sheet 5.2017 <br /> • Summary Electric Statement of Revenues, Expenses and Changes in Net Position 5.2017 <br /> • Summary Water Statement of Revenues, Expenses and Changes in Net Position 5.2017 <br /> • Graphs Prior Year and YTD 2017 <br /> • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 5.2017 <br /> • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 5.2017 <br /> Page 2 of 2 <br /> 171 <br />