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General Expenses of$39,756 are 151% more than the prior year, but are favorable to budget by <br /> 13%. YTD costs are more than the prior year by 67% but are favorable to budget by 39%. The <br /> main driver causing the prior YTD variance is CIP Rebates being fully funded from ERMU. <br /> For expenses, in total YTD are 2% less than the prior year, and are favorable to budget by 4%. <br /> For September 2019, the Electric Department has a Net Profit of$245,463 and YTD Net Profit of <br /> $1,642,505. This is in line with the budgeted monthly Net Profit of$245,858, but is less than the <br /> prior year monthly Net Profit of$743,003. YTD exceeds the budgeted YTD Net Profit of <br /> $1,468,787, but is less than the prior YTD Net Profit of$2,090,204. <br /> Water <br /> September gallons of water sold are down 16%from the prior year. For further breakdown: <br /> • Residential use is down 21% <br /> • Commercial use is down 12% <br /> Water Operating Revenues for September of$278,244 are behind prior year by 14%, and are <br /> unfavorable to budget by 6%. YTD is behind prior year by 10%, and is unfavorable to budget by <br /> 2%. <br /> Other Revenues of$85,586 are in line with the prior year but are behind prior YTD by 31%. The <br /> main driver causing the prior YTD variance is Connection Fees. Other Revenues YTD are <br /> favorable to budget by 60%. <br /> Overall, Total Revenues of$363,831 are behind the prior year by 11%and are behind prior YTD <br /> by 16%. YTD Total Revenues are favorable to budget by 9%. <br /> Total Expenses of$219,127 are less than the prior year by 3% and YTD are favorable to budget <br /> by 6%. <br /> For September 2019, the Water Department has a Net Profit of$144,703 and YTD Net Profit of <br /> $303,313.This is ahead of the budgeted monthly Net Profit of$93,833, but is behind the prior <br /> year monthly Net Profit of$183,588. YTD is significantly ahead of the budgeted YTD Net Loss of <br /> ($8,654), but is behind the prior YTD Net Profit of$795,366. <br /> ATTACHMENTS: <br /> • Balance Sheet 9.2019 <br /> • Summary Electric Statement of Revenues, Expenses and Changes in Net Position 9.2019 <br /> • Summary Water Statement of Revenues, Expenses and Changes in Net Position 9.2019 <br /> • Graphs Prior Year and YTD 2019 <br /> • Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 9.2019 <br /> • Detailed Water Statement of Revenues, Expenses and Changes in Net Position 9.2019 <br /> Page 2 of 2 <br /> 172 <br />