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Total expensesYTDare 5% less than prior year andare favorable to budget by 7%. The main <br />driver of the prior YTD variance is Purchased Power. <br />For March2020, the Electric Department has a Net Profitof $119,909and YTD NetProfit of <br />$570,186. This is ahead of the budgeted monthly Net Profit of $88,988 and is more thanprior <br />year monthly Net Profit of $46,645. YTD is ahead of the budgeted YTD Net Profit of $427,950 <br />and is morethan the prior YTD Net Profit of $491,737. <br /> <br />Water <br /> <br />March gallons of water sold are consistent with the prior year. For further breakdown: <br /> Residential use is consistent with prior year <br /> Commercial use is down 1% <br /> <br />Water Operating Revenues for Marchof $125,380are ahead of prior year by 2% and are <br />favorable to budget by 1%. YTDis ahead of prior year by 2% and is favorable to budget by 1%. <br /> <br />Other Revenues of $41,508 are behind prior year by 6% andunfavorable to budget by 6%. YTD <br />is ahead of prior YTD by 31% and are favorable to budget by 60%. The main driver causing the <br />prior YTD variance is Connection Fees. <br /> <br />Overall, Total Revenues of $166,889 are in line with prior year and are ahead of prior YTD by <br />11%. YTD Total Revenues are favorable to budget by 16%. <br /> <br />Total Expenses of $199,293 are less than prior year by 14% and less than the prior YTD by 7%. <br />YTD is also favorable to budget by 18%. <br /> <br />r March 2020, the Water Department has a Net Loss of ($32,404) and YTD Net Loss of <br />Fo <br />($47,947). This is ahead of the budgeted monthly Net Loss of ($85,404) and is ahead of the <br />prior year monthly Net Loss of ($63,334). YTD is significantly ahead of the budgeted YTD Net <br />Loss of ($268,761) and is ahead of the prior YTD Net Loss of ($155,036). <br /> <br />ATTACHMENTS: <br /> Balance Sheet 03.2020 <br /> Summary Electric Statement of Revenues, Expenses and Changes in Net Position <br />03.2020 <br /> Summary Water Statement of Revenues,Expenses and Changes in Net Position 03.2020 <br /> Graphs Prior Year and YTD 2020 <br /> Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 03.2020 <br /> Detailed Water Statement of Revenues, Expenses and Changes in Net Position 03.2020 <br /> <br />______________________________________________________________________________ <br />Page 2 of 2 <br />117 <br />