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General Expenses of$23,799 are 36% more than the prior year, but are favorable to budget by <br /> 48%.YTD costs are more than the prior year by 57% but are favorable to budget by 41%. The <br /> main driver causing the prior YTD variance is CIP Rebates being fully funded from ERMU. <br /> For expenses, in total YTD are in line with the prior year, and are favorable to budget by 2%. <br /> For July 2019, the Electric Department has a Net Loss of($173,931) and YTD Net Profit of <br /> $513,962.This falls short of the budgeted monthly Net Profit of$191,066, and is more than the <br /> prior year monthly Net Loss of($143,386). YTD falls short of the budgeted YTD Net Profit of <br /> $666,377, and is less than the prior YTD Net Profit of$1,008,510. <br /> Water <br /> July gallons of water sold are down 4%from the prior year. For further breakdown: <br /> • Residential use is up 2% <br /> • Commercial use is down 9% <br /> Water Operating Revenues for July of$277,441 are behind prior year by 3%, but are favorable <br /> to budget by 6%. YTD is behind prior year by 7%, but is favorable to budget by 1%. <br /> Other Revenues of$70,506 are behind the prior year by 67% and are behind prior YTD by 25%. <br /> Other Revenues YTD are favorable to budget by 47%. <br /> Overall, Total Revenues of$347,947 are behind the prior year by 30%and are behind prior YTD <br /> by 13%. YTD Total Revenues are favorable to budget by 10%. <br /> Total Expenses of$214,205 are less than the prior year by 7%and YTD are favorable to budget <br /> by 5%. <br /> For July 2019, the Water Department has a Net Profit of$133,742 and YTD Net Loss of <br /> ($43,665).This is behind the budgeted monthly Net Profit of$60,208, and is behind the prior <br /> year monthly Net Profit of$268,525.YTD is significantly ahead of the budgeted YTD Net Loss of <br /> ($277,298), but is behind the prior YTD Net Profit of$225,574. <br /> ATTACHMENTS: <br /> • Balance Sheet 7.2019 <br /> • Summary Electric Statement of Revenues, Expenses and Changes in Net Position 7.2019 <br /> • Summary Water Statement of Revenues, Expenses and Changes in Net Position 7.2019 <br /> • Graphs Prior Year and YTD 2019 <br /> • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 7.2019 <br /> • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 7.2019 <br /> Page 2 of 2 <br /> 170 <br />