5.1 ERMUSR 05-08-2018 - Laserfiche WebLink

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Just as last month,we have the largest variances in Maintenance Expenses in Tree Trimming, Electric Mapping, Meter Maintenance, and Transportation Expenses. The same explanations apply: tree trimming is increased with a delay in the construction season due to weather for both our staff and the contracted services; mapping is increased with the Locators doing GPS points to update in the system; meter maintenance is increased with the addition of our Engineer and working through some software issues; and transportation expense is increased due to field staff working on installing backup cameras on the bucket trucks (which was very labor intensive). Administrative Expenses of$237,916 are more than prior year by 2%,but 8%under budget. YTD costs are more than prior year by 2%, but are under budget by 11%. General Expenses of$19,639 are 83%more than the prior year, and are 26%over budget YTD. The main driver causing the variance to prior year is the new CIP labor allocations. For expenses, in total they are 3%more than the prior year, and 7%more than prior YTD, but are in line with budget YTD. For March 2018,the Electric Department has a Net Profit of$261,444 and YTD Net Profit of $540,736. This is ahead of the budgeted monthly Net Loss of$136,060, as well as ahead of the prior year monthly Net Loss of$186,374, and ahead of prior YTD Net Loss of$13,128. Water P&L March gallons of water sold are up 9% from the prior year. For further breakdown: • Residential use up 7% • Commercial use up 10% The increase over the prior year in usage (and resulting revenue) could be an increase in customer base, and improved billing processes. Water Operating Revenue for March was $122,733, 10% ahead of prior year and above YTD budget by 8%. Other Revenues of$43,830 are behind the prior year by 66% and behind prior YTD by 52%. The main drivers causing the prior YTD variance are Contributions from Developers and Connection Fees. Other Revenues are ahead of YTD budget by 16%. Overall, Total Revenues of$166,564 are behind the prior year by 31%, and behind prior YTD by 17%. Again, Contributions from Developers and Connection Fees being the driving force. YTD Total Revenues are ahead of budget by 10%. Expenses are less than the prior year by 3%, and are under YTD budget by 12%. For March 2018,the Water Department has a Net Loss of$45,358, which is behind last year's Net Profit of$22,402. March YTD Net Loss is $193,423, which is more than the prior YTD Net Loss of$73,588, but is significantly ahead of the budgeted YTD Net Loss of$324,158. Page 2 of 3 55