ITEM NO. 9.1
AGENDA REPORT
 
Meeting Date: March 28, 2017
To: Board of Directors
From: Marc Marcantonio, General Manager
Presented By: Delia Lugo, Finance Manager Dept: Finance
Prepared By: Delia Lugo, Finance Manager
Subject: Budget to Actual Statements for the Month Ending February 28, 2017
DISCUSSION:

Cumulative Volumetric Water Revenue, as reported through the month ending February 28, 2017, reflects an average rebound of 10% as compared to prior year for the same reporting period. Landscape/Irrigation classified customer connections have experienced the largest rebound in monthly consumption for this reporting period (See included Average Consumption by Month by Customer Class graph). As expected, when the weather cools and the rainy season is upon us customer consumption decreases. This is very evident for the past two reporting months.

Total Variable Costs results reflect at 14% increase when compared to prior year for the same reporting period.  The increase in costs is reflective of an increase in demand as well as a higher cost per acre foot.  As reflected in the charts, the average monthly recovery percentage has decreased dramatically since a high of 30% above prior year demand in the summer.  This is due to cooling weather and increased rain. The cumulative demand recovery from July through February is approximately 10%.

ATTACHMENTS:
Name: Description: Type:
Consolidated_Budget_to_Actual_Statement_February_2017.xlsx Consolidated Budget to Actual Stmt February 2017 Backup Material
Water_Budget_to_Actual_Statement_February_2017.pdf Water Budget to Actual Stmt February 2017 Backup Material
Sewer_Budget_to_Actual_Statement_February_2017.pdf Sewer Budget to Actual Stmt February 2017 Backup Material
July_2016_-_Feb_2017_Average_Consumption_by_Month_Chart.xlsx Graph on Customer Consumption by Class Backup Material
Jul_2016-_Feb_2017_Bounce_Back_by_Month_Chart.xlsx Graph Demand Monthly Recovery Thru February 2017 Backup Material
Jul_2016-_Feb_2017_Demand_Recovery_Chart.xlsx Graph on Monthly Demand Recovery with Bouce Back Target Backup Material