5.2 ERMUSR 07-10-2018 - Laserfiche WebLink

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For expenses, in total they are 1%more than the prior year, and 5%more than prior YTD, and are over budget YTD by 1%. For May 2018, the Electric Department has a Net Profit of$222,484 and YTD Net Profit of $1,055,405. This is ahead the budgeted monthly Net Profit of$57,205, as well as ahead of the prior year monthly Net Loss of$160,404, and is significantly ahead of prior YTD Net Profit of $297,556. Water P&L May gallons of water sold are up 31% from the prior year. For further breakdown: • Residential use up 42% • Commercial use up 21% Water Operating Revenues for May was $154,389, 30%ahead of prior year and ahead of YTD budget by 10%. Other Revenues of$60,302 are behind the prior year by 76% and behind prior YTD by 64%. The main drivers causing the prior YTD variance are Contributions from Developers and Connection Fees. Other Revenues are ahead of YTD budget by 59%. Overall, Total Revenues of$214,692 are behind the prior year by 42%, and behind prior YTD by 31%. Again, Contributions from Developers and Connection Fees being the driving force. YTD Total Revenues are ahead of budget by 21%. Expenses are more than the prior year by 3%, but are under YTD budget by 10%. For May 2018, the Water Department has a Net Loss of$26,202, which is behind last year's Net Profit of$137,622. May YTD Net Loss is $232,458,which is more than the prior YTD Net Profit of$190,990, but is significantly ahead of the budgeted YTD Net Loss of$509,881. ATTACHMENTS: • Balance Sheet 5.2018 • Summary Electric Statement of Revenues, Expenses and Changes in Net Position 5.2018 • Summary Water Statement of Revenues, Expenses and Changes in Net Position 5.2018 • Graphs Prior Year and YTD 2018 • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 5.2018 • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 5.2018 Page 2 of 2 80