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General Expenses of$17,435 are 60%under budget, and are 7%under budget YTD. <br /> For expenses, in total they are 1%more than the prior year, and 5%more than prior YTD, and <br /> are over budget YTD by 2%. <br /> For July 2018,the Electric Department has a Net Loss of$148,386 (anticipated this time of year) <br /> and YTD Net Profit of$1,008,510. This is behind the budgeted monthly Net Loss of$90,595, as <br /> well as behind the prior year monthly Net Loss of$142,789, but is significantly ahead of prior <br /> YTD Net Loss of$9,032. <br /> Water P&L <br /> July gallons of water sold are down 18%from the prior year. For further breakdown: <br /> • Residential use down 22% <br /> • Commercial use down 13% <br /> Water Operating Revenues for July was $285,648, 17%behind of prior year but ahead of YTD <br /> budget by 11%. <br /> Other Revenues of$213,543 are ahead of the prior year by 219%but behind prior YTD by 31%. <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 156%. <br /> Overall, Total Revenues of$499,192 are ahead of the prior year by 21%, but behind prior YTD <br /> by 8%. Again, Contributions from Developers and Connection Fees being the driving force. <br /> YTD Total Revenues are ahead of budget by 36%. <br /> Expenses are more than the prior year by 8%, but are under YTD budget by 10%. <br /> For July 2018,the Water Department has a Net Profit of$268,525, which is ahead of last year's <br /> Net Profit of$199,102. July YTD Net Profit is $225,574, which is less than the prior YTD Net <br /> Profit of$424,709, but is significantly ahead of the budgeted YTD Net Loss of$421,957. <br /> ATTACHMENTS: <br /> • Balance Sheet 7.2018 <br /> • Summary Electric Statement of Revenues, Expenses and Changes in Net Position 7.2018 <br /> • Summary Water Statement of Revenues, Expenses and Changes in Net Position 7.2018 <br /> • Graphs Prior Year and YTD 2018 <br /> • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 7.2018 <br /> • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 7.2018 <br /> Page 2 of 2 <br /> 100 <br />