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General Expenses of$26,382 are 60% more than the prior year, but are 42% below budget. YTD <br /> costs are more than the prior year by 39% but are less than budget by 50%. The main driver <br /> causing the prior YTD variance is CIP Rebates being fully funded from ERMU. <br /> For expenses, in total YTD are 3% less than the prior year, and are also 2% below budget. <br /> For February 2019, the Electric Department has a Net Profit of$569,543 and YTD Net Profit of <br /> $445,091. This is better than the budgeted monthly Net Profit of$206,137, is in line with the <br /> prior year monthly Net Profit of$571,596, and is ahead of prior YTD Net Profit of$279,291. <br /> Water P&L <br /> February gallons of water sold are down 1%from the prior year. For further breakdown: <br /> • Residential use is up 2% <br /> • Commercial use is down 3% <br /> Water Operating Revenues for February of$137,475 are above the prior year by 1%and ahead <br /> of budget by 10%. YTD is ahead of prior year by 6%and is also ahead of budget by 16%. <br /> Other Revenues of$58,343 are above the prior year by 51% and ahead of prior YTD by 76%. <br /> The main driver causing the prior YTD variance is Connections Fees. Other Revenues are ahead <br /> of YTD budget by 41%. <br /> Overall,Total Revenues of$195,819 are ahead of the prior year by 12%and ahead of prior YTD <br /> by 21%with Connection Fees being the driving force. YTD Total Revenues are ahead of budget <br /> by 23%. <br /> Total Expenses of$219,300 are more than the prior year by 3%, but are below YTD budget by <br /> 7%. <br /> For February 2019, the Water Department has a Net Loss of($23,481),typical for the water <br /> department, which is better than last year's Net Loss of($37,812) and better than the budgeted <br /> Net Loss of($73,909). February YTD Net Loss is ($91,701), which is better than the prior YTD <br /> Net Loss of($148,064), and is significantly ahead of the budgeted YTD Net Loss of($196,653). <br /> ATTACHMENTS: <br /> • Balance Sheet 2.2019 <br /> • Summary Electric Statement of Revenues, Expenses and Changes in Net Position 2.2019 <br /> • Summary Water Statement of Revenues, Expenses and Changes in Net Position 2.2019 <br /> • Graphs Prior Year and YTD 2019 <br /> • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 2.2019 <br /> • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 2.2019 <br /> Page 2 of 2 <br /> 163 <br />