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General Expenses of $36,618 are more than the prior year by 155% but are favorable to budget <br />by 18%. YTD costs are more than the prior year by 73% but are favorable to budget by 37%. The <br />main driver causing the prior YTD variance is CIP Rebates being fully funded from ERMU. <br /> <br />Total expenses YTD are 2% less than the prior year and are favorable to budget by 5%. <br /> <br />For November 2019, the Electric Department has a Net Profit of $574,635 and YTD Net Profit of <br />$2,835,670. This is ahead of the budgeted monthly Net Profit of $91,799 and is more than the <br />prior year monthly Net Profit of $209,262. YTD is ahead of the budgeted YTD Net Profit of <br />$1,938,566 but is less than the prior YTD Net Profit of $3,093,302. <br /> <br />Water <br /> <br />November gallons of water sold are down 4% from the prior year. For further breakdown: <br /> Residential use is up 1% <br /> Commercial use is down 7% <br /> <br />Water Operating Revenues for November of $151,846 are behind prior year by 1% but are <br />favorable to budget by 8%. YTD is behind prior year by 9% and is unfavorable to budget by 1%. <br /> <br />Other Revenues of $55,967 are less than the prior year by 19% and are behind prior YTD by <br />28%. The main driver causing the prior YTD variance is Connection Fees. Other Revenues YTD <br />are favorable to budget by 56%. <br /> <br />Overall, Total Revenues of $207,814 are behind the prior year by 7% and are behind prior YTD <br />by 15%. YTD Total Revenues are favorable to budget by 9%. <br /> <br />Total Expenses of $226,449 are in line with the prior year as well as prior YTD. YTD is also <br />favorable to budget by 7%. <br /> <br />For November 2019, the Water Department has a Net Loss of ($18,635) and YTD Net Profit of <br />$344,245. This is ahead of the budgeted monthly Net Loss of ($65,073) but is slightly behind the <br />prior year monthly Net Loss of ($4,191). YTD is significantly ahead of the budgeted YTD Net Loss <br />of ($77,523) but is behind the prior YTD Net Profit of $829,998. <br /> <br />ATTACHMENTS: <br /> Balance Sheet 11.2019 <br /> Summary Electric Statement of Revenues, Expenses and Changes in Net Position <br />11.2019 <br /> Summary Water Statement of Revenues, Expenses and Changes in Net Position 11.2019 <br /> Graphs Prior Year and YTD 2019 <br /> Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 11.2019 <br /> Detailed Water Statement of Revenues, Expenses and Changes in Net Position 11.2019 <br />______________________________________________________________________________ <br />Page 2 of 2 <br />129 <br />