5.1 ERMUSR 10-09-2018 - Laserfiche WebLink

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General Expenses of$15,848 are 64%under budget, and are 21%under budget YTD. For expenses, in total they are 11%more than the prior year, and 6%more than prior YTD, and are over budget YTD by 2%, due to the purchased power costs. For August 2018,the Electric Department has a Net Profit of$338,690 and YTD Net Profit of $1,347,201. This is above the budgeted monthly Net Profit of$42,596, as well as ahead of the prior year monthly Net Profit of$157,179, and is significantly ahead of prior YTD Net Profit of $148,146. Water P&L August gallons of water sold are up 28% from the prior year. For further breakdown: • Residential use up 32% • Commercial use up 24% Water Operating Revenue for August was $411,618, 32% ahead of prior year and ahead of YTD budget by 16%. Other Revenues of$213,704 are ahead of the prior year by 291%but behind prior YTD by 11%. The main drivers causing the prior YTD variance are Contributions from Developers and Connection Fees. Other Revenues are ahead of YTD budget by 205%. Overall, Total Revenues of$625,322 are ahead of the prior year by 71%, and ahead of prior YTD by 4%with Water Sales being the driving force. YTD Total Revenues are ahead of budget by 46%. Expenses are more than the prior year by 10%,but are under YTD budget by 9%. For August 2018,the Water Department has a Net Profit of$386,203,which is ahead of last year's Net Profit of$148,736. August YTD Net Profit is $611,778, which is ahead of the prior YTD Net Profit of$573,445, and is significantly ahead of the budgeted YTD Net Loss of $327,419. ATTACHMENTS: • Balance Sheet 8.2018 • Summary Electric Statement of Revenues, Expenses and Changes in Net Position 8.2018 • Summary Water Statement of Revenues, Expenses and Changes in Net Position 8.2018 • Graphs Prior Year and YTD 2018 • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 8.2018 • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 8.2018 Page 2 of 2 34