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General Expenses of $26,596areless than prior yearby 30% andarefavorable to budget by <br />45%. YTD costs are lessthan the prior year by 20% but are favorable tobudget by 52%. <br />Total expensesYTDare 6% more than prior year butare favorable to budget by 1%. The main <br />driver causing the prior year variance is Purchased Power. <br /> <br />For February 2021, the Electric Department has a Net Profit of $152,176 and YTD Net Profit of <br />$245,095. This is ahead of the budgeted monthly Net Profit of $145,185 and is more than prior <br />year monthly Net Profit of $145,775. YTD is ahead of the budgeted YTD Net Profit of $222,033 <br />but is less than the prior YTD Net Profit of $450,277. <br /> <br />Water <br /> <br />February gallons of water sold are down 1% from the prior year. For further breakdown: <br /> Residential use is up 8% <br /> Commercial use is down 9% <br /> <br />Water Operating Revenues for February of $124,914 are ahead of prioryearby 1% and are <br />favorable to budget by 14%. YTD is behind of prior year by 1% but is favorable to budget by <br />12%. <br /> <br />Other Revenues of $70,903 are behind prior year by 46% but favorable to budget by 79%. YTD <br />is behind prior YTD by 14% but are favorable to budget by 83%. The main driver causing the <br />prior YTD variance is Connection Fees. <br /> <br />Overall, Total Revenues of $195,817 are behind prior year by 23% and are behind prior YTD by <br />6%. YTD Total Revenues are favorable to budget by 30%. <br /> <br />al Expenses of $259,198 are more than prior year by 21% and morethan theprior YTDby <br />Tot <br />15%. YTD is favorable to budget by 7%. <br /> <br />For February 2021, the Water Department has a Net Loss of ($63,380)(typical for the water <br />department) and YTD Net Loss of ($108,871). This is ahead ofthe budgeted monthly Net Lossof <br />($110,997) but is behind the prior year monthly Net Profit of $40,260. YTD is ahead of the <br />budgeted YTD Net Loss of ($240,226) butis behind the prior YTD Net Loss of ($15,543). <br /> <br />ATTACHMENTS: <br />Balance Sheet 02.2021 <br />SummaryElectric Statement of Revenues, Expenses and Changes in Net Position <br />02.2021 <br /> Summary Water Statement of Revenues, Expenses and Changes in Net Position 02.2021 <br />Graphs Prior Year and YTD 2021 <br /> Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 02.2021 <br /> Detailed Water Statement of Revenues, Expenses and Changes in Net Position 02.2021 <br /> <br />______________________________________________________________________________ <br />Page 2 of 2 <br />237 <br />