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<br />______________________________________________________________________________ <br /> <br />Page 2 of 2 <br />General Expenses of $34,234 are more than prior year by 74% but are favorable to budget by <br />29%. YTD costs are more than the prior year by 4% but are favorable to budget by 44%. <br /> <br />Total expenses YTD are 8% more than prior year and are unfavorable to budget by 2%. The <br />main driver causing the prior YTD variance is Purchased Power. <br /> <br />For March 2021, the Electric Department has a Net Loss of ($46,062) and YTD Net Profit of <br />$199,032. This is behind of the budgeted monthly Net Profit of $92,543 and is less than prior <br />year monthly Net Profit of $119,909. YTD is behind the budgeted YTD Net Profit of $314,576 <br />and is less than the prior YTD Net Profit of $570,186. <br /> <br />Water <br /> <br />March gallons of water sold are down 5% from the prior year. For further breakdown: <br />• Residential use is up 5% <br />• Commercial use is down 13% <br /> <br />Water Operating Revenues for March of $122,361 are behind prior year by 2% but are <br />favorable to budget by 10%. YTD is behind of prior year by 1% but is favorable to budget by <br />12%. <br /> <br />Other Revenues of $64,328 are ahead of prior year by 55% and favorable to budget by 62%. <br />YTD is behind prior year by 1% but favorable to budget by 76%. <br /> <br />Overall, Total Revenues of $186,690 are ahead of prior year by 12% but are behind prior YTD by <br />1%. YTD Total Revenues are favorable to budget by 28%. <br /> <br />Total Expenses of $240,091 are more than prior year by 20% and more than the prior YTD by <br />17%. YTD is favorable to budget by 5%. <br /> <br />For March 2021, the Water Department has a Net Loss of ($53,401) (typical for the water <br />department) and YTD Net Loss of ($162,272). This is ahead of the budgeted monthly Net Loss of <br />($92,486) but is behind the prior year monthly Net Loss of ($32,404). YTD is ahead of the <br />budgeted YTD Net Loss of ($332,712) but is behind the prior YTD Net Loss of ($47,947). <br /> <br />ATTACHMENTS: <br />• Balance Sheet 03.2021 <br />• Summary Electric Statement of Revenues, Expenses and Changes in Net Position <br />03.2021 <br />• Summary Water Statement of Revenues, Expenses and Changes in Net Position 03.2021 <br />• Graphs Prior Year and YTD 2021 <br />• Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 03.2021 <br />• Detailed Water Statement of Revenues, Expenses and Changes in Net Position 02.2021 <br /> <br />222