5.1. ERMUSR 01-08-2019 - Laserfiche WebLink

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For expenses, in total they are 10%more than the prior year, and 7%more than prior YTD, and are over budget YTD by 1%. For November 2018,the Electric Department has a Net Profit of$209,262 and YTD Net Profit of$3,093,302. This is slightly behind the budgeted monthly Net Profit of$271,562, and behind the prior year monthly Net Profit of$435,425, but is significantly ahead of prior YTD Net Profit of$2,358,413 and YTD Budget. Water P&L November gallons of water sold up 1%from the prior year. For further breakdown: • Residential use down 2% • Commercial use up 3% Water Operating Revenue for November was $153,861, 4%ahead of prior year and ahead of YTD budget by 12%and ahead of prior YTD by 9%. Other Revenues of$69,393 are ahead of the prior year by 15%, but 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 178%. Overall, Total Revenues of$223,255 are ahead of the prior year by 7%, and ahead of prior YTD by 3%with Water Sales being the driving force. YTD Total Revenues are ahead of budget by 36%. Expenses are less than the prior year by 2%, and are under YTD budget by 8%. For November 2018,the Water Department has a Net Loss of$4,191, which is ahead of last year's Net Loss of$24,586. November YTD Net Profit is $829,998, which is slightly behind the prior YTD Net Profit of$831,922, but is significantly ahead of the budgeted YTD Net Loss of $269,530. ATTACHMENTS: • Balance Sheet 11.2018 • Summary Electric Statement of Revenues, Expenses and Changes in Net Position 11.2018 • Summary Water Statement of Revenues, Expenses and Changes in Net Position 11.2018 • Graphs Prior Year and YTD 2018 • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 11.2018 • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 11.2018 Page 2 of 2 77