5.1 ERMUSR 04-10-2018 - Laserfiche WebLink

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For expenses, in total they are 9%more than the prior year, and are more than prior YTD by 9%, but are under budget YTD by 1%. For February 2018, the Electric Department has a Net Profit of$571,596 and YTD Net Profit of $279,291. This is ahead of the budgeted Net Loss of$133,844, as well as ahead of the prior year monthly Net Profit of$168,479, and ahead of prior YTD Net Profit of$173,245. Water P&L February gallons of water sold (from January's usage) are up 22% from the prior year. For further breakdown: • Residential use up 23% • Commercial use up 21% Water Operating Revenues for February of$135,926 are ahead of last year by 20% and above YTD budget by 6%. Other Revenues of$38,716 are behind the prior year by 14% and behind prior YTD by 32%. The main driver causing the prior YTD variance is connection fees. Other Revenues are ahead of YTD budget by 5%. Overall, Total Revenues of$174,643 are ahead of the prior year by 11% and behind prior YTD by 7%. Again, Connection Fees being the driving force. YTD Total Revenues are ahead of budget by 6%. Expenses are more than the prior year by 7%, but are under YTD budget by 8%. For February 2018, the Water Department has a Net Loss of$37,812, which is ahead of last year's Net Loss of$40,485. February YTD Net Loss is $148,064, which is behind the prior YTD Net Loss of$95,990, but is significantly ahead of the budgeted YTD Net Loss of$204,298. ATTACHMENTS: • Balance Sheet 2.2018 • Summary Electric Statement of Revenues, Expenses and Changes in Net Position 2.2018 • Summary Water Statement of Revenues, Expenses and Changes in Net Position 2.2018 • Graphs Prior Year and YTD 2018 • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 2.2018 • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 2.2018 Page 2 of 2 153