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The main driver of prior YTD variance is Dues & Subscriptions — Fees due to bonding expenses in <br />2021. <br />General Expenses of $21,682 are less than prior year by 4% and are favorable to budget by 56%. <br />YTD costs are less than the prior year by 6% and are favorable to budget by 49%. <br />Total expenses YTD are 13% more than prior year and are unfavorable to budget by 10%. The <br />main driver causing the prior YTD variance and budget YTD variance is Purchased Power. <br />For May 2022, the Electric Department has a Net Loss of ($81,785) and YTD Net Loss of <br />($322,715). This is behind the budgeted monthly Net Loss of ($23,793) but is better than prior <br />year monthly Net Loss of ($170,872). YTD is behind the budgeted YTD Net Profit of $484,568 <br />and is less than the prior YTD Net Profit of $277,536. <br />Water <br />May gallons of water sold are down 26% from the prior year. For further breakdown: <br />• Residential use is down 29% <br />• Commercial use is down 22%o <br />Water Operating Revenues for May of $140,237 are less than prior year by 22% and are <br />unfavorable to budget by 8%. YTD is less than prior year by 5% but favorable to budget by 3%. <br />Other Revenues of $71,851 are more than prior year by 10%o but unfavorable to budget by 4%. <br />YTD is more than prior YTD by 100%o and favorable to budget by 105%. The main driver causing <br />the prior YTD variance and budget YTD variance is Connection Fees. <br />Overall, Total Revenues of $212,088 are less than prior year by 14% but more than prior YTD by <br />32%. YTD Total Revenues are favorable to budget by 40%. <br />Total Expenses of $278,676 are more than prior year by 12% but less than the prior YTD by 1%. <br />YTD is favorable to budget by 2%. <br />For May 2022, the Water Department has a Net Loss of ($66,588) and YTD Net Profit of <br />$127,838. This is behind the budgeted monthly Net Loss of ($39,146) and behind the prior year <br />monthly Net Loss of ($3,393). YTD is ahead of the budgeted YTD Net Loss of ($313,427) and is <br />ahead of the prior YTD Net Loss of ($239,686). <br />ATTACH ME NTS: <br />• Balance Sheet 05.2022 <br />• Electric Balance Sheet 05.2022 <br />• Water Balance Sheet 05.2022 <br />• Summary Electric Statement of Revenues, Expenses and Changes in Net Position <br />�������a <br />• Summary Water Statement of Revenues, Expenses and Changes in Net Position 05.2022 <br />Page 2 of 3 <br />.� <br />