HomeMy WebLinkAboutF-1.1 FY 2018-2019 3rd Quarter Budget Reports for Electric and Water FundsF-1-----------1·
INFORMATION ITEM
TO: HONORABLE CHAIRPERSON AND MEMBERS OF THE AZUSA UTILITY
BOARD
FROM: MANNY ROBLEDO, DIRECTOR OF UTILITIES '11, �
DATE: MAY 28, 2019
SUBJECT: FISCAL YEAR 2018-2019 THIRD QUARTER BUDGET REPORTS FOR
ELECTRIC AND WATER FUNDS
BACKGROUND:
The attached reports include unaudited budget-to-actual performance for the Water and Electric
Funds through March 31, 2019.
RECOMMENDATION:
Staff recommends the Utility Board take the following action:
1)Receive and file Fiscal Year 2018-19 Third Quarter Budget Reports for Electric
and Water fund.
ANALYSIS:
WATER
Sales of water through third quarter of the current fiscal year were 7 .4% lower when compared to
prior fiscal year results, and billed amounts were 6.2% higher. These decreases are due primarily
to above-average rainfall, which resulted in less irrigation watering and lower sales for the
quarter. The table below shows a 10-year trend of third quarter sales, billings, and number of
billed accounts for the Water Utility:
APPROVED
UTILITY BOARD
05/28/19