5.1 ERMUSR 06-11-2019 - Laserfiche WebLink

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General Expenses of $31,608 are 118% more than the prior year, but are 30% below budget. YTD costs are more than the prior year by 55% but are less than budget by 43%. The main driver causing the prior YTD variance is CIP Rebates being fully funded from ERMU. For expenses, in total YTD are 3% more than the prior year, but are in line with budget. For April 2019, the Electric Department has a Net Profit of $42,462 and YTD Net Profit of $534,199. This falls short of the budgeted monthly Net Profit of $50,438, and is less than the prior year monthly Net Profit of $292,183. This does however exceed the budgeted YTD Net Profit of $351,783, but is less than the prior YTD Net Profit of $832,920. Water April's gallons of water sold are flat from the prior year. For further breakdown: • Residential use is down 1% • Commercial use is up 1% Water Operating Revenues for April of $121,237 are above of the prior year by 3% and ahead of budget by 13%. YTD is ahead of prior year by 4% and is also ahead of budget by 13%. Other Revenues of $35,120 are below the prior year by 57% but are ahead of prior YTD by 3%. Other Revenues are ahead of YTD budget by 18%. Overall, Total Revenues of $156,358 are below prior year by 21% but are ahead of prior YTD by 3%. YTD Total Revenues are ahead of budget by 15%. Total Expenses of $212,466 are more than the prior year by 1%, but are below YTD budget by 6%. For April 2019, the Water Department has a Net Loss of ($56,108) (typical for the water department) and YTD Net Loss of ($211,144). This is ahead of the budgeted monthly Net Loss of ($85,045), but is behind the prior year monthly Net Loss of ($12,832). YTD is significantly ahead of the budgeted YTD Net Loss of ($359,685), but is slightly behind the prior YTD Net Loss of ($206,255). ATTACHMENTS: • Balance Sheet 4.2019 • Summary Electric Statement of Revenues, Expenses and Changes in Net Position 4.2019 • Summary Water Statement of Revenues, Expenses and Changes in Net Position 4.2019 • Graphs Prior Year and YTD 2019 • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 4.2019 • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 4.2019 Page 2 of 2 45