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General Expenses of$31,676 are 85% more than the prior year, but are 30% below budget. YTD <br /> costs are more than the prior year by 61% but are less than budget by 41%. The main driver <br /> causing the prior YTD variance is OP Rebates being fully funded from ERMU. <br /> For expenses, in total YTD are 3% more than the prior year, but are 1% less than budget. <br /> For May 2019, the Electric Department has a Net Profit of$148,984 and YTD Net Profit of <br /> $683,184. This exceeds the budgeted monthly Net Loss of$45,749, but is less than the prior <br /> year monthly Net Profit of$222,484. YTD exceeds the budgeted YTD Net Profit of$306,034, <br /> but is less than the prior YTD Net Profit of$1,055,405. <br /> Water <br /> May's gallons water sold is down 6%from the prior year. For further breakdown: <br /> • Residential use is down 7% <br /> • Commercial use is down 4% <br /> Water Operating Revenues for May of$153,402 are below the prior year by 1% but ahead of <br /> budget by 8%. YTD is ahead of prior year by 3%and is also ahead of budget by 12%. <br /> Other Revenues of$67,306 are ahead of the prior year by 12% and are ahead of prior YTD by <br /> 5%. Other Revenues are ahead of YTD budget by 27%. <br /> Overall,Total Revenues of$220,708 are ahead of the prior year by 3%and are ahead of prior <br /> YTD by 3%. YTD Total Revenues are ahead of budget by 16%. <br /> Total Expenses of$245,563 are more than the prior year by 2%, but are below YTD budget by <br /> 5%. <br /> For May 2019, the Water Department has a Net Loss of($24,854) (typical for the water <br /> department) and YTD Net Loss of ($235,999). This is ahead of the budgeted monthly Net Loss <br /> of($60,318), and is slightly ahead of the prior year monthly Net Loss of($26,202). YTD is <br /> significantly ahead of the budgeted YTD Net Loss of($420,003), but is slightly behind the prior <br /> YTD Net Loss of($232,458). <br /> ATTACHMENTS: <br /> • Balance Sheet 5.2019 <br /> • Summary Electric Statement of Revenues, Expenses and Changes in Net Position 5.2019 <br /> • Summary Water Statement of Revenues, Expenses and Changes in Net Position 5.2019 <br /> • Graphs Prior Year and YTD 2019 <br /> • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 5.2019 <br /> • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 5.2019 <br /> Page 2 of 2 <br /> 75 <br />