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YTD or 22%. The increase in medical is largely driven by the increased participation in the <br /> HSA plan,which increased the employer HSA contribution made in January by $21,202 over <br /> last year. <br /> General Expenses of($29,176) are 324%less than the prior year, and are 79%under budget <br /> YTD. The main driver causing the variance to prior YTD is due to the timing of rebates. <br /> For expenses, in total they are 2%more than the prior year, and are above prior YTD by 6%but <br /> are under budget YTD by 1%. <br /> For July 2017, the Electric Department has a Net Loss of$142,789 and YTD Net Loss of$9,032. <br /> This is better than the budgeted Net Loss of$142,940 and better than the prior year monthly Net <br /> Loss of$305,302, but is lagging prior YTD Net Loss of$4,045. <br /> Water P&L <br /> July's gallons of water sold (from June's usage) are up 10% from the prior year. For further <br /> breakdown: <br /> • Residential use up 16% <br /> • Commercial use up 4% <br /> Water Operating Revenues for July of$346,230 are up from last year by 12%and above budget <br /> by 10%. Operating Revenue is in line with prior YTD, and is 2%below YTD budget. <br /> Other Revenues of$66,926 are up from the prior year by 36%, and ahead of prior YTD by <br /> 105%. Revenues are also ahead of YTD budget by 305%. The main drivers causing the prior <br /> YTD variance are WAC Fees of$346,016 and Developer Contribution of$55,882. <br /> Overall, Total Revenues of$413,156 are ahead of the prior year by 15%, and are ahead of prior <br /> YTD by 28%. As previously stated WAC Fees and Developer Contribution are the driving <br /> force. YTD Total Revenues are ahead of budget by 44%. <br /> Expenses are above the prior year by 3%, but are under YTD budget by 8%. <br /> For July 2017,the Water Department has a Net Profit of$199,102, which is ahead of last year's <br /> Net Profit of$151,884. July YTD Net Profit is $424,709 which is ahead of the prior YTD Net <br /> Profit of$51,484, and is significantly ahead of the budgeted YTD Net Loss of$313,696. <br /> ATTACHMENTS: <br /> • Balance Sheet 7.2017 <br /> • Summary Electric Statement of Revenues,Expenses and Changes in Net Position 7.2017 <br /> • Summary Water Statement of Revenues, Expenses and Changes in Net Position 7.2017 <br /> • Graphs Prior Year and YTD 2017 <br /> • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 7.2017 <br /> • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 7.2017 <br /> Page 2 of 2 <br /> 57 <br />