5.1 ERMUSR 11-13-2018 - Laserfiche WebLink

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General Expenses of $15,845 are 64% under budget, and are 30% under budget YTD. For expenses, in total they are 5% more than the prior year, and 6% more than prior YTD, and are over budget YTD by 1 %. For September 2018, the Electric Department has a Net Profit of $743,003 and YTD Net Profit of $2,090,204. This is above the budgeted monthly Net Profit of $585,906, as well as ahead of the prior year monthly Net Profit of $726,935, and is significantly ahead of prior YTD Net Profit of $875,082. Water P&L September gallons of water sold are up 4% from the prior year. For further breakdown: • Residential use up 12% • Commercial use down 2% Water Operating Revenue for September was $323,630, 6% ahead of prior year and ahead of YTD budget by 15%. Other Revenues of $85,699 are behind the prior year by 3%, and behind prior YTD by 10%. The main drivers causing the prior YTD variance are Contributions from Developers and Connection Fees. Other Revenues are ahead of YTD budget by 200%. Overall, Total Revenues of $409,329 are ahead of the prior year by 4%, and ahead of prior YTD by 4% with Water Sales being the driving force. YTD Total Revenues are ahead of budget by 42%. Expenses are more than the prior year by 10%, but are under YTD budget by 9%. For September 2018, the Water Department has a Net Profit of $183,588, which is slightly behind last year's Net Profit of $189,160. September YTD Net Profit is $795,366, which is ahead of the prior YTD Net Profit of $762,606, and is significantly ahead of the budgeted YTD Net Loss of $232,564. ATTACHMENTS: • Balance Sheet 9.2018 • Summary Electric Statement of Revenues, Expenses and Changes in Net Position 9.2018 • Summary Water Statement of Revenues, Expenses and Changes in Net Position 9.2018 • Graphs Prior Year and YTD 2018 • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 9.2018 • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 9.2018 Page 2 of 2 0