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Total expensesYTDare 4% less than prior year andare favorable to budget by 7%. <br />For February2020, the Electric Department has a Net Profitof $145,775and YTD NetProfit of <br />$450,277. This is behindthe budgeted monthly Net Profitof $269,643andis less thanprior <br />year monthly Net Profit of $569,543. YTD is ahead of the budgeted YTD Net Profit of $338,962 <br />and is more than the prior YTD Net Profit of $445,091. <br /> <br /> <br />Water <br /> <br />February gallons of water sold are down 16% from the prior year. For further breakdown: <br /> Residential use is down 17% <br /> Commercial use is down 15% <br /> <br />Water Operating Revenues for February of $124,203 are behind prior year by 10% andare <br />unfavorable to budget by 10%. YTD is ahead of prior year by 2% and is favorable to budget by <br />1%. <br /> <br />Other Revenues of $130,350 are ahead of prior year by 123% and favorable to budget by 196%. <br />YTD is ahead of prior YTD by 44% and are favorable to budget by 92%. The main driver causing <br />the prior YTD variance is Connection Fees. <br /> <br />Overall, Total Revenues of $254,554 are ahead of prior year by 30% and are ahead of prior YTD <br />by 15%. YTD Total Revenues are favorable to budget by 24%. <br /> <br />Total Expenses of $214,293 are less than prior year by 2% and less than the prior YTD by 4%. <br />YTD is also favorable to budget by 16%. <br /> <br />r February 2020, the Water Department has a Net Profit of $40,260 and YTD Net Lossof <br />Fo <br />($15,543). This is ahead of the budgeted monthly Net Loss of ($71,722) and is ahead of the <br />prior year monthly Net Loss of ($23,481). YTD is significantly ahead of the budgeted YTD Net <br />Loss of ($183,357) andis ahead of the prior YTD Net Loss of ($91,701). <br />ATTACHMENTS: <br /> Balance Sheet 02.2020 <br /> Summary Electric Statement of Revenues, Expenses and Changes in Net Position <br />02.2020 <br /> Summary Water Statement of Revenues, Expenses and Changes in Net Position 02.2020 <br /> Graphs Prior Year and YTD 2020 <br /> Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 02.2020 <br /> Detailed Water Statement of Revenues, Expenses and Changes in Net Position 02.2020 <br />______________________________________________________________________________ <br />Page 2 of 2 <br />166 <br />