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Total expensesYTDare 5% less than prior year andare favorable to budget by 6%. The main <br />driver of the prior YTD variance is Purchased Power. <br />For April2020, the Electric Department has a Net Profitof $359,579and YTD NetProfit of <br />$929,765. This is ahead of the budgeted monthly Net Profit of $65,521 and is more thanprior <br />year monthly Net Profit of $42,462. YTD is ahead of the budgeted YTD Net Profit of $493,471 <br />and is morethan the prior YTD Net Profit of $534,199. <br /> <br />Water <br /> <br />April gallons of water sold areup from the prior year, 24%. For further breakdown: <br /> Residential use is up 40% <br /> Commercial use is up 11% <br /> <br />Water Operating Revenues for April of $145,452 are ahead of prior year by 20% and are <br />favorable to budget by 19%. YTD is ahead of prior year by 6% and is favorable to budget by 5%. <br /> <br />Other Revenues of $34,031 are behind prior year by 3% and unfavorable to budget by 23%. <br />YTD is ahead of prior YTD by 25% and are favorable to budget by 39%. The main driver causing <br />the prior YTD variance is Connection Fees. <br /> <br />Overall, Total Revenues of $179,484 are ahead of prior year by 15% and are ahead of prior YTD <br />by 11%. YTD Total Revenues are favorable to budget by 14%. <br /> <br />Total Expenses of $200,089 are less than prior year by 6% and less than the prior YTD by 7%. <br />YTD is also favorable to budget by 18%. <br /> <br />r April 2020, the Water Department has a Net Loss of ($20,604) and YTD Net Loss of <br />Fo <br />($68,551). This is ahead of the budgeted monthly Net Loss of ($78,687) and isahead of the <br />prior year monthly Net Loss of ($56,108). YTD is significantly ahead of the budgeted YTD Net <br />Loss of ($347,448) and is ahead of the prior YTD Net Loss of ($211,144). <br />ATTACHMENTS: <br /> Balance Sheet 04.2020 <br /> Summary Electric Statement of Revenues, Expenses and Changes in Net Position <br />04.2020 <br /> Summary Water Statement of Revenues, Expenses and Changes in Net Position 04.2020 <br /> Graphs Prior Year and YTD 2020 <br /> Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 04.2020 <br /> Detailed Water Statement of Revenues, Expenses and Changes in Net Position 04.2020 <br />______________________________________________________________________________ <br />Page 2 of 2 <br />39 <br />