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<br />______________________________________________________________________________ <br /> <br />Page 2 of 2 <br /> <br />Total expenses YTD are 7% more than prior year and are unfavorable to budget by 3%. The <br />main driver causing the prior YTD variance is Purchased Power. <br /> <br />For May 2021, the Electric Department has a Net Loss of ($170,872) and YTD Net Profit of <br />$277,536. This is behind the budgeted monthly Net Loss of ($19,347) but is better than prior <br />year monthly Net Loss of ($288,421). YTD is behind the budgeted YTD Net Profit of $528,618 <br />and is less than the prior YTD Net Profit of $641,344. <br /> <br />Water <br /> <br />May gallons of water sold are up 9% from the prior year. For further breakdown: <br />• Residential use is down 3% <br />• Commercial use is up 27% <br /> <br />Water Operating Revenues for May of $180,391 are ahead of prior year by 11% and favorable <br />to budget by 27%. YTD is ahead of prior year by 2% and favorable to budget by 15%. <br /> <br />Other Revenues of $65,269 are ahead of prior year by 99% and favorable to budget by 65%. <br />YTD is ahead of prior year by 37% and favorable to budget by 92%. The main driver of the YTD <br />variance to prior year and budget are Connection Fees. <br /> <br />Overall, Total Revenues of $245,660 are ahead of prior year by 26% and are ahead of prior YTD <br />by 12%. YTD Total Revenues are favorable to budget by 34%. <br /> <br />Total Expenses of $249,054 are less than prior year by 8% but more than prior YTD by 19%. YTD <br />is unfavorable to budget by 3%. The main driver of the prior YTD variance is from Mtce of <br />Structures, which is due to the transfer of the Jackson Street Water Tower. <br /> <br />For May 2021, the Water Department has a Net Loss of ($3,393) (typical for the water <br />department) and YTD Net Loss of ($239,686). This is better than the budgeted monthly Net Loss <br />of ($76,691) and better than the prior year monthly Net Loss of ($74,662). YTD is ahead of the <br />budgeted YTD Net Loss of ($481,160) but is behind the prior YTD Net Loss of ($143,214). <br /> <br />ATTACHMENTS: <br />• Combined Balance Sheet 05.2021 <br />• Electric Balance Sheet 05.2021 <br />• Water Balance Sheet 05.2021 <br />• Summary Electric Statement of Revenues, Expenses and Changes in Net Position <br />05.2021 <br />• Summary Water Statement of Revenues, Expenses and Changes in Net Position 05.2021 <br />• Graphs Prior Year and YTD 2021 <br />• Detailed Electric Statement of Revenues, Expenses and Changes in Net Position 05.2021 <br />• Detailed Water Statement of Revenues, Expenses and Changes in Net Position 05.2021 <br />88