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General Expenses of$17,334 are 24% over budget, and are 21% over budget YTD. The main <br /> driver causing the variance is the new CIP labor allocations. <br /> For expenses, in total they are 9%more than the prior year, and 6%more than prior YTD, and <br /> are over budget YTD by 2%. <br /> For June 2018, the Electric Department has a Net Profit of$101,492 and YTD Net Profit of <br /> $1,156,897. This is ahead the budgeted monthly Net Loss of$207,964, as well as ahead of the <br /> prior year monthly Net Loss of$163,799, and is significantly ahead of prior YTD Net Profit of <br /> $133,756. <br /> Water P&L <br /> June gallons of water sold are up 56% from the prior year. For further breakdown: <br /> • Residential use up 72% <br /> • Commercial use up 41% <br /> Water Operating Revenues for June was $303,657, 61% ahead of prior year and ahead of YTD <br /> budget by 23%. <br /> Other Revenues of$105,020 are ahead of the prior year by 48%but behind prior YTD by 53%. <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 87%. <br /> Overall, Total Revenues of$408,678 are ahead of the prior year by 58%, but behind prior YTD <br /> by 16%. Again, Contributions from Developers and Connection Fees being the driving force. <br /> YTD Total Revenues are ahead of budget by 36%. <br /> Expenses are less than the prior year by 2%, and are under YTD budget by 11%. <br /> For June 2018, the Water Department has a Net Profit of$189,506, which is ahead of last year's <br /> Net Profit of$34,616. June YTD Net Loss is $42,951, which is less than the prior YTD Net <br /> Profit of$225,606, but is significantly ahead of the budgeted YTD Net Loss of$549,815. <br /> ATTACHMENTS: <br /> • Balance Sheet 6.2018 <br /> • Summary Electric Statement of Revenues, Expenses and Changes in Net Position 6.2018 <br /> • Summary Water Statement of Revenues, Expenses and Changes in Net Position 6.2018 <br /> • Graphs Prior Year and YTD 2018 <br /> • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 6.2018 <br /> • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 6.2018 <br /> Page 2 of 2 <br /> 39 <br />