5.1 ERMUSR 10-10-2017 - Laserfiche WebLink

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or 21%. The increase in medical is largely driven by the increased participation in the HSA plan, which increased the employer HSA contribution made in January by $24,025 over last year. General Expenses of$37,999 are 77%more than the prior year, and are 55%under budget YTD. The main driver causing the variance to prior YTD is due to the timing of rebates. For expenses, in total they are 1% less than the prior year, but are above prior YTD by 5%but are under budget YTD by 1%. For August 2017,the Electric Department has a Net Income of$157,179 and YTD Net Income of$148,146. This is better than the budgeted Net Loss of$81,100 but behind the prior year monthly Net Income of$535,170 (due to the catch-up pro-forma adjustment), and is lagging prior YTD Net Income of$531,124. Water P&L August gallons of water sold (from July's usage) is up 7%from the prior year. For further breakdown: • Residential use up 15% • Commercial use is flat Water Operating Revenues for August of$311,207 are up from last year by 9% and above budget by 7%. Operating Revenue is 2%above prior YTD, and is in line with YTD budget. Other Revenues of$54,588 are ahead of the prior year by 13%, and ahead of prior YTD by 95%. Revenues are also ahead of YTD budget by 278%. The main drivers causing the prior YTD variance are WAC Fees of$348,959 and Developer Contribution of$55,882. Overall, Total Revenues of$365,795 are ahead of the prior year by 10%, and are ahead of prior YTD by 24%. As previously stated WAC Fees and Developer Contribution are the driving force. YTD Total Revenues are ahead of budget by 39%. Expenses are above the prior year by 10%, but are under YTD budget by 9%. For August 2017,the Water Department has a Net Profit of$148,736,which is ahead of last year's Net Profit of$135,865. August YTD Net Profit is $573,445 which is ahead of the prior YTD Net Profit of$187,350, and is significantly ahead of the budgeted YTD Net Loss of $236,169. ATTACHMENTS: • Balance Sheet 8.2017 • Summary Electric Statement of Revenues, Expenses and Changes in Net Position 8.2017 • Summary Water Statement of Revenues, Expenses and Changes in Net Position 8.2017 • Graphs Prior Year and YTD 2017 • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 8.2017 • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 8.2017 Page 2 of 2 51