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Water P&L <br />Water Sales are way up this month, a 57% increase over last year, and 66% increase over <br />budget. Total year-to-date revenue is at 38.44% of budget. Last year we were at 29.19% <br />at June end. <br />Production expense is down (last year there was a water tower inspection expense) and <br />pumping expense is down slightly. Distribution expense is down 36% due to $5,600 in <br />hydrant maintenance that did not occur this year. Both are at just over 40% of budget and <br />a good benchmark would be 50%. <br />Administration and General Expense is comparable to last year. The quarterly fees are a <br />timing difference this month compared to last month, but are reflected comparably in the <br />year-to-date numbers. Total expenses are down 8% from last year. <br />Net Income is positive and the year-to-date net loss is smaller than year-to-date net loss <br />last year at this time. This month was an exceptional one, being better than budget by a <br />margin of over 400%. We will see how the rest of the year performs. The goal is to be <br />able to replenish reserves that were drawn down last year. <br />