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General Expenses of$9,254 are 54% less than the prior year, and are 40%below budget YTD. <br /> YTD costs are 11%less than prior YTD. <br /> For expenses, in total they are 10%more than the prior year, and are above prior YTD by 6%but <br /> are under budget YTD by 3%. <br /> For November 2017,the Electric Department has a Net Income of$435,425 and YTD Net <br /> Income of$2,358,413. This is more than the budgeted monthly Net Income of$368,402 and <br /> above the prior year monthly Net Income of$305,932, is lagging prior YTD Net Income of <br /> $3,188,029, however, it is ahead of budgeted YTD Net Income of$966,374. ($440,506 <br /> represents net income in 2016 due to the security sale and security income generated in 2016.) <br /> Water P&L <br /> The Water Department also continues to be ahead of budgeted YTD Net Income. <br /> November gallons of water sold(from October's usage) are up 21%from the prior year. For <br /> further breakdown: <br /> • Residential use up 23% <br /> • Commercial use up 18% <br /> Water Operating Revenues for November of$147,391 are up from last year by 20%and above <br /> budget by 18%. Operating Revenue is 6% above prior YTD, and is 4% above YTD budget. <br /> Other Revenues of$60,519 are ahead of the prior year by 79%, and ahead of prior YTD by 83%. <br /> Revenues are also ahead of YTD budget by 243%. The main drivers causing the prior YTD <br /> variance are WAC Fees of$392,083 and Developer Contribution of$55,882. <br /> Overall, Total Revenues of$207,911 are ahead of the prior year by 33%, and are ahead of prior <br /> YTD by 24%. As previously stated WAC Fees and Developer Contribution are the driving <br /> force. YTD Total Revenues are ahead of budget by 36%. <br /> Expenses are above the prior year by 10%, but are under YTD budget by 8%. <br /> For November 2017, the Water Department has a Net Loss of$24,586, which is ahead of last <br /> year's Net Loss of$54,890. November YTD Net Profit is $831,922 which is ahead of the prior <br /> YTD Net Profit of$319,499, and is significantly ahead of the budgeted YTD Net Loss of <br /> $249,724. <br /> ATTACHMENTS: <br /> • Balance Sheet 11.2017 <br /> • Summary Electric Statement of Revenues, Expenses and Changes in Net Position <br /> 11.2017 <br /> • Summary Water Statement of Revenues, Expenses and Changes in Net Position 11.2017 <br /> • Graphs Prior Year and YTD 2017 <br /> • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 11.2017 <br /> • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 11.2017 <br /> Page 2 of 2 <br /> 56 <br />