5.1 ERMUSR 12-11-2018 - Laserfiche WebLink

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General Expenses of$18,514 are 78%under budget, and are 44%under budget YTD. For expenses, in total they are 11%more than the prior year, and 7%more than prior YTD, and are over budget YTD by 1%. For October 2018,the Electric Department has a Net Profit of$793,835 and YTD Net Profit of $2,884,040. This is above the budgeted monthly Net Profit of$647,266,but behind the prior year monthly Net Profit of$1,047,905, and is significantly ahead of prior YTD Net Profit of $1,922,987. Water P&L October gallons of water sold are down 15%from the prior year. For further breakdown: • Residential use down 24% • Commercial use down 8% Water Operating Revenue for October was $206,733, 12%behind prior year but ahead of YTD budget by 12% and ahead of prior YTD by 10%. Other Revenues of$51,966 are behind the prior year by 20%, and 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 185%. Overall, Total Revenues of$258,700 are behind the prior year by 14%, but ahead of prior YTD by 3%with Water Sales being the driving force. YTD Total Revenues are ahead of budget by 37%. Expenses are more than the prior year by 6%, but are under YTD budget by 8%. For October 2018, the Water Department has a Net Profit of$38,823,which is behind last year's Net Profit of$93,902. October YTD Net Profit is $834,190, which is slightly behind the prior YTD Net Profit of$856,509, but is significantly ahead of the budgeted YTD Net Loss of $203,732. ATTACHMENTS: • Balance Sheet 10.2018 • Summary Electric Statement of Revenues, Expenses and Changes in Net Position 10.2018 • Summary Water Statement of Revenues,Expenses and Changes in Net Position 10.2018 • Graphs Prior Year and YTD 2018 • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 10.2018 • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 10.2018 Page 2 of 2 61