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General Expenses of$14,477 are 3% over budget, and are 20%over budget YTD. The main <br /> driver causing the variance is the new CIP labor allocations. <br /> For expenses, in total they are 5%more than the prior year, and 7%more than prior YTD, but <br /> are under budget YTD by 1%. <br /> For April 2018,the Electric Department has a Net Profit of$292,183 and YTD Net Profit of <br /> $832,920. This is slightly behind the budgeted monthly Net Profit of$337,927, as well as <br /> behind the prior year monthly Net Profit of$471,090, but is significantly ahead of prior YTD <br /> Net Profit of$457,961. <br /> Water P&L <br /> April gallons of water sold are down 13% from the prior year. For further breakdown: <br /> • Residential use down 14% <br /> • Commercial use down 12% <br /> Water Operating Revenues for April was $117,309, 6%behind prior year but ahead of YTD <br /> budget by 5%. <br /> Other Revenues of$81,067 are behind the prior year by 61% and behind prior YTD by 56%. <br /> The main drivers causing the prior YTD variance are Contributions from Developers and <br /> Connection Fees. Other Revenues are ahead of YTD budget by 51%. <br /> Overall, Total Revenues of$198,377 are behind the prior year by 41%, and behind prior YTD by <br /> 26%. Again, Contributions from Developers and Connection Fees being the driving force. YTD <br /> Total Revenues are ahead of budget by 15%. <br /> Expenses are more than the prior year by 2%,but are under YTD budget by 11%. <br /> For April 2018, the Water Department has a Net Loss of$12,832, which is behind last year's Net <br /> Profit of$126,957. April YTD Net Loss is $206,255, which is more than the prior YTD Net <br /> Profit of$53,368,but is significantly ahead of the budgeted YTD Net Loss of$399,541. <br /> ATTACHMENTS: <br /> • Balance Sheet 4.2018 <br /> • Summary Electric Statement of Revenues, Expenses and Changes in Net Position 4.2018 <br /> • Summary Water Statement of Revenues, Expenses and Changes in Net Position 4.2018 <br /> • Graphs Prior Year and YTD 2018 <br /> • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 4.2018 <br /> • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 4.2018 <br /> Page 2 of 2 <br /> 50 <br />